BollingerBands

[columbus]

Lower BB touched today.. let's hope it portends upside.

.......Or MAY'11 picture may emerge.SMA-20 is still in BLACK colour.
Anyway day trader should face either eventuality.

 

[columbus]

EOD=3.8.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+BLACK) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Black colour.Violet colour line
decides the momentum of market, mostly.

 

[timepass]

and maybe Donchian Channel will take another step down.....

 

[columbus]

EOD=4.8.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+BLACK) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Black colour.Violet colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=5.8.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+BLACK) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Black colour.Violet colour line
decides the momentum of market, mostly.

.....Mind-Blowing..................

 

[timepass]

.....Mind-Blowing..................

Yeah.. never seen a bar so far out of the band.

 

[columbus]

EOD=8.8.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+BLACK) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Black colour.Violet colour line
decides the momentum of market, mostly.

 

[girishhu1]

hi columbus,
what is the white dotted line and what is its use.also, how do you use the momentum line- 10 sma for trading
regards
girish

 

[timepass]

hi columbus,
what is the white dotted line and what is its use.also, how do you use the momentum line- 10 sma for trading
regards
girish

Basically there are 2 lines in chart , 20-SMA in (WHITE+BLACK) colours and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White colour and bearish condition it will be in Black colour.Violet colour line decides the momentum of market, mostly.

................

 

[columbus]

hi columbus,
what is the white dotted line and what is its use.also, how do you use the momentum line- 10 sma for trading
regards
girish

Hi girish,

Dotted line is previous close.
It is not 10-SMA.It is 10-ema.Just backtest the chart yourself.