BollingerBands

[timepass]

Looks like an "M" is forming, whose left shoulder was @5169 on Sep 8 (or @5164 on Sep 9).

 

[EARTHY8]

1)Why are taking so long view of the stock/chart-7month?
2)Can one do intraday trading with such a chart?
3)What timeframe do you suggest for intraday trading?

earthy8

 

[columbus]

1)Why are taking so long view of the stock/chart-7month?
2)Can one do intraday trading with such a chart?
3)What timeframe do you suggest for intraday trading?

earthy8

Hi earthy8,

1.It is the default value in TradeTiger.I want to put a chart of last 6 months,
there is nothing wrong sticking to default value.

2.Yes.Bollinger Bands is a famous technical tool.I have a modified version of
BB and discussed it in BollingerWorm.

3.I prefer both 3min and 5min because we do not know ,the day is going
be Range-bound or Trending.

 

[columbus]

EOD=16.9.11 ................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]

So near, yet so far (from the upper BB)

 

[columbus]

EOD=19.9.11 ................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.

 

[prst]

EOD=19.9.11 ................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.

hi bro,

do u use any indicator to supplement bollinger bands?
do u think rsi is any better then stochs, or its just a matter of convenience ?

regards
prashanth

 

[columbus]

hi bro,

do u use any indicator to supplement bollinger bands?
do u think rsi is any better then stochs, or its just a matter of convenience ?

regards
prashanth

Hi prashanth,

This is EOD method only which is important for trend analysis.
For intraday ,I follow BOLLINGERWORM with no other indicators.

 

[columbus]

EOD=21.9.11 ................7-month NIFTY chart

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

 

[columbus]

EOD=22.9.11 ................7-month NIFTY chart

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