BollingerBands

[columbus]

So how do you play the candles within bollinger bands ?

Basically I look for a group of candles because trend is King.
Anyway position of last candle with respect to Bands do matter.

Few days back ,I was writing about whipsaws.
http://www.traderji.com/day-trading/27421-bollingerbands-3.html#post584811

 

[columbus]

EOD=3.10.11 ................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.

 

[timepass]

That bearish harami did its work, didn't it ? A solid gap down today. Any predictions for tomorrow ? or what do you read from the bands now ?

 

[columbus]

That bearish harami did its work, didn't it ? A solid gap down today. Any predictions for tomorrow ? or what do you read from the bands now ?

It did.Tomorrow is going to be a very decisive day.The visual gap is pointing
downwards.(Bearish sentiment).But we are approaching LOWER boundary,
a little bit of caution is required.So better to wait on sideline with no fresh
positions.If bearish positions are there,HOLD it.

 

[timepass]

yeah.. and Greece is not helping either

 

[columbus]

EOD=4.10.11 ................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.

 

[timepass]

So, today's candle was one of the 2% piercing the lower band..



PS: Thanks button disabled, please accept my thanks.

 

[columbus]

We have seen rather interesting pattern.
Consolidation+Upmove, consolidation+ upmove ,consolidation+??????
Will the UPMOVE come?

 

[timepass]

ummmmmmmmmm.. could be. But this time the pattern in the consolidation phase is different. During the earlier phases it was one inverted U sort of shape and then up.. This time it has already tried the upmove 2-3 times and looks sort of exhausted.

 

[columbus]

EOD=5.10.11 ................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.