BollingerBands

[columbus]

EOD=8.11.11 ................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.

 

[columbus]

EOD=9.11.11 ................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.

 

[columbus]

EOD=11.11.11 ................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.

 

[Karanm]

Columbus Sir,

Kindly guide as what should be the Bollinger Bands Set up for Trading with EOD Charts.
What should be the Bollinger Bands Parameters and which other Indicator we should use Bollinger Bands for better Trading. What should be the Parameters of this Indicator.
Kindly also guide in detail as how to Enter & Exit a Trade, fix Stoploss & Traget of the Trade.
I would be obliged for your help & Guidance.

 

[Karanm]

Savant Sir,

Kindly guide as what should be the Bollinger Bands Set up for Trading with EOD Charts.
What should be the Bollinger Bands Parameters and which other Indicator we should use Bollinger Bands for better Trading. What should be the Parameters of this Indicator.
Kindly also guide in detail as how to Enter & Exit a Trade, fix Stoploss & Traget of the Trade.
I would be obliged for your help & Guidance.

 

[columbus]

Kindly guide as what should be the Bollinger Bands Set up for Trading with EOD Charts.
What should be the Bollinger Bands Parameters and which other Indicator we should use Bollinger Bands for better Trading. What should be the Parameters of this Indicator.
Kindly also guide in detail as how to Enter & Exit a Trade, fix Stoploss & Traget of the Trade.
I would be obliged for your help & Guidance.

Hi KaranM,

The famous set up is 20-SMA with 2 Standard Deviation ,in other words,
BB(20,2).This thread gives you EOD charts.With BB(20,2) you can add
add EMAs of your choices.Adding another set of Bollinger Bands corresponding
to BB(20,1) is not a bad idea.If candles of both colours pierce the lower
band ,go long with stoploss of 20points.Similarly go short ,if candles of
both colours with good length pierce the top band.SMA-20 will be used
as guiding line.

 

[columbus]

EOD=14.11.11 ................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.

 

[columbus]

EOD=15.11.11 ................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.

 

[trade4joisar]

EOD=15.11.11 ................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.

Now what we expect if candle touches lower band, reversal ?

How strong ?

If we look @ August lower band touch, it was gone with the trend.

 

[columbus]

Now what we expect if candle touches lower band, reversal ?

How strong ?

If we look @ August lower band touch, it was gone with the trend.

Hi t4j,

Looks like a reversal? But a better picture will emerge in couple of days.