BollingerBands

[timepass]

...and a very happy weekend to you too :cheers:

 

[trade4joisar]

Hello Columbus,

As per your past experience, what you say about 20 SMA staying white for how many sessions & how band will show some sign of reversal ?

 

[columbus]

Hello Columbus,

As per your past experience, what you say about 20 SMA staying white for how many sessions & how band will show some sign of reversal ?

Hi trade4joisar,

As long as Bars have not crossed 10-EMA ,ride the trend. Difficult to say
how long SMA-20 remains ,White.

3 days back, there were signs of reversal.But proved it ,as a false signal.

 

[trade4joisar]

Hi trade4joisar,

As long as Bars have not crossed 10-EMA ,ride the trend. Difficult to say
how long SMA-20 remains ,White.

3 days back, there were signs of reversal.But proved it ,as a false signal.

Which signal you are talking about ?

 

[columbus]

Which signal you are talking about ?

Hi T4J,

Click this chart, to go to 3 days back picture,was you sensing some reversal?
(Just visual appearance)

http://www.traderji.com/day-trading/27421-bollingerbands.html#post645976

 

[columbus]

EOD=21.2.12 ................7-month NIFTY-Spot 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=22.2.12 ................7-month NIFTY-Spot 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=23.2.12 ................7-month NIFTY-Spot 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=24.2.12 ................7-month NIFTY-Spot 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=24.2.12 ................7-month NIFTY-Spot 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.

As 10 EMA crossed, so now 1st target will be middle band and by the time 20 SMA should be white else we can hold the trade for target of bottom ?