BollingerBands

[sana]

BB(20,2) of nifty futures on time frame 3min-5min
are presented below.

Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band

Please continue with TREND if candles graze TOP/BOTTOM
bands.

Another DULL day.

Hi Columbus,
For Long, we should enter the trade above the high of prev. green candle,
For Short, low of prev. red candle or there shuold be some margin of points.
Kindly explain.

Thanks.

 

[prasadam]

Hi columbus,


My observation is that paraSAR lags BB piercing atleast by two bars.:thumb:

cheers.

Hi Murtaza,

On that particular day I was a bit BEARISH on marketsThat was
main reason why my trades were bearish on that day.Generally
I take both trades.But the trade at 1310 at Lower Right was a great
and Fruitful LONG trades.But I was away from market.
No regrets.

I use Tradetiger, and it has no capability to draw PARABOLIC SAR.

 

[columbus]

Hi columbus,


My observation is that paraSAR lags BB piercing atleast by two bars.:thumb:

cheers.

Hi prasadam,

I think SM was meaning just SAR ,i hope not parabolic SAR.
(on second thoughts)Thanks for the information.

 

[columbus]

Hi Columbus,
For Long, we should enter the trade above the high of prev. green candle,
For Short, low of prev. red candle or there shuold be some margin of points.
Kindly explain.

Thanks.

Hi Sana,

That is true.To play in 2 opposite directions immediately

"For Long, we should enter the trade above the high of prev. green candle,
For Short, low of prev. red candle or there shuold be some margin of points"

But always it may not work well.

 

[prasadam]

Hi columbus.

yeah. I saw his post. That's why quoted your post and not SM's post.:lol:

Hi prasadam,

I think SM was meaning just SAR ,i hope not parabolic SAR.
(on second thoughts)Thanks for the information.

 

[columbus]

BB(20,2) of nifty futures on time frame 3min-5min
are presented below.

Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band

Please continue with TREND if candles graze TOP/BOTTOM
bands.

What a FALL at the end? 25-point fall.Funny enough
I think it was 60% fall ,if mathematics are correct.

 

[columbus]

BB(20,2) of nifty futures on time frame 3min-5min
are presented below.

Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band

Please continue with TREND if candles graze TOP/BOTTOM
bands.

It moved in one direction upto 12 o'clock and in
opposite later on.

 

[shripadk]

Please continue with TREND if candles graze TOP/BOTTOM
bands.
"Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band"

Hi columbus
Do you mean when candles are grazing TOP bands one should not go short green red candle pierce the Top band?
Thanks
Regards
Shripad

 

[columbus]

Please continue with TREND if candles graze TOP/BOTTOM
bands.
"Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band"

Hi columbus
Do you mean when candles are grazing TOP bands one should not go short green red candle pierce the Top band?
Thanks
Regards
Shripad

Hi Shripad,
Yes ,you are exactly correct.
Generally you see MOSTLY green candles grazing TOP
band in case of BULL market and see RED candles mostly
grazing Bottom band in case of bear market.

 

[columbus]

BB(20,2) of nifty futures on time frame 3min-5min
are presented below.

Go long when Red,Green candles pierce the bottom band,
Go short when Green,Red candles pierce the top band

Please continue with TREND if candles graze TOP/BOTTOM
bands.

We have not seen this kind of concentration candles in
only one band recently.We saw candles in TOP
band for few minutes at around 1305hrs.