BollingerBands

[kainiteh]

Hi kainiteh.

Initially try with higher time frames. say 5,10 or 15 min. charts.

And if you can afford, try two lots. Exit 1 position at central line and trail the second.

sorry for the intrusion.

cheers.

Thanks for your direction!
you are not intruding,really you
are helping me and i have learned from
your replies about stop loss!

Still i am student and learning only
from you,columbus and all in this forum!
Thanks to you,columbus and forum traderji! :thumb: :clapping:

 

[columbus]

@ above
Hi,
Thank you very much and its very good and perfect
explanation for my query.
so i do consider middle band for exit or trailing loss.



if i follow this rules,
i may exit 3 and 4 with gain

still 5th trade is losing or no gain trade!


Thank you very much,right now i am learning high probability trading method.
so i am going to trade with only two thing, Bollinger Band and My setup

This reply really help me to understand BB better than ever!

Hi Kainiteh,

Well said Prasadam.Yes BB with higher time frames like 5 or 10
minutes will definitely help.Beyond these ,the Bands are not
formed sufficiently enough (BB with 3 min starts forming bands
at 10.55).

Coming to your particular case if you see the candles ,they were
predominantly in top band (from 12.30 to 3.00) .Hence a Long
trade should be initiated in this period,if at all a short is initiated
then one should exit with minor gains.

Yes trade.5 was a bit minor failure.

 

[kainiteh]

Hi Kainiteh,

Well said Prasadam.Yes BB with higher time frames like 5 or 10
minutes will definitely help.Beyond these ,the Bands are not
formed sufficiently enough (BB with 3 min starts forming bands
at 10.55).

Coming to your particular case if you see the candles ,they were
predominantly in top band (from 12.30 to 3.00) .Hence a Long
trade should be initiated in this period,if at all a short is initiated
then one should exit with minor gains.

Yes trade.5 was a bit minor failure.

now things are getting clear!
i am using Investbulls RT chart for intraday.......
(if i followed 5 min TF in my trade terminal,
then it will take 100 minutes
so BB start to show its band only around 11:40 AM)

shall i use IB RT chart for BB?

 

[columbus]

Still i am student and learning only
from you,columbus and all in this forum!
Thanks to you,columbus and forum traderji! :thumb: :clapping:

When we started this thread somewhere in Mar'09
Prasadam,Kamalesh,Savant and many other were
active.I still consider a student and by educating
others ,I am educating myself.

 

[prasadam]

Hi Kainiteh.

Is it so in paid service also? or you are talking about the free charts of Investbulls?

now things are getting clear!
i am using Investbulls RT chart for intraday.......
(if i followed 5 min TF in my trade terminal,
then it will take 100 minutes
so BB start to show its band only around 11:40 AM)

shall i use IB RT chart for BB?

 

[SavantGarde]

IMPORTANT NOTE: UPPER BB PIERCING

a) If Upper BB Is Pierced Followed By Another Green Candle

b) If The Candle Has No Lower Wick Or Negligible Lower Wick Then It's A Strong Uptrend & Possibly A Breakout Depending On How Many Candles That Follow After The Initial Piercing Obey The Rule Contained Herein [b)].

c) In Addition, Above Applies To Green Candles Only & Such Candles Will Have Much Bigger Upper Wick Because Of The Upthrust Or Strong Upward Momentum.

d) If The Lower Wick Increases In Size To The Upper Wick, Then It's A Definite Sign Of The Momentum Fading & Much Better To Exit Long Position On Such A Candle.

Happy & Safer Trading

SavantGarde

 

[kainiteh]

Hi Kainiteh.

Is it so in paid service also? or you are talking about the free charts of Investbulls?

sorry for not mentioning it!

it is paid service using for intraday!

 

[kainiteh]

When we started this thread somewhere in Mar'09
Prasadam,Kamalesh,Savant and many other were
active.I still consider a student and by educating
others ,I am educating myself.

thanks and it is words of wisdom :thumb:

 

[prasadam]

Then I would suggest you to try iCharts. There you can have three days charts, so that, you can view BBs from the first ( 10AM) candle itself.
This is the position upto June 2009. I am not sure of present status. Please check up before you jump. You can register yourself there for free.

BTW, the service is a bit costly. Rs. 650/- per month for F&O and cash charts.

cheers.

sorry for not mentioning it!

it is paid service using for intraday!

 

[bloodmoney]

Columbus,

Well said Prasadam.Yes BB with higher time frames like 5 or 10
minutes will definitely help.Beyond these ,the Bands are not
formed sufficiently enough (BB with 3 min starts forming bands
at 10.55).

From your charts, I guess you are using sharekhan's TT. In this case you can use the 3 or 5 day chart for backfilling and you will get the BB right from the first tick for any time frame. Jus try it out..