BollingerBands

[columbus]

thanks columbus for the explanation, but still i am confused. i only understood entry 1 and exit1 as per yr chart. as per savant, sl would have hit the next candle after entry (i understood yr 14 point rule). whats exit 1 and 2 ? do we exit 50% on exit1 and remaining on 2 ? sl should never come after exit. sl immedietely after entry is the initail sl. clear. whats next sl ? u mean trailing sl ? if thats the case 12:45 candle would have been sl as it closes below 2 consequitive red bars

Yes.Exit.1 means 50% of your holding and Exit.2 means other 50%
also.

A red candle after green candle on TOP band indicates weakness
and 2nd red candle confirms the trend or bearishness ,so total
exit.

Generally or Ideally stoploss should between top band and central
band.But a trailing stoploss of 14 points is good idea.Stoploss should
not be a less figure ,otherwise it will be hit invariably.

12:45 candle has just kissed the central line ,we are talking about
top line.

 

[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.

 

[prasadam]

Then how come the bands show up at 11.40 AM?

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?

Investbulls too providing same features,
data of last three days!

they are charging around 350 rupees for
one month subscription for cash and Future!
only difference is IB symbol /scrips & Future are limited

still it is enough for nifty and minifty!
so only preferred i have that!

 

[SREENAN]

I have just subscribed for Icharts RT..want to get a good quantity of 5min charts ..to do back testing....How is it possible please advice
Sreenan

 

[bandlab2]

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.

columbas ji. the charts are tiny, hardly visible. whats the diff between 2 ? also if u can put the actual trade values (entry, exit values) then it makes more sense to read the charts better. appreciate yr daily updates

 

[kainiteh]

Then how come the bands show up at 11.40 AM?

sorry for confusing you!

yes i get BB on Investbulls RT chart right from first tick of market!

But in indiainfoline trade terminal chart 3 min BB starts only on 11:00 am!

As a beginner, shall i start to take a position at 11:00 am or 10:00 am?
if 11:00 am then i will go with Indiainfoline chart else if it is 10:00 am
then i use Investbull RT chart!

please direct me on this!

 

[Mangafreakz]

@Bandlab2
The difference between the 2 charts is that they are of 2 different timeframes , 3 min and 5 min respectively.

 

[columbus]

Nishikant ,welcome back !!!

 

[columbus]

sorry for confusing you!

yes i get BB on Investbulls RT chart right from first tick of market!

But in indiainfoline trade terminal chart 3 min BB starts only on 11:00 am!

As a beginner, shall i start to take a position at 11:00 am or 10:00 am?
if 11:00 am then i will go with Indiainfoline chart else if it is 10:00 am
then i use Investbull RT chart!

please direct me on this!

Originally Posted by kainiteh
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?
======================================
Hi kainiteh,

I will take the question instead of Prasadam.
As per definition of BB-20 atleast 20 samples
are to be passed for appearence of BANDS.
In case of 3-min sample 3*20=60min be passed
for appearance of Bands (9.55+1=10.55AM).
In case of 5-min candles, 5*20=100min=1hr40min
(9.55+1.40=11.35).
Generally I prefer after 10.15 to take first entry.
There is no hard and fast rule for this.

 

[kainiteh]

Originally Posted by kainiteh
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?
======================================
Hi kainiteh,

I will take the question instead of Prasadam.
As per definition of BB-20 atleast 20 samples
are to be passed for appearence of BANDS.
In case of 3-min sample 3*20=60min be passed
for appearance of Bands (9.55+1=10.55AM).
In case of 5-min candles, 5*20=100min=1hr40min
(9.55+1.40=11.35).
Generally I prefer after 10.15 to take first entry.
There is no hard and fast rule for this.

Thanks,i have note down all the point in this thread,
today i'm going to take position in cash market with
BollingerBand!

Thanks again!:thumb: