BollingerBands

[columbus]

Hi Columbus,

Wish you a healthy and more wealthy year ahead and all of us are grateful for your superlative endeavour to share the "wealth" with all of us throughout last year.

May god bless you with endless prosperity.

Regards
Raghav

Hi Raghav,

Thank you.
I wish you A HEALTHY AND WEALTHY YEAR AHEAD.

 

[columbus]

i am not able to understand how does the increase in trading hours effect our time frame ? its always last N bars. we look back , not forward.

also i think the voumes will be less till 9:55 (becuase of traffic and old habbits)..

Hi bandlab2,

Earlier we had markets from 0955-1530 for a total of 335 minutes.
Now the market timings are revised from 0900-1530 for a total
of 390 minutes.

Earlier at 3min TF it yields to 112 ,at 4 min TF to 84 and at 5 min
TF to 67 samples approx.

Now the same worked out to 130,98,and 78 respectively.That means
additional samples of 18,14 and 11.

Yes we are concerned about last "n" samples ,but it is a good
idea to take into account all samples ,to judge RESISTANCE
and SUPPORT.

 

[columbus]

BB(20,2) of nifty futures on time frame 3,4,5,6min
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(ride) TOP/BOTTOM
bands.

The bottom of the pane presents the old TFs of 3 and 5min.
To keep the samples same ,the above has reworked out
to be 3.5 and 5.8 ( in other words 4 min and 6 min).The top
pane presents the same graph with same number of samples
with new time frames.

 

[columbus]

BB(20,2) of nifty futures on time frame 4,6min
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(ride) TOP/BOTTOM
bands.

 

[columbus]

On EOD basis we are almost at the top of the Band,
a little bit of caution is required when we go LONG.
The 50 DMA over a month frame is looking more or
HORIZONTAL.

 

[sibumajumdar]

On EOD basis we are almost at the top of the Band,
a little bit of caution is required when we go LONG.
The 50 DMA over a month frame is looking more or
HORIZONTAL.

Mr Columbus, Good morn & Happ New year. Regularly i visit ur thread & try 2 take adv during the day for my MNF trading. Its really really helpful for a per son like me who knows very little abt technicality. My request if possible plz add EOD cht regularly along with 4&6m min charats bcz i have no other access for the same. My strong feeling is that your eod cht will immensely help me to take positional decision. Now iam only a day trader with MNF & in absence of technical knowledge afraid to carry over. My PIB has but does not give EOD Bollinger Bands. One more difficulty iam facing. During the day PIB charts does not include previous data. Hence, i get Bollinger not before 80 min for 4 min which is reliable for trading. If u have any solution plz help me with. Hope iam not bothering U. Your suggestion/reply will help this person who is 59+ but spending almost 10 t0 12 hrs in studies of cap mkt. Besides yours i regularly visit threads of MR Savant & Linkon07 who is my neighbour. Iam extremely thankful both of them too. God Bless U & ALL.......with thanks........SLM

 

[columbus]

BB(20,2) of nifty futures on time frame 4,6min
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(ride) TOP/BOTTOM
bands.

 

[columbus]

Mr Columbus, Good morn & Happ New year. Regularly i visit ur thread & try 2 take adv during the day for my MNF trading. Its really really helpful for a per son like me who knows very little abt technicality. My request if possible plz add EOD cht regularly along with 4&6m min charats bcz i have no other access for the same. My strong feeling is that your eod cht will immensely help me to take positional decision. Now iam only a day trader with MNF & in absence of technical knowledge afraid to carry over. My PIB has but does not give EOD Bollinger Bands. One more difficulty iam facing. During the day PIB charts does not include previous data. Hence, i get Bollinger not before 80 min for 4 min which is reliable for trading. If u have any solution plz help me with. Hope iam not bothering U. Your suggestion/reply will help this person who is 59+ but spending almost 10 t0 12 hrs in studies of cap mkt. Besides yours i regularly visit threads of MR Savant & Linkon07 who is my neighbour. Iam extremely thankful both of them too. God Bless U & ALL.......with thanks........SLM

Hi sibumajumdar,

WISH YOU A HAPPY AND PROSPEROUS NEW YEAR.
Yes I am Planning to put chart of BB on EOD basis
on a weekly basis.
During the day PIB charts does not include previous data.
Hence, i get Bollinger not before 80 min for 4 min which is
reliable for trading. If u have any solution plz help me with.

Yes there is a solution by changing the time frame from 4ms
to 1ms.In that way you have to wait for just 20 minutes.
But Keeping 1ms for a longer time looks NOISY and if the
chart covers sufficient time ,revert to 4ms.


Besides yours i regularly visit threads of MR Savant
& Linkon07 who is my neighbour.
Few years back Savant used to update his half dozen
threads or more on regular basis.Perhaps in away he
motivated me to start this thread.I really appreciate his
service.Like a saying goes A CANDLE DOES NOT LOOSE
IT SHINE BY LIGHTING ANOTHER CANDLE.

 

[columbus]

BB(20,2) of nifty futures on time frame 4,6min
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(ride) TOP/BOTTOM
bands.

 

[kpmfazal]

Hi columbus,

You are really doing a great job, I am doing paper trading with your approach for 2 days and really I am happy about it. Attached you can find an image that i took from my Reliance Money SuperTrade Trading terminal.

From the image can you tell me is there any method to find that sudden divergence ?

Also let me know what i did is correct ?