BollingerBands

[kpmfazal]

Hi Columbus can you explain me about those Danger Zones in your 1 page ?

Thanks.

 

[Raghavacc]

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.

Hi Columbus ,

Small query,

When we say piercing , is it mandatory that band pierce the body of the candle? I mean would it suffice if the band pierces the tail?

Regards
Raghav

 

[columbus]

Hi Columbus ,

Small query,

When we say piercing , is it mandatory that band pierce the body of the candle? I mean would it suffice if the band pierces the tail?

Regards
Raghav

Hi Raghav,

Since TAIL is a part of the candle,not only we look for
SOLID portion but also TAIL.

 

[columbus]

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 ?

Hi kpmfazal,
Thank you.

What you have done is a correct thing.I hope you went
LONG at the position mentioned by you, but it went against
you.That is why a stoploss was introduced at the central line.

As you have observed virtually no candles at the top band, that
means the market was falling.YES, during LIVE market session it
is not possible to guess.A day trader should have tonnes of patience
and look for opportunity.

Small suggestion ,try to cut the graph by 50% in x-direction,
if your software allows so that candles look side by side tightly.

 

[columbus]

Hi Columbus can you explain me about those Danger Zones in your 1 page ?

Thanks.

Hi Fazal,

As rightly pointed out by Savant somewhere else,
" ...to me the danger zones appear to me as opportunities..."
Yes,in that zones one can EXIT the position and re-enter.

 

[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]

BB(20,2) chart of Nifty for last few months ending with
08.1.10 is presented below.

 

[kpmfazal]

Hi Columbus,

Would you explain me what does this means ?

"Please continue with TREND if candles graze(ride) TOP/BOTTOM"

Fazal

 

[columbus]

Hi Columbus,

Would you explain me what does this means ?

"Please continue with TREND if candles graze(ride) TOP/BOTTOM"

Fazal

Hi Fazal,

On TOP band if a GREEN+RED candles appear it indicates
REVERSAL in most cases, if GREEN+GREEN candles appear
(Grazing) better to continue with the trend.I have given example
in case of LONG.With appropriate changes it hold good for SHORT
also.Regarding examples,I have mentioned it in many places.

 

[columbus]

The one thing that surprised me a lot is the difference
between HIGH and LOW of Minifty,which is more than
900 points and today happens to be Saturday.
It appears FALSE.