BollingerBands
- Thread starter columbus
- Start date
Hi Raghav,
Thanks for your charts.I am producing a part of your chart.
At 5230 the stochastics is almost ZERO but at around 20
it was 5208.
Looking forward your GOLD charts/Trades.
Thanks for your charts.I am producing a part of your chart.
At 5230 the stochastics is almost ZERO but at around 20
it was 5208.
Looking forward your GOLD charts/Trades.
Hi Columbus
I got your point .The rule that if Stoch stays in OS Zon for more than 5 bars its an indication that selling has not yet dissipated. Thats one of the great observation by ST Bro which works really well.
Regards
Raghav
Hi Columbus,
The gold chart is attached below. Using 10 Min TF which seems to work better compared to 15 Min TF.
Also what you told about 9,2 is absolutely right. It generates too many trades.
Hence put 20 ,2 and seems to work well.
Here You may ask why I have not gone long as soon as Stoch raised above OS zone. This is because I need confirmation from both Stoch and BB which happenned at B1 area.
The S2 was a big trade .
Regards
Raghav
The gold chart is attached below. Using 10 Min TF which seems to work better compared to 15 Min TF.
Also what you told about 9,2 is absolutely right. It generates too many trades.
Hence put 20 ,2 and seems to work well.
Here You may ask why I have not gone long as soon as Stoch raised above OS zone. This is because I need confirmation from both Stoch and BB which happenned at B1 area.
The S2 was a big trade .
Regards
Raghav
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.
Just like Yesterday ,most of the heavy weights except Infosys and
to some extent Reliance were down but eventually Nifty gained
at the end.I think Infosys gained smartly at the end and other heavies
trimmed the losses at the end.
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.
Just like Yesterday ,most of the heavy weights except Infosys and
to some extent Reliance were down but eventually Nifty gained
at the end.I think Infosys gained smartly at the end and other heavies
trimmed the losses at the end.
Today also it was a perfect setup for home runs.
Just needed to switch off mind ( And TV!!!) for 6.5 hours and do what it told. Doesn't that mean we can use this system for both trending and rangebound markets?.
PS: I will not be able to post gold charts for next 2 days I will be out on personal work.Will post the same once I comeback.
Regards
Raghav
Just needed to switch off mind ( And TV!!!) for 6.5 hours and do what it told. Doesn't that mean we can use this system for both trending and rangebound markets?.
PS: I will not be able to post gold charts for next 2 days I will be out on personal work.Will post the same once I comeback.
Regards
Raghav
Last edited:
Today also it was a perfect setup for home runs.
Just needed to switch off mind ( And TV!!!) for 6.5 hours and do what it told. Doesn't that mean we can use this system for both trending and rangebound markets?.
PS: I will not be able to post gold charts for next 2 days I will be out on personal work.Will post the same once I comeback.
Regards
Raghav
Just needed to switch off mind ( And TV!!!) for 6.5 hours and do what it told. Doesn't that mean we can use this system for both trending and rangebound markets?.
PS: I will not be able to post gold charts for next 2 days I will be out on personal work.Will post the same once I comeback.
Regards
Raghav
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.
Really Range bound market today and entire day's Nifty Future is
confined to 31 points.
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.
Really Range bound market today and entire day's Nifty Future is
confined to 31 points.
Last edited:
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.
The range was even horrible than Yesterday's.Just 26 points.
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 range was even horrible than Yesterday's.Just 26 points.
Hi Columbus,
You have of late shifted to 4/6 min TF from the earlier values of 3/5 min TF. And the range of the markets is now-a-days lower. With narrower ranges of nifty, higher TF only may give lower & upper BB limits crossing. Is this the reason for going for the increased TF?
And by the way, nifty is going into NR (narrow range)..
Does it mean that a big moment (UP or DOWN) is ahead?
Thanks for all your contribution, which makes great sense. After some loss, I came out of Index trading. May be someday, I may resume with your BB method.
murthymsr
You have of late shifted to 4/6 min TF from the earlier values of 3/5 min TF. And the range of the markets is now-a-days lower. With narrower ranges of nifty, higher TF only may give lower & upper BB limits crossing. Is this the reason for going for the increased TF?
And by the way, nifty is going into NR (narrow range)..
Does it mean that a big moment (UP or DOWN) is ahead?
Thanks for all your contribution, which makes great sense. After some loss, I came out of Index trading. May be someday, I may resume with your BB method.
murthymsr
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