BollingerBands

[SavantGarde]

Hi MurthyMSR,

Notice From The Chart Attached Below...How The BB Has Contracted...Therefore, NF Has To Do Move Big On Either Side For The Bands To Expand...Whereby We Will Have A Bigger Range Going Forward.

Happy & Safer Trading

SavantGarde

 

[columbus]

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

Hi Murthy,

With recent change in timings of additional 55 minutes ,I changed
the tf to 4/6.In fact I wanted to change to 4/5 min but a boarder
pointed out that they are quite close,So I changed it to 4/6 tf.

Unfortunately we are going through this NR for last few days or
weeks (graph attached),I think we are going to see a big movement
in either direction as pointed out by Savant.

The gainers and losers are taken from the thread "Weekly-round up".


Please explain what is mean by I came out of Index trading ?

 

[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) 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.

A small ,but insignificant ,change is introduced.The central white line is
replaced with Blue (bullish) and Red (bearish) line is introduced.

 

[subratdas]

Dear Columbus,
In the chart above , the candles have pierced the BB 3-4 times before the trend have actually changed .Hence, It is difficult to know when to go long / short.
Can we have a strategy so as to exactly know when the trend is going to change?

Thanx

 

[columbus]

Dear Columbus,
In the chart above , the candles have pierced the BB 3-4 times before the trend have actually changed .Hence, It is difficult to know when to go long / short.
Can we have a strategy so as to exactly know when the trend is going to change?

Thanx

Dear Subratdas,

If the candles are predominantly in GREEN ,continue with the
trend ,

1.Please continue with TREND if candles graze(ride) TOP/BOTTOM
bands..

2.Otherwise ,you can add these 3-4 positions as ADD for
shorting.But it is preferable to stick to case.1.

 

[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) 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.

Did not expect Nifty go so badly?

 

[columbus]

Nifty of last 3 months or so.

 

[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.