BollingerBands

[columbus]

Bollinger Bands of Nifty of last 5months with EOD: 12.3.10

 

[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 and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss

Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss

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

Once again ATR turned too low.

 

[scplindia]

please advise the diff between left & right chart, kindly explain, as they are both BB charts, but look different.
thanks in advance.

 

[mayavi99]

please advise the diff between left & right chart, kindly explain, as they are both BB charts, but look different.
thanks in advance.

The left one is a 3 minute time frame chart and the right one is a 5 minute TF chart. If you go through the discussions in this thread from the beginning, you will understand the ideas behind projecting the BB under two different time frames.

 

[columbus]

The left one is a 3 minute time frame chart and the right one is a 5 minute TF chart. If you go through the discussions in this thread from the beginning, you will understand the ideas behind projecting the BB under two different time frames.

please advise the diff between left & right chart, kindly explain, as they are both BB charts, but look different.
thanks in advance.

As rightly said ,the only difference is Time frames.

One is in 4 min and other is in 6 min.The same thing I mention in first
line of each post.

 

[scplindia]

I was looking at BB(9,2) and BB(20,2),

9,2 give too many signals and we can go wrong, whereas 20,2 gives far less signals and are more or less correct and easy, I am right or is it just one of chart experience.

 

[columbus]

I was looking at BB(9,2) and BB(20,2),

9,2 give too many signals and we can go wrong, whereas 20,2 gives far less signals and are more or less correct and easy, I am right or is it just one of chart experience.

BB(9,2) is quite narrow ,and the chances of touching top/bottom bands
is quite high, you can use it for SCALPING and looking for just 10 points.

On the other hand BB(20,2) is quite broad and you look for 20+ points
easily.

BB(20,2) on 6 min time frame is broader than BB(20,2) on 4 min TF.

 

[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 and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss

Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss

Otherwise 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 and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss

Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss

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

 

[praveen taneja]

BB(20,2) of nifty futures on time frame 4,6min are presented below.

Go long when Red+Green candles pierce the bottom band and wait for 15minutes
for confirmation after taking position, otherwise come out with stoploss

Go short when Green+Red candles pierce the top band and wait for 15minutes
for confirmation after taking position , otherwise come out with stoploss

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

Bro any suggestion for people like me who dont see chat as I am looking to short around 5275 like i entered at 5271 and covered 5245 today as it was not breaking