BollingerBands

[columbus]

columbus..awesome efforts & consistency in your thread :clapping:

if you are into forex, what deviation would you suggest for bollinger bands particularly for forex

i mainly use 4 hrs tf or 1 hr tf at times

thanks
.

regards
rishi

Hi Rishi,

Thanks,though the idea of BB was borrowed from FOREX people
I have never traded in FOREX.Well over the years many people
made it suitable to Nifty Futures.

Consider the fact that Forex is open 24 hours and our NSE for 6.5
hours ,a factor of 4 (roughly ,15min-30 min) applicable.I think 15 min
is too small ,so better to stick to 30 min and 60 min.

 

[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.

Short covering was seen at the end of session.

 

[columbus]

Welcome back SAVANT GARDE.

 

[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]

Nifty chart of last 5 months with EOD: 26.3.10.

 

[columbus]

EMA crossover method has been used extensively for Long Term
view.But it can be used in conjunction with Bollinger Bands for
day trading also.

More details with chart will be presented in a couple of days.

 

[saivenkat]

EMA crossover method has been used extensively for Long Term
view.But it can be used in conjunction with Bollinger Bands for
day trading also.

More details with chart will be presented in a couple of days.

Columbus sir, great... you reflected what was running in my mind. Yesterday I thought of sending you a pm with this request, and also with various other doubts that linger in my mind regarding ONLINE TRADING..but i have not done, because i am yet to complete the list of my queries and doubts that are to be asked to you, and hence i am yet to PM you sir.

Waiting for your detailed post sir.

thanks and regards
Saivenkat.

 

[dhimanin]

EMA crossover method has been used extensively for Long Term
view.But it can be used in conjunction with Bollinger Bands for
day trading also.

More details with chart will be presented in a couple of days.

Good efforts Keep it up
:cheers:

 

[anandksn]

thank you
regards
anand karuparthi

 

[columbus]

EMA crossover method has been used extensively for Long Term
view.But it can be used in conjunction with Bollinger Bands for
day trading also.

EMA-3.....White colour EMA-15.........Blue colour.




There is a marked similarity between Bolliger Bands and EMA crossover.

If EMA-3 is over EMA-15 & closer to TOP band ,it indicates a bull market
and moves away from top band (Reversal), it signals the end of rally.

Similarly,if EMA-3 is down from EMA-15 & closer to BOTTOM band ,it indicates a bear market
and moves away from band (Reversal), it signals the end of rally.

In either case if EMA-3 moves in tendem with band ,it indicates a STRONG rally.

If EMA-3 and EMA-15 move closely and the Band is narrow ,it is better to
keep away from market for time being as it indicates INACTIVENESS.

Thanks to TRADEWITHHUNTER.