BollingerWorm !!!

[sana]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other colour and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).

Hi Colombus,
I'm using Ventura software.How to get ema2-High & ema2-Low on ventura charts?

Regards.

 

[manoharpillai]

It could be more useful for many if the technicals explained are given with the numerical's for those who can't read the chart

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other colour and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).

Hi Colombus,
I'm using Ventura software.How to get ema2-High & ema2-Low on ventura charts?

Regards.

Hi sana,

The best person to be asked the question is VENDOR itself.So please get
in touch with Ventura's Customer Care.

 

[columbus]

It could be more useful for many if the technicals explained are given with the numerical's for those who can't read the chart

Hi Manohar,

A picture expresses more than words.

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other colour and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).

A HIGH was clearly seen ,today.

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the band,of the other colour and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1).

The high volatility is seen in closing session ,with bulging
of bands.

 

[timepass]

Dear Columbus, I admired this thread and your tutorials in Bollingerworm. I even tried my hand at it today. Looking at your today's chart, the way I interpret it, there are 3 sell signals, how did you trade it today? Is my interpretation right?

 

[columbus]

Dear Columbus, I admired this thread and your tutorials in Bollingerworm. I even tried my hand at it today. Looking at your today's chart, the way I interpret it, there are 3 sell signals, how did you trade it today? Is my interpretation right?

Dear timepass,
Thank you.I am attaching self-explanatory chart.

Dots:Scalping technique
Text:Intraday.

Though on EOD it may look easy, with LIVE chart it be difficult as mentioned on earlier occassions.

 

[timepass]

Dear timepass,
Thank you.I am attaching self-explanatory chart.
Dots:Scalping technique
Text:Intraday.

Though on EOD it may look easy, with LIVE chart it be difficult as mentioned on earlier occassions.

Oh.. sell 1,2,3 when the crossover takes place.. maybe eod... or book partial profits @green dots..

 

[columbus]

Oh.. sell 1,2,3 when the crossover takes place.. maybe eod... or book partial profits @green dots..

If the body goes out and comes in ,take either position / exit your position
based on the colour of Band.One more thing ,locate "V" shapes and inverted
"v" shapes.