BollingerWorm !!!

[timepass]

So, the worm may be used effectively for scrips :
a) which move in tandem with NF,
b) but move 2-3 points to every point move in NF,
c) and/or attract less expenses (i.e. taxes)


go figure

Hi timepass,

I agree with you 100%.
Today NF moved by 70 points (5415 to 5485) in first hour ,but range-bound
in 20 points in next 5.5 hours.
It was not showing any weakness,so not even the last moment correction.

 

[columbus]

So, the worm may be used effectively for scrips :
a) which move in tandem with NF,
b) but move 2-3 points to every point move in NF,
c) and/or attract less expenses (i.e. taxes)


go figure

Do not wait for selected scrips to cross the bands,but choose the already
crossed scrips as your selected scrips.

 

[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).

(Some data missing between 1200~1500)


Today ,we saw 42 points as ATR(High-Low).50% of these gain came in
last one hour and the rest came upto 2.30PM.This opposite what we
saw yesterday.

 

[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).

Data feed problem between 1300~1400Hrs.
At 1400 hrs in fact,the whole body came out of GREEN boundary ,yet the
market went on UPwards.

 

[kittty]

 

[columbus]

The daily chart using TradeTiger.2 is plotted below.

I will post about TT.2 in next few hours,in relevant thread.

 

[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).

 

[kittty]

WoWW!!!!!!!

 

[timepass]

Yeah.. wow is right.. But today was a day of clear signals. Friday was a trap, with no sell signals generated. There must be some other way of confirming the worm signals. Columbus, how does one define a stop loss with the worm ?

Another thing, I am just giving it a try, but I think that using the 5-min worm in conjunction with a 3 min worm may work better. Having two charts open is no problem. But the 3 min worm may give you an advance indication of how the things are going to turn out.

See, the problem is that during the session the worm keeps on changing shapes. The things look so cut and dry on EOD charts.

 

[columbus]

Yeah.. wow is right.. But today was a day of clear signals. Friday was a trap, with no sell signals generated. There must be some other way of confirming the worm signals. Columbus, how does one define a stop loss with the worm ?

Another thing, I am just giving it a try, but I think that using the 5-min worm in conjunction with a 3 min worm may work better. Having two charts open is no problem. But the 3 min worm may give you an advance indication of how the things are going to turn out.

See, the problem is that during the session the worm keeps on changing shapes. The things look so cut and dry on EOD charts.

Hi timepass,

I use mental stoploss of 15 points.

Yes ,you are correct,from today onwards ,I am using these timeframes.
10.00~12.00.....3min
12.00~14.00.....4min
14.00 onwards....5min.
In case of 3 min TF ,you lose 3 minutes ,but in case of 5min candles you
lose 5 minutes.

Only the FACE of worm (latest candle) changes in the day ,but the body
keeps intact.