BollingerWorm !!!

[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 band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.

 

[timepass]

Columbus, when we look at the chart now, we see that the EMAs didn't cross the band at 14:20. But at the time, I swear I saw a crossover i.e. I saw the lower EMA going out of the band and re-entering. 3-4 bars later the picture was different. Very confusing.

 

[columbus]

Columbus, when we look at the chart now, we see that the EMAs didn't cross the band at 14:20. But at the time, I swear I saw a crossover i.e. I saw the lower EMA going out of the band and re-entering. 3-4 bars later the picture was different. Very confusing.

Hi timepass,

Yes indeed,one CANDLE moved out of the lower band at that time and
became a WICK as seen in the chart.In such cases ,if you have a SHORT
position ,COVER it when the candle is out of the lower band. More later.

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.

 

[columbus]

Today's chart stand out as another good example ,WHAT SHOULD WE DO
WHEN CANDLES MOVE OUT OF BANDS?.

The answer is simple, SQUARE-OFF YOUR POSITION.

 

[columbus]

3-4 bars later the picture was different. Very confusing.

On 3min Timeframe the picture was a bit different.I strongly recommand
both time frames (3 & 5).Since in this case ,EOD is fast approaching better
to square-off at 10~12 points, as shown below.

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.

 

[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 other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidence in normal case also.

Most of the action is confined to the time period 0915~1100.