BollingerWorm !!!

[columbus]

By sticking to today's values, BB on 5min TF will start appearing at
around 11AM.That means 1/3 rd of the total time is lost.Previously
I was not in favour of 3-Day graph (TT),now I observed that there is
nothing wrong in borrowing values of previous day,strictly following
Point.6.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]


After 11.30 ,better to stick to today's value (1D-in tradetiger).This way
the effect of previous days will not have any bearing on the intraday
values.

 

[columbus]

Hi Timepass,

At present I am working on Options.Yesterday we were almost ,on the TOP
Bollinger Band.So ,I took some PE options in closing moments.In case ,had
Markets moved up,I thought of buying some Shares, but today we faced
some technical problem with Zerodha.Some market watches did not show up.

Since the range involved in case of Option is rather low and the quantity taken
by me also is LOW,I did not place any SL.My options is POSITIONAL in nature.

Basically BW is intraday method.

I have closed all PE positions.

 

[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 guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

In the morning ,the markets were in bad shape after Infosys's bad results.
To this added was poor IIP figures of MAY.The problem was further aggravated
by poor opening by European markets.

 

[timepass]

I have closed all PE positions.

Goodness !!! Why ? Are you following bollingerworm in NF Daily? The EMA(3,high) is still between BB(20,2) and BB(20,1) on daily, while EMA(3, Low) is near 20MA.

 

[nazimrushda]

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 guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

In the morning ,the markets were in bad shape after Infosys's bad results.
To this added was poor IIP figures of MAY.The problem was further aggravated
by poor opening by European markets.

Hi columbus ,
how much time frame to enter after both ema crose bb (2.1) in 5min bar size

 

[columbus]

Hi columbus ,
how much time frame to enter after both ema crose bb (2.1) in 5min bar size

The Signal at 1400hrs on 3-min TF will certainly see the EMA-2H on the
Bollinger Band.Do you say ,3 min is GOOD.But the problem with 3 min TF
is ,it will give so many WHIPSAWS. So after 1300 hrs ,I will never
go by 3-min TF. I will keep both 3-min and 5-min side by side to wait for
opportunities.

 

[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 guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

 

[columbus]

Goodness !!! Why ? Are you following bollingerworm in NF Daily? The EMA(3,high) is still between BB(20,2) and BB(20,1) on daily, while EMA(3, Low) is near 20MA.

Sorry,I have missed your yesterday's query.I am not applying BW to Nifty Fut on
EOD basis.On EOD basis ,I have kept SMA-20 as my First target and B.Bands as
my Second target.Yesterday ,just we crossed SMA-20.

 

[nazimrushda]

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 guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

Hi Columbus ,

Should we wait for both ema to cross BB (20,1) or BW comes out of band that in today's case in 10:30 or 11:00 AM . Sorry if asking somthing wrong .
something thanks in advance

 

[kumar_b_s_99]

I planning to trade intraday trading as follows:

Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only. Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.

Seniors pls advice,

Hi Columbus ,

Should we wait for both ema to cross BB (20,1) or BW comes out of band that in today's case in 10:30 or 11:00 AM . Sorry if asking somthing wrong .
something thanks in advance