BollingerWorm !!!

Do you feel BolligerWorm better than BollingerBand?

  • YES

    Votes: 73 70.2%

  • NO

    Votes: 31 29.8%
  • Total voters
    104
columbus

columbus

Well-Known Member
#791
#791
rrd6f4 said:
Columbus,

So if i am understanding correctly, if the trend is down then you should not buy even if the worm body enters the band. This then contradicts rule 3. Also in post 4, third white spot suggests buying in downtrending market. I guess this has become lot confusing. I am still in dilemma about when to buy and when to sell. My understanding is if worm body crosses lower band then buy and vice versa.

Thanks,

Rahul
Click to expand...
Rahul,

Your confusion is understandable.I used to get losses like your's in early days.
This was modified a couple of times.Losses were minimised to great extent, by having another Bollinger Band BB(20,1).Follow the latest file.

So if i am understanding correctly, if the trend is down then you should not buy even if the worm body enters the band. This then contradicts rule 3.

Rule.3 says MAKE AN ENTRY but not MAKE A BUY.

Also in post 4, third white spot suggests buying in downtrending market.
Each day have a unique pattern.We can frame rules ,after studying the method for many days.

I guess this has become lot confusing.
Just follow the latest rules, there will not be any confusion.

I am still in dilemma about when to buy and when to sell. My understanding is if worm body crosses lower band then buy and vice versa.

Generally Bollinger Bands are seen Top Band as RESISTANCE and Bottom Band as SUPPORT.Bollinger Band BB(20,1) helps a lot in our decision making.
 
columbus

columbus

Well-Known Member
#792
#792
1.Use standard Bollinger Bands ,that is, bb(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 OUTER of BB(20,1) and INNER band
BB(20,2) then ride the trend .

7.If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 in quick succession ,it indicates a END of a trend.

8.Continuation is indicated if both ema-2H and ema-2L are cut by SMA-20
and/or BB(20,1) and/or BB(20,2).

9.If the trade goes against you and if the divisions on Y-axis is not more
than 10,in that case you can add ONE or TWO trades,atleast 5 points apart.
(Or as per the volatility on that day)

 
columbus

columbus

Well-Known Member
#793
#793
1.Use standard Bollinger Bands ,that is, bb(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 OUTER of BB(20,1) and INNER band
BB(20,2) then ride the trend .

7.If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 in quick succession ,it indicates a END of a trend.

8.Continuation is indicated if both ema-2H and ema-2L are cut by SMA-20
and/or BB(20,1) and/or BB(20,2).

9.If the trade goes against you and if the divisions on Y-axis is not more
than 10,in that case you can add ONE or TWO trades,atleast 5 points apart.
(Or as per the volatility on that day)

 
columbus

columbus

Well-Known Member
#794
#794
1.Use standard Bollinger Bands ,that is, bb(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 OUTER of BB(20,1) and INNER band
BB(20,2) then ride the trend .

7.If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 in quick succession ,it indicates a END of a trend.

8.Continuation is indicated if both ema-2H and ema-2L are cut by SMA-20
and/or BB(20,1) and/or BB(20,2).

9.If the trade goes against you and if the divisions on Y-axis is not more
than 10,in that case you can add ONE or TWO trades,atleast 5 points apart.
(Or as per the volatility on that day)

 
columbus

columbus

Well-Known Member
#796
#796
Basically ,Booking profit, is based on 2 things.

1.Risk appetite
2.Time left for closer of market.

 
Last edited:
columbus

columbus

Well-Known Member
#797
#797
piyush.arora90 said:
what is "ema2-high"? how do we plot it?
Click to expand...
EMA-2 is generally ema2-close.It is so famous that ,we drop the term CLOSE.
Similarly we have HIGH and LOW.HIGH means it takes into account all candles'
HIGH.Similarly LOWs.Some trading platforms do not support this.
 
R

rrd6f4

New Member
#798
#798
Thanks Columbus,

I appreciate your patience for answering my questions. To be very honest i still have not understand your method. I will ask my questions again.

You said "Rule.3 says MAKE AN ENTRY but not MAKE A BUY."...What does this mean? if worm is entering the band from below, it is a buy signal. ur rule says make an entry...I am assuming it means buy entry.......

Rule 6 says "6.If candles are sandwiched between OUTER of BB(20,1) and INNER band BB(20,2) then ride the trend ." - I dont understand this rule. I will be always in opposite order, so do you mean reverse the position and ride the trend?

I am sorry for taking so much of your time. I truly believe this method as potential and I am just trying to use it your way. It will be very nice if you could explain some extreme examples with exact entries and exits whenever you get time.

Thanks

Rahul
 
columbus

columbus

Well-Known Member
#799
#799
rrd6f4 said:
Thanks Columbus,

I appreciate your patience for answering my questions. To be very honest i still have not understand your method. I will ask my questions again.

You said "Rule.3 says MAKE AN ENTRY but not MAKE A BUY."...What does this mean? if worm is entering the band from below, it is a buy signal. ur rule says make an entry...I am assuming it means buy entry.......

Rule 6 says "If candles are sandwiched between OUTER of BB(20,1) and INNER band BB(20,2) then ride the trend ." - I dont understand this rule. I will be always in opposite order, so do you mean reverse the position and ride the trend?

I am sorry for taking so much of your time. I truly believe this method as potential and I am just trying to use it your way. It will be very nice if you could explain some extreme examples with exact entries and exits whenever you get time.

Thanks

Rahul
Click to expand...

Hi rrd6f4,



 
columbus

columbus

Well-Known Member
#800
#800
1.Use standard Bollinger Bands ,that is, bb(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 OUTER of BB(20,1) and INNER band
BB(20,2) then ride the trend .

7.If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 in quick succession ,it indicates a END of a trend.

8.Continuation is indicated if both ema-2H and ema-2L are cut by SMA-20
and/or BB(20,1) and/or BB(20,2).

9.If the trade goes against you and if the divisions on Y-axis is not more
than 10,in that case you can add ONE or TWO trades,atleast 5 points apart.
(Or as per the volatility on that day)

 
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