BollingerWorm !!!

[timepass]

Bollingerworm for 10th April.

 

[timepass]

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).

 

[HARIVEL]

what should be the time frame? If previous day trade means how to trail stop(pivot?). what to do at narrow range!

 

[timepass]

what should be the time frame? If previous day trade means how to trail stop(pivot?). what to do at narrow range!

It is an intraday strategy, previous day's chart is not considered at all. The exit is as per point nos. 4 & 7.

 

[HARIVEL]

sir usually i use BB only with stoch & Rsi in Pointer. But i cant fint the negative A(E,2). In GCI it will work?

 

[timepass]

sir usually i use BB only with stoch & Rsi in Pointer. But i cant fint the negative A(E,2). In GCI it will work?

GCI has a provision for defining "Apply to" in moving averages. Check the image below :

Also, to upload images, do not use the "Attachment" option, it will use up a lot of TJ server space. Use an external service as explained in my signature ("How to upload images/charts").

 

[timepass]

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).

 

[HARIVEL]

Sir
pls sugst weather my undst are correct or not?

 

[timepass]

Columbus would be better qualified to answer this, but I think that your short-1 should open as long-1 closes. That apart, you seem to have got the idea right.

What are you trading ? Futures or options ?

 

[HARIVEL]

only nifty options

R u using trade tiger?