Bollinger band strategy

#1
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First bollinger band is a 20 period 1 deviation band.The 2nd is a 20 period 2 deviation band.You have to look for a at least two candles inside of the BB-1.If the next candle close above BB-1 ,then enter above the top of that candle for a long trade.Conformation can be taken by looking at the RSI(7 period),so that it is above 50 level.For a sell trade after two or more candles inside the BB-1,then if the next candle closes below the BB-1,enter below the bottom of that candle.The RSI reading should be below 50 level then.This strategy works in all time frames.
In the picture the 1st one is a long trade and the 2nd a sell trade..
 

goldenedge

Well-Known Member
#3
There's a book " 7 bollinger trading strategies". It will help you.

This is a basic bollinger strategy which is already posted here.
 
#5
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VJAY

Well-Known Member
#7
Dear Vivid,
is the trade entry valid if next bar closed below -1 (if long setup)) after entry bar(3)?that may be inside bar within 2-3 bars...:) though there is many ways /methods to trade BB....
 
#8
Dear Vivid,
is the trade entry valid if next bar closed below -1 (if long setup)) after entry bar(3)?that may be inside bar within 2-3 bars...:) though there is many ways /methods to trade BB....
Could you elaborate the question with a picture.Though I have little experience
,I will try my best to answer.Because of my intrest in BB ,I posted my very little knowledge here.I think I and many newbies can benefited by conversating with the
experienced one.
 
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#9
H1 strategy:-

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1)Candle A pierced BB (20,2) bottom
2)After that a bullish engulfing pattern and then CCI(50) moved above -100
3)Go long above the candle closed above the 5 period EMA

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1)The candle 3(is a doji and it touched the upper BB
2)Then CCI moved below +100
3)Candle 3 made a double top with candle 1
4)Go short below the candle which moved below 5EMA
 
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#10
30 minute setup;Requirements-(BB-20,2;EMA-13;CCI-21)

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LONG TRADE:-
1)At point A the bearish candle penetrated the bottom BB shows a oversold condition.
The next candle is a bullish engulfing candle shows a possible reversal of price.
2)At point B the CCI is crossing -100 from below,confirms the reverasal
3) Entry is when price cross 13EMA from below


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SHORT TRADE
1)At point A after a big bullish candle there appears a bearish doji candle.This shows upward momentum vanish.The doji candle penetrated the upper BB,which shows price
over bought condition.
2)At point B the CCI has crossed +100 to downwords confirms the price reversal
3)Entry is when price cross the 13EMA to downwords
 
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