EMA strip in BB !!!!

[columbus]

Yes. I have given the afl in above message.

Regards

My knowledge about afl is rather POOR,kgsirasangi.For better contrast you
can use ,some other colour for LOW emaS.

 

[kgsirasangi]

http://img341.imageshack.us/img341/2571/miniftychart30112011cha.png

I am not good at choosing colours. However I have changed color. Hope this is ok.

 

[columbus]

CONSTRCTION:

Construction is quite simple.
1.Plot Bollinger Band (20,2).
2.Plot EMA-3,9,15 in white colour.
3.Plot EMA-4,5,6,7 and 8 in Blue colour.
4.Plot EMA-10,11,12,13 and 14 in red colour.

If blue strip is over red strip go for BUY.
If blue strip is down red strip go for SELL.

 

[timepass]

How would one trade the whipsaw zone ?? Or is it the "no trade" zone. ?? Or would there be some signal ??

PS : The whipsaw zone drawn roughly, not exactly.

 

[columbus]

How would one trade the whipsaw zone ?? Or is it the "no trade" zone. ?? Or would there be some signal ??

Hi timepass,

if you go by BB method, you can look for a trade at 1130HR (lower BB)to
1300 HR (top BB).

 

[timepass]

Hi timepass,

if you go by BB method, you can look for a trade at 1130HR (lower BB)to
1300 HR (top BB).

Exactly !! That is the reason to look at the Wave for trend (at best), but use the worm to trade..

 

[columbus]

I am not good at choosing colours. However I have changed color. Hope this is ok.

Hi kgsirasangi,
Generally a combination of GREEN+RED is used.Blue+Red is also used,since
colour blind people find it a bit difficulty in distinguishing between Green and
Red.Green,Red and Blue are known as Natural Colours.

I want to say ,if possible ,use BLUE colour.

 

[columbus]

CONSTRCTION:

Construction is quite simple.
1.Plot Bollinger Band (20,2).
2.Plot EMA-3,9,15 in white colour.
3.Plot EMA-4,5,6,7 and 8 in Blue colour.
4.Plot EMA-10,11,12,13 and 14 in red colour.

If blue strip is over red strip and the strip is along the top BB,go for BUY.
If blue strip is down red strip and the strip is along the lower BB,go for SELL.
If the strip is in middle ,just RELAX !!!
Review the position for every hour.Checking with BollingerWorm ,will give good results.

 

[nazimrushda]

CONSTRCTION:

Construction is quite simple.
1.Plot Bollinger Band (20,2).
2.Plot EMA-3,9,15 in white colour.
3.Plot EMA-4,5,6,7 and 8 in Blue colour.
4.Plot EMA-10,11,12,13 and 14 in red colour.

If blue strip is over red strip and the strip is along the top BB,go for BUY.
If blue strip is down red strip and the strip is along the lower BB,go for SELL.
If the strip is in middle ,just RELAX !!!
Review the position for every hour.Checking with BollingerWorm ,will give good results.

Hi Columbus ,

1)can u please elobrate this "If blue strip is over red strip and the strip is along the top BB,go for BUY.
If blue strip is down red strip and the strip is along the lower BB,go for SELL.
If the strip is in middle ,just RELAX !!!"

2) Best Time frame to trade 3 or 5 mins.

 

[columbus]

Hi Columbus ,

1)can u please elobrate this "If blue strip is over red strip and the strip is along the top BB,go for BUY.
If blue strip is down red strip and the strip is along the lower BB,go for SELL.
If the strip is in middle ,just RELAX !!!"

2) Best Time frame to trade 3 or 5 mins.

Hi Nazim,

1.If the market moves UP or DOWN, the Red strip tries to be in middle since
it comprises of HIGH EMAs relatively.On the other hand Blue strip moves
UP or DOWN as it contains LOW EMAs and they are highly volatile.In your
example, you can see BREAKOUT only after 1300.Before that it was relatively
calm.

2.Any timeframe 5min or upwards 5min.