BollingerWorm !!!

Do you feel BolligerWorm better than BollingerBand?

  • YES

    Votes: 73 70.2%
  • NO

    Votes: 31 29.8%

  • Total voters
    104

aabhi06

Well-Known Member
#11
Hi murthy,

Yesterday was exception.Moreover there are 2 ways to overcome this.

1.Basically Worm has variable time frames.In the initial stages we use 1MIN
timeframe, so the first band will appear at 9.15+20*1=9.35Am.So we get
ample time to react.

2.Use others averages like EMAs.

I mentioned that sometimes FIRST hour trades are fetching , but not
always.
Hi,COLUMBUS

Good morning,

Thanks for boligner worm ideas.

I am using ICHARTS there is minm. 3 min TF so let me know are you using icharts for charting? or any other.

Thanks.:)
 

columbus

Well-Known Member
#12

columbus

Well-Known Member
#13
Hi,COLUMBUS

Good morning,

Thanks for boligner worm ideas.

I am using ICHARTS there is minm. 3 min TF so let me know are you using icharts for charting? or any other.

Thanks.:)
Hi aabhi06,

Thank you.
With 3 min Time Frame the bands start appearing at 9.15+20*3=10.15.There
is no problem at all.
 

columbus

Well-Known Member
#14


Today is above average day with couple of half targets and one full
target as marked in the chart.

Full Target ....From Band to Band
Half Target ...From Band to Midline.
 

kvram

Active Member
#15
dear columbus,please tell me in the nifty chart today at about 2 "o clock 2 times V shape, worm seen if entered on 1st V 2nd becomes stop loss or no stop loss sir not only here i saw in few active stocks i found after entering price moved in opposite direction ,today so i got doubt if any sl to be followed.Thanking you -for your endeavour
 

columbus

Well-Known Member
#16
dear columbus,please tell me in the nifty chart today at about 2 "o clock 2 times V shape, worm seen if entered on 1st V 2nd becomes stop loss or no stop loss sir not only here i saw in few active stocks i found after entering price moved in opposite direction ,today so i got doubt if any sl to be followed.Thanking you -for your endeavour
Dear kvram,

The re-entry of 'Worm' into Bollinger Bands ,is important.The
first is a failed attempt (not entered BB).The second time it entered BB.So
here we place a BUY order.

In case of doubt ,raise TF by 0.25min.

In another case worm came out at 1.20 and made re-entry at 2.15 here:
http://www.traderji.com/day-trading/48558-bollingerworm-2.html#post509991

If 2nd is at a 20 points away, then it is nice place to ADD.

Though I have not tried my hands at Equity ,I found it works there also.

I use standard Stoploss of 10~20 points.
 

kvram

Active Member
#17
Thank you for the reply and which time frame candle 3 or 5 minutes candles do u prefer as u mostly prefer 3min for for ordinary bb s-20 setup ,but as u said to add 2nd position possible only if sl not hit sir ,but i watched more whipsaws in small time frame like 2 or 3 min but for for small scalping in stocks 2 or 3 min time frame gives good opportunities . Thaking you.-Dr.kvram
 

columbus

Well-Known Member
#18
Thank you for the reply and which time frame candle 3 or 5 minutes candles do u prefer as u mostly prefer 3min for for ordinary bb s-20 setup ,but as u said to add 2nd position possible only if sl not hit sir ,but i watched more whipsaws in small time frame like 2 or 3 min but for for small scalping in stocks 2 or 3 min time frame gives good opportunities . Thaking you.-Dr.kvram
Hi Dr.KV,
Yes ,your are true, smaller time frames (2 or 3 min) gives WHIPSAWS,so
after 12 o'clock better to stick to higher time frames >4 min.
 

columbus

Well-Known Member
#19


Today ,Bollinger worm has failed to some extent.There is a need to construct
in a better way ,especially in a Trending Market.More discussions later
on.
 

columbus

Well-Known Member
#20
Basically ,a chart falls in these 8 categories with minor variations in size
and slopes.Today's case falls in category.5.