BollingerBands

[columbus]

There is some problem with NF and SPOT nifty charts of TradeTiger.

 

[columbus]

EOD chart of BB(20,2) with 3 min time frame for the 17.4.09 is attached.
To be frank it was difficult to assume in the mid session that INDEX will test
NEGATIVE zone. Please note this is Spot Nifty chart, as there was some
problem with FUTURES chart.

 

[columbus]

 

[columbus]

Sorry friends ,not available,as my internet connection was down.

 

[columbus]

EOD chart of BB(20,2) for the day 20.04.09 on 3min time frame
is attached.

 

[columbus]

...off topic....

I desist from giving EOD charts because the quotes from Tradetiger were
HORRIBLY wrong today.For example at 11.30 when market rose
vertically at 3376 ,at that time Trade Tiger was showing Nifty futures at
3343.Similarly after 2.00 when market fell at 3385,TT was showing 3400.
I do not know the status about EQUITY segment.

Giving WRONG information is dangerous than giving no information at all.

I talked to SHAREKHAN many times about it.But there are least bothered
about it,but expanding their operations.

Whenever I raised this point ,they simply told me to change the SERVER.
I tried all their SERVERS.

SHAREKHAN WAKE UP.

 

[prasadam]

...off topic....

I desist from giving EOD charts because the quotes from Tradetiger were
HORRIBLY wrong today.....
.

ok columbus bhai. on behalf of you.

EOD chart of BB(20,2) for the day 21.04.09 on 3min time frame.

 

[ash.paul]

Hey Guys, Can anybody plz summarize what kind of chart analysis are we doing here, I can see the bollinger bands with different MAs and deviations but couldnot actually make out, what is happening, I mean how do you base your entries and exits in the markets?
Sorry, I am bit late in joining the party, hope you guys dont mind

 

[columbus]

Hey Guys, Can anybody plz summarize what kind of chart analysis are we doing here, I can see the bollinger bands with different MAs and deviations but couldnot actually make out, what is happening, I mean how do you base your entries and exits in the markets?
Sorry, I am bit late in joining the party, hope you guys dont mind

we stick to BB(20,2) on 3 min timeframe with simple moving average of 20.
When the market is on rise then you do not find any candle in the LOWER
band and similarly when market is falling then you do not find any candles
in TOP band.

You can TWEAK the values based on your RISK appetite.

Chart courtesy rasadam

 

[ash.paul]

we stick to BB(20,2) on 3 min timeframe with simple moving average of 20.
When the market is on rise then you do not find any candle in the LOWER
band and similarly when market is falling then you do not find any candles
in TOP band.

You can TWEAK the values based on your RISK appetite.

Chart courtesy rasadam

Cheers Columbus!! Then when are you supposed to enter, am I wrong in assuming entry at the breach of First HH for a uptrend in 3min TF; enter when LL are taken out on a downtrend. Stoplosses below the HL on uptrend and vice versa, is that correct?? Ya, I can see that 20SMA forming a kind of trendline and may identify the reversal if that trendline/channel is broken either side..What does BBs serves us?