@columbus
In The 3min charts , what is that Blue Dot , initiation of longs ?
Also , you told ride the trend if it grazes Top/bottom bands , what does it mean ? I mean is it the continuous piercing of the Upper band by Green bars like Today ?
Thanks.
@columbus
In The 3min charts , what is that Blue Dot , initiation of longs ?
Also , you told ride the trend if it grazes Top/bottom bands , what does it mean ? I mean is it the continuous piercing of the Upper band by Green bars like Today ?
Thanks.
Thanks Columbus.
2 queries.
If there are multiple green bars piercing the upper band , we should continue with the trend like today right ?
Also if there are 2 or more continuous Green bars piercing , can we add longs by considering it as breakout ?
Entry On Immediate Completion Of Green Candle After A Lower BB Piercing Candle.
Exit- I: Immediately On Upper BB Piercing Exit-II: On Completion Of Two Consecutive Red Candle. S/L: Completion Of Two Consecutive Red Candle S/L Immediately After Entry: Low Of BB Piercing Candle
SHORT ENTRY, EXIT & S/L:
Entry On Immediate Completion Of Red Candle After Upper BB Candle Piercing Candle.
EXIT-I: Immediately On Lower BB Piercing EXIT-II: On Completion Of Two Consecutive Green Candle S/L: Completion Of Two Consecutive Green Candle. S/L Immediately After Entry: High Of BB Piercing Candle
I found tf=1min is too NOISY and tf=5min is too BIG.
The average of these two, tf=3min is OK.
In case of tf=3 with BB-20 ,the bands start appearing
after exactly 60 min.To overcome this problem a smaller
time frame is chosen in the initial stages.
If there are multiple green bars piercing the upper band , we should continue with the trend ?
Also if there are 2 or more continuous Green bars piercing , can we add longs by considering it as breakout ?
In case of multiple GREEN candles, it GRAZES the top band
only with lower band looking EMPTY.It is straight forward case
of strong trending UP market and follow the trend.
It is not the number of candles but the relative position w.r.t.
middle line/outer lines that matters the most.
Keep the method as simple as possible without any TWEAKS for
better results.
Hi Columbus,
Thanks for the reply.One request is there, if U can point or mark the candle in the chart for the trade and pls can U explain about those 2 horz. lines.