BollingerBands

Did Bollinger Bands help you?

  • Yes

    Votes: 239 77.9%
  • No

    Votes: 68 22.1%

  • Total voters
    307

columbus

Well-Known Member
BB(20,2) on 3-5min time frames is shown below.

After fall to 4540 ,it was least expected that
it would reach 4600+, though BB expected
a bounce back from 4540.
 

columbus

Well-Known Member
BB(20,2) on 3&5 min time frames is presented here.
A self explanatory post.
 

columbus

Well-Known Member
BB(20,2) on 3&5 min time frames is presented here.

Probable entry/exit are marked.
In the morning markets went up and was in
consolidation phase for over 2 hours.In this
scenario better to book profits for every 15/20
point rise/fall depending on your position.
 

columbus

Well-Known Member
BB(20,2) on 3&5 min time frames are presented
below.In the chart ,virtually no candles in TOP
band after mid session.

 

columbus

Well-Known Member
The recent mini-bull market was predicted by Bollinger
Bands. In all probability we are going to see downside
in next few days.(Sounding more like weatherman !!!!)

 

tulika

Active Member
The recent mini-bull market was predicted by Bollinger
Bands. In all probability we are going to see downside
in next few days.(Sounding more like weatherman !!!!)

Can you please explain what are the signals which are indicating the down move.?
Regards
Tulika
 

columbus

Well-Known Member
Can you please explain what are the signals which are indicating the down move.?
Regards
Tulika
Hi tulika,

i)Bounce up when nifty PIERCES bottom band ,ii)Bounce
down when nifty PIERCES top band.

The first one has been proved and second one is likely ,
considering the fact that the weekly losers are on rise.
(please check my another thread WEEKLY ROUND UP)
and more over 4700 appears to be a stiff resistance
level.
 
Last edited:

SavantGarde

Well-Known Member
Hi Tulika,

In Addition To What Columbus Has Already Mentioned.

a) If Upper BB Is Pierced And Closes As A Green Bar & Next Bar Is A Red One, Then Down Move Is Imminent & Perhaps More Sustained.

b) If Lower BB Is Pierced & Closes As Red Bar Followed By A Green Bar, In This Case Upper Move.

c) If Shorting At Upper BB Piercing, Can At Best Be A Very Quick Short Trade With Few Points, Same Incase Of Lower BB For Quick Long Trade.

d) If Upper BB Is Pierced Followed By Again By Piercing Or Green Bar, Then It Could Result In Breakout On The Upside, Similarly For Lower BB For Downside.

Check For Yourself For Conditions Outlined Above On A Chart


Happy & Safer Trading

SavantGarde

Can you please explain what are the signals which are indicating the down move.?
Regards
Tulika
 

columbus

Well-Known Member
Hi Tulika,

In Addition To What Columbus Has Already Mentioned.

a) If Upper BB Is Pierced And Closes As A Green Bar & Next Bar Is A Red One, Then Down Move Is Imminent & Perhaps More Sustained.

b) If Lower BB Is Pierced & Closes As Red Bar Followed By A Green Bar, In This Case Upper Move.

Check For Yourself For Conditions Outlined Above On A Chart


Happy & Safer Trading

SavantGarde
Hi Savant,

In the above case the TIME FRAME is very very important.
I am given to understand that you are talking about 5min/10 min timeframes.

In case of lower time frames like 3min one should look for not ONE but TWO opposite colour candles.

Please correct me if I am wrong.
 

SavantGarde

Well-Known Member
Hi Columbus,

3 Min. TF Is Not On My Radar, Otherwise Most Time Frames Should Be Ok For What I Have Outlined In The Previous Post.

Additionally, For Quick Trades On Lower TF Than 10 Min.

Following Should Be Adhered To:

a) If Going Short On Upper BB Piercing Should Be Covered On Second Consecutive Green Candle.

b) If Going Long On Lower BB Piercing Should Be Exited On Second Consecutive Red Candle.

Above Are Impulse Trades Based On Taking Trades At The Point When BB Is Touched Or Pierced. Please Satisfy Yourself By Observing The Conditions Before Taking Live Trades.


Happy & Safer Trading

SavantGarde

Hi Savant,

In the above case the TIME FRAME is very very important.
I am given to understand that you are talking about 5min/10 min timeframes.

In case of lower time frames like 3min one should look for not ONE but TWO opposite colour candles.

Please correct me if I am wrong.
 
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