Jump to content

Bolinger Band & Channel trade strategy


Recommended Posts

Guest Trader_1707

 hi !

I am also very interested in Bollinger Bands strategy. I think it's worth to pay attention on the middle line - when the price touches this line, the trend turn the opposite direction. Do you have any other "secrets" of using this indicator?

 

Link to comment

  if you can make any sense of this utter nonsense posted by oilpro please let me know, I have been looking at same such for 2 years now and I'm still laughing. Can you see the BBands he claims exist on this chart? I would be intrigued to know if BB's are included as the indicator used is MT4   .ex4,  (machine readable only), maybe he will enlighten us. 

Link to comment
Guest oilfxpro

Ellie 

 

The indicator draws horizontal support /resistance on 4 hour and daily, accurate to the pips.It then draws moving averages and trend lines channels.

 

I can see bollingers are rubbish, if a trader want to make money and improve.This is my third week with profits of 10% plus. Just trying to help you.

Link to comment
Guest oilfxpro

In profitable trading, bollinger can be used to buy low sell high,  Gartman's 22 rules apply to real trading , if you can apply them using bb fine.

 

http://www.dacharts.com/articles/_22rulestrading.htm

 

Markets can remain illogical longer than you or I can remain solvent," according to our good friend, Dr. A. Gary Shilling. Illogic often reigns and markets are enormously inefficient despite what the academics believe.

 

The objective is not to buy low and sell high, but to buy high and to sell higher. We can never know what price is "low." Nor can we know what price is "high." Always remember that sugar once fell from $1.25/lb to 2 cent/lb and seemed "cheap" many times along the way.

 

Sell markets that show the greatest weakness, and buy those that show the greatest strength. Metaphorically, when bearish, throw your rocks into the wettest paper sack, for they break most readily. In bull markets, we need to ride upon the strongest winds... they shall carry us higher than shall lesser ones.

 

An understanding of mass psychology is often more important than an understanding of economics. Markets are driven by human beings making human errors and also making super-human insights.

 

 

Link to comment
Guest oilfxpro

I can see more accurate information on the indicator , just highlighted trend lines, channels  and supports resistances.See for yourself.Red lines are resistances , blue horizontal lines are supports.

 

indicator trend lines.jpgindicator trend lines2.jpg

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
      22,099
    • Total Posts
      92,956
    • Total Members
      42,478
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Traph
    Joined 02/06/23 04:45
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 2 June 23,   AAVE Token/U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Reactionary(Counter Trend) Mode: Corrective Structure: Double Combined Position: Wave (Y) Direction Next higher Degrees: Wave ((2)) of Motive Details: Wave ((2)) may have ended at the level of 60.171. Five waves of rise and break of the level of 74.219 will support this idea. Wave Cancel invalid Level: 60.171 AAVE Token/U.S.dollar(AAVEUSD)Trading Strategy: Wave ((2)) may end at the level of 60.171, five rising waves will support this idea. but even so Price Remains in Bear Market Control As it is below the MA200 line, there is still a risk of entering a long position. AAVE Token/U.S.dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here!     Elliott Wave Analysis TradingLounge 4H Chart, 2 June 23,   AAVE Token/U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Follow Trend  Mode: Motive  Structure: Impulse Position: Wave 3 Direction Next higher Degrees: Wave (1) of Motive Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1 Wave Cancel invalid Level: 60.171 AAVE Token/U.S.dollar(AAVEUSD)Trading Strategy: Wave ((2)) may end at the level of 60.171, five rising waves will support this idea. but even so Price Remains in Bear Market Control As it is below the MA200 line, there is still a risk of entering a long position. AAVE Token/U.S.dollar(AAVEUSD)Technical Indicators: The price is below the MA200 indicating a downtrend MACD and RSI are Bearish momentum.
    • Look ahead to 2/6/23: US jobs; Baker Hughes rig count After the stronger than expected private payrolls number from ADP, risks would seem to be on the upside for the US non-farm jobs number on Friday.  Jeremy Naylor | Analyst, London | Publication date: Thursday 01 June 2023  IGTV’s Jeremy Naylor looks at USD/JPY as a potential trade. Outside of this watch Brent around the Baker Hughes rig count.            
    • What's the next move following the bank run that led to a rally in US stocks? The markets have been giving us hints on its coming trend, which markets are they? Deploying market psychology not only helps us to connect the dots in today’s complexity, it also gives us the simplicity to chart into the future. In this session, we have invited market veteran, Wong Kon How, to help you improve your trading literacy and successfully navigate the financial markets. Kon How will demonstrate how he understands today’s market complexity and seizes the coming opportunity with behavioral science.  
×
×
  • Create New...