BollingerBands

[SavantGarde]

Hi Columbus,

BBs In The Chart Are The Blue Bands, Red & Black Squigglies Are SMAs....Simple

Basically BBs With Whatever Parameters One Uses Are Support (Lower BB) & Resistance (Upper BB) & Follows Price Most Important Because We BUY & SELL At A Price.

Happy & Safe Trading

SavantGarde

Hi sawant,

Would you mind explaining the STRANGE looking bands?

 

[prasadam]

columbus,

thank you for the new thread.

savant/ columbus,

a small query.

the upper band is supposed to be a resistance and lower band a support. but, on many occasions, I have seen that they keep on expanding. like today.
then, what is the best way to use it?

or is it just a supportive indicator?

sorry for newbie questions.

On higher time frame the zones reduced to two.

 

[prasadam]

today's 15 min. chart with BB (9,2)

 

[columbus]

columbus,

thank you for the new thread.

savant/ columbus,

a small query.

the upper band is supposed to be a resistance and lower band a support. but, on many occasions, I have seen that they keep on expanding. like today.
then, what is the best way to use it?

or is it just a supportive indicator?

sorry for newbie questions.

Hi Prasadam,

The UPPER and LOWER band are nothing but (SMA 20 STD).So whenever
a substantial change in Nifty (positive or Negative) the bands expands.
Similarly there is no activity in NIFTY over a long period ,the bands CONTRACT.

 

[prasadam]

Hi Prasadam,

The UPPER and LOWER band are nothing but (SMA 20 STD).So whenever
a substantial change in Nifty (positive or Negative) the bands expands.
Similarly there is no activity in NIFTY over a long period ,the bands CONTRACT.

columbus,



my questions are

what is the best way to use it?

or is it just a supportive indicator?

 

[pkamalesh]

columbus,



my questions are

what is the best way to use it?

or is it just a supportive indicator?

Hi prasad...How i understand/understood the BB's as a novice was that whenever there is little or no chance for the direction/trend to change the bands widen..This means Low volatility etc..when ever the Bands contract or come closer(this usually happens after a time of sideways or Price is stagnant), we can expect movement in either direction and some pick up in volatility...We can judge the resistance support where ever prices are in a particular direction especially in intraday for minor up's and downs...

 

[columbus]

columbus,



my questions are

what is the best way to use it?

or is it just a supportive indicator?

Hi prasadam,

See the BB in different Time frames.If it is pierceing the bands take appropriate action (Stop when piercing the bands).Hold it if they are
within/Grazing the bands.

 

[SavantGarde]

Correct Kamalesh... ...Whenever The Bands Have Contracted, It Is An Indication There Will Be Trend Change On Either Side. Will Post More Later, But Will Start With The Basics....So That It Will Sort Of Remain Inorder If Someone Wants To Learn.

In The Meantime You Guys Can Carry On With Your Discussion....

Happy & Safe Trading

SavantGarde

Hi prasad...How i understand/understood the BB's as a novice was that whenever there is little or no chance for the direction/trend to change the bands widen..This means Low volatility etc..when ever the Bands contract or come closer(this usually happens after a time of sideways or Price is stagnant), we can expect movement in either direction and some pick up in volatility...We can judge the resistance support where ever prices are in a particular direction especially in intraday for minor up's and downs...

 

[pkamalesh]

I know why u highlighted my name...Looks like ur still in a kind of shock...hehehe...:lol:

 

[prasadam]

ok.

I will put it this way,

today, 10.00 AM bar is out side BB, on almost all time frames.

what should be my trading decision?