BollingerWorm !!!
- Thread starter columbus
- Start date
Hi Columbus,
What if the worm pierces the resistance multiple times? Can we use this for adding to the existing positions? I mean, the worm pierces the BB(20,2) once and comes back where we enter with say a lot. And before the worm goes anywhere else pierces bb again at a higher price... Can we add say another lot here? Sorry if this is a lame question.
What if the worm pierces the resistance multiple times? Can we use this for adding to the existing positions? I mean, the worm pierces the BB(20,2) once and comes back where we enter with say a lot. And before the worm goes anywhere else pierces bb again at a higher price... Can we add say another lot here? Sorry if this is a lame question.
Hi timepass,
Yes ,ATR (High-Low) is very high ,you can not expect the movements
of candles from one Band to another in every 3 or 4 hour ,for that matter
in the day. That is why ,POINT.5 was introduced ,in every day's
report.
Sharekhan has introduced 2 more studies in TT-2.
1.ATR 2. CCI.
My knowledge was also NIL like you before coming to Traderji.
I improved it by interacting with many people here and like you.
Your question on TT is anwsered.
Yes ,ATR (High-Low) is very high ,you can not expect the movements
of candles from one Band to another in every 3 or 4 hour ,for that matter
in the day. That is why ,POINT.5 was introduced ,in every day's
report.
Sharekhan has introduced 2 more studies in TT-2.
1.ATR 2. CCI.
My knowledge was also NIL like you before coming to Traderji.
I improved it by interacting with many people here and like you.
Your question on TT is anwsered.
Hi crusader,
Valid question.Here in this technique, we are concerned with envelopes.
Resistance ....EMA2H line
Support ........EMA2L line
If top band is pierced again and again EMA2h line is outside the top band.
Similarly bottom band is pierced again and again EMA2l is outside the
bottom band.
We exit only on Reversal. Reversal is signified as "V" or "Inverted V"
if you look at the body of WORM.
Valid question.Here in this technique, we are concerned with envelopes.
Resistance ....EMA2H line
Support ........EMA2L line
If top band is pierced again and again EMA2h line is outside the top band.
Similarly bottom band is pierced again and again EMA2l is outside the
bottom band.
We exit only on Reversal. Reversal is signified as "V" or "Inverted V"
if you look at the body of WORM.
Hello Columbus, in bollingerworm, we are concerned with the movement of the 2 EMAs.. them entering / exiting the Bollinger bands. So, I have been thinking, why use candlesticks, why not line graph?? and then too, if possible, eliminate the price line altogether 
.. Make it much less noisy and delineates the entry / exit points better. Take a look and comment.
.. Make it much less noisy and delineates the entry / exit points better. Take a look and comment.
Yes, some where he pointed to use bars to get rid of emotions created by candlesticks. It's basically the worm not the bars/candlestick for setups.
That is what I pointed out other day in ur charts while columbus was away.
