BollingerWorm !!!

[timepass]

Actually Nazimrushda has raised a valid point. I wanted to mention it earlier too. The point no. 6, while it ensures a good run in the direction of the trend for the existing trade, it can leave one undecided about initiating the new trade. Also, it also ensures that effectively the range of the trade is reduced to BB(20,1).

Comments please.

 

[columbus]

Actually Nazimrushda has raised a valid point. I wanted to mention it earlier too. The point no. 6, while it ensures a good run in the direction of the trend for the existing trade, it can leave one undecided about initiating the new trade. Also, it also ensures that effectively the range of the trade is reduced to BB(20,1).

Comments please.

Hi Columbus ,

Should we wait for both ema to cross BB (20,1) or BW comes out of band that in today's case in 10:30 or 11:00 AM .

In case of doubt ,slightly change the Time Frame by small quantity.
You will find here same chart on 4min time frame, which will dispel all your doubts.
It will always advisable to keep 2 charts 3-min Time Frame and 5-min time
frame.

 

[columbus]

I planning to trade intraday trading as follows:

Starting the trade in @ 9.20 am using 5 min chart using bar chart. Wait for 5 min only. Buy Nifty fut above the high of the 5 min bar and keep the stop loss below low. After 5 min, i move the sl to low of the next bar. If sl triggered, sell 2 lots and keep sl loss above the high of the previous bar.

Seniors pls advice,

Hi Kumar,

On 5-min TF you have as many as 75 candles.The strategy is good if you
adopt it for either 15min or 30 min ,otherwise you have to very very fast
in punching orders.

 

[nazimrushda]

Hi coloumbus'
just a guide me how to set 4mins OR increase By.25 sec Old tt.THANKS

 

[columbus]

Hi coloumbus'
just a guide me how to set 4mins OR increase By.25 sec Old tt.THANKS

Hi nazim,

In TT ,intrabar you have values 1,3,5,10,15,30,60,blank.....etc....
In the blank (white space) just type 4 and hit ENTER.You will get 4min
chart.If you type 4.25 there ,you will get 4.25 TF chart.

 

[nazimrushda]

Hi coloumbus,
thanks brother;:thumb:

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

Gains thorough out the day were lost in last ONE hour.

 

[timepass]

Gains thorough out the day were lost in last ONE hour.

I made a bit of money today by detecting a "W" around 12.45 and an "M" around 15.05 (on NF 1 min). Thought I wish I had more sense to stick around for better profits. But new at this TA thing.

 

[anilnegi]

dear i did not understand this W & M thing, kindly explain as i am new in this

bas do peg ka sawal hai

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(s,20,2).

2.Use ema2-HIGH and ema2-LOW to outline the body of the worm.

3.If the body comes out of bands & re-enters ,then make an ENTRY.

4.The EXIT is, if body comes out the other band and re-enters the body.

5.In case of extreme Bullishness/extreme Bearishness another
pair is used pertaining to BB(20,1) or just for guidance in normal case also.

6.If candles are sandwiched between UPPER bands / LOWER bands
[BB(20,2) and BB (20,1)] ride the trend ,till Reversal is established.
[Both ema-2H and ema-2L are cut by BB(20,1)]

If you remove the first hour trade ,then the market is range-bound
between 35 points.