BollingerWorm !!!

[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)]

 

[nazimrushda]

Hi columbus,
pls explain brefly how to use BW very effectively

 

[columbus]

Hi columbus,
pls explain brefly how to use BW very effectively

Hi Nazim,

Apart from this you can add one more sentence.

http://www.traderji.com/day-trading/48558-bollingerworm.html#post577518

If same line ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 ,that indicates a END of a trend.Continuance of trend is indicated
by cutting both lines as illustrated.

 

[nazimrushda]

Hi Columbus,

I think you have mentioned this in earlier post also , my basic intention is how we can avoid whipsaw in live trade because due which getting afraid of loss
Bye the way thanks for BW idea
.:clapping:

 

[columbus]

Hi Columbus,

I think you have mentioned this in earlier post also , my basic intention is how we can avoid whipsaw in live trade because due which getting afraid of loss
Bye the way thanks for BW idea

Hi nazim,

These whipsaws are unavoidable especially in lower time frames ,say 1min or
2 min.So avoid time frames upto 2min altogether.Generally we prefer 3min and
5 min time frames.In case of doubt, increase the time frame of one chart by
a minute,say, 5min to 6min.

 

[columbus]

If candles are sandwiched between UPPER bands / LOWER bands BB(20,2) and
BB (20,1) ride the trend .If either ema-2H or ema-2L is cut twice by either
BB(20,2),BB(20,1) or SMA-20 in quick succession ,it indicates a END of a trend.
Continuation is indicated if both ema-2H and ema-2L are cut by BB(20,1) and/or SMA-20.

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(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 BB(20,2) and BB (20,1)
ride the trend OR LOWER Bands of BB(20,2) and BB (20,1) ride the trend.
If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or SMA-20
in quick succession ,it indicates a END of a trend.Continuation is indicated if
both ema-2H and ema-2L are cut by SMA-20 and/or BB(20,1) and/or BB(20,2).

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(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 BB(20,2) and BB (20,1)
ride the trend OR LOWER Bands of BB(20,2) and BB (20,1) ride the trend.
If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 in quick succession ,it indicates a END of a trend.Continuation is
indicated if both ema-2H and ema-2L are cut by SMA-20 and/or BB(20,1)
and/or BB(20,2).

 

[timepass]

A good day for worm followers, almost a W shape today.

 

[columbus]

1.Use standard Bollinger Bands ,that is, bb(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 BB(20,2) and BB (20,1)
ride the trend OR LOWER Bands of BB(20,2) and BB (20,1) ride the trend.
If either ema-2H or ema-2L is cut twice by either BB(20,2),BB(20,1) or
SMA-20 in quick succession ,it indicates a END of a trend.Continuation is
indicated if both ema-2H and ema-2L are cut by SMA-20 and/or BB(20,1)
and/or BB(20,2).