BollingerWorm !!!

[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).

 

[columbus]

.... V-shaped chart 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).

 

[kvram]

dear Columbus before 11 and after 11 am in succession Ema-L cut so we take position after 2 nd cut as it today showing trend changing and continue to hold till it reaches upper segment and also after 12-30 pm Ema 2 cut 2 times in succession and reversed to up ,what way to approach this type of moves ,plz clear me. Thanking you.

 

[nazimrushda]

dear Columbus before 11 and after 11 am in succession Ema-L cut so we take position after 2 nd cut as it today showing trend changing and continue to hold till it reaches upper segment and also after 12-30 pm Ema 2 cut 2 times in succession and reversed to up ,what way to approach this type of moves ,plz clear me. Thanking you.

hi Think ,

we have to switch in both time frame like 3min & 5mins.
am i right columbous ?

 

[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]

dear Columbus before 11 and after 11 am in succession Ema-L cut so we take position after 2 nd cut as it today showing trend changing and continue to hold till it reaches upper segment and also after 12-30 pm Ema 2 cut 2 times in succession and reversed to up ,what way to approach this type of moves ,plz clear me. Thanking you.

Dear kvram,

At 11 o'clock there were quite fluctuations, and you did not mention the type
of Position, BUY or SELL.

SELL position:
Quite straight forward, you had a square-off position at 12AM.

BUY position:
Sometimes ,it so happens that we take position in wrong direction.
In such cases, there is no remedy ,but to AVERAGE.
Taking another position by mere 5 points is not called as great Averaging,
it should be minimum 25~50% of prevailing ATR.Never average more than
2 times in the day.Close the positions quickly ,do not look for great moves.
Because sometimes,averaging can prove as falling knife.

 

[columbus]

hi Think ,

we have to switch in both time frame like 3min & 5mins.
am i right columbous ?

Hi Nazim,

I strongly recommend both TFs because, sometimes,(especially in morning
session) in the earlier part candles come out of outer BB on 3 min TF ,but on 5min chart they may be still in the inner BB.

 

[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).