BollingerWorm !!!

[trade4joisar]

Is this inverted V shape to go confirmation for long with previous signal ?

 

[columbus]

1.A good "V" or "Inverted V" generally will have VERTEX out the bands.
The circle indicated by you shows a weak "inverted V" or part of NOISE.
The same chart by you ,gives you example of good inverted V.

 

[timepass]

Is this inverted V shape to go confirmation for long with previous signal ?

1.A good "V" or "Inverted V" generally will have VERTEX out the bands.
The circle indicated by you shows a weak "inverted V" or part of NOISE.
The same chart by you ,gives you example of good inverted V.

Columbus is spot on, T4J, the V indicated by you appears to be a part of a developing M, a bearish sign.

 

[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 OUTER of BB(20,1) and INNER band
BB(20,2) then ride the trend .

7.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.

8.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).

 

[trade4joisar]

1.A good "V" or "Inverted V" generally will have VERTEX out the bands.
The circle indicated by you shows a weak "inverted V" or part of NOISE.
The same chart by you ,gives you example of good inverted V.

Thanks.

Just to be more clear on riding the trend, Can you please spot few things which you think is important with weak & strong signal?

 

[columbus]

Hi t4j,

Strong signals are characterized by "Sharpness" and easy to spot .since
they start outside the bands (Mostly).

Weak signals are characterized by "U" or "Inverted U".

 

[trade4joisar]

Hi t4j,

Strong signals are characterized by "Sharpness" and easy to spot .since
they start outside the bands (Mostly).

Weak signals are characterized by "U" or "Inverted U".

If we talk about S1, after giving short signal, we do not get chance to exit and we need to average @ S2, S3 right?

After S4 signal, we should exit @ S5 & go for short & this should exit @ S6?

OR we should avoid some of these signals?

 

[columbus]

If we talk about S1, after giving short signal, we do not get chance to exit and we need to average @ S2, S3 right?

After S4 signal, we should exit @ S5 & go for short & this should exit @ S6?

OR we should avoid some of these signals?

Hi t4j,

Your strategy is correct.The time between S1 & S2 is big,I think you better
exit once in between at any weak signals.Personally I do not put any FRESH
positions after 0230pm, but try to square off the existing positions between 0230~0330.

 

[trade4joisar]

In today's chart, we have around 4 buy signal, but only last one works perfectly.

Previous 3 should be ignored because of SMA 20 was showing down trend right?

But i am not sure how come 4th signal was gone right, i am missing something?

 

[trade4joisar]

Also like to share chart of Orchid

Share your thoughts, SMA 20 was the main signal for strong spike ?