Columbus,
So if i am understanding correctly, if the trend is down then you should not buy even if the worm body enters the band. This then contradicts rule 3. Also in post 4, third white spot suggests buying in downtrending market. I guess this has become lot confusing. I am still in dilemma about when to buy and when to sell. My understanding is if worm body crosses lower band then buy and vice versa.
Thanks,
Rahul
So if i am understanding correctly, if the trend is down then you should not buy even if the worm body enters the band. This then contradicts rule 3. Also in post 4, third white spot suggests buying in downtrending market. I guess this has become lot confusing. I am still in dilemma about when to buy and when to sell. My understanding is if worm body crosses lower band then buy and vice versa.
Thanks,
Rahul
Your confusion is understandable.I used to get losses like your's in early days.
This was modified a couple of times.Losses were minimised to great extent, by having another Bollinger Band BB(20,1).Follow the latest file.
So if i am understanding correctly, if the trend is down then you should not buy even if the worm body enters the band. This then contradicts rule 3.
Rule.3 says MAKE AN ENTRY but not MAKE A BUY.
Also in post 4, third white spot suggests buying in downtrending market.
Each day have a unique pattern.We can frame rules ,after studying the method for many days.
I guess this has become lot confusing.
Just follow the latest rules, there will not be any confusion.
I am still in dilemma about when to buy and when to sell. My understanding is if worm body crosses lower band then buy and vice versa.
Generally Bollinger Bands are seen Top Band as RESISTANCE and Bottom Band as SUPPORT.Bollinger Band BB(20,1) helps a lot in our decision making.