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Multiple bollinger bands

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multiple bollinger bands

Jimmer Bollinger Band Entries Chat I'm real excited about it and it I think it's worth talking about. I'm going to type in bands trades. Three of them we'll talk about and the rest of them we'll just generalize about. Trades - times are Pacific: Those are the times of the trades and whether they're long or short All band related trades, all supported by something else in the higher time frame, a condition of MACD in higher time frame. I use the Tick in the early going because of the speed of the market. And when I say 69 pts. I don't mean from top tick to bottom tick. That allows about a point off the top and one off the bottom. The main reason I changed and why I'm talking about Bollinger Bands so much is that Bollinger Bands enable me to bollinger into the trades sooner and with less risk and get out earlier or at a point where I have maximized the trade by using the bands. I can get into trades I couldn't get in before and have no more risk and get out at a point where I maximized the trades multiple using the bands. The first one that I wanted to talk about was one which happened at That was a touch on bollinger upper band on the 77Tick. At the same time we also had a touch of the upper band on the Tick. At that time it was beginning to fall. We also had the touch of the band on the and almost a touch on the Tick. The entry is as close as you can get to where bands band is. You can't wait for it to take out the bar. I would not take the trade unless the bands are not point up anywhere [i. Next trade at Again, there was a poke through the upper band on the 77Tick, no touching the Tick but bands are heading down and the color bars show MA's moving averages are crossed downward with the same situation on the Tick or the Tick. Now, I don't want to pretend that I took all these trades and made 69 pts. I'm a long way from where I need to be in terms of translating from observation to execution. The first 90 minutes move very fast. You can see how crammed together some of those trades are. They're only minutes apart in some places and that takes some real discipline to do, but you see what you get. My goal has been to try to get 15 pts. If just look at these tick charts and see how bands movement there is, there's got to be a way to grab that much because there's really more. Using the bands I think is enhancing the ability to do that a lot. Do not try to bollinger long against the band when it is pointing down. The main thing is if you're using the bands the proper way and trading with the bands and entering as close as you can get the risk is almost zilch. What didn't it have going for it? There are other trades, too, slingshot, divergence. If you use the bands for entry, you are entering early and getting more out of the trade, thereby buying you time and less risk. You have time to sit there and watch what happens without feeling threatened. If you study these things and look at the higher time frame's, and up, and see the bands touched [by price] when the bands headed down, you know you are safe to enter short at the upper band on the 77t. A lot of these trades taken off the bands are divergence trades, etc. You get an earlier entry trading off the bands compared to when you'd be entering otherwise. You have time to sit there and watch what happens for a longer time and your risk is not higher at all. If you study these things and especially if you look at the higher time frame and if you see when the bands are touched and not headed up or down you can't find a time when you get stopped out for 2 or 3 pts. It just doesn't happen or very rarely happens. Don't let me forget about the epiphany regarding SMAX because I multiple want to touch on that, too. Well, I talked about how rigid discipline has to be to trade like this in the early hour and a half. The opportunities don't go away; they pop up all the time. The action turns out to be the same usually. If it's not to your taste to trade like this all the time, it's okay, but it can add up to quite a lot. Some say if you are going to give yourself a 2 pt. Another reason is simple: And ultimately this rule would cause you to multiple a number of good trades. And I think the bands have provided another way to do that [to get into the good trades bands were missing]. I usually trade SMAXif I'm trading SMAXon the T. Then price goes under the rising Bollinger Bands and that is your opportunity to grab it It is still a valid SMAX trade. It's a multi-time frame thought process. I got on this kick I guess 2 or 3 days ago and really I got excited. I bands it was too many things to see. I started concentrating and put my self in a mental frame of what am I looking for next. If I see a touch of the band on the 77, what do I look for next? You want to have a complete calm when you enter a trade. This is just different. It's also counter-intuitive to some degree. It's also very effective. Bollinger I talk about points I mean per contract. Bravo Jimmer, thanks Jimmer has worked hard to get there The technique of using the Bollinger Bands to enter trades is to enter when the band is touched in a lower time frame when the direction of the trade is supported by conditions observed in higher time frames. I do not want to wait for the first up bar long trade to be taken out before entering. That will cause you to enter multiple 2 points higher. The person who does that will usually need to place the stop at the same place as I do but it will be 2 points further from his entry point. So, if I risk 2, he is risking 4 or maybe more. If the trade works I make 2 points more and if it fails, I lose 2 points less. Since most NQ trades are 10 points or less, that extra 2 points makes for a very significant percentage increase in my results. Having used the Bollinger Bands in this way for over a year, and through experimentation, I have found the 8 period Bollinger Bands with 1. I have learned to trust that when the conditions noted above occur I can generally enter at the band with confidence that my risk is minimal and do not need any other type of "confirmation". If bollinger touches a rising lower Bollinger Bands long or a falling upper Bollinger Bands short in the traded time frame, that is a safe entry point. If price touches a lateral flat Bollinger Bands and is also touching or nearly touching a lateral Bollinger Bands in a higher time frame, that is safe entry for trade in opposite direction. If price touches lateral lower Bollinger Bands for long and lower Bollinger Bands on higher time frame is distinctly rising, that is a safe long entry reverse for short. 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