forget about tomorrow, just steal away into the night
Identifying Budding Trends with Bollinger Bands 1 reply
Bollinger Bands Strategy 23 replies
ema bollinger band alerts 1 reply
Dislikedhm, nice ideas.
I noticed GC moves the opposite as EURGBP recently. Also noticed EG may suddenly reverse at double zeroes. This means sudden reversal for GC too. Maybe can be used to filter out some bad trades.Ignored
DislikedThanks for the kind words EZ!
First TP hit at +70 pips, my next target is the upper BB2.0.
http://www.freeforexguides.com/images/eurjpy2.gifIgnored
DislikedThis system looks like it could work on higher time frames also. Any reason for 250 ema. I guess because this ema has worked well in the past right? With respect to whipsaws with the ema...if a candle close above ema & you are short then you have to either get out or go long. Sooner or later price action will get away from the ema giving you better direction.Ignored
Quoting brainjtDislikedHi grillbritt
very nice- I also took this trade with profit,
now youre out from this trade yes?
bjIgnored
DislikedA new trade with false signals. I first entered long at the green candle closing above middle line. But reversed it to a short when a red candle broke the middle line AND EMA250. First TP already hit, and the rest 50% is currently at +80 pips. SL moved some pips above last candle.
Maybe we need some kind of confirmation when price is around EMA250 to avoid false signals?Ignored
QuoteDislikedOn that trade that went against you maybe you should have waited for a 2nd short candle to confirm. What do you think? Because that way you would have had 2 short candles in a row. You could have entered right before the hour was up knowing it was going to close as a short candle.
QuoteDislikedI think that trade in th middle is more risky,
look GBPCHF - bellow 250 short + price bellow middle- white elipse, and trade was bad, Ill try trade only on outer- or necess. other filter
bj-
QuoteDislikedGreetings grillbritt!
Nice Bolli thread... just saw it today.
the unique thing here is that u use 2 Bolli's with different Std.Dev's (standard deviations).
This is 1 variation mentioned by John Bollinger (Bolli creator)...
to avoid false sginals/to add confirmation, u can use a simple 2 short-term MA cross; use oscillators (CCI, Stochs, RSI, MACD, your choice); or use a volume indicator (such as Better Volume 1.4; u can search for it).
Hopefully i can contribute a few posts/charts here from time to time. Im not promising anything...