Hi,
Many thanks to GCTrader1 for converting Mr Bollingers Theories into a system & FXHermit for conversion to MT4.
Having read Mr Bollingers book some years ago, it seems although you have the 'squeeze' method well and truly sorted . But i feel this is only 50% of what his system/your charting is capable of doing. You have come this far so why not go for the 100% system.This being the opposite to the squeeze.
If you monitor your great charts you will notice that when the Bands significantly widen and then start to move towards each ofter,(which can be monitored via Bandwidth indicator) the market goes into trading range. This is then open for Range type trading methods.
So using your charting
bandwidth low = squeeze trading
bandwidth high = range trading
Your thoughts !!!!
nightpipper (novice)
Many thanks to GCTrader1 for converting Mr Bollingers Theories into a system & FXHermit for conversion to MT4.
Having read Mr Bollingers book some years ago, it seems although you have the 'squeeze' method well and truly sorted . But i feel this is only 50% of what his system/your charting is capable of doing. You have come this far so why not go for the 100% system.This being the opposite to the squeeze.
If you monitor your great charts you will notice that when the Bands significantly widen and then start to move towards each ofter,(which can be monitored via Bandwidth indicator) the market goes into trading range. This is then open for Range type trading methods.
So using your charting
bandwidth low = squeeze trading
bandwidth high = range trading
Your thoughts !!!!
nightpipper (novice)