Further on this:
I made another such trade from Bollinger Band to Bollinger Band at 11:25 am:
1. I placed a standing order 0.25 point below the upper Bollinger Band with ATM 2.0 / 1.5
2. After my standing order got filled and the trade was initiated I moved the 1.5 point target to 0.25 point above the lower Bollinger Band for an expected profit of 2 points and $200 with two contracts.
3. Unhappily, the price hit my target price several time but never went through it so the trade was not terminated.
4. When the price pulled back 0.5 point I terminated the trade manually for the profit of 1.5 point or $150 for two contracts and the total gross profit of $500 for the morning. There was another similar opportunity right after that at 11:29 am.
I made another such trade from Bollinger Band to Bollinger Band at 11:25 am:
1. I placed a standing order 0.25 point below the upper Bollinger Band with ATM 2.0 / 1.5
2. After my standing order got filled and the trade was initiated I moved the 1.5 point target to 0.25 point above the lower Bollinger Band for an expected profit of 2 points and $200 with two contracts.
3. Unhappily, the price hit my target price several time but never went through it so the trade was not terminated.
4. When the price pulled back 0.5 point I terminated the trade manually for the profit of 1.5 point or $150 for two contracts and the total gross profit of $500 for the morning. There was another similar opportunity right after that at 11:29 am.
1