Bollinger Band Price Action Analysis

I'd like to start a thread so i can journal my observations about
price action around bollinger bands...

Anyone welcome to chime in... For my first example i just chose
random day from past, in this case Oct 1, 2007.

Other things i didnt put on the chart: after the pin bar and price
touches other band, angle of bands is parrelel, and price touches
opposite band again before walking the bands downward.

Here's a very interesting example (same day) when we use MAs...
These are the hourly 'snap crackle pip' emas 18/45 on 15m chart (72 and 180 ema). Notice the price action does what wants, and that starts changing
the attitude of the EMAs...

chart

even so, if we were taking only longs, we could have taken 2 nice trades there... One at the 5 bar reversal pattern , and one
near the wick.

i find doing these exercises help me...Just pull out a chart
and label the clues price leaves as it moves around.

On this day, hourly emas are pointing down.

chart

Hi ChesterB
Thanks for sharing it with us!
Are you using this method yeat?
What do you think discuss about this every day in some pair, before happened the chart? i can to contribute too


Best Regards,
Marcelo Marques

yeah BB are one of my favorite indicators... I can try finding the time do some more postings...

ok, i´m waiting and ready to colaborate


Best Regards,
Marcelo Marques

Hello Marcelom And ChesterB,
I'm Firdaus From Malaysia.
I need your help to code my indicator to become EA as soon as posibble.
I will pay for your services. Please send me an email to [email protected] so we can working together. Hope to hear from you soon.
Thank you.