Bollinger Band deviation strategy Part I | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Bollinger Band: let's build a strategy together 35 replies

Developing algo for Modified Bollinger Band Scalping Strategy 3 replies

Bollinger band binary option strategy 9 replies

Can someone help add a standard deviation band to this indi? 1 reply

How do I shade the area Between a Bollinger Band and its Deviation? 1 reply

Attachments: Bollinger Band deviation strategy Part I
Exit Attachments

Bollinger Band deviation strategy Part I

  • #1
  • First Post: Sep 2, 2008 6:09am Sep 2, 2008 6:09am
In this strategy I will show you how to enter a trade at the perfect place. It gives you a good idea about good entry points.

First of all, open whatever chart you want then open the 4 hours time frame (H4). I will open also the Bollinger Bands(20) and Zig Zag indicator. Now, I will wait the Bollinger Band to deviate (bollinger band deviation means that the lower or the uper band forms a corner), in case the lower band deviate and formed with the preceding higher zig zag point an angle, I will wait the candle to be formed and enter into a Long trade.

Same thing for Short trades, I will wait the upper band to deviate and formed with the lower zig zag point an angle, I will wait the candle to be formed and enter into a short trade.

In the next days I will submit new strategies so I can share all traders my knowledge, if you have any question I am ready for help.

Joe Chalhoub
  • #2
  • Sep 2, 2008 4:27pm Sep 2, 2008 4:27pm
hi,

show us some images of this method at work. Thanks
  • #3
  • Sep 2, 2008 6:11pm Sep 2, 2008 6:11pm
Thanks for the strategy but some pictures with explanations would be nice because I'm not sure I understand your entries.
  • #4
  • Sep 2, 2008 7:41pm Sep 2, 2008 7:41pm
i get the logic, high low zigzag seems to be a good indi for this. Thanks for sharing
  • #5
  • Sep 3, 2008 7:37pm Sep 3, 2008 7:37pm
Quoting rpchost
in case the lower band deviate and formed with the preceding higher zig zag point an angle, I will wait the candle to be formed and enter into a Long trade.
Is this correct?
Attached Image (click to enlarge)
Click to Enlarge Name: rpchost.gif Size: 21 KB
  • #6
  • Sep 3, 2008 10:06pm Sep 3, 2008 10:06pm
another bollinger band thread.... eagerly await your trade calls here.

Quoting rpchost
In this strategy I will show you how to enter a trade at the perfect place.
  • #7
  • Sep 7, 2008 1:33am Sep 7, 2008 1:33am
Quoting rpchost
In this strategy I will show you how to enter a trade at the perfect place. It gives you a good idea about good entry points.

First of all, open whatever chart you want then open the 4 hours time frame (H4). I will open also the Bollinger Bands(20) and Zig Zag indicator. Now, I will wait the Bollinger Band to deviate (bollinger band deviation means that the lower or the uper band forms a corner), in case the lower band deviate and formed with the preceding higher zig zag point an angle, I will wait the candle to be formed and enter into a Long trade.

Same thing for Short trades, I will wait the upper band to deviate and formed with the lower zig zag point an angle, I will wait the candle to be formed and enter into a short trade.

In the next days I will submit new strategies so I can share all traders my knowledge, if you have any question I am ready for help.

Joe Chalhoub
Please show up pics
  • #8
  • Sep 7, 2008 3:05am Sep 7, 2008 3:05am
Quoting rpchost
In this strategy I will show you how to enter a trade at the perfect place. It gives you a good idea about good entry points.

First of all, open whatever chart you want then open the 4 hours time frame (H4). I will open also the Bollinger Bands(20) and Zig Zag indicator. Now, I will wait the Bollinger Band to deviate (bollinger band deviation means that the lower or the uper band forms a corner), in case the lower band deviate and formed with the preceding higher zig zag point an angle, I will wait the candle to be formed and enter into a Long trade.

Same thing for Short trades, I will wait the upper band to deviate and formed with the lower zig zag point an angle, I will wait the candle to be formed and enter into a short trade.

In the next days I will submit new strategies so I can share all traders my knowledge, if you have any question I am ready for help.

Joe Chalhoub
Okay, so I open watevr chart and also ur recommended H4. Then I go hunting for kinks in the BB as u suggest. But wait. On which chart do I look? Mine or the H4?? Assuming u use the 4H as reference, so we go with that one.

[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]http://www.forexfactory.com/C:%5CDoc...ator%5CDesktop

I've seen tarot card readings that were less equivocal
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.gif Size: 46 KB
Margin Call Magnet
  • #9
  • Sep 7, 2008 1:53pm Sep 7, 2008 1:53pm
Hi,
Sorry! But I don't understand the method!
Can you explain it?
Thank!
  • #10
  • Sep 7, 2008 2:20pm Sep 7, 2008 2:20pm
hello,its good to see your post.i want to ask a question...do you use your method on some other time frames??for how long have you been using the bollinger band?

happy pips taking
  • #11
  • Feb 26, 2009 5:03pm Feb 26, 2009 5:03pm
hmm. i agree. this is like readi coffee beans let alone tea leaves.

Quoting Mcm
Okay, so I open watevr chart and also ur recommended H4. Then I go hunting for kinks in the BB as u suggest. But wait. On which chart do I look? Mine or the H4?? Assuming u use the 4H as reference, so we go with that one.

[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/LOCALS%7E1/Temp/moz-screenshot.jpg[/IMG]http://www.forexfactory.com/C:%5CDoc...ator%5CDesktop

I've seen tarot card readings that were less equivocal
  • #12
  • Apr 6, 2009 9:10am Apr 6, 2009 9:10am
Quoting rpchost
In this strategy I will show you how to enter a trade at the perfect place. It gives you a good idea about good entry points.

First of all, open whatever chart you want then open the 4 hours time frame (H4). I will open also the Bollinger Bands(20) and Zig Zag indicator. Now, I will wait the Bollinger Band to deviate (bollinger band deviation means that the lower or the uper band forms a corner), in case the lower band deviate and formed with the preceding higher zig zag point an angle, I will wait the candle to be formed and enter into a Long...
are you really here to help or to advertise your website?Because i can`t see any reason why you should post a strategy without responding to people`s questions.Your method seems logical enough but you have failed to back it up with explanation atleast with some charts showing what you really mean.
we cannot succeed without a well defined risk management.
  • #13
  • Last Post: Sep 14, 2012 5:24am Sep 14, 2012 5:24am
Quoting rpchost
In this strategy I will show you how to enter a trade at the perfect place. It gives you a good idea about good entry points.

First of all, open whatever chart you want then open the 4 hours time frame (H4). I will open also the Bollinger Bands(20) and Zig Zag indicator. Now, I will wait the Bollinger Band to deviate (bollinger band deviation means that the lower or the uper band forms a corner), in case the lower band deviate and formed with the preceding higher zig zag point an angle, I will wait the candle to be formed and enter into a Long...
Chalhoub, pls when you say i will wait the candle to be formed, i do not understand how you mean- what kind of candle?
0 traders viewing now