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Bollinger and EMA discussion

  • #1
  • First Post: Edited 4:29am Sep 7, 2010 12:07am | Edited 4:29am
I use bollinger and EMA 9 and 21 for put a possition..
It's 80-90% profitable .
Anyone use bollinger band as a indicator for trading?

Please share here.. because i didn't see any thread about bollinger..
Steady as the beating drum,,,
  • #2
  • Sep 7, 2010 12:23am Sep 7, 2010 12:23am
What is the settings u used for bollinger? How do you entry and out?

Currently I am using bollinger 20 with deviation 2.0 and EMA9 for entry.
When ema has crossed bollinger middleband to the top, I wait for the price to retrace to the ema, and then I open position.

But i still dont have target/stoploss. So i feel like my system has not optimized yet. If possible, i'd like to know about your t/p and s/l.
  • #3
  • Sep 7, 2010 12:35am Sep 7, 2010 12:35am
i like this method...
  • #4
  • Sep 7, 2010 12:37am Sep 7, 2010 12:37am
Quoting pipstroll
What is the settings u used for bollinger? How do you entry and out?

Currently I am using bollinger 20 with deviation 2.0 and EMA9 for entry.
When ema has crossed bollinger middleband to the top, I wait for the price to retrace to the ema, and then I open position.

But i still dont have target/stoploss. So i feel like my system has not optimized yet. If possible, i'd like to know about your t/p and s/l.

Same as you.. i use bollinger 20 and dev 2.0. EMA9 and EMA21
entry point in daily chart when the price cross the upper bollinger line for sell and under boolinger line for buy.
The longger they cross, the better profit will we get.
I use ema 9 and ema 21 to determine if the trend would change... at daily or weekly chart, or minimum H4 chart
Steady as the beating drum,,,
  • #5
  • Sep 7, 2010 12:40am Sep 7, 2010 12:40am
target i take is at least 30 pips
Stop loss depends on the position of boolinger line.. sometime if i am very sure it will profit, i don't put SL.
Steady as the beating drum,,,
  • #6
  • Sep 10, 2010 4:07am Sep 10, 2010 4:07am
i use bollinger 20, rsi 14, ema 5
i trade 5 minute chart
my target is 10-15 pips
i get almost 5 trades in a day
i close trades on break -even which go bad
and i did not got any loss in past one month
  • #7
  • Sep 10, 2010 4:57am Sep 10, 2010 4:57am
there are a few threads.
try this one
http://www.forexfactory.com/showthread.php?t=163972
  • #8
  • Sep 13, 2010 9:23am Sep 13, 2010 9:23am
Quoting syedhsg
i use bollinger 20, rsi 14, ema 5
i trade 5 minute chart
my target is 10-15 pips
i get almost 5 trades in a day
i close trades on break -even which go bad
and i did not got any loss in past one month
could you post the picture of the chart?
Steady as the beating drum,,,
  • #9
  • Sep 13, 2010 9:40am Sep 13, 2010 9:40am
Quoting syedhsg
i use bollinger 20, rsi 14, ema 5
i trade 5 minute chart
my target is 10-15 pips
i get almost 5 trades in a day
i close trades on break -even which go bad
and i did not got any loss in past one month
Very interesting. Can you describe how you use the ema 5 with the bollinger bands?
  • #10
  • Sep 13, 2010 3:59pm Sep 13, 2010 3:59pm
Quoting syedhsg
i use bollinger 20, rsi 14, ema 5
IMHO, this simple strategy would be more effective to use on multiple timeframe.

Lets say you trade on M5, by having M30 and H2/H4 you could see what the market movement for that particular day/week.

By having RSI 14, you have "invisible" EMA 21 Close on your chart.

Best trading to you

Cheers
~ Let the TRADES come to you - be a TRAPPER not a HUNTER ~
  • #11
  • Sep 13, 2010 4:52pm Sep 13, 2010 4:52pm
Quoting Deanchain
Same as you.. i use bollinger 20 and dev 2.0. EMA9 and EMA21
entry point in daily chart when the price cross the upper bollinger line for sell and under boolinger line for buy.
The longger they cross, the better profit will we get.
I use ema 9 and ema 21 to determine if the trend would change... at daily or weekly chart, or minimum H4 chart
Can post your charts?
I like BB trading method.
Cheers
  • #12
  • Sep 14, 2010 4:30am Sep 14, 2010 4:30am
Quoting tradpat
Can post your charts?
I like BB trading method.
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: example.gif Size: 76 KB


this is my chart.
Steady as the beating drum,,,
  • #13
  • Sep 14, 2010 7:24am Sep 14, 2010 7:24am
Quoting profi4554
IMHO, this simple strategy would be more effective to use on multiple timeframe.

Lets say you trade on M5, by having M30 and H2/H4 you could see what the market movement for that particular day/week.

By having RSI 14, you have "invisible" EMA 21 Close on your chart.

Best trading to you

Cheers
i do look on multiple time frame but i m a scalper i only concentrate on one minute and 5 minute charts
the middle band of bollinger band moves exactly like ema 21
  • #14
  • Sep 14, 2010 7:26am Sep 14, 2010 7:26am
Quoting Max99
Very interesting. Can you describe how you use the ema 5 with the bollinger bands?

the middle band moves exacty like the ema 21 so it canindicate ema 5 and ema 21 crossover.
at the same time i look for times when price go far from ema 5. because it will come back. price has a tendency to stay close to ema 5
  • #15
  • Sep 14, 2010 7:33am Sep 14, 2010 7:33am
here is my template
bollinger bands 20, RSI 14, Ema 5
Attached Image (click to enlarge)
Click to Enlarge Name: my template.JPG Size: 281 KB
  • #16
  • Sep 14, 2010 7:52am Sep 14, 2010 7:52am
Hi pipstroll,
Bol Bands can be used as a stand alone trading method.
Exits:
Will assume an uptrend, downtrend is just the opposite.
1 If price trades outside the upper bol band, this is unsustainable, when it returns back within the bands and forms a pivot high - this is a major sign of price weakness, even if the pivot hi is higher than that of the price action which occured outside the upper band.
Price will either go sideways or reverse

2 When the upper band goes flat or turns down - the current up move is over

Conservative exits
1 When price falls below the 20sma
2 When price falls to the lower Bol Band

If you want to read a good book on Bollinger Bands try "Dynamic Technical Analysis".
"Bollinger on Bollinger Bands" is pretty basic

Hope this is of use
Peter
  • #17
  • Sep 17, 2010 9:50am Sep 17, 2010 9:50am
I am using this method on a demo acount first. In 10 days I gain $ 3000, and even including the big losts of which I add because I mixed with other methods. Plus I put the position if i have lessure time.

How about you guys?
Steady as the beating drum,,,
  • #18
  • Sep 17, 2010 9:57am Sep 17, 2010 9:57am
Quoting lizpet
Hi pipstroll,
Bol Bands can be used as a stand alone trading method.
Exits:
Will assume an uptrend, downtrend is just the opposite.
1...
Have you use it in real account?
Steady as the beating drum,,,
  • #19
  • Sep 30, 2010 12:01am Sep 30, 2010 12:01am
Quoting syedhsg
...
the middle band of bollinger band moves exactly like ema 21
for a normal Bollinger band (if value= 21), the middle band is 21SMA
  • #20
  • Oct 1, 2010 1:55am Oct 1, 2010 1:55am
Quoting supremeChaos
for a normal Bollinger band (if value= 21), the middle band is 21SMA

i have learned that after my last post that midlle band is actually sma , whatever value we put it will become that value sma
thanks supreme chaos
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