Scalpeur journal, scalping the bollinger band

Update post #397 (this morning)

Now the price touch the bb20 + bb30, the price still can go down, but he can also go up before go down again. So i take profit and see later.

http://nimga.fr/m/N3MTy.png TP hit

Hello Scalpeur,
Very impressive results and system. Congrats on that
I am new here, have read all threads of this yours topic. But still do not get a bit when is the trigger to enter. I would like to scalp at 5M timeframe. So these are my steps(please correct me if i am wrong):
1. Open M5 chart and try to find places where BB360 is next to BB100 and BB20.
2. When i see all these BB next to each other i turn on M30 and look for confirmation that BB100 and BB20 is next to each other
3. If i get confirmation i check in M30 that 20BB is in 100BB lower side.
4. If 20bb is in lower side of 100BB i check MACD for confirmation(divergence or new high).
5. If MACD is confirmed then i am entering that trade.
Is it ok or not really?
AS an example there is GBP/USD trade(should be taken or not?)
There was a divergence in M5 but in M30 price was below BB360? And when it was correct time to enter? When in M5 after divergence it crossed BB20 middle line or before?

At this time the GBP/USD is difficult to see clearly.

Must see Daily and 4 hours. (for long time i see down)

http://nimga.fr/m/Qq5ME.png

http://nimga.fr/m/BNC9y.jpg

i took one short, but i close with 31$ profit, to difficult to predict at this time.

http://nimga.fr/m/3PN1p.jpg


http://nimga.fr/m/2k0eR.png

Now i close with profit, he will go to my target



http://nimga.fr/m/Zeyiu.jpg

Some time, need to wait all the day, the good setup: 7 minutes = 176 $


http://nimga.fr/m/Tqy45.jpg 20h11


http://nimga.fr/m/jlhSz.jpg 20h18 + 176$

Hi scalpeur,

in this setup do you buy because the 20/100BB is constricted then expanded , so you see the price is going to touch the white top BB(360)?

2 hours chart WTI say target 95.00 (i have this target from this morning)

What about EUR/USD?
M1 BB100 started going upside
M15 BB20 is in BB100 + MACD divergence

Another small scalp gbp/usd = 31,50$ profit

http://nimga.fr/m/73fv4.jpg 20h36

http://nimga.fr/m/cMo6q.jpg 20h41

Couldyou explain your last GBP/USD trade?
In 1M chart i BB100 flat and BB20 moving upside just before you enter the trade. Should we track of BB20 or BB100 angle of direction? (in your post in first page you were taking bb100 direction).
Then on M15 chart i see that candle closes at middle BB100 level and you entered before it where i see the middle break in M5 chart (20.30 yours time). So is it enough to use time frame higher charts as you now?
Thank you inadvance

http://nimga.fr/m/RmR06.jpg

@ orangutanga

For eur/usd, everything going to fast no time to post. ( again 31$ profit)


http://nimga.fr/m/V0WgW.png

http://nimga.fr/m/7B80p.jpg

http://nimga.fr/m/JoDIX.jpg


http://nimga.fr/m/Lomq7.jpg

I also entered Eur/USD and closed already my position when it reached 1.2760 level(made 40 pips)

It is really awesome explanation. So basically you use M5+M1 for extreme scalping? no i see gbp/usd good for short as M1 already declining and M5 made double top with MACD divergence. Am i right?

Difficult to say some time, you need to follow the pair, before make a prediction. (i don't follow so much the eur/usd)

If you open a book on the middle to read the story, you don't understand, you need to see and understand what append before.

Yes, 1 min and 5 min, for extreme scalping.

I really really appreciate your answers thank you so much for them!
Just the one is left to finalize that trade you took of GBP/USD at 20.36. Exit you had at 20.40. At that time GBPUSD price was touching BB100 top line. Exit signal is clear. The question is when to set up exit to be BB100 middle and when to be BB100 top line? As given in that chart with explanation you wrote that TP between 14 and 20bb so target must be medium of BB100, but you took profit at the top of BB100

i am not familiar with gbp/usd, i want just to cover the spread, take a little profit and go out, on the same time i miss a good profit on gold.

You can take profit any time you want, better a small profit, than a loss, there is many pair, you can find another setup.

Hi Scapeur,

is this another method you use? How do you know it will hook up?


Also , do you use the same BB confluence method on gold ? And what time frame do you use?