Scalpeur journal, scalping the bollinger band

Have a nice trip

Hello Scalpeur,
Wonder if you come back from the holiday?Hope you had a good one.

i got a little question about the EURUSD and i would like to know how you think about EU

on the 15M price will go to the other end of BB360 which is about 1.27


on the 1H price is going to the other end of BB100 which is about 1.27 and maybe mid BB720 then maybe BB360

on the 1D price is going to reach BB720 inf which is 1.24


My question is 15m and 1h is going to reach 1.27 but the 1D is going to 1.24 which one is correct ?
Or on the 1D chart price is considered reached the TP and will go upward to mid bb720(1.31)?

What do you think?

Hi,

Your analyze is correct.

1.24 is still the target., but i am stay away from eur/usd for the end of the week, i want to see if we broken the weekly previous candle by the Top.

(China come back today after 7 days Holiday, let's see if they drive the euro up or not).

http://nimga.fr/m/tgEx2.jpg

Thank you for the reply.

ON the weekly chart what if the price is above previous candle then what will happen?

http://nimga.fr/m/8HreQ.png

i see, thank you.

Hello Scalpeur,

Re about 1H EU,
what do you think about this?

at this point no easy to answer, in few's hours, you have Draghi speak, and then FOMC. (and the price stop to 1.28 psychological number).


TF 12 HOURS = The price touch bb20, he can go to bb30 (arround 1.29)
http://nimga.fr/m/ZGKQp.jpg

But if i put TF 3 HOURS, and put bb80 (it's exactly same as bb20 in TF 12 hours), the bb80 is flat.

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

Too difficult, stay with small TF to scalp.

http://nimga.fr/m/9NKGO.png 11H40

http://nimga.fr/m/YwgVG.png 19H00

The TF 3 hours with bb80 was rigth, the upper bb80 say flat.

The MACD was overbouth (level 40)


http://nimga.fr/m/0A2uX.jpg

Thank you for the analysis. Have a nice weekend

http://nimga.fr/m/vwkn1.jpg 08h18

http://nimga.fr/m/F2ARU.jpg 20h49

Hello Scalperur ,

Recently i found my trades are not doing well because i did not wait for the perfect set up. Jump in to trade to hurry without wait for a good set up.

Normally how many good set-ups in one day when you trade ?

Some day no trade until good setup.

Some setup on my live account: DISCIPLINE, JUST WAIT.

http://nimga.fr/m/IbEy3.jpg

Perfect setup 15min + 30min

http://nimga.fr/m/8PtfA.jpg

Yeah i think i need more discipline and patient for waiting a good setup

I took 2 more trades on Friday, because i believe on bollinger band.

http://nimga.fr/m/YwvIS.jpg friday 19h42

http://nimga.fr/m/Thvgo.jpg monday 09h17

Hello scalpeur,
Sometimes i see this kind of setup and i wonder should i go in or not?

Mid B20 is near up/low B100 and B20& B100 is quite flat and confluence.
But this price is in the mid of B360 or B720 so i wonder if it is good time to entry.

For example ,see attached
B20 is near B100 upper line and its a good setup to short .
But if i add B360&B720 then it seems like not a good time to short it


What is your opinion about this?

Difficult, we are on the middle bb720.

The inf bb720 is flat, so the down is stop.

Higther TF say up to 1.2840.

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

Hey.

Will someone please take their time to summerize what bollinger bands settings to use for each timeframe? and summerize what the entry rules are.
Have been lurking this thread for a while but cant seem to get it.

I get that first of all we need a confluence with 2 or more bands, and then we expect the price to bounce of which band?
Do you only enter lon if all you bands are pointing in that direction? and same for short?

How to recognize when we have a possible breakout?

I love your system, seems solid as rocks