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Scalpeur journal, scalping the bollinger band

  • #461
  • Oct 20, 2014 2:02pm Oct 20, 2014 2:02pm
Quoting NWGstudent
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

For example, I am currently watching the eur/usd, on m5 it broke upper BB 20, 100 and 360 if i look at same chart with same boilinge bands 15min there are 60pips until it touch 360band and there is a confluense with 20/100 band and a confluence with 100/360 band, does this indicate it will touch upper 360 band?

I think i am missing something, isnt the various timeframes going to point me in the same directions?

Im sorry for asking so much but i didnt quiet get the rules and settings.

Yours sincerely.
Attached Image (click to enlarge)
Click to Enlarge Name: BB.jpg Size: 450 KB
  • #462
  • Oct 20, 2014 3:32pm Oct 20, 2014 3:32pm
Scalpeur hi,

One thing I don't understand is how many BB's do you use?
You use BB20,100,360,600,720 - fine, this I saw is standard for you.
But then you mentioned also BB30,40,80.. sometimes one very small timeframes you had BB160,180..
How do you decide when to put a BB30 or 80, additional to the standard ones?..

Second question, if for example a inf BB is flat then it means:
a. price cannot go down starting the moment the inf BB becomes flat, or
b. it can still go down, until reaches inf BB - and then after touching the inf BB the price can go up?


Thanks,
Dragos
  • #463
  • Oct 20, 2014 6:46pm Oct 20, 2014 6:46pm
Squeeze forming, so the price must go to the previous high.


http://nimga.fr/m/syQge.jpg
  • #464
  • Oct 20, 2014 7:00pm Oct 20, 2014 7:00pm
I use bb20 +100 +360+ 720.

But in some case, it's not clear, so i have to use any number match to see where is pointing the bb.

Many user of mt4 use 1 hour and 4 hours TF, and bb80 in 1 hour = 4 hours, or bb80 in 4 h TF = 16 hours (the regular bb is 20).

More you go on high TF (1 day or 1 week) more is better to use, very small number of bb like 10 to 30.

In the case of yesterday, we are in the middle of bb720, TF 1 day, i put bb until i see a pointing of bb or confluence of bb, they say up.

But remember only 95% of the candle are in the bb, you have 5 % mistake, so put your stop to the BE (cover the spread, after you earn or not, is not a problem).

The macd not reach the 0 line, be careful when he go near the 0 line, we can go down or up.


http://nimga.fr/m/F9Fv5.png
  • #465
  • Oct 20, 2014 7:11pm Oct 20, 2014 7:11pm
Quoting dragos_
Scalpeur hi, One thing I don't understand is how many BB's do you use? You use BB20,100,360,600,720 - fine, this I saw is standard for you. But then you mentioned also BB30,40,80.. sometimes one very small timeframes you had BB160,180.. How do you decide when to put a BB30 or 80, additional to the standard ones?.. Second question, if for example a inf BB is flat then it means: a. price cannot go down starting the moment the inf BB becomes flat, or b. it can still go down, until reaches inf BB - and then after touching the inf BB the price can...

When the bb is flat, we are in range, so check the macd to see where we go, or go with higher TF to see the bb.
  • #466
  • Oct 21, 2014 2:58am Oct 21, 2014 2:58am
lets say you are trading 5min charts, there is confluence with bands and the bands are suggesting that the price will drop. How do you decide if you take the trades or not?

If trading a 1min chart will bb 360 indicate the move of the 1 hour chart?
  • #467
  • Oct 21, 2014 3:45am Oct 21, 2014 3:45am
Depend of the pair, the session, the spread, the new's (in oanda i try to never take trade when strong negative swap).

This is experience, as i say i watch 5 screen's bollinger band 16 hours a day from 2008, after you have filling. (every thing in bollinger is repeat again, again)

It's not easy, yesterday @verjanso ask what i think of eur/usd, to make the analyze i make 35 minutes to see where euro can go, today the price go 1 pip below what i say.

I think 30 minutes is good long therm to make scalping, if is no clear : stay out or go to another pair.
  • #468
  • Oct 21, 2014 7:40am Oct 21, 2014 7:40am
http://nimga.fr/m/vG8sv.png 19h51

http://nimga.fr/m/dtJZJ.png 20h36
  • #469
  • Oct 21, 2014 8:48pm Oct 21, 2014 8:48pm
Thank you scalpeur
  • #470
  • Oct 22, 2014 12:18am Oct 22, 2014 12:18am
http://nimga.fr/m/JeP9V.png

http://nimga.fr/m/uM7Af.png
  • #471
  • Oct 22, 2014 8:11am Oct 22, 2014 8:11am
http://nimga.fr/m/El8yR.png 19H31

http://nimga.fr/m/pmhj4.png 21H07
  • #472
  • Oct 30, 2014 8:05am Oct 30, 2014 8:05am
Hello Scalpeur, early in the thread you mentioned that you sometimes use TMA bands too. When you have a bit of time, could you please share some examples with it ? Thanks a lot
  • #473
  • Nov 6, 2014 8:15am Nov 6, 2014 8:15am
Quoting verjanso
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{image} on the 1H price is going to the other end of BB100 which is about 1.27 and maybe mid BB720 then maybe BB360{image} on the 1D price is going to reach BB720 inf which is 1.24{image} 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...

POST 442

Finally EU touched TP 1.24
Took long time....:nerd:
  • #474
  • Dec 17, 2014 8:19pm Dec 17, 2014 8:19pm
Hi,

I am busy guy's, i have a daughter born in October, and it's totally unpredictable, the forex it's more easy.

http://image.noelshack.com/minis/201...7-daugther.png
  • #475
  • Dec 17, 2014 9:33pm Dec 17, 2014 9:33pm
I finish 339 of the contest FXCM, just not make crazy order, try to understand the new spread fee and commission of fxcm. (LOL the first week i don't understand, the commission, i don't know, you have commission in and out, i thinking it's a bug) (still don't know the commission of the gold and oil)

I make 779 trades, 100% won
Still 6 orders open (oil, still don't see any rollover).

The first NFP i make with FXCM, for the first 10 minutes, i can make only 3 orders with FXCM vs Oanda 18 orders. (make order without TP)


http://image.noelshack.com/minis/201...ntest-fxcm.png
  • #476
  • Dec 17, 2014 9:51pm Dec 17, 2014 9:51pm
http://nimga.fr/m/gPPFy.png

http://nimga.fr/m/nlkiQ.jpg
  • #477
  • Dec 17, 2014 10:11pm Dec 17, 2014 10:11pm
Quoting scalpeur
Hi, I am busy guy's, i have a daughter born in October, and it's totally unpredictable, the forex it's more easy. {image}
Congratulations and wishing you many years of cuteness and joy !
  • #478
  • Dec 18, 2014 7:22am Dec 18, 2014 7:22am
Quoting scalpeur
Hi, I am busy guy's, i have a daughter born in October, and it's totally unpredictable, the forex it's more easy. {image}
Very nice
The best wishes for you and your family scalpeur!
  • #479
  • Dec 18, 2014 2:42pm Dec 18, 2014 2:42pm
Congratulations and good health to your daughter ! Thank you for sharing your knowledge.

Have good Holidays !
Attached Image
  • #480
  • Dec 22, 2014 2:16am Dec 22, 2014 2:16am
Different server = different candle

Take your profit when in any server, the price touch the BB.

http://nimga.fr/m/qy5VL.jpg

http://nimga.fr/m/sCA0e.jpg

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

http://nimga.fr/m/o9UQO.jpg
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