Bollinger bands strategy for nifty


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My strong advice to you is to not tweak the settings at all. It's actually better to stick with 75, as this is the setting all the traders are using anyways to make their decisions.

Bollinger Bands Forex Strategies, List of Bollinger Bands

Today I 8767 m going to discuss a great Bollinger Bands Strategy. Over the years I 8767 ve seen many trading strategies come and go. What typically happens is a trading strategy works well on specific market conditions and becomes very popular.

1Minute Binary Options Strategy With Bollinger Bands And

Are you frustrated?  Does it seem like every trade you find either stops moving the moment you get in, or completely reverses on you and stops you out. EVERY SINGLE TIME! Your dreams of supplementing your income are slowly fading.

Conversely, when price touches the lower Bollinger Band and the RSI is above 85 and retreating, it indicates the trend should continue. If however a price touches the lower Band and the RSI is below 85 and falling (in an oversold state ), it indicates the trend may reverse and move upward.

I just struggled to find any real thought leaders outside of John. I write this not to discredit or credit trading with bands, just to inform you of how bollinger bands are perceived in the trading community.

Since long aggressive trend develop not that often, there will be on general more reversals than continuation cases, still only filter signals form other indicators may help to spot true and false market tops and bottoms.

Basically, this little tool tells us whether the market is quiet or whether the market is LOUD ! When the market is quiet, the bands contract and when the market is LOUD , the bands expand.

Conclusion
As one the most popular trading indicators, Bollinger Bands® have become a crucial tool to many technical analysts. By improving their functionality through the use of two sets of Bollinger Bands®, traders can achieve a greater level of analytical sophistication using this simple and elegant tool for trending. There are also numerous different ways to set up the Bollinger Band® channels the method we described here is one of the most common ways. While Bollinger Bands® can help identify a trend, in the next section we'll look at the MACD indicator which can be used to gauge the strength of a trend. (To look at other types of bands and channels, take a look at Capture Profits Using Bands And Channels . )

While bands do a great job of encapsulating price movement, it only takes one extremely volatile stock to show you the bands are nothing more than man's failed attempt to control the uncontrollable.

Long Entry signal : RSI69 55 and there is an apparent positive failure swing see RSI Analysis ). At the same time the price chart forms a bottom outside the bands and moves above B L . Enter long when the price retests its low and remains within the bands, failing to form a lower low.


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