Get profit from bollinger bands every day - Page 218
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Thread: Get profit from bollinger bands every day

  1. #1
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    Get profit from bollinger bands every day

    you will get profit, if use my strategy

    1.open pair eurjpy
    2.open TF 1 hour
    3.use indicator bollinger bands
    4.open PO sell limit at line top bolinger bands with TP 15
    5.open PO buy limit at line bottom bolinger bands with TP 15
    6.if no touch use next candle

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  2. #2171
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    Two things from candlestick as the advantages which can be used to analyze the market where the channel give us the trend and also support resistance levels. Using high time frames become the ideal place to get the true trend and also support resistance levels. We can use bollingerband alone or complete it with using other indicators to minimze the mistakes. For this, i prefer to complete with MA or stochastic

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  3. #2172
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    One hour time frame makes more sense to trade the Bollinger bands indicator because we cannot understand what is happening in the general trend in the market, what we can do to prevent so much losses is to use multiple time frame and then ensure that our entry from the one hour is supported by what is happening in the daily time frame or even the four hour as the case may be.

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  4. #2173
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    Quote Originally Posted by simisola View Post
    One hour time frame makes more sense to trade the Bollinger bands indicator because we cannot understand what is happening in the general trend in the market, what we can do to prevent so much losses is to use multiple time frame and then ensure that our entry from the one hour is supported by what is happening in the daily time frame or even the four hour as the case may be.
    All trend indicators start to work normally from H1 time frames and higher. Indicators are lagging on lower time frames and they give many false signals that should be verified. The same is with Bollinger Bands. But many traders use Bollinger Bands +RSI for scalping and they have good scalping results. But trader shoud not rely only on indicators.

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  5. #2174
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    Bollinger band is a good indicator but the idea is to know the right time when we can go for a trade and try to think with clear mind. Bollinger bands alone cannot be enough for strong trading, we should find stronger signals by using another indicator or chart patterns. Forex needs some realistic kind of thinking because if we go wild with emotions in trading then we have to pay a heavy price.

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  6. #2175
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    Quote Originally Posted by geddam View Post
    Bollinger band is a good indicator but the idea is to know the right time when we can go for a trade and try to think with clear mind. Bollinger bands alone cannot be enough for strong trading, we should find stronger signals by using another indicator or chart patterns. Forex needs some realistic kind of thinking because if we go wild with emotions in trading then we have to pay a heavy price.
    Always we should have to do analysis of the market for our trading because our time selection for trading is main factor for earning profits. And for this analysis part we can use indicators like bollinger bands but using indicators alone might not be so effective. We should also make use of SOR levels and chart patterns for a more effective analysis. It does not matter even if we open just few trades with adequate analysis, proper planning and management, we can end up with good profits.

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  7. #2176
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    Quote Originally Posted by geddam View Post
    Bollinger band is a good indicator but the idea is to know the right time when we can go for a trade and try to think with clear mind. Bollinger bands alone cannot be enough for strong trading, we should find stronger signals by using another indicator or chart patterns. Forex needs some realistic kind of thinking because if we go wild with emotions in trading then we have to pay a heavy price.
    I like the bollinger bands indicator, this is the indicator that will not let you stress yourself too much when you know how to trade it. All you need to do is to use it on the larger time frame like 4 hour or daily chart, and make sure that you use your tight stop loss with it. With this setup and other few added efforts by the trader, this indicator will work successfully.

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  8. #2177
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    Bollinger bands are the best way of trading and traders who are use bollinger bands on their trading they are never lose their money. This is best way of trading to use a trading strategy according to its rules and regulation because if traders are make mistakes on their trading they are never earn any profit from this business.

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