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@  Cookiebrawler : (17 September 2019 - 04:27 PM) MegaMoney 90%
@  aasir : (16 September 2019 - 10:25 PM) Binary Triumph
@  traderpusa : (10 September 2019 - 01:35 AM) that was my bmw lol. E60.
@  Monoaldo : (10 September 2019 - 01:34 AM) E60
@  manfloy : (09 September 2019 - 11:12 AM) well said.
@  traderpusa : (09 September 2019 - 11:07 AM) at least for the moment, china will hold back because of economic conditions. My guess is they want to involve PLA but simply are not in a position to do so for the moment.
@  traderpusa : (09 September 2019 - 11:05 AM) well, regardless of any agreement between uk and europe, there is still nato is trump doesn't blow it up lol
@  manfloy : (09 September 2019 - 11:04 AM) I am really worried about HK if the PLA phase in this can interrupt the entire chain between FX liquidity and current import / export countries. I understand that we have a bunch of corporations exposed to China, now believe that 99 percent of them are stable in HK because they have a high law. If the PLA gets in, they'll substitute this economic centre with a singapore.
@  manfloy : (09 September 2019 - 11:04 AM) Yeah, they're really a very significant player. I am informed that there is also a lot more than economic, for instance there are a number of military agreements agreed between the GB and the EU, which is serious.
@  traderpusa : (09 September 2019 - 11:02 AM) the UK being part of the EU GDP figures, but not part of the Euro only makes things a bit complicated on how to interpret numbers for trading purposes.
@  traderpusa : (09 September 2019 - 11:00 AM) of course one needs to focus on US being the biggest economy but UK is still up there. https://gyazo.com/42...39df1c7c58d9221
@  manfloy : (09 September 2019 - 10:56 AM) I'm focused on the US, so I don't spend so much on the GB, I'm supposed to study it well since 2015, but something has altered worldwide, literally, it's an enormous step in the world's liquidity and global system, modifications are nice, but they're really colorful.
@  manfloy : (09 September 2019 - 10:56 AM) thanks good reading
@  traderpusa : (09 September 2019 - 10:53 AM) As to China, read this over the weekend : https://apnews.com/6...f75f013bf54e6a9
@  manfloy : (09 September 2019 - 10:51 AM) Spectacular indeed lol, this is huge to be honest
@  traderpusa : (09 September 2019 - 10:47 AM) it's gonna be interesting. MP's are leaving the sinking ship and now also Bercow has resigned. Gonna miss this guy lol
@  traderpusa : (09 September 2019 - 10:46 AM) https://gyazo.com/58...16d785753060ff0
@  manfloy : (09 September 2019 - 10:44 AM) I am very concerned about GBP, I have decided to leave until the government is making some definite deals on the Brexit. I'm not a supporter of uncertainty.
@  manfloy : (09 September 2019 - 10:42 AM) US It is expected to rebound until new years, because the season is coming and everyone is ready for new year revenues.
@  manfloy : (09 September 2019 - 10:41 AM) China is underwater now, and I can't even define how starving they are for dollars. Their imports fell significantly last quarter. They're trying to stimulate again, but I don't think it should work out, more than: we're back to the 2014/2015 situation. The issue with the Chinese central bank cutting off the supply of cash, the issue that they are not diversified around the world.


Making Trades Based On Bollinger Bands

bollinger bands

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8 replies to this topic

#1 Chris



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Posted 09 October 2013 - 05:29 PM

This strategy uses Bollinger Bands just like the name implies. The strategy works best when used with multiple time frames. First we need to apply Bollinger Bands to a daily chart and then do the same thing on a H4 OR hourly chart. 


The strategy uses the default 20 setting for the Bollinger. When price is under the middle line of the Bollinger, the market is in a downtrend. When price is above it the middle line of the bollinger, we are trading in an uptrend. We want to utilize the Bollinger bands on the larger chart and then match the trend with a smaller time frame chart.



Call Entry:

Price on the Daily chart must be above the middle Bollinger line

Price on the H4 chart must touch the lower Bollinger Band 



Put Entry:

Price on the Daily chart must be below the middle Bollinger line

Price on the H4 chart must touch the upper Bollinger Band 



What is good about this? Any trade taken in the direction of the overall trend has a higher probability of being successful. The strategy makes you trade only in the direction of the main trend and if the trader manages to keep disciplined and follow the simple rules, this one can be a money maker.

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#2 marijan993



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Posted 09 October 2013 - 06:29 PM

This is great for spot fx, too. Thanks, Chris.

#3 parsifal23



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Posted 09 October 2013 - 11:55 PM


#4 Chris



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Posted 10 October 2013 - 08:24 AM

@MJ Thank you :)

@parsifal23 Bollingers can be utilized on anytime frame but this is more geared toward 1 hour or 4 hour/ EOD trades, It varies based on how strong the signal is and if your view of price action feels it is moving faster or slower.

#5 jeremywozunk



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Posted 19 April 2014 - 10:54 AM

after making a trade, when should i set the expired to? 1 hour?

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#6 Apfelsaft85



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Posted 09 September 2014 - 02:19 PM

Thanks chris for sharing! Any suggestions for ranging markets?

#7 gajonois



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Posted 08 July 2015 - 08:24 PM

Hi Chris I just wanted to clarify a couple things:


When you say set bb to default do you mean 20/2.0?

Also the strategy you mentioned is it for 60 minute trades, 60 minutes from the time i open?

Can I use the same bb strategy for 15 min trades using 15 min and 60 min charts for example?



#8 gajonois



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Posted 08 July 2015 - 09:07 PM

I am using this as an indicator for 6 hour trades using 1 hour and 4 hour charts seems to be giving great results. Would you recommend these harts for 6 hour trades? Thanks.

#9 bokken



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Posted 21 July 2015 - 07:58 AM

Are we to place a trade for 1 candle expiry of the Lower chart? E.G Look at D1 for trend direction, watch H1 for BB breakout and place call for +1 hr from the breakout out or the close of the candle.

Also tagged with one or more of these keywords: bollinger bands

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