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@  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.
@  manfloy : (09 September 2019 - 10:41 AM) https://gyazo.com/25...967a0945fa48037
@  traderpusa : (09 September 2019 - 01:49 AM) Trump should wake up and tweet something lol

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Simple and Profitable; New Bollinger Band Strategy

bollinger bands price action support resistance 5 second chart profitable 60 seconds simple iqoption high win rate itm

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#1 mt4coder

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Posted 17 October 2016 - 08:14 AM

*
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Hello everyone, I have benefited a lot from this community with threads such as Hubba's, Tradesmart and Seeingblind. For this reason I will be share my strategy and hope some of you will achieve the success I have had with it...

 

That said; there are numerous bollinger band strategies around. This one is not different, just a different approach.

 

RULES;

Bands; 14;2 on One minute and 5 seconds charts

PUT; Price should be above upper band on both charts i.e overbought

Then wait for five second chart to show a strong Red/down candlestick indicating the market will most likely go down for 30-60 seconds

 

CALL; Price should be below lower band on both charts i.e oversold

Then wait for five second chart to show a strong Green/up candlestick indicating the market will most likely up down for 30-60 seconds

 

Those are the basic rules; I will add more rules that make the strategy more robust as we go.


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#2 mt4coder

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Posted 17 October 2016 - 08:19 AM

The Cons on this strategy; you need 5 seconds chart; I will be posting my setup


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#3 mt4coder

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Posted 17 October 2016 - 08:47 AM

97Kfxn9.png


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#4 mt4coder

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Posted 17 October 2016 - 08:48 AM

Above was the first trade; the green candle was not strong enough but a very tight ITM anyway



#5 mt4coder

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Posted 17 October 2016 - 08:54 AM

I had traded earlier and achieved my daily targets but I am making new trades to demonstrate the strategy

Second trade ITM; 2/2ITM

MagVmxT.png


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#6 mt4coder

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Posted 17 October 2016 - 08:56 AM

Trade 2 outcome here;rSNc30r.png



#7 mt4coder

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Posted 17 October 2016 - 09:03 AM

Third trade; 3/3ITMDbUVk7b.png


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#8 mt4coder

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Posted 17 October 2016 - 09:05 AM

I hope the rules are clear; I will wait for questions now.

- Once the rules align do not hesitate to pull the trigger

- Trades on a new candlestick or close to the open of a new candlestick are best


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#9 sangoldline

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Posted 17 October 2016 - 09:09 AM

how you know strong candle or weak candle?


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Be Brave! Everything is Possible! :)


#10 kubn2

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Posted 17 October 2016 - 09:09 AM

for how long you trading with this strategy?

when we should open the trade? On the third screenshot you opened trade in the middle of 1min candle



#11 mt4coder

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Posted 17 October 2016 - 09:12 AM

how you know strong candle or weak candle?

A relatively long bullish candle closing on or near its highs or a relatively bearish candle closing on or near its lows. Sometimes I wait for two to be more comfortable



#12 sangoldline

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Posted 17 October 2016 - 09:12 AM

is that correct?

or weak candle also itm?

Attached Files


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Be Brave! Everything is Possible! :)


#13 mt4coder

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Posted 17 October 2016 - 09:14 AM

for how long you trading with this strategy?

when we should open the trade? On the third screenshot you opened trade in the middle of 1min candle

Couple of weeks now. I trade immediately I see a setup, however, its preferable if the setup occurs at the beginning of a new 1min candle. I trades in the middle of the one minute candle since my broker allows me to enter within the first 30 seconds till expiry of one minute option. 



#14 sangoldline

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Posted 17 October 2016 - 09:15 AM

check this and reply what i do wrong?

Attached Files


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#15 mt4coder

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Posted 17 October 2016 - 09:22 AM

which is the 5 second and which is the one minute chart?

Look to trade if a setup occurs and purchase time is around 40-25 seconds; this means we are near a new candle or at the beginning of a new candle

check this and reply what i do wrong?


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#16 kubn2

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Posted 17 October 2016 - 09:24 AM

Couple of weeks now. I trade immediately I see a setup, however, its preferable if the setup occurs at the beginning of a new 1min candle. I trades in the middle of the one minute candle since my broker allows me to enter within the first 30 seconds till expiry of one minute option. 

thanks for the answar so if you trading couple of weeks now for sure you have more stats about itm/otm can you share it how looks itm/otm in longer period?



#17 sangoldline

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Posted 17 October 2016 - 09:30 AM

which is the 5 second and which is the one minute chart?

Look to trade if a setup occurs and purchase time is around 40-25 seconds; this means we are near a new candle or at the beginning of a new candle

left side is 5seconds chart that i buy


Be Brave! Everything is Possible! :)


#18 mt4coder

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Posted 17 October 2016 - 09:31 AM

Another trade; the win was very tight as trade went into another new candle. 4/4ITM

NBnRfBZ.pngM9xMgAL.png



#19 mt4coder

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Posted 17 October 2016 - 09:36 AM

left side is 5seconds chart that i buy

If the setup appears too late or near the other outer band, avoid the setup.

 

thanks for the answar so if you trading couple of weeks now for sure you have more stats about itm/otm can you share it how looks itm/otm in longer period?

Like I said; I have learnt a lot from other threads; the secret is not focusing on how many ITMs or win rate; Focus on winning one trade at a time even if its one ITM per day. Only trade crystal clear setups that you have no doubt about when pressing PUT or CALL. I restrict my daily trades to 10 crystal clear trades and I win the majority. After I reach 10 trades I switch to demo and continue learning/practicing

My normal day is usually in the range of 7/10ITM to 9/10ITM. However if I get to 5/5ITM; I stop trading till next day.


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#20 sangoldline

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Posted 17 October 2016 - 09:38 AM

good information :)


Be Brave! Everything is Possible! :)






Also tagged with one or more of these keywords: bollinger bands, price action, support resistance, 5 second chart, profitable, 60 seconds, simple, iqoption, high win rate, itm

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