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Bollingerbandstrategy

$DOGE 🐕 | Multiple Rejections For DOGEUSD here we may have possible reversal sentiment. The Elon Musk effect may have run its course for now as multiple rejects on the resistance line with no successful push through. We also have overbought levels on the RSI and the upper Bollinger Band. For this short, the Stop Loss is placed above the upper band and patience is key. Waiting for the confirmation candle to close below that upper band fully is key. Trade is active and highlighted by the short position graphic. Profit set above the next support line as well as the 200 EMA for good measure is also noted.
COINBASE:DOGEUSDShort
by CryptoHotep
$AUDUSD | Nice Bounce Upcoming?Simple idea here: AUDUSD breaking below lower Bollinger Band with several following candles showing slowed down trend. If we close the current (circled) candle successfully fully above the bottom band, simple is expected. Next resistance lines are noted (drawn off the daily with at least two touched) with the Stop Loss & Take Profit also highlighted. Easily can clear this but have to take in account 20 MA and also that the RSI is not at extreme levels so not expecting a huge move.
Long
by CryptoHotep
Bitcoins expansive Bollinger Bands suggest Bear Market is endingTLDR Every time the chart has looked like this bitcoin has had a powerful move to the upside. The easy bet is price will go to the upper limit of the monthly bollingerband before "deciding" if it wans to go higher. Analysis The Bollinger bands are a marvelous indicator that helps predict where price action can ranged based off of statistics depending on your lookback period and how many standard deviations you want to include. The default setting suggest that some 95% of price action on the time frame you are looking at will fall in the Bollinger band. Depending on how price action moves the Bollinger Bands can channel up, channel down, expand or pinch. When the Bollinger bands pinch it is a sign that volatility is dropping. When they expand it is a sign that volatility is increasing. In the examples shown the expansion has predicted that bitcoin will move to the upside and really start to put some pressure on the top of the Bollinger band, moving it upward. Right now we are just leaving the only time that bitcoin found support on the monthly Bollinger band. We have done so for many months and so far we are being rewarded with a sign of more upside movement. The RSI and Log MACD suggest that we are at a relatively low and the easiest route is upward. Both have hidden bullish divergence as price has set a higher low but the indicators have set lower lows from the Covid 19 low. Linked Ideas and my plan My linked ideas have shown I have consistently been calling the bottom in this range for many months. I think it is still too soon for the top performers of the last bull run to have their time now but I do think some "OG" goings are going to shine, like XRP, Dash, Bch, and XMR and I will be positioning myself into those tokens shortly.
INDEX:BTCUSDLong
by This_Guhy
3
$MATIC | Extreme over bought levels upcomingI recently took a long with MATICUSD and was a successful trade. It has also cleared previous resistance currently and looking toward the next short term (drawn from the Daily) resistance level, highlighted with the blue line. MATICUSD is also clear of the 200 EMA but if you look at past movements, the 200 EMA has not been respected by any means. We are also approaching extreme over bought levels at 70+ with the upper band of the Bollinger Band being broken. My eyes are on this and looking for a confirmation candle to SHORT from the most resistance line.
COINBASE:MATICUSDShort
by CryptoHotep
$F | Bounce En route? 🚗With Ford reaching support zone levels (as well as key value level) not seen since June and February as well as extreme oversold levels, this may be the call for a reversal here upcoming. I am keeping my eye on this and waiting for a confirmation candle to signify change of sentiment as the bottom band on the bollinger band has been broken. The market itself, is in shambles but certain stocks sometimes revert to their "own" ways vs. what the rest of the market is doing. We will see if $F will make a move here. 👀
NYSE:F
by CryptoHotep
$XRPUSD | The Ride May Be Over.....For NowXRPUSD had a nice run up most recently, but with its break of the upper Bollinger Band along with over bought status at extreme levels, reminiscing February 2022, we may be looking to revert course. Currently under the 200 EMA as well and rejected off of the major resistance zone, I think a safe landing would be next major level of support for the time being. I waited until the confirmation candles following the Doji at the top to take this trade and am learning to be even more patient with my daily charts.
BITSTAMP:XRPUSDShort
by CryptoHotep
1
$AAPL | More Pain Upcoming 🍎Given the market conditions, economic headwinds, and tech as a whole as well as the break below the previous support area all spells a consistent & continuous downward trend. We also gapped down today from gapping up yesterday. Amazing. Take also in consideration that RSI levels still have room to move. I suspect a bounce off the lower Bollinger Band and then a major rejection off the trendline. Long term we will continue this down trend and the next place we land potentially could be the $140 area.
NASDAQ:AAPLShort
by CryptoHotep
$USDCHF | Potential Stopping Point?With USDCHF at extreme overbought levels and rejection from the previous resistance along with the long candle stick, we are looking at a short for the Swiss Franc with a stop loss set above the entry candle and take profit below the 20 MA and 50 EMA right above the 200 EMA. I think for the time being we trade in this channel here highlighted by the blue lines, which designate a short term (DAILY time frame) support and resistance whereas the zones are more longer term. (WEEKLY time frame)
Short
by CryptoHotep
$DOGE | Finally reaching over bought status again$DOGEUSD 🐕 has finally reached overbought levels, that haven't been seen since mid-August. To put it bluntly it's been particularly quiet on the $DOGE front. We may have a SHORT opportunity here upcoming and my eyes are peeled on this near term resistance level on the 4hr and breakout of the upper band. Waiting for a confirmation candle as well as RSI to point downward before a move is made. Also remembering that $BTCUSD moves opposite of $DOGEUSD TYPICALLY. So if $DOGE is pumping then $BTC is stagnant or on the decline. This is where patience comes into play.
BITTREX:DOGEUSDShort
by CryptoHotep
DAX 40 - Will Daily Support Hold?Looking at trading the Dax 40 using Bollinger bands, fib retracement levels, and engulfing candles. The Dax is currently sitting on a crucial daily support zone. Most assets across the financial market spectrum are all breaking crucial support levels. This is why I am not choosing to jump into any positions for the time being. These levels are a bit dangerous and I would rather wait to see what price does If the price breaks through this support zone, I can then start looking for short setups. However, if the price bounces off of this level and forms smaller and smaller bearish candles and then prints a large bullish engulfing candle, I would have some confluence to go long. My Bollinger Bands strategy has been published a few times and is currently in a forward testing state. We wait for the price to pierce through one side of the Bollinger bands. We then wait for an engulfing candle to appear taking out previous support/resistance. Once we see this, we use our fib retracement levels on the engulfing candle itself. We enter on the 0.236 fib level. Our stop goes a few pips above or below the 1 fib level. Our targets will be the other side of the Bollinger bands. However, we need to make sure we get a decent risk to reward of at least 1 to 2. Swinging in the 4-hour time frame requires patience and since we are mostly practicing sitting on our hands, we want to make sure we get the most possible return for our risk. Now, I have been testing out this strategy in the 15-minute time frame as it works very very well. I will leave that for another time. Remember, we are waiting to see if the price will hold above this crucial daily support level and we want to then see the bearish candles become smaller and smaller. Small candles will prove to us that the bears are weakening and that the market is slowing down. If we see a Doji candle, we will know that the market is undecided and this could add some confluence to a reversal. We also have divergence playing out across the MACD, which shows us that the bears are weakening out. Bollinger bands are a great tool to use. Do not use them solely on your own. Use them to help add confluence and confidence to any particular setup or pattern that you are trading. I hope you all have a fantastic weekend and I will be seeing you all in the next one. The Vortex Trader
CAPITALCOM:DE40Long
by TheVortexTrader
$ETH | Feds 75 bps = Erratic BehaviorI've added the Bollinger Bands into trading strategy as an added confluence and to help identify proper pull backs and knowing when the market turns. Was watching $ETHUSD closely today and as with everything else after Powell's sentiments, it went haywire. If the $ETHUSD were to clear the 20MA I would have longed but with it closing and retreating back to levels prior I am shorting this as it looks more like a pull back as previously noted from prior levels. Also I am using primarily the Daily and 4HR charts to trade as I am mostly swinging. We are still in a downtrend and I see a little more pain to come.
COINBASE:ETHUSDShort
by CryptoHotep
4
Bollinger Bands & Double Bottom Setup For The Dow JonesLet's have a look at the Dow Jones on the 4-hour chart. I am looking at trading this potential double bottom. We have the Bollinger bands on and I have highlighted a zone of support/resistance in yellow. We can call this zone the neckline. This zone has been flipped from support to resistance and back to support many times in the past. Currently, we are sitting above this zone so I would like to see a pull back into the zone before opening up a long position targeting the 32550 price level. The double bottom is not perfect, but then again, patterns in trading rarely are. The wick-up to the yellow neckline shows me that this is an area that is respected. So, with that in mind, if we can flip that area into support, then it gives way for a possible long entry. The middle line of the Bollinger bands lines up nicely with the yellow neckline adding confluence to the setup. Looking at the MACD Histogram, we can see we have some divergence that has shown the bears weakening across the two 'bottom peaks’ of the wonky-looking double bottom. The MA lines of the MACD have crossed over but are still below the Histogram, indicating bullish price action but the larger trend still being bearish. This is the 4-hour chart so patience must be respected to trade this time frame. Let's watch and see what happens when the markets open. Have a great Monday and a great week ahead. The Vortex Trader
TVC:DJILong
by TheVortexTrader
Bollinger Bands Strategy For The DAX40 Today, I am going to speak about my new DAX 40 Bollinger Bands Strategy. I have been testing out a new strategy using the Bollinger bands, fib retracements, and fib extensions on the 4-hour chart for the DAX. I am currently forward testing this strategy and I plan to keep forward testing it until the end of the year so we can see how it fairs in the long run and if it's going to be profitable or not. I would like to share this idea with you all today. Let me explain the setup. We open up the 4-hour chart on the DAX and we open up the standard Bollinger bands. We then look for entries as soon as we see price break through the top or the bottom of the Bollinger bands. This is somewhat of a reversal strategy. I wait for the price to break either side of the bands, and then I look for the next candle to be the opposite of the candle that broke through or wicked through the bands. If the next candle engulfs the previous candle, I then use the fib retracements to find an entry. I run the fib retracements over the engulfing candle and enter on the 0.236 fib level. My stop will always be a few pips below or above the 1 fib level. I then take my trend-based fib extension tool and place the three clicks like so : First click – on the top or bottom of the Engulfing candle. Second click – The other side of the engulfing candle. Last click – simply drag the took towards the right and extend it out. I use these two fib levels for my targets. Generally, I like to see price touch the other side of the bands as my target and if the extension lines up with that, then great. I always look for a minimum risk to reward of 1 to 1.5 or 1 to 2 ( Depending on how far the extension takes us ) As you can see in the video below, so far in the month of July, this strategy generated close to 10% in profits ( risking 1% per trade) In August this strategy generated 3.5% So, so far we are doing well with it. I have done back testing with it but I prefer forward testing on a live account as this usually helps confirm the psychology for me entering and exiting this setup. So, I will keep posting videos whenever A Dax setup presents itself. Let's keep this testing going until the end of the year and then we can decide if we should try it on a funded challenge! The Vortex Trader
OANDA:DE30EURShort
by TheVortexTrader
2
DAX 40 Bollinger Bands Long Strategy I am looking at trading the DAX today on the 4-hour chart. We have seen nothing but bearish momentum and looking for a bullish setup right now is pretty risky. This is why I have decided to grade this setup ( as it is a counter-trend ) as a ‘C’ Grade setup. Price has touched the bottom of the Bollinger bands and I am waiting for a bullish engulfing candle to show up with some strong bullish volume to accompany it. If we see close above previous candles taking out previous resistance with an engulfing candle, I will then place a fib retracement tool over the engulfing candle from the very bottom to the very top including the wicks. My long entry will be a pending order which will trigger once the price touches the 0.236 fib level. If we get an entry, my targets would usually be the very top of the Bollinger bands. However, I am a conservative swing trader and I know this is a counter-trend trade so I am willing to take profits off the table once the rice reaches the middle Bollinger band. As this is a counter-trend setup, I am only looking at a risk to reward of 1 to 1.5 I will also not be risking my usual amount. I will be risking less Looking left, we can see that price is in an area that has been respected as previous support and resistance. This gives me more confidence and confluence that the price is going to be calming down for the time being and that it will allow us to look for some setups. Hope you all have a great trading day. See you on the next one The Vortex Trader.
OANDA:DE30EURLong
by TheVortexTrader
USD/CHF Weekly Trade setup August 22, 2022Bolinger Band & MA: the price is entered the sell zone of last week, however the price also hits on weekly BB lower line and MA 50. expecting a stronger bounceback , breaktru sell zone of last week and make its way to 1.000 Gann Fan: looking at the weekly and monthly gan fann, current price at 3/1 line area. looking forward for the price to breakthrough current resistant on 1.0000 and go even higher to 1.05 in the recent future. we looking for the price to go higher but for entry wise, we are going to start to place sell order by phase when the price go higher. plan your stoploss, and have a backup plan.
Long
by Remon_T