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Bollingerbandstrategy

NZDUSD Sell Breakout Bollinger Band Bounce With a set of Bollinger Bands with the Settings of Period: 10 Deviation: 1.500 Shift: 0 Apply to: Close EMA: 8 Shift: 0 Method: Exponential Apply to: Close Color: Red EMA: 21 Period: 8 Shift: 0 Method: Exponential Apply to: Close Color: Green When on the 1hour and 4hour time frame a candle stick touches the upper or bottom Bollinger band bounce and touch the middle Bollinger bang you have a good chance price will return and break through for longer shorts or buy at the market. use proper risk management and place stop loss at the session high!
Short
by s6xfigureforextrader
Russell 2000 Futures Headed To 2668?Exactly one year ago this month the Russell 2000 broke out to new highs and many were calling it the November to Remember as the RTY had an all-time record 18.4% monthly total return This November the Russell 2000 is also breaking out to new highs and on my strategy the look is exactly the same as last year. Will this be another November to remember? I think so, but I don't think it will be an 18.4% rally like last year. I do think that the RTY could rally 10% and look to test 2668 before the end of the year. I use Bollinger Bands with 20 period, 3 standard deviation settings along with a simple 10 period simple moving average on a weekly, daily and 60 min charts as my strategy for this long swing trade.
CME_MINI:RTY1!Long
by anthonycrudele
Bollinger BandsHello, Let's talk about a great indicator called 'Bollinger Bands.' On this chart, You'll read what they are, how you can use them, and what the limitations are. Bollinger Bands are a trading analysis tool developed by John Bollinger. They are used in market finance for technical analyzes and make it possible to assess the volatility and probable evolution of prices or indices. John Bollinger first started using this tool in the 1980s. Bollinger bands consist of three curves, one curve calculating the moving average of the data over N periods, and two other curves on either side of the moving average, each located in their initial version at a distance of twice the standard deviation over the N periods over which the moving average was calculated. Initially, N corresponded to 20 days, but we can calculate the bands over other durations. The distance of the bands can also be changed (e.g., 1.5 or 3 times the standard deviation). With a parameter of 2, if we accept the hypothesis of the normal distribution for the values, then 95% of the observed values are statistically located between the two extreme bands. The bandwidth is a direct indication of the volatility of the asset under consideration. Theoretically, there is more than a 95% chance that the evolution of the value will be established within the framework of the bands adjusted with a distance of two standard deviations. Low volatility is followed by high volatility, and conversely, high volatility is followed by low volatility. As a result, when the spreading of the Bollinger bands is low, it is followed by a substantial spread and, therefore, by high price volatility. These then go up and down with a variable slope. Some people purchase when the price reaches the lower Bollinger Band and exit when the price reaches MA in the middle of the higher and lower bands. Other traders open short positions when the price cuts over the upper Bollinger Band or sell when the price drops under the lower Bollinger Band. Furthermore, the method of Bollinger Bands is not limited to stock traders; options traders, most reputably referred volatility traders, often trade options when Bollinger Bands are historically far separate or purchase options when the Bollinger Bands are historically tight together, in both cases, assuming volatility to relapse to the standard past volatilization level concerning the stock. Once the bands lie close commonly, a time of low volatility is shown. Conversely, as the bands open, an improvement in price-performance/market volatility is foretold. When the bands have only a slight incline and track almost parallel for a long time, the price will frequently vacillate between the bands as though in a tunnel. Traders are usually inclined to practice Bollinger Bands with other indicators to verify price action. In particular, the advantage of oscillator-like Bollinger Bands will usually be linked with a non-oscillatory indicator-like chart model or a trendline. If these indicators approve the recommendation of the Bollinger Bands, the trader will have higher confidence that the bands are foretelling accurate price action about market buoyancy. - If the bands squeeze during a phase of low volatility, it increases the possibility of a visible price move in either direction. This may begin a trending movement. Mind out for a false move in the reverse direction, which changes before the proper trend starts. - When a considerable amount separates the bands, volatility increases, and any existing trend may be ending. - Prices manage to bounce inside the bands' box, reaching one band then moving to the other. You can use these rhythms to identify possible profit targets. For instance, if a price bound off the lower band and crosses over the MA, the upper band matches the profit point. - Value can pass or touch a bandbox for increased periods through firm trends. On alteration with a forced oscillator, you might need to do extra analysis to decide if taking additional profits is suitable for you. - A powerful trend continuation can be assumed when the price moves outside of the bands. Nevertheless, if prices move instantly back inside the band, then the recommended strength is canceled. Bollinger Bands can be applied to discover how well an asset is growing and when it is probably turning or losing potency. If an uptrend is big enough, it will reach the upper band constantly. An uptrend that gets the upper band shows that the stock is selling higher, and traders can utilize the chance to make a buy choice. If the value draws back within the uptrends and lingers above the middle band and moves backward to the upper band, that determines a lot of strength. Frequently, a price in the uptrend should not reach the lower band, and if it does, it is a caution sign for the opposite or that the stock is dropping strength. Most professional traders try to benefit from the powerful uptrends before a reversal happens. Once a stock loses to touch a new height, traders manage to trade the asset at this point to avoid acquiring losses from an inverted trend. Professional traders observe the performance of an uptrend to know when it shows power or weakness, and they apply this as an implication of a potential trend refusal. Bollinger Bands can decide how well an asset is dropping and when it is likely turning to an upside trend. In a pronounced downtrend, the price will move on with the lower band, which explains that selling action remains powerful. But if the price collapses to reach or move along the lower band, it is a sign that the downtrend may be losing force. When there are price pullbacks, and the price lingers under the middle band and then goes back to the lower band, it means a lot of downtrend pressure. In a downtrend, prices should not break over the upper band since this would suggest that the trend may be changing or decreasing. Many traders avoid buying through downtrends, other than looking for a chance to buy when the trend reverses. The downtrend can remain for short or long durations – minutes to months or even years. Investors must recognize any indication of downtrends quickly enough to protect their investments. If the lower bands display a constant downtrend, traders must avoid opening into long trades that show unprofitable. Trading W-Bottoms and M-Tops: W-Bottoms and M-Tops identified 16 models with a fundamental W-Pattern and M-Pattern. Bollinger Bands apply W patterns to classify W-Bottoms when the other low is cheaper than the first low but continues over the lower band. It happens when a low response forms near to or under the lower band. The price then tends back towards the middle or higher and builds a new low price that stays the lower. Limitations of Bollinger Bands: Although Bollinger Bands are practical tools for professional traders, traders should analyze a few limitations before applying them. One of these conditions is that Bollinger Bands are fundamentally reactive, not predictive. The bands will respond to changes in price movements, either uptrends or downtrends, but will not foretell prices. Like most professional indicators, Bollinger Bands are a lagging indicator. Although businesspeople may use the bands to measure the trends, they cannot apply the tool alone to make price forecasts. John Bollinger suggests that traders use two or three non-correlated tools that give more literal market signals. Another limitation is that the official settings will not operate for all traders. Traders need to discover settings that let them set guidelines for particular stocks that they are purchasing. If the chosen band settings fail to work, traders may change or use another tool entirely. The effectiveness of Bollinger Bands changes from one market to another, and traders may be required to modify the settings if they are trading equal protection over some time. Also, if you're interested to learn more about Bollinger Bands, visit: www.bollingerbands.com Bollinger Bands® are the Registered Trademark of John Bollinger Citation: www.bollingerbands.com en.wikipedia.org Bollinger Bands® are the Registered Trademark of John Bollinger I used some sentences from Wikipedia and BollingerBands since they were explained in the best possible way for you guys to understand. Good Luck Let me know your ideas.
Education
by ShawnMCR
13
CAD/JPY Analysis - B Swing AlertWelcome back! Please support this idea with a LIKE and COMMENT if you find it useful. ***** Price is currently re-testing/rejecting Monthly resistance last tested Nov. 2015. Very strong supply zone, impulse on weekly and due for correction, and all B-Swing entry criteria rules have been satisfied for those who use this powerful strategy. Apply the fractional risk management method and use to your advantage. Comment below if you have any questions. Be sure to follow the entry criteria rules for your strategy and keep this on your watch list! - BKH
Short
by BKTradingAcademy
1
Bollinger Bands Explained, All you need to know Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ In today’s video we are going to be talking about the Bollinger bands , How are they constricted and how to use to try to identify trades in different financial markets. Some people think about the Bollinger bonds as a complicated indicator but after you watch this video you will see how easy it is to use. Lets start with the theory before we see a real life example : The Bollinger bands were developed by a man called John Bollinger, so no surprised where the name came from. So the Bollinger breaks down to a Moving average and some volatility bands around that, What we have first is a moving average and on the top and bottom of that moving average we have our bands and they usually are located 2 standard deviations away from the Moving Average. The idea here is to describe how prices are dispersed around an average value, so basically, these bands are here to show where the price is going and how it's moving for about 95% of the time. So how do we use this indicator : 1) The first way people use this indicator is when the market price reaches the edges of the Bands, The upper end for example shows that it's possible that the market is overextended and a drop in price will happen, if the price reached the lower end then the market will be oversold and a bounce in price is due. 2) The second way to use this indicator is called Targets, It simply allows us to set up targets for the trade, if we buy near the lower Band then we could set a target above the Moving average or near the higher Band. Because these bands are based on price volatility they won't stay at the same place from the MA, That means if the volatility drops then the bands will get tighter (Squeeze) , and if the volatility goes up then the bands will go further away from each other (Width). People use this method to try to understand what's going on with the current trend, so basically if the bands are really far away then it’s a sign that the trend is currently ending, and if they are really close then we could be seeing an explosive move in the trend IMPORTANT I always say that you always need to use different indicators when you analyze any chart, this way you will minimize your risk and have a better understanding on how the market is currently doing. I hope I’ve made the Bollinger Bands easy for you to understand and please ask if you have any questions . Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI and The MACD, links will be bellow
OANDA:XAUUSDEducation
by GabiDahduh
4
KSM - Trade SetupKSM followed BTC just like the other coins and just hit support a few hours ago. There are two support areas holding the price up and one resistance in the local price zone pushing it down. THe sell volumes are still there but if the market changes status to Neutral, we might see it consolidate in this price zone. If the price manages to cross the resistance line, after the closure of the first 4H candle above it, you can open long positions and aim for that TP. but for now? just wait. Current Market Price: $207 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
3
Next steps on TSLA! 🤑Ok, Tesla is doing very well, as we expected, but it is trading at its resistance at 606.50. The good news is that we did break the past two pivot points (593.55 and 600.61), and it looks like we are going to hit the 635. The problem in the 4h chart is the 20ma. The BB are getting tighter again, and it’ll explode soon, the question is if it’ll be up or down. Since I bought Tesla near the 580, I’ll just set a stop-loss at my cost basis and leave it. But we can expect it’ll drop to at least to the 593 in the 30 min chart. We just need to be careful with the resistance at 606.50! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:TSLA
by UnknownUnicorn21312077
3
Bullish Setup In EthereumEthereum continues to respond well to a strategy setup I have been seeing so far in 2021. I use my Beacon Indicator which is a combination of Bollinger Bands, Fibonacci Retracements to get support and resistance levels. With this recent selloff in Ethereum we hit my neutral area at 3147 and held. In this video I explain why this area is of great importance to me for the bullish trend in Ethereum to continue and why I believe that 3887 could be on tap next. I also go over my big picture outlook on Ethereum and how I think it will be trading for the next several days/weeks.
COINBASE:ETHUSDLong
by anthonycrudele
6
BTT/USDT : Breakout confirmed BINANCE:BTTUSDT Hello everyone 😃 BTT had a breakout and now Bollinger Bands had a bearish combination with Stochastic RSI ! We might see a retest on broken trendline. After that it could be good to buy a bag of it, If BTC leads into bulls ! Also EMA20 and MA50 are reaching movement and I expect another leg up after retest... Hope you enjoyed our analysis about BTT's possible growth🙌 You can support us with your likes. Also you can share your opinion with us in comments 😉🙋🏼‍♂️ Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BLong
by Helical_Trades
27
DENTUSDT IS MAKING IMPULSE WAVEAssalamualaikum and good evening to my fellow trader, correction wave abc from a downtrend is a flat wave, we can see the price is directed to making a impulse wave 12345 (Elliot waves theory) Good RSI number. I traced the price using a Bollinger that is build in together with Fibonacci Retracement. and the price is at the btm of the bollinger means there will be upward move. A Doji star has been formed along with bullish confirmation at the start of next day. Thank You for your time, Always keep Stop loss. Biar tertinggal rocket ke bulan. Jangan tertinggal roket balik ke bumi. Happy Trading :D OH and i mistakenly put supply / demand at the wrong place. i was too damn sleepy
Long
by UbiKentangKeras
4
Biotech Double Bottom (+ Divergence & Bollinger Reversal)Technical Analysis 1. As you see in the chart, we have tested the 200ema 3 times in the past; and it has not trade below it since April 2020. We have made a spinning-bottom on a downtrend, coincidental with a 4th test of the 200ema. 2. RSI and OBV show a positive divergence as the bottom from 2 weeks ago (Test #3) was at a lower level. 3. Bollinger Bands give us another bullish signal, as the first low (Test #3) was outside the lower BB, and the second low (Test #4) was inside the lower BB. Trade Setup A break below Test #3 which is $142.47 could be a potentially good place to set a stop-loss exit. Short-term target to the upside --> $160.5 Mid-term target to the upside --> $170 Trade with care
NASDAQ:IBBLong
by dorfmanmaster
The strategy with +5411.8 % returns on HOT in 6 monthsA trading strategy that beats HOT's stellar returns may seem like a tough task or requiring something really complicated in order to execute. With what's presented here the goal is to demonstrate that that is not the case. You can beat holding (basically the only reason for trading) and you can do it with a simple strategy. Let's get to it. In the past 6 months just holding HOT would have brought you 757% vs Bitcoin. So if you started with one Bitcoin worth of HOT at the end of September you would have 7.5 Bitcoin today. We want to beat that by trading. This strategy also works on FET, ACT and COV. WILL POST POSITIONS BELOW - I plotted a few on the chart to know what I'm looking at. The strategy goals: - Trade the BTC pair and beat holding - drawdown needs to be limited to 25% maximum. We don't want to go through long stretches where we watch our funds shrink. Having a losing trade after a losing trade can derail discipline. - Simple so anyone can execute it and can be automated for gains while you are sleeping The strategy: After trying different approaches and removing all redundant strategy rules though trial and error we have the most simplistic and powerful strategy to beat holding HOT many times over. All you need to do is: On the 30 min chart - open a position when price is below the lower Bollinger Band (standard settings) - close the position when price is crossing up the higher Bollinger Band No stop loss or take profit - we always respect the market based close rule. The results: In 6 months this strategy returned a massive 5411.8%, convincingly beating just holding HOT. If you started trading this strategy in September with 1 Bitcoin you would now have 54.1! What's very impressive is that the maximum drawdown was only 19%. That and the massive returns gives us a Sortino Ratio of 37.2 (for comparison any strategy above 2 is considered good). The strategy opened a total of 72 positions winning 73.6%. Not only is the win rate great but the average win is at 8.5% while the average loss is 2.86% which is why the strategy is performing so well. If you trade this expect to hold a position for a day and 8 hours on average. If there's anything I can clarify please let me know. The positions: 28/03/2021 13:00 28/03/2021 17:30 5 hours OP 0.00000017 CP 0.00000019 +9.03% 27/03/2021 12:30 27/03/2021 21:00 9 hours OP 0.00000018 CP 0.0000002 +10.3% 26/03/2021 05:30 26/03/2021 18:30 13 hours OP 0.00000015 CP 0.00000015 +3.22% 24/03/2021 18:00 25/03/2021 10:30 17 hours OP 0.00000014 CP 0.00000015 +7.41% 22/03/2021 19:30 23/03/2021 23:00 1 day OP 0.00000014 CP 0.00000014 +3.95% 20/03/2021 14:00 21/03/2021 09:00 19 hours OP 0.00000014 CP 0.00000014 -1.35% 17/03/2021 15:30 19/03/2021 08:30 2 days OP 0.00000013 CP 0.00000013 +0.927% 16/03/2021 17:30 17/03/2021 05:30 12 hours OP 0.00000011 CP 0.00000013 +17.4% 15/03/2021 22:30 16/03/2021 07:00 9 hours OP 0.00000013 CP 0.00000015 +20.6% 12/03/2021 17:30 13/03/2021 09:30 16 hours OP 0.00000005 CP 0.00000006 +1.93% 11/03/2021 19:00 12/03/2021 09:30 15 hours OP 0.00000005 CP 0.00000005 +4.61% 10/03/2021 05:30 11/03/2021 04:30 23 hours OP 0.00000006 CP 0.00000006 -3.9% 08/03/2021 06:00 09/03/2021 15:00 1 day OP 0.00000006 CP 0.00000006 +0.614% 06/03/2021 22:30 07/03/2021 12:00 14 hours OP 0.00000006 CP 0.00000007 +9.46% 06/03/2021 05:00 06/03/2021 10:30 6 hours OP 0.00000006 CP 0.00000007 +7.53% 04/03/2021 16:30 05/03/2021 12:00 20 hours OP 0.00000005 CP 0.00000006 +19.2% 03/03/2021 05:00 04/03/2021 08:00 1 day OP 0.00000005 CP 0.00000006 +19.1% 02/03/2021 08:00 03/03/2021 04:30 21 hours OP 0.00000006 CP 0.00000006 +3.76% 27/02/2021 13:00 28/02/2021 19:30 1 day OP 0.00000006 CP 0.00000006 +0.275% 26/02/2021 01:30 27/02/2021 08:00 1 day OP 0.00000006 CP 0.00000006 +3.81% 24/02/2021 20:00 25/02/2021 07:00 11 hours OP 0.00000006 CP 0.00000007 +0.479% 22/02/2021 09:00 23/02/2021 13:00 1 day OP 0.00000006 CP 0.00000007 +17.4% 20/02/2021 16:00 21/02/2021 09:30 18 hours OP 0.00000003 CP 0.00000004 +26.4% 16/02/2021 10:00 17/02/2021 02:00 16 hours OP 0.00000003 CP 0.00000003 -2.17% 13/02/2021 04:00 15/02/2021 08:00 2 days OP 0.00000003 CP 0.00000003 +0.112% 12/02/2021 04:30 12/02/2021 16:00 12 hours OP 0.00000003 CP 0.00000003 +5.28% 10/02/2021 18:00 11/02/2021 00:30 7 hours OP 0.00000002 CP 0.00000003 +11.7% 08/02/2021 13:00 08/02/2021 19:00 6 hours OP 0.00000002 CP 0.00000002 +29.7% 07/02/2021 13:00 07/02/2021 13:30 30 minutes OP 0.00000002 CP 0.00000002 +1.34% 05/02/2021 20:00 07/02/2021 00:00 1 day OP 0.00000002 CP 0.00000002 -4.91% 04/02/2021 23:00 05/02/2021 15:00 16 hours OP 0.00000002 CP 0.00000002 +6.51% 01/02/2021 18:00 04/02/2021 20:00 3 days OP 0.00000002 CP 0.00000002 +4.87% 30/01/2021 15:00 01/02/2021 08:00 2 days OP 0.00000002 CP 0.00000002 +3.16% 26/01/2021 13:00 28/01/2021 15:30 2 days OP 0.00000002 CP 0.00000002 +4.94% 25/01/2021 10:00 25/01/2021 21:30 12 hours OP 0.00000002 CP 0.00000002 +2.18% 22/01/2021 09:00 22/01/2021 13:30 5 hours OP 0.00000001 CP 0.00000003 +99.1% 19/01/2021 15:30 20/01/2021 11:00 20 hours OP 0.00000002 CP 0.00000002 0% 18/01/2021 02:00 18/01/2021 19:00 17 hours OP 0.00000002 CP 0.00000002 +14.4% 16/01/2021 06:30 16/01/2021 16:30 10 hours OP 0.00000002 CP 0.00000002 +17.6% 14/01/2021 10:30 15/01/2021 12:30 1 day OP 0.00000002 CP 0.00000002 -5.78% 13/01/2021 10:00 13/01/2021 23:30 14 hours OP 0.00000002 CP 0.00000002 +1.57% 10/01/2021 11:30 11/01/2021 15:30 1 day OP 0.00000002 CP 0.00000003 +3.99% 08/01/2021 12:30 08/01/2021 16:30 4 hours OP 0.00000002 CP 0.00000002 +13.5% 07/01/2021 08:30 07/01/2021 09:00 30 minutes OP 0.00000002 CP 0.00000003 +48.8% 06/01/2021 15:30 06/01/2021 19:00 4 hours OP 0.00000002 CP 0.00000002 +20.1% 05/01/2021 16:00 06/01/2021 12:30 21 hours OP 0.00000002 CP 0.00000002 +1.91% 03/01/2021 11:00 05/01/2021 07:00 2 days OP 0.00000002 CP 0.00000002 +13% 31/12/2020 10:30 01/01/2021 09:00 23 hours OP 0.00000002 CP 0.00000002 -7.17% 26/12/2020 11:00 28/12/2020 06:30 2 days OP 0.00000002 CP 0.00000002 -9.1% 24/12/2020 21:00 26/12/2020 10:00 2 days OP 0.00000003 CP 0.00000002 -5% 23/12/2020 19:30 24/12/2020 09:00 14 hours OP 0.00000003 CP 0.00000003 +0.609% 19/12/2020 15:00 21/12/2020 23:30 2 days OP 0.00000003 CP 0.00000003 +3.34% 18/12/2020 02:00 18/12/2020 13:30 12 hours OP 0.00000003 CP 0.00000003 +30.1% 17/12/2020 01:30 17/12/2020 12:00 11 hours OP 0.00000003 CP 0.00000003 +4.13% 16/12/2020 08:00 16/12/2020 17:30 10 hours OP 0.00000003 CP 0.00000003 +8.11% 07/12/2020 18:00 13/12/2020 09:30 6 days OP 0.00000003 CP 0.00000003 -2.05% 04/12/2020 20:00 07/12/2020 03:00 2 days OP 0.00000003 CP 0.00000003 +0.218% 24/11/2020 23:00 30/11/2020 11:30 6 days OP 0.00000003 CP 0.00000003 -5.9% 24/11/2020 02:30 24/11/2020 08:30 6 hours OP 0.00000003 CP 0.00000003 +4.32% 17/11/2020 13:30 21/11/2020 11:30 4 days OP 0.00000003 CP 0.00000003 -2.87% 15/11/2020 03:00 17/11/2020 05:00 2 days OP 0.00000003 CP 0.00000003 -2.2% 11/11/2020 02:00 14/11/2020 13:00 3 days OP 0.00000003 CP 0.00000003 -1.19% 08/11/2020 23:30 09/11/2020 23:00 24 hours OP 0.00000003 CP 0.00000003 +0.926% 07/11/2020 19:30 08/11/2020 18:30 23 hours OP 0.00000003 CP 0.00000003 +0.0645% 05/11/2020 04:30 06/11/2020 09:30 1 day OP 0.00000003 CP 0.00000003 -6.05% 01/11/2020 12:00 02/11/2020 16:00 1 day OP 0.00000003 CP 0.00000003 -4.35% 31/10/2020 07:30 01/11/2020 06:30 23 hours OP 0.00000003 CP 0.00000003 -0.178% 28/10/2020 04:30 28/10/2020 12:30 8 hours OP 0.00000004 CP 0.00000004 +1.99% 25/10/2020 05:30 27/10/2020 04:00 2 days OP 0.00000004 CP 0.00000004 -2.03% 23/10/2020 17:30 24/10/2020 09:30 16 hours OP 0.00000004 CP 0.00000004 -2.24% 21/10/2020 06:00 21/10/2020 06:30 30 minutes OP 0.00000004 CP 0.00000004 +2.74% 01/10/2020 13:30 19/10/2020 06:00 18 days OP 0.00000004 CP 0.00000004 +9.9%
by CleoFinance
2
ADA - Bollinger Bands SqueezeFor any crypto asset, periods of consolidation are a really good thing as it brings everything into equilibrium to enable a new higher support launchpad to be built to which a new higher price can be reached. You must remember that consolidation is not done at a constant level but within a range. Have a peek at this ADA daily chart, you can clearly see what has happened 3 time before after a period of consolidation in a Bollinger Bands Squeeze and also Sideways Momentum on the RSI! Yes, it does look good & it looks like there will be exciting times ahead, because remember that ADA is still in a longterm uptrend. Periods of consolidation vary in length so only time will tell. Obviously nothing is set in stone so the only question is, do you have the patience to hold & wait for the outcome? If you don't know what consolidation is and if you don't realise that ADA is in a consolidation phase, then you will probably miss the next rocket upwards and end up buying at the top again screaming "shit coin" as ADA enters another period of consolidation. I hope this is helpful. Good Luck 👍🔥🚀🌔
BINANCE:ADAUSDLong
by TradingThroughTheLens
9
Quickpost BTMFD on TSLAGlossed over: Interest rates are pumping, debt is getting expensive, commodities are booming (silver and electronic vehicles, DYOR) and DXY is in a massive ascending triangle (get good at TA or stay poor). Quickpost Potential elliot wave 1-5. Looking for an ABC correction to conclude within Wave 4. No idea if we get a triangle, running flat, some sort of W pattern, or something else. I expect the weekly Bollinger Band to be supportive on this trade. If I see price action out of the weekly BB I will be trailing down buystops or buying calls. A 1-5 and A-C correction set up a higher time frame 1-2 Elliot wave. Target is near the moon (not shown due to quickpost). Conclusion Not financial advice.
NASDAQ:TSLALong
by This_Guhy
2
Bollinger Bands. An imperfect strategy for an imperfect world.I have seen and tested many strategies in my trading history but I have yet to find anything that can guarantee a 50% or higher win rate (And that 50% rate is before fees and taxes!). Bollinger bands do not provide a competitive edge, but rather, provide something more important to a retail trader. Clarity. Bollinger bands are based on the standard deviation of the price of an asset at the current point. Standard deviation (std dev) is based on normal distribution. If you dont know what this is, thats okay. All you need to know is after 3 std dev 99.7% of prices are included. This can be used as an imperfect probability metric as only 0.3% of price points over the last 200 days lay outside of the green bollinger band shown above. Regardless of biases, news and other such factors, bollinger bands can be used to guage whether a liquid asset is cheap or expensive. As seen on the graph above, everybody's favourite asset (BTCUSD) can be traded with this simple 200 day bollinger (3) and (4) on daily price metrics. However, don't use indicators as a ground rule for strategies. Low liquidity assets and small timeframes significantly reduce the effectiveness of bollinger bands. Furthermore, I would not use bollingers for shorting or leveraged positions as the price has no obligation to obey its standard deviation metrics. I recommend using bollingers on a spot position of liquid assets as displayed in the above graph. (Notice "position" not "Whole account" as all strategies should be)
BITFINEX:BTCUSDEducation
by Piggiiieee
5