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Today I want to tell you how to trade in markets that are trend neutral
Indicators you need : Bollinger Bands and Stochastic
Whenever Stochastic is in the Over Sold and Overbought area, we prepare for the position.
To get a long position: the Stochastic must be in the over sold area. We wait for the red line to be broken by the blue line and exit the over sold area, and when it leaves, we open the Long position
When to sell? when the price hits the middle or upper line of the Bollinger Bands
To get a short position: we wait for the Stochastic to be in the Overbought area and wait until the red line breaks the blue line and leaves the Overbought area. When it leaves, we open a short position
When to sell? when the price hits the middle or lower line of the Bollinger Bands.
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