bollingerbandstrategy

GoldBands GoldBands PRO GC1!, D, Short ,
GC1!: Gold Rallies at End of Day. Will it Continue?
51 0 4
GC1!, D Short
Gold Rallies at End of Day. Will it Continue?

Gold fell to a new 2 week low during Wednesday's trading. That is, until the end of the day when the administration's tax plan was released and Gold rallied higher to close the trading session. However, Gold met resistance at the 21 day moving average and if you look at the Heikin-Ashi chart below, today's trading ended in a strong red Heikin-Ashi candle. That ...

GoldBands GoldBands PRO NGM2017, D, Long ,
NGM2017: NatGas Rises from Lower Bollinger Bands, haDelta Turns Positive
31 0 4
NGM2017, D Long
NatGas Rises from Lower Bollinger Bands, haDelta Turns Positive

Natural Gas jumped up today, rising from the lower Bollinger Bands and tagging the 21 day moving average. As the haDelta has also turned positive, I will be looking for a pullback to enter a long position. Here is the Heikin-Ashi chart: https://www.tradingview.com/x/XSg1oKqu/ If you enjoyed this post, please press the Like button, share with your friends, and ...

GoldBands GoldBands PRO NG1!, D, Short ,
NG1!: NatGas Continues Bearish Decline
71 1 4
NG1!, D Short
NatGas Continues Bearish Decline

Natural Gas moved lower today, dropping .01 points. And another strong Heikin-Ashi candle, supported by a very bearish haDelta, gives us confidence that the downward trend will continue. https://www.tradingview.com/x/nsqQ8N2T/ If you enjoy these posts, please click the Like button, share and re-tweet! Disclaimer: This post is for educational purposes only. Trading ...

GoldBands GoldBands PRO NG1!, D, Short ,
NG1!: NatGas Drops to 1st Price Target at Lower Bollinger Band
58 0 4
NG1!, D Short
NatGas Drops to 1st Price Target at Lower Bollinger Band

Natural Gas started the week with a sharp drop to a low of 3.031, hitting the lower Bollinger Band @ 3.03, which was my first profit target. This completed the coast to coast trade that begin with a short entry at 3.27 on April 5. After a week and a half of sideway motion and dojis, today's price drop was a welcome event. With both the haDelta and the Heikin-Ashi ...

GoldBands GoldBands PRO NG1!, D, Short ,
NG1!: NaturalGas Moves Sideways, Add Another Doji to the Mix
77 0 8
NG1!, D Short
NaturalGas Moves Sideways, Add Another Doji to the Mix

Natural Gas moved sideways again today, making that 4 dojis in the last 5 trading days. Trapped within the confines of the 7 and 21 day moving averages, today did close below the pair which is a positive sign for our short side position. I am still looking for a final push down to the 3.05 lower Bollinger Band. https://www.tradingview.com/x/9ca3c2MK/ The ...

GoldBands GoldBands PRO GC1!, D, Short ,
GC1!: Gold Short Targets
59 0 3
GC1!, D Short
Gold Short Targets

I want to follow up on my earlier post on potential downside targets for Gold. There are 2 immediate targets. There is a 23% fib retracement at 1256.5. This fib is based on the yearly high and low. You can see a strong line of support there. A trendline that extended from the last 2 pivot lows has a strong confluence with the same fib's 38% retracement level. ...

GoldBands GoldBands PRO GC1!, D, Short ,
GC1!: Gold Closes Just under Important 21 Day Moving Average
50 0 4
GC1!, D Short
Gold Closes Just under Important 21 Day Moving Average

Gold closed down on Tuesday, just below the 21 day moving average. You can see that the body of Tuesday's candle covers the wick of yesterday's candle. That means that the sell-off today was not met by strong buying. We've also had 2 strong Heikin-Ashi candles in a row (see chart below). All indicators are pointing to a continued sell off and I am maintaining my ...

GoldBands GoldBands PRO GC1!, D, Short ,
GC1!: Gold at Critical 21 Day Moving Average
34 0 2
GC1!, D Short
Gold at Critical 21 Day Moving Average

Gold is trading lower today and back at the key support level of the 21 day moving average. haDelta is very bearish. Let's see were Gold ends the day. If Gold does break the 21 day ma, then the next target is the lower Bollinger Band which is now at 1235.

GoldBands GoldBands PRO GC1!, D, Short ,
GC1!: Gold Closes Lower & Hits Support at the 21 Day Moving Average
27 0 3
GC1!, D Short
Gold Closes Lower & Hits Support at the 21 Day Moving Average

Gold gapped lower on Sunday night and dropped to the 21 day moving average @ 1266. Even though price rebounded off that support area, the precious metal still closed well under the 7 day moving average and now seems like it wants to re-test Monday's low. We also had the first strong red Heikin-Ashi candle since the downturn from the upper Bollinger Band (see chart ...

GoldBands GoldBands PRO GC1!, D, Short ,
GC1!: Gold Trades in Tiny Range as Big News Weekend Awaits
48 0 4
GC1!, D Short
Gold Trades in Tiny Range as Big News Weekend Awaits

Gold closed up a point and a half today on an extremely low volatility day and ended the day trapped within the net of the 7 day moving average and the upper band of the Keltner Channel. I expect another quiet day tomorrow as the world is waiting for the results of the French election this weekend. If the populist candidate wins and the French decide they want out ...

GoldBands GoldBands PRO GC1!, D, Short ,
GC1!: Gold Continues to Sell Off
20 0 4
GC1!, D Short
Gold Continues to Sell Off

Gold sold off sharply on Wednesday, closing the day down 8 points. The Heikin-Ashi candle finally turned red and the level on the QStick indicator at the bottom of the chart has now turned orange. All this signifies that the pressure to the downside continues. Whether or not this is anything more than a temporary selloff from the extremely overbought condition is ...

GoldBands GoldBands PRO NG1!, D, Short ,
NG1!: Natural Gas Closes Between 7 and 21 Day Moving Averages
50 0 5
NG1!, D Short
Natural Gas Closes Between 7 and 21 Day Moving Averages

The price of Natural Gas rose on Wednesday, hitting a high of 3.223 before selling off and closing at 3.143, smack in the middle of the 7 and 21 day moving averages. The slight rise in the closing price did cause the background of the haDelta indicator to turn blue. However, the QStick indicator below that is still showing downward movement. The Heikin Ashi chart ...

GoldBands GoldBands PRO GC1!, D, Long ,
GC1!: Gold Falters Amid Profit Taking at Over Bought Levels
39 0 5
GC1!, D Long
Gold Falters Amid Profit Taking at Over Bought Levels

Gold closed flat on the day after pushing up into the 2 to 3 Std Dev Bollinger Bands. The low of the day was at the .618 Fib level. The daily haDelta also turned red today (top indicator) although the weekly haDelta remains bullish (middle indicator). So while it is clear that Gold is over bought, there is no confirmation yet that the uptrend is over. I will be ...

GoldBands GoldBands PRO NG1!, D, Short ,
NG1!: Natural Gas Drops Below Upper Bollinger Bands to End 6 Week Rise
57 0 2
NG1!, D Short
Natural Gas Drops Below Upper Bollinger Bands to End 6 Week Rise

On Tuesday, Natural Gas dropped .10 points to close just above the 21 day moving average. This is a potential end to the last move up which began on Feb 22 of this year. If price can break through the 21 day moving average, I would expect price to continue selling off until a tag of the lower Bollinger Band which now sits at 2.9. The potential downturn is ...

GoldBands GoldBands PRO GC1!, D, Long ,
GC1!: Gold Rallies and Pushes to Upper Bollinger Band
34 0 3
GC1!, D Long
Gold Rallies and Pushes to Upper Bollinger Band

Gold rallied hard today, gaining almost 20 points on the day. On the way to the new monthly high for April, Gold shot past last Friday's high and didn't pause as it continued it's ascent to the outer Bollinger Band, which is set at 2 Std Dev from the midline. Monday's red Heikin-Ashi candle is now well in the rear-view mirror as well. And all along, the haDelta ...

GoldBands GoldBands PRO GC1!, D,
GC1!: Gold Stays Range-Bound After Friday's Knockdown
33 0 4
GC1!, D
Gold Stays Range-Bound After Friday's Knockdown

On Monday, Gold closed up .8 points but did not recover any of the momentum after last Friday's explosive move up and then equally explosive sell off to end the day and the week. After that action last Friday, Gold continues to trade within a tight range that started on March 22. It is obvious that the Bollinger Bands are contracting and the haDelta is poised to ...

GoldBands GoldBands PRO GC1!, D,
GC1!: Gold Recovers but Continues to Move Sideways
39 0 3
GC1!, D
Gold Recovers but Continues to Move Sideways

Gold ended Wednesday down .6 points, making a late day recovery after selling off strongly to start the day. So while gold did close above the 7 day moving average, price continues to move sideways. The haDelta indicator is also still bullish but is showing definite signs of slowing down and even possible changing course. And if, in fact, price does move down, the ...

GoldBands GoldBands PRO GC1!, D,
GC1!: Gold Rises to Top of Month Long Range
36 0 3
GC1!, D
Gold Rises to Top of Month Long Range

On Monday, Gold continued Friday's move up and rose 2.1 points to close at 1254. I have highlighted the month long range on the chart. Price also closed above the 7 day moving average and the haDelta has turned back to blue. In addition, the upper Bollinger Band has started to move higher to 1271.90 And the Heikin-Ashi chart below shows a strong potential trend ...

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