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Bollingerbandstrategy

$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 LunOrb
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 LunOrb
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 LunOrb
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
EURCAD Growth to Resistance 150+ PipsWelcome back! Let me know your thoughts in the comments! **EURCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
2
BTC/USD - weekly 200MA is now resistance againA quick BTC 1 week chart update: Note that BTC has closed another weekly candle below the weekly 200MA. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment on this 1 week timeframe. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is sideways at the moment on this 1 week timeframe. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is downwards on this 1 week timeframe. Note that the Lagging Span (Chikou Span) is still under the previous price. BTC is still in a massive Ichimoku Y Wave and it is also in a new Ichimoku P Wave on this 1 week timeframe. BTC is also still in a massive Descending Wedge Pattern. BTC is still well below its Bollinger Bands Middle Band Basis 20 period SMA on this 1 week timeframe. Note that the Lower Band is still pointing downwards and the Upper Band is starting to curve downwards. We should keep an eye on both the 50MA and 100MA on this 1 week timeframe because the 50MA is curving downwards and may cross back under the 100MA. The weekly 200MA is now resistance again so we will have to see if BTC can attempt again and succeed in crossing back above the 200MA and turn it into strong support. It’s always important to have a little patience, do your own research, check multiple timeframes and if needs be, to wait for confirmation like a close above the weekly 200MA and successful re-test as support. From my opinion, if in doubt, a successful close above and re-test as support of a crucial level in whatever timeframe you are trading in is....... crucial. It should be another interesting week. I hope this is helpful with your trading and hodl-ing. Notes: 50MA = Orange Line 100MA = Purple Line 200MA = Red Line
BITSTAMP:BTCUSD
by TradingThroughTheLens
1
🔃✅💲Short term reversal for $ETH confirmed! #Ethereum 🚀🔜✅This chart is meant to show the confirmation of the reversal in the $ETH price. This is shown on the BYBIT:ETHUSDT chart, because of the higher (more speculation based) trading volume. It is currently showing strong confidence in traders for #Ethereum. As shown, during the downtrend that $ETH has been in, there were multiple closes below the lower Bollinger band. These each signaled further $ETH price suppression at the time. After finding a possible bottom, then ranging sideways in what is now the current range of support, $ETH price finally broke out above the top of the range. This is very likely due to a short squeeze, however I believe that it being in conjunction with the recent bounce in $BTC and other cryptos, has allowed for confidence to be restored in $ETH price growth(at least for the short-term). Breaking above the range, with very tightened Bollinger bands, $ETH price managed to close above the upper Bollinger band multiple times. This is the first time this has happened on the daily chart since we had one (very brief) close above it, in October last year. To me this signals a (possibly very strong) reversal for #Etherem. Going forward, I would personally expect a move up to the current strong resistance level around $2,100-$2,200, then a retest of the previous range-high/resistance, flipped to support. After that would be when I would assess everything to see if this confirmation truly has the merit that I personally believe it has. Any strong close above $2,500 would be a very strong confirmation of this theory, and a close below $1,100 would possibly invalidate this whole theory. **This is all my opinion, based on chart data. This is not financial advice.**
Long
by DoozerInvest
Volatility within a rangeHere’s one if you like drama. Barely averting a strike in Norway, ongoing conflicts in Ukraine, the Saudis cutting supply to China, oil is in the middle of it all. With so much uncertainty, oil has been suffering bouts of volatility recently which presents an opportunity for trading. Over the past month, crude oil futures seem to be trading within an ascending wedge. A bollinger band marks out the upper and lower range that prices have bounced off previously. When coupling this with Relative Strength Index (RSI), we see a recurring pattern where prices bounce off the lower bollinger band as RSI reaches the oversold levels. With current prices trading near oversold levels and the bottom bollinger band just a touch away, we see a bounce on the horizon. Let’s stay patient and wait for confirmation from prices touching either the support of the ascending wedge or breaking the lower bollinger band before committing to the position. Entry at 117.8, stop below 114.5. Target at 125. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
NYMEX:CL1!Long
by inspirante
SPX temporary bottomThis could be a temporary bottom for the Market. First we have a divergence both on the Stochastic and the RSI. The price bounced of the trendline and the Fibonacci(Bottom of the Corona Crash and all time highs).And on the Weekly the price closed outside of Bollinger bands which could mean that the price is oversold in a way. But this is not the market bottom, far from it. The situation in the world is unpredictable and unstable. Another reason are the Elliot waves on the weekly chart that I posted showing where the price could go.
SP:SPXLong
by BernardPupacic
1