Forex trading strategy #16 (Picking tops and bottoms on Bollinger Bands)
Submitted by User on April 15, 2010 - 15:55.
Submitted by Lino
Picking tops and bottoms on Bollinger Bands
By using multiple time frames and candle stick formation we will uncover how to pick tops and bottoms while trading in the trend of the bigger time frame.
We begin by looking at the daily chart to ascertain what direction we looking to trade by using the common Bollinger Band indicators middle line. A pair trading above the 20SMA is in short term up trend. A pair trading below the 20SMA is in a short term down trend.
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hi,I used your strategy in my trading and earn handsome money.please keep me updated.
If the market is in a sideway movement it's an excellent trading strategy. I like so much the more in combination with the CCI(14) Tops & Bottoms.
Simple, fast & efficient!
Kindest regards
Sam
Hi. I also cannot understand when you say weakness in an up trend. Willy.
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