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Forex trading strategy #25 (H4 Bollinger Band Breakouts)





Submitted by Edward Revy on February 10, 2008 - 18:14.

H4 Bollinger Band Breakouts

by Rpchost.com


Open the 4 hour chart and choose whatever currency you want.

Insert the Bollinger Band (20) indicator and be sure that its center line is appearing.

Identify 2 valid lower points OR 2 valid higher points in the Bollinger Band and drop a line from the first to the second line; it will be our break line.

Now when a candle closes above the break line issued from the higher points and in case the center line of the Bollinger band in the 1 hour chart crosses the break line then we have a LONG Trade.

If the candle in the 4 hours chart closes under the break line issued from the 2 lows points and in same time the center line of the Bollinger band crosses the break line in the 1 hour chart, then we are in a SHORT trade.

http://rpchost.com/



Submitted by Joe on February 11, 2008 - 05:24.

I use the Bollinger Band which is a great indicator, I tried all combinations of indicators but none of them helped me as Bollinger Band did. My new posted technique is [H4 Bollinger Band Breakouts] it explains where and when to enter a trade try it and be familiar with it and in the future I will post a new technique on where to exit a trade and extract from the market the maximum pips we can.

Rpchost.com

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Submitted by Bright on February 12, 2008 - 02:20.

Hi Edward,

I must say I am completely astonished at what i see on your website.. I came across your site 4 days ago and I'm really impressed..pls keep up the good work.
Pls will you be kind enough to tell me the best strategy/ies to trade eur/usd and gbp/usd cos these are the currencies i like trading.
I will be most grateful if obliged..

Warm regards,

Bright..

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Submitted by Edward Revy on February 12, 2008 - 03:08.

Hi Bright,

try advanced #3, 4, 5
and simple #14, 15, 16

Regards,
Edward

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Submitted by Fredri on February 12, 2008 - 08:10.

Hi Rcphost,

Thanks for sharing a strategy. Could you add a screenshot, I'm having some difficulties understanding the trading mechanism. Thanks a lot!

Fredri

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Submitted by Simon on February 13, 2008 - 06:38.

Hi

I am having trouble understanding what you mean aswell but thanks very much for sharing. Much apreciated.

Simon
Australia

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Submitted by Joe on February 13, 2008 - 08:58.

I am sorry guys if I didn't explain it well but you can see the full screenshots and explanation in Rpchost.com Forex Forum.

Joe Chalhoub

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Submitted by User on February 13, 2008 - 11:31.

Joe, please give us a link to screenshots. Thanx

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Submitted by Joe on May 19, 2008 - 07:06.

http://rpchost.gooboards.com/forex-strategies-f3/h4-bollinger-band-breakouts-t2.htm

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