Bollinger Band Strategies (Part-6)

               Bollinger Band Strategies (Part-6)

 

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earnmoneyfx.com research team suggest Bollinger Band Entry-Exit strategies as below,

1. Candlesticks Pattern with Bollinger Band
2. Double Top Chart Pattern with Bollinger Band
3. Double Bottom Chart Pattern with Bollinger Band
4. Reversal or Counter Candlesticks with Bollinger Band
5. Trend line Breakout with Bollinger Band
6. Swing Trading with Middle Brand (20 Simple Moving Average) Bollinger Band
7. 200 Simple Moving Average with Bollinger Band
8. Walking with Bollinger Band etc.

Bollinger Brand Entry-Exit Strategy (Part -1) we have discussed Candlesticks Pattern with Bollinger Brand and Double Top Chart Pattern with Bollinger Band.

 

Bollinger Brand Entry-Exit Strategy (Part -2) we have discussed Double Bottom Chart Pattern with Bollinger Band and Reversal or Counter Candlesticks with Bollinger Band.

 

Bollinger Brand Entry-Exit Strategy (Part -3) we have discussed Trend line Breakout with Bollinger Band.

 

Bollinger Brand Entry-Exit Strategy (Part -4) we have discussed Swing Trading with Middle Band (20 Simple Moving Average) Bollinger Band.

 

Bollinger Brand Entry-Exit Strategy (Part -5) we have discussed 200 Simple Moving Averages with Bollinger Band

 

If you missed all or anyone, Earnest request you to visit Bollinger Brand Entry-Exit Strategy (Part -1), Bollinger Brand Entry-Exit Strategy (Part -2), Bollinger Band Entry-Exit Strategy (Part -3), Bollinger Band Entry-Exit Strategy (Part -4) Bollinger Band Entry-Exit Strategy (Part -5) in earnmoneyfx.com

This article earnmoneyfx.com research teams try to cover the last strategy as below.

 

*** Walking with Bollinger Band ***        

 

Let’s explore ……….

 

Walking with Bollinger Band:

 

Before exploring 200 Simple Moving Average with Bollinger Band at first we learn to know what is walking with Bollinger Band.

 

What is Walking with Bollinger Band?

Walking with Bollinger Band means candlestick goes up or down with Bollinger Upper / Lower Band.

Most of the time candlesticks come back to Bollinger Middle Band after breakout Bollinger Upper Band or after breakdown Bollinger Lower Band.

But few times candlesticks go up or down straight with Bollinger Upper / Lower Band.

Let’s explore………

 

Walking with Bollinger Upper Band Entry-Exit Strategy

 

Image point number – 1, Candlesticks breakout Bollinger Upper Band. As per the strategy, this time we have nothing to do. We have to wait for 2^nd candlesticks to close above Bollinger Upper Band.

 

Image point number – 2, Volumes increase of Bollinger Upper Band breakout candlesticks. It confirms that something big will happen.

Image point number – 3, Aggressive or conservative trader put their BUY STOP order 2 pips above of 2^nd candlesticks close above Bollinger Upper Band.

Image point number – 4, After hit BUY STOP order aggressive or conservative traders place STOP LOSS 2 pips below of previous candlesticks of entry candlestick.

 

Image point number – 5, Conservative or aggressive trader place their take profit level on the near swing high or 1: 2 or 1 : 3 risk-reward ratio.

 

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