Home / STRATEGY REVIEWS / Bollinger Band Strategies (Part-2)
Bollinger Band Strategies (Part-2)

Bollinger Band Strategies (Part-2)

Bollinger Band Strategies (Part-2)

 

 

Friends……. Thanks a lot for visit earnmoneyfx.com
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 Band (20 Simple Moving Average) Bollinger Band

 

7. 200 Simple Moving Average with Bollinger Band

 

8. Walking with Bollinger Band etc.

 

Bollinger Band Entry-Exit Strategy (Part -1) we have discussed about Candlesticks
Pattern with Bollinger Brand and Double Top Chart Pattern with Bollinger Brand.
If you missed it, Earnest request you to visit Bollinger Band Entry-Exit Strategy (Part -1) in
earnmoneyfx.com

This article earnmoneyfx.com research team try to cover another two strategies as below.

*** Double Bottom Chart Pattern with Bollinger Band
*** Reversal or Counter Candlesticks with Bollinger Band

Let’s explore both ……….

Double Bottom Chart Pattern with Bollinger Band:

 

Image 1:Bollinger Band Strategies (Part-2)

 

Double Bottom with Bollinger Band Entry-Exit Strategy

 

Image point number – 1, We see strong downtrend of price with Bollinger Lower Band
and swing.

Image point number – 2, First bottom are created. Few candlesticks try to break the first
bottom but fail. When price cross above Bollinger Middle Band then we sure that its
first bottom.

Image point number – 3, Thereafter a top has created which cross Bollinger Middle
Band but failure to close above of Bollinger Middle Band.

Image point number – 4, Now we are waiting for another bottom (First bottom higher or
lower whatever no matter). Here second-bottom created.

Image point number – 5, Thereafter price close above Bollinger Middle Band which
confirm us that it’s the second bottom.

Image point number – 6, Aggressive or conservative trader put their BUY STOP order 2
pips above of the Bollinger Middle Band breakout candlesticks.

Image point number – 7, After hit BUY STOP order aggressive or conservative trader
place STOP LOSS 2 pips below of Bollinger Middle Band breakout candlesticks. Few
traders place STOP LOSS 2 pips below of below of lower double bottom.

Image point number – 8, Conservative or aggressive place their take profit level on near
swing low or 1: 2 or 1 : 3 risk-reward ratio.

Reversal or Counter Candlesticks with Bollinger Band:

Various types’ reversal candlesticks we have to observe in a chart. E.g. Bullish Engulfing,
Bearish Engulfing, Inside Bar, Harami, Morning Star, Shooting Star, Hammer, Dark
Cloud Cover, Piercing, Doji, Pin bar, etc.

As below we discuss few reversal candlesticks entry exit strategy with details which have
eighty % success rate.
For your kind information, all are demo tested by the earnmoneyfx.com research team.
Let’s Enjoy……

INSIDE BAR: In shortly, Inside Bar is two candlesticks pattern where the inside bar is smaller
than the mother bar. E.g. Inside bars high and low is lower than the mother bar.

 

Image 2:

Bollinger Band Strategies (Part-2)

 

 

Inside Bar Candlesticks with Bollinger Band Entry-Exit Strategy

 

Image point number – 1, Price has consecutively fallen after Bollinger Upper Brand touched.

Image point number – 2, Previous few candlesticks fall down with Bollinger lower brand
touch. Suddenly bearish engulfing candlesticks created which close price is below Bollinger
lower brand.

Image point number – 3, After bearish engulfing candlesticks, an inside bar candlestick
created which close price is also above Bollinger lower band. Here inside bar is reversal
candlesticks. But we don’t trigger our entry here.

Image point number – 4, Aggressive trader put their buy stop order two pips above of the
inside bar. As a conservative trader, we have to confirm. So we wait for the mother bar break
out. Because a few times inside the bar unable to break the mother bar. That’s time inside bars do not
act as a reversal candlestick. Ultimately stop loss hit which affects our strategy success rate
and risk-reward.

Image point number – 5, Aggressive trader put their stop loss 2 pips below of mother bar
candle. More aggressive trader put their stop loss 2 pips below of inside bar.

Image point number – 6, Conservative trader put their buy stop order two pips above of
the mother bar. When the buy stop hit they put their stop loss 2 pips below of mother bar
candle.

Image point number – 7, Conservative or aggressive trader place their take profit level on
near swing High or 1 : 2 or 1 : 3 risk-reward ratio.
Bearish Engulfing: In shortly, Bearish Engulfing candlesticks created when price up
consecutively. Bearish Engulfing pattern is opposite of Inside Bar pattern. Bearish
Engulfing is two candlesticks pattern where Bearish Engulfing is bigger than previous
candlesticks. E.g. Bearish Engulfing high and low is higher than previous candlesticks.

 

Image 3:

Bollinger Band Strategies (Part-2)

 

Bearish Engulfing Candlesticks with Bollinger Band Entry-Exit Strategy

 

Image point number – 1, Price has consecutively up after Bollinger Lower Band touched.

Image point number – 2, Previous few candlesticks close above with Bollinger Upper
band. Suddenly bearish engulfing candlesticks created which close price is below
Bollinger Upper band.

Image point number – 3, Aggressive or Conservative trader put their sell stop order two
pips below of the bearish engulfing candlesticks.

Image point number – 4, Aggressive or Conservative trader put their stop-loss order two
pips above of the bearish engulfing candlesticks.

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

Bullish Engulfing: In shortly, Bullish Engulfing candlesticks created when price down
consecutively. Bullish Engulfing pattern is also the opposite of Inside Bar pattern. Bullish
Engulfing is two candlesticks pattern where Bullish Engulfing is bigger than previous
candlesticks. E.g. Bullish Engulfing high and low is higher than previous candlesticks.

 

Image 4:Bollinger Band Strategies (Part-2)

 

Bullish Engulfing Candlesticks with Bollinger Band Entry-Exit Strategy

 

Image point number – 1, Price has consecutively down after Bollinger Upper Band
touched.

Image point number – 2, Few candlesticks later bullish engulfing candlesticks created
which close price is above Bollinger Lower band.

Image point number – 3, Aggressive or Conservative trader put their buy stop order two
pips above of the bullish engulfing candlesticks.

Image point number – 4, Aggressive or Conservative trader put their stop-loss order two
pips below of the bullish engulfing candlesticks.

Image point number – 5, Aggressive or Conservative trader place their take profit level on
near swing high or 1: 2 or 1 : 3 risk-reward ratio.
Pin Bar: In shortly, Pin Bar candlesticks created anywhere (price up or down
consecutively). Pin Bar is not doji. Pin bar has a long tail where open and close is the same or
near. The pin bar is a single candlesticks pattern

Image 5:

Pin Bar Candlesticks with Bollinger Band Entry-Exit Strategy

 

Image point number – 1, Price has consecutively fall from Bollinger Upper Band near.

Image point number – 2, Latter pin bar created which close price is above Bollinger
Lower band.

Image point number – 3, Aggressive or Conservative trader put their buy stop order two
pips above of the pin bar candlesticks.

Image point number – 4, Aggressive or Conservative trader put their stop-loss order two
pips below of the pin bar candlesticks.

Image point number – 5, Aggressive or Conservative trader place their take profit level on
near swing high or 1: 2 or 1 : 3 risk-reward ratio.
Doji: In shortly, Doji candlesticks created anywhere (price up or down consecutively).
Doji has small or medium tail where open and close is same or near. Doji is single
candlesticks pattern

 

Image 6:

Bollinger Band Strategies (Part-2)

 

Doji Candlesticks with Bollinger Band Entry-Exit Strategy

 

Image point number – 1, Price has consecutively fall from Bollinger Upper Band near.

Image point number – 2, Latter Doji candlesticks created which close price is above
Bollinger Lower brand.

Image point number – 3, Aggressive or Conservative trader put their buy stop order two
pips above of the Doji candlesticks.

Image point number – 4, Aggressive or Conservative trader put their stop loss order two
pips below of the Doji candlesticks.

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

 

——- Thanks for giving your valuable time to read this article ——–
(To be continued)

Check Also

moving-average-all-strategies-at-a-glance

200 MOVING AVERAGE ALL STRATEGIES AT A GLANCE

200 MOVING AVERAGE ALL STRATEGIES AT A GLANCE Hello Friends…… Last few months we have …

Leave a Reply

Your email address will not be published. Required fields are marked *