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Bollinger Brand Strategies (Part-7)

Bollinger Brand Strategies (Part-7)

               Bollinger Brand Strategies (Part-7)

 

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A lot of thanks for visit earnmoneyfx.com

As a series part strategy of Bollinger Brand Strategy, earnmoneyfx.com research team
suggests you to follow various type entry exit strategies of Bollinger Brand as below:

1. Candlesticks Pattern with Bollinger Brand
2. Double Top Chart Pattern with Bollinger Brand
3. Double Bottom Chart Pattern with Bollinger Brand
4. Reversal or Counter Candlesticks with Bollinger Brand
5. Trend line Breakout with Bollinger Brand
6. Swing Trading with Middle Brand (20 Simple Moving Average) Bollinger Brand
7. Walking with Bollinger Brand
8. Ascending Triangle with Bollinger Brand
9. Descending Triangle with Bollinger Brand
10. Symmetrical Triangle with Bollinger Brand
11. Flag Pattern with Bollinger Brand
12. Channel with Bollinger Brand
13. Candlesticks Pattern with Bollinger Brand
14. Golden Cross with Bollinger Brand
15. Death Cross with Bollinger Brand
16. Short term & Mid term moving average cross with Bollinger Brand
17. Multi time frame analysis with Bollinger Brand
18. 200 Simple Moving Average with Bollinger Brand etc.

 

 

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

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

Bollinger Brand Strategies (Part-2)

Above link is for your ready references.

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

Bollinger Brand Strategies (Part-3)

Above link is for your ready references.

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

Bollinger Brand Strategies get profit (Part-4)

Above link is for your ready references.

Bollinger Brand Entry Exit Strategy (Part -5) we have discussed about 200 Simple Moving
Average with Bollinger Brand.

Bollinger Brand Strategies get profit (Part-5)

Above link is for your ready references.

Bollinger Brand Entry Exit Strategy (Part -6) we have discussed about Walking with
Bollinger Brand.

Bollinger Brand Strategies (Part-6)

Above link is for your ready references.

If you missed all or any one, Earnest request you to visit Bollinger Brand Entry Exit
Strategy (Part -1), Bollinger Brand Entry Exit Strategy (Part -2), Bollinger Brand Entry Exit
Strategy (Part -3), Bollinger Brand Entry Exit Strategy (Part -4), Bollinger Brand Entry Exit
Strategy (Part -5) and Bollinger Brand Entry Exit Strategy (Part -6) in earnmoneyfx.com

 

These article earnmoneyfx.com research teams try to cover another strategy as below.

*** Ascending Triangle with Bollinger Brand Entry Exit Strategy ***
*** Descending Triangle with Bollinger Brand Entry Exit Strategy ***
*** Symmetrical Triangle with Bollinger Brand Entry Exit Strategy ***

As per earnmonreyfx.com research team demo test, this strategy works well any
timeframe and any pair.

 

For good success rate we suggest you One Hourly, Four Hourly, Daily timeframe and major
pair (EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF, USDCAD, USDJPY, EURJPY,
GBPJPY), XAUUSD, XAUEUR, CRUIDE OIL and S&P500

 

Let’s explore all ……….

For your soft reminder, Before enter deep discussion about Bollinger Brand strategy, its
important us to know what is Bollinger Brand and How to calculate Bollinger Brand.

What is Bollinger Brand?

Bollinger Brand was developed by John Bollinger. Bollinger Brand® is a registered
trademark by John Bollinger.

Bollinger Brand is very simple. It has three parts. Upper Brand, Middle Brand and Lower
Brand.

Upper Brand and Lower Brand are volatility based brand. Volatility based on standard
deviation. By using standard deviation volatility increase and decrease. Usually standard
deviation 2 set in upper brand and lower brand.

When volatility increases the band automatically widen and when volatility decreases the
band automatically contract.

Middle Brand is 20 Simple Moving Average. Simple Moving Average use the standard
deviation formula thus 20 Simple Moving Average use Bollinger brand as a middle brand.

Calculation of Bollinger Brand:

 

* Middle Band = 20-day simple moving average (SMA)
* Upper Band = 20-day SMA + (20-day standard deviation of price x 2)

 

Please note, Bollinger Brand (20,2) is build in setup by Jhon Bollinger. But its not
mandatory to setup by build. You can change as your choice. But one thing you have to
know that most of trader setup Bollinger Brand as a build in thus its show buy or signal
similarly most of trader. If you want to change build in setup, at first you have to specialists
in Bollinger Brand strategies. Otherwise more chance to hit stop loss. It will be best if you
with crowd.

As per John Bollinger suggestion,

You can set standard deviation multiplier 2, where simple moving average is 20 and
standard deviation value is 20.

You can set standard deviation multiplier 2.1, where simple moving average is 50 and
standard deviation value is 50.

You can set standard deviation multiplier 1.9, where simple moving average is 10 and
standard deviation value is 10.

How to set up Bollinger Brand in Metatrader4:

Open Metatrader4 > Insert > Indicator > Trend > Bollinger Brand

 

 

Let’s explore ……….

Ascending Triangle with Bollinger Brand Entry Exit Strategy:

Before explore Ascending Triangle with Bollinger Brand Entry Exit Strategy at first we
learn to know what Ascending Triangle is.

 

What is Ascending Triangle: The Ascending Triangle is the symmetrical triangle variation.
Ascending triangles are bullish formation. When it create in uptrend, It’s most reliable.
The top part of the ascending triangle looks flat and bottom part created higher low several
times.

As above image of Ascending Triangle Pattern we found below things.
Price reaches higher high position with overbought situation.
There after price fall in correction and turned back.
Few time later prices again try to touch previous high.
There after price fall in correction and turned back.
Lastly price able to create new high and bulls are taking full control.

Minimum two flat top touch and two higher low required for create the
ascending triangle in bullish.

 

 

Image 1:

 

Ascending Triangle with Bollinger Brand Entry Exit Strategy

Image point number – 1, Strong uptrend created where price created few higher high.

Image point number – 2, After strong uptrend price gone to correction. Price touches
three times in previous high but failure to breakout.

Image point number – 3, Price created three higher low. We concretely found ascending
triangle in chart. Also price unable breakdown successfully Bollinger Lower Brand. Now we
have to wait for breakout.

Image point number – 4, Aggressive or conservative trader put their BUY STOP order 2
pips above of ascending triangle breakout candlesticks. Also Ascending triangle breakout
candlesticks breakout Bollinger Upper Brand which confluence had shown extra
confidence for BUY.

Image point number – 5, After hit BUY STOP order aggressive trader place STOP LOSS 2
pips below of ascending triangle breakout candlesticks. Conservative traders place STOP
LOSS 2 pips below of ascending triangle lower channel.

Image point number – 6, As per ascending triangle exit rules, we measure take profit
range.

Image point number – 7, Conservative or aggressive trader place their take profit level on
ascending triangle take profit range or near swing high or 1 : 2 or 1 : 3 risk reward ratio.

 

 

Descending Triangle with Bollinger Brand Entry Exit Strategy:

Before explore Descending Triangle with Bollinger Brand Entry Exit Strategy at first
we learn to know what Descending Triangle is.

What is Descending Triangle: The Descending Triangle is the symmetrical triangle
variation. Descending triangles are bearish formation. When it creates in down trend, it’s
most reliable.

The bottom part of the Descending triangle looks flat and upper part created lower high
several times.

As above image of Descending Triangle Pattern we found below things.
Price reaches lower low position with oversold situation.
There after price up in reversal and turned back.
Few time later prices again try to touch previous low.
There after price up in reversal and turned back.
Lastly price able to create new low and bears are taking full control.

Minimum two flat bottom touch and two lower high required for create the
descending triangle in bearish.

 

 

Image 2:

 

Descending Triangle with Bollinger Brand Entry Exit Strategy

 

Image point number – 1, Strong down trend created where price created few lower low.

Image point number – 2, After strong down trend price gone to reversal. Price touches
two times in previous low but failure to break down.

Image point number – 3, Price created four lower high. We concretely found descending
triangle in chart. Also price unable breakdout successfully Bollinger Upper Brand. Now we
have to wait for break down.

Image point number – 4, Aggressive or conservative trader put their SELL STOP order 2
pips below of descending triangle break down candlesticks. Also descending triangle
breakdown candlesticks breakout Bollinger Lower Brand which confluence had shown
extra confidence for SELL.

Image point number – 5, After hit SELL STOP order aggressive trader place STOP LOSS 2
pips above of descending triangle break down candlesticks. Conservative traders place
STOP LOSS 2 pips above of descending triangle upper channel.

Image point number – 6, As per descending triangle exit rules, we measure take profit
range.

Image point number – 7, Conservative or aggressive trader place their take profit level on
descending triangle take profit range or near swing low or 1 : 2 or 1 : 3 risk reward ratio.

Symmetrical Triangle with Bollinger Brand Entry Exit Strategy:

Before explore Symmetrical Triangle with Bollinger Brand Entry Exit Strategy at first
we learn to know what Symmetrical Triangle is.

What is Symmetrical Triangle: The Symmetrical Triangle is the area of indecision where
present price is pause and future direction is questionable. This time demand and supply
are equal.

 

Image 3:

Symmetrical Triangle with Bollinger Brand Entry Exit Strategy (BUY)

Image point number – 1, Strong uptrend created where price created few higher high.

Image point number – 2, After strong uptrend price gone to correction. Price created
three times in lower top but failure to breakout.

Image point number – 3, Price created three times higher bottom. We concretely found
ascending triangle in chart. Also price unable breakdown successfully Bollinger Lower
Brand. Now we have to wait for breakout.

Image point number – 4, Aggressive or conservative trader put their BUY STOP order 2
pips above of ascending triangle breakout candlesticks. Also Ascending triangle breakout
candlesticks breakout Bollinger Upper Brand which confluence had shown extra
confidence for BUY.

Image point number – 5, After hit BUY STOP order aggressive trader place STOP LOSS 2
pips below of ascending triangle breakout candlesticks. Conservative traders place STOP
LOSS 2 pips below of ascending triangle lower channel.

Image point number – 6, As per ascending triangle exit rules, we measure take profit
range.

Image point number – 7, Conservative or aggressive trader place their take profit level on
ascending triangle take profit range or near swing high or 1 : 2 or 1 : 3 risk reward ratio.

 

 

Image 4:

 

Symmetrical Triangle with Bollinger Brand Entry Exit Strategy (SELL)

Image point number – 1, Strong down trend created where price created few lower low.

Image point number – 2, After strong down trend price gone to reversal. Price created
two times higher bottom which mean indecision.

Image point number – 3, Price created two times lower top which means trend pause. We
concretely found symmetrical triangle in chart. Now we have to wait for break down.

Image point number – 4, Aggressive or conservative trader put their SELL STOP order 2
pips below of symmetrical triangle break down candlesticks.

Image point number – 5, After hit SELL STOP order aggressive trader place STOP LOSS 2
pips above of symmetrical triangle break down candlesticks. Conservative traders place
STOP LOSS 2 pips above of symmetrical triangle upper channel.

Image point number – 6, As per symmetrical triangle exit rules, we measure take profit
range.

Image point number – 7, Conservative or aggressive trader place their take profit level on
symmetrical triangle take profit range or near swing low or 1 : 2 or 1 : 3 risk reward ratio.

 

 

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

Check Also

Bollinger Brand Strategies (Part-8)

Bollinger Brand Strategies (Part-8)

Bollinger Brand Strategies (Part-8)     Friends……. A lot of thanks for visit earnmoneyfx.com As …

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