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Trading Strategies, page-22

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Calvo

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16/11/22

19:57

Post #: 64817101
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Originally posted by Gali ↑

I like to use Bollinger bands with a 1.5 standard deviation 20 for the period. I go over time frames depending on what I'm trying to achieve. It has worked well for the most part when spotting reversals. I don't always get the top or bottom but this has been very effective. I try to be not affected by emotion when trading (doesn't always work...) I think of time frames as a dog's tail the tip being 1 minute the base being a larger time frame for picking direction. Having an understanding of trends, channels and waves also helps me. As I said depends on what I'm doing. Yes fairly simple, I'm a simple bloke but is has and continues to work for me. The big thing I'd say is understanding how your indicator works and whatever it may be and use it to your advantage. Keep the noise to a minimum and trade safely.

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I know of a nice nifty free BB indicator on Tradingview called BBSR Extreme which I have been testing over the past few months. It's a decent one just a bit more tweaking before deploying but potential is excellent.

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