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I have read your post numerous times, and think I might be able...

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Ronzo1010

1,090 Posts.

186

17/11/22

03:15

Post #: 64820799
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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 have read your post numerous times, and think I might be able to add your strategy to another set of indicators that I have been studying.

Could you provide an example of how you applied your analysis to a timeframe and security, in order for me to gain a little more understanding of how you have completed a trade please?

What is/are your preferred time frames for your most successful trades??

Cheers.

XJO Value at posting: 7,122.2
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