After knowing bollinger bands in my last post, now I'll share my experience story about using bollinger bands. I'm always use daily time frame (D1) for trading.
Let's see the rules.
1. When using bollinger bands, the better way to open new position is waiting until break the upper bands or lower bands.
See this picture
In this picture you will found oversold. if you find this, it's better to open buy position, but be careful.
My way to open buy is, after the red candlestick break the lower bands, wait the next candle for a while not for the first opening. For me as a daily time frame, I'll waiting a half day to decide I'll open buy or waiting. Why I should waiting for a half day? because my experience when hurry buy in open position, sometimes the next candlestick still break too then after the candlestick unsatisfied in the oversold it will reversal so when reversal it's the better time to open buy. Waiting is important. It's same with overbought too. Usually when the break happen the bollingerband upper and lower bands will open so wide.
2. How if I didn't find the break upper or lower band?
It's dangerous, usually I combine with another indicator to have more signals. Usually I use indicator alligator and the helper analyze tools fibonacci.
3. Don't try to open new position when the candlestick is in center band.
4. Don't open position when the bollinger bands is narrow.
That's all..
Well now..
I resume all my rules that I found from my experience from this picture..
The conclusion is check this picture
See you next post about new update diary,
Let's see the rules.
1. When using bollinger bands, the better way to open new position is waiting until break the upper bands or lower bands.
See this picture
In this picture you will found oversold. if you find this, it's better to open buy position, but be careful.
My way to open buy is, after the red candlestick break the lower bands, wait the next candle for a while not for the first opening. For me as a daily time frame, I'll waiting a half day to decide I'll open buy or waiting. Why I should waiting for a half day? because my experience when hurry buy in open position, sometimes the next candlestick still break too then after the candlestick unsatisfied in the oversold it will reversal so when reversal it's the better time to open buy. Waiting is important. It's same with overbought too. Usually when the break happen the bollingerband upper and lower bands will open so wide.
2. How if I didn't find the break upper or lower band?
It's dangerous, usually I combine with another indicator to have more signals. Usually I use indicator alligator and the helper analyze tools fibonacci.
3. Don't try to open new position when the candlestick is in center band.
4. Don't open position when the bollinger bands is narrow.
That's all..
Well now..
I resume all my rules that I found from my experience from this picture..
The conclusion is check this picture
See you next post about new update diary,
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