Bollinger Band

https://www.youtube.com/watch?v=G--E08PPWls&t=0s

NOTES:

5/15 Min time frame will be used for Intraday traders.

30/60 Min time frame will be used for overnight traders(BTST or STBT) buy today sell tomorrow.

1 day time frame will e used for Swing trade.

Intraday trade should last in 5 to 6 candle in all time frame.

Choose Quality trade not quantity trade.

1. Formation of Bolliger line: Three lines in bollinger band are:

a. Upper BB

b. Middle BB ( 20 Moving average)

c. Lower BB

2. Squeeze band : When market is volatile and trades in a box 

3. Band opening
4. Band closing

Working:

1. Pick the stock where band is squeezing. First point of entry. Opening will define the entry.
2. When candle is out of the lines, that candle will be your confirmation candle. Walking on band
3. Breakout entry.
4. Keep looking for patterns as well while squeeze like double bottom, double top, triple bottom, triple top etc.
5. Exit when band start contracting.



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