Thursday, October 21, 2010

Bollinger Part II




Use:
Range Bar = 5 for AUD & 8 for GBP and EUR
CCI indicator = 14
Bollinger Band = 15
Keltner Channel = 15

CCI indicator used for filtering the breakout. Not worked every time but enhance winning ratio a little bit. CCI usage : 100 to -100.
Using Range Bar to fixate the Stop Loss and also frequent the Band Contraction.

Now using the range bar if used correctly may avoid the long consolidation. Let's say if price move around 15pips in 3 hours, the time chart surely gave you bollinger band contraction and also lot of faked. But with range bar, this 15 pips movement may give you less candles and slim change to create bollinger contraction.

I found out using this technique 10pips are flying all over the place. You could easily booked 50 pips in 6 hours if you have fast hand and brain!!

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