I try to combine bollinger and rsi 7, I use it on tf h1 and it is very helpful to know where the market is going and for the trend I use it because it helps determine the trend while the scalping is not against the trend. but people who don't use fibo and I'm helped by fibo for reflection
Bollinger bands is the default indicator that is on mt4 / mt5 this indicator is very suitable to use when the market is in sideway conditions, the way to enter a position is when the candlestick forms the bottom line or the upper line of the Bollinger bands. This indicator is very suitable for scalping. but when the market is in an uptrend or downtrend this indicator is not suitable for me.
I as a beginner is very suitable always with this bollinger band indicator.because its use is very easy. just waiting for the candle to hit the top then I will sell or vice versa.I never took a position if Grafic was in the middle.
Hahahaha unfortunately its just when the bollingerbands flat bro..and when trending market and u sell at the upper band you will be floating minus
but if it's combined with other indicators I think that problem can be solved like adding an MA in bollinger usage. or can be with others as needed.
I also combine the Bollinger Bands indicator with Moving Average or it can be called BBMA. with these two indicators can make it easier for us in analyzing all pairs and also out there a lot of settings that match the strategy of the owner himself, we just choose and learn until we really understand
Yups..bollingerbanda is very helpfull when its flat we can use it for buy the bottom or lower band and take profit at middle band and also otherwise sell at upperband and take profit at middle band aswell.actually this indicator very2 powerfull and preety good but one thing that difficult for me is how we detect reversal trend because even price break middle band up or down sometimes price comeback and not reverse.maybe somebody know it and want to tell me please..because i do really love this indicator and i want to learn it properly
for those who already understand the bollingger band system, it is very good to add market analysis, but for beginners, understanding bollinger band indicators is more difficult than other indicators.
Hi dude..corectly we can see yesterday at EURODOLAR have been break middle band H1 and now what we can see it just like what i have describe the price pullback again
yes right, from the statement of the Bollingger band analysis, I analyzed at the opening of the American market the EURUSD will break at the price of 1,13600.
I think eurodolar will be reversal or change the trend if i saw from the monthly candlestick..just see what will going on when monthly candle has closed
with moving everage indicator analysis system, for potential sellers on TF monthly still large bro,
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