Ways to become an advanced trader with Bollinger Bands, 3rd Part TA Challenge?🤨
Hmm...![]()
So, the 3rd part is to apply BB with other indicators like MACD which we have learned in the way previous past ![]()
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Milk The Cow :Tech Analysis To Identify Trend Using MACD 📈 Day 2 (AMC As Example)
(Not bad, applying what we learned in the past too![]()
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Milk The Cow :Tech Analysis To Identify Trend Using MACD 📈 Day 2 (AMC As Example)
(Not bad, applying what we learned in the past too
Check ✅ out @Meta Moo first if u have not, before we start on the practical together ![]()
:
Meta Moo :Ways to become an advanced trader with Bollinger Bands
Meta Moo :Ways to become an advanced trader with Bollinger Bands
Select "BOLL" & "MACD" as shown in P1.
As what we learned about MACD:
Orange line cut ✂️ above Blue line = Possible Uptrend
Applying BB with MACD:
Candle cut above the pink line & moves toward the upper band of the BB = Possible Uptrend
Conclusion:
High chance Uptrend = May be a great buy![]()
As what we learned about MACD:
Orange line cut ✂️ above Blue line = Possible Uptrend
Applying BB with MACD:
Candle cut above the pink line & moves toward the upper band of the BB = Possible Uptrend
Conclusion:
High chance Uptrend = May be a great buy
2. The Magic of BBIBOLL ![]()
P2.1:
P2.1:
Price trend shrinks + become open + positive line above middle band = Possible Uptrend
P2.2:
Price trend opens + become narrow + negative line below middle band = Possible Downtrend
Sell High?
P3.1:
P3.1:
Circled in blue, the 2nd day sell high as shown in P3.1?
Buy Low?
P3.2:
P3.2:
Circled in blue, the 2nd day buy low as shown in P3.2?
PS with all the circling & dotted lines = Monkey 🐒 cannot draw 🎨 perfect circling & lines ![]()
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1. Which time frame does the Bollinger Bands work best on?
Idk, it's up to u to choose the time frame depending on what kind of investors u are = short-term or long-term![]()
According to @Meta Moo , 15 minutes or 5 minutes are better time frame for short-term investors.
Idk, it's up to u to choose the time frame depending on what kind of investors u are = short-term or long-term
According to @Meta Moo , 15 minutes or 5 minutes are better time frame for short-term investors.
2. Which type of trader are Bollinger bands suitable for?
Usually most indicators are for short-term investors as they used it more often.
Long-term investors also use those indicators, but less frequent![]()
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Usually most indicators are for short-term investors as they used it more often.
Long-term investors also use those indicators, but less frequent
After acquiring the advanced and straightforward usage of Bollinger Bands, have you tried using these strategies to analyze the stocks you are following?
There's nothing much to acquire in the 1st place as I'd already acquired it long time ago & has been using them ever since![]()
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There's nothing much to acquire in the 1st place as I'd already acquired it long time ago & has been using them ever since
Did you see any opportunities or encounter any problems?
Yar, I do see opportunities. I also do encountered problems like the price movements just change so quickly before the indicator can draw the trend, something like an unexpected U-Turn![]()
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Yar, I do see opportunities. I also do encountered problems like the price movements just change so quickly before the indicator can draw the trend, something like an unexpected U-Turn
Note: I think @Meta Moo is using desktop 🖥 version while I'm using mobile 📱 version. U get the ideas 💡, adjust ur own gears ⚙ ![]()
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DYODD before investing![]()
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Milk The CowOP : Finally done 3 parts. Time
for a break 
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