hi friends
Do you have a bbands pullback system?
If not no problem, you can see it here
http://www.alpeshpatel.com/pb/
Any comments/
Whoever can code please try.THANKS AND REGARDS
FORD
Do you have a bbands pullback system?
If not no problem, you can see it here
http://www.alpeshpatel.com/pb/
Any comments/
HTML Code:
Concept
price momentum,value area,pull back from extremes after momentum exhausted
bbands 20-2
15minutes or hourly timeframe or 4 hourly
centreline is value area and prices go there,through it to other band.
bands are extremes.price hits and reverses.
buy signal
1 price is beginning heading below CENTRELINE MA20
2.PRICE MAKES 3 LOWER LOWS,L1,L2,L3 each lower than prior one(it can mak 5 or 6 lows-never mind just look for higher high)
3.price reverses up,makes a higher high
enter buy
target= proceed till you reach upper band or almost 80% of distance to it
then exit trade
sell signal
1.price begins heading above centreline
2.price makes 3 higher highs h1,h2,h3,each higher than the previous one
(it can make 5 or 6 highs never mind look for lower low)
3.price reverses down,making a LowerLow
enter Sell
target = proceed to -lower bandFORD