Understanding Market and Price Action using Complete set of Bollinger Band as a Trading System


This system is developed to remove the idea of crossover SMA and replace it with complete band system to understand market structure.
The following setting and indicators were adopted and used.
We apply the following SMAs to understand market sentiment. 200 SMA in Daily, 160 SMA in Weekly and 40 SMA in Monthly. These SMA is the bigger mean point of the market where decisions for breakout, retest, support and resistance are determine.
The 40 SMA and its Bollinger Band structure represents the quantum structure through which price travels. The Bollinger Middle Band (BMB) is the mean from which decisions are also taken.
Price operates in three folds, Breakouts-Consolidation-Breakouts (BCB). The breakouts could be True or False one depending on the market fold. To continue reading click on this link Understanding Market and Price Action using Complete set of Bollinger Band as a Trading System

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