26th Sept,2011 Monday
Bollinger Bands:The Bollinger Bands consist of 2 bands,1 upper and 1 lower.These bands are plotted above and below the 20 day Simple Moving Average as these bands are standard Deviation of 2% calculated from the 20 day moving average.
I know the upper part was too technical.Lets keep it simple.Follow some of my strategies given below.
1) Go Long when the price crosses and give a close above the Upper band.
2) Go Long when the Price cuts and gives a close above the 20 day SMA
3) When the previous day's candle has given a close below the lower band and the next candle or the current candle closes above the lower band,Go Long
In the Given Below Daily Chart Of Gold one can see all the 3 strategies
For Further Details and Studying in depth on such strategies mail me at kd_analyst@rediffmail.com
Bollinger Bands:The Bollinger Bands consist of 2 bands,1 upper and 1 lower.These bands are plotted above and below the 20 day Simple Moving Average as these bands are standard Deviation of 2% calculated from the 20 day moving average.
I know the upper part was too technical.Lets keep it simple.Follow some of my strategies given below.
1) Go Long when the price crosses and give a close above the Upper band.
2) Go Long when the Price cuts and gives a close above the 20 day SMA
3) When the previous day's candle has given a close below the lower band and the next candle or the current candle closes above the lower band,Go Long
In the Given Below Daily Chart Of Gold one can see all the 3 strategies
For Further Details and Studying in depth on such strategies mail me at kd_analyst@rediffmail.com
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