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miracle of bollinger bands |
mpgramesh
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Joined: 13 Dec 2011
Posts: 79
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Post: #121  Posted: Thu Jun 21, 2012 9:47 am Post subject: |
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| mpgramesh wrote: | dear chirag sir,
i hereby attach bhel sheet, is it correct time to buy?
please give ur reply sir |
BHEL 
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dharmeshtr
White Belt
Joined: 10 Feb 2011
Posts: 205
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| Post: #122 Posted: Fri Jun 22, 2012 12:38 am Post subject: USD-INR - How to interpret? |
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Hi Chirag,
Attaching USD-INR Fut data in excel sheet from 3-Jan2011 till date. The columns are bit changed. I have added Column titles. Added Date and Open price too, as I should know which date it made High etc, and what is the Open price, as I would like to see Open price.
Here, your columns D,E,F,G are shifted to F,G,H,I respectively. The lowest value you can see in Column: I. So High, Low, Close prices are in Columns C,D,E respectively.
I need your valuable comments on how to interpret, so as to take correct trades. I know the logic is same like whenever I get lowest value in Column: I, I need to see High, Low, Close values. But still this is a different counter. Your observations would be more minute than what I interpret. I have highlighted few of the values in Column:I and couple of rows as well.
Thanx in advance!
Regards,
Dharmesh
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chiragbvyas
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Joined: 18 Feb 2010
Posts: 469
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| Post: #123 Posted: Sat Jun 23, 2012 8:03 am Post subject: Re: USD-INR - How to interpret? |
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| dharmeshtr wrote: | Hi Chirag,
Attaching USD-INR Fut data in excel sheet from 3-Jan2011 till date. The columns are bit changed. I have added Column titles. Added Date and Open price too, as I should know which date it made High etc, and what is the Open price, as I would like to see Open price.
Here, your columns D,E,F,G are shifted to F,G,H,I respectively. The lowest value you can see in Column: I. So High, Low, Close prices are in Columns C,D,E respectively.
I need your valuable comments on how to interpret, so as to take correct trades. I know the logic is same like whenever I get lowest value in Column: I, I need to see High, Low, Close values. But still this is a different counter. Your observations would be more minute than what I interpret. I have highlighted few of the values in Column:I and couple of rows as well.
Thanx in advance!
Regards,
Dharmesh |
Dear Dharmesh,
First of all i dont track USDINR but after viewing yr excel sheet i am of the opinion that you should consider only last column where we find the lowest value (sqizzed) note down that days high low close and wait up to they act as confirm sup/resi and do trade accordingly.
one more thing a script which price is less than 200-250 rs we will see almost everything same in the columns so it is hard to notice same values in last four columns.
i appreciate yr efforts.
sorry for late answer coz of short of time.
regards
chirag
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dharmeshtr
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Joined: 10 Feb 2011
Posts: 205
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| Post: #124 Posted: Sat Jun 23, 2012 9:50 am Post subject: Re: USD-INR - How to interpret? |
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| Quote: | Dear Dharmesh,
First of all i dont track USDINR but after viewing yr excel sheet i am of the opinion that you should consider only last column where we find the lowest value (sqizzed) note down that days high low close and wait up to they act as confirm sup/resi and do trade accordingly.
one more thing a script which price is less than 200-250 rs we will see almost everything same in the columns so it is hard to notice same values in last four columns.
i appreciate yr efforts.
sorry for late answer coz of short of time.
regards
chirag |
| Quote: | Chiragbhai,
Thanks for your reply and sharing your views.
Rgds,
Dharmesh |
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dharmeshtr
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Joined: 10 Feb 2011
Posts: 205
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| Post: #125 Posted: Sun Jun 24, 2012 2:23 am Post subject: Re: bb |
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| chiragbvyas wrote: | | MILANCHN wrote: | | when buy on row 358 y 4982 is chosen as stop |
previous day upper band value is that so.
a low above previous day upper band means u can buy in truck load |
| Quote: | Chiragbahi, pls explain this 358 row of Nifty spot interpretation.
You mean when Low that day is greater than previous day's upperband value we have to Buy it. Do we need to Buy near EOD, so that we can assume the low (5007.75) is not broken? Or when we need to Buy during the day?
Rgds,
Dharmesh |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #126 Posted: Sun Jun 24, 2012 9:03 am Post subject: Re: bb |
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| dharmeshtr wrote: | | chiragbvyas wrote: | | MILANCHN wrote: | | when buy on row 358 y 4982 is chosen as stop |
previous day upper band value is that so.
a low above previous day upper band means u can buy in truck load |
| Quote: | Chiragbahi, pls explain this 358 row of Nifty spot interpretation.
You mean when Low that day is greater than previous day's upperband value we have to Buy it. Do we need to Buy near EOD, so that we can assume the low (5007.75) is not broken? Or when we need to Buy during the day?
Rgds,
Dharmesh |
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Are dharmeshbhai raat ke dhai baje shehnai kyu baja rahe ho. but i can say you one thing u r working hard and u have burning desire to have a good set up for trading which can generate good money for better life style.
coming to yr point....
think when a trend is confirmed in terms of strength?
1.it must not touch lower band
2.it must be above sma10
3.if it is closed above upper band and next day opens gap up than it is a confirm buy atleast for that day.
4.for swing trade, the date given close above upperband that days low price is yr ultimate closing base stop loss for that long trade.
now example for what i have explained.....
see row no.249 the "D" value is 4759.519 and close is 4765.3
the low for that date is 4675.8 which is our closing base stop loss.
and u get entry after couple of days on the row no.252 where low is 4686.85. now from that row to row no. 284 it never touched sma 10 or lower band. it went up to 5629 means 10 points of stop loss given profit of almost 1000 points.
now row no.358........
on row 357 given close above upper band and low for that day is 4886.15
that is our stop loss for long trade.
but next day opens gap up so nearest stop loss is either previous close price or the upper band of that day, and we chose upperband. if that stop is taken then wait prices to retress near our ultimate stop (4886.15) and take long.
now see the row no.364 closed above upper band but that days low(5069.15) which is our stop is taken next day.
see row no.368 given close above UB and low is 5093.45 (closing base stop) next day low is 5094 means only 0.55 paisa stop loss and a long trade can be initiated. book profit on this long trade if stop is taken or u find smallest value in column "G" or D E F are similar or nearest.
so this set up's route is like that...... got it?.......
hope i have explained clearely. if any doubt is there pls post
keep it up doing hard work.
regards
Chirag B.Vyas
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dharmeshtr
White Belt
Joined: 10 Feb 2011
Posts: 205
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| Post: #127 Posted: Sun Jun 24, 2012 9:28 pm Post subject: Re: bb |
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| chiragbvyas wrote: |
Are dharmeshbhai raat ke dhai baje shehnai kyu baja rahe ho. but i can say you one thing u r working hard and u have burning desire to have a good set up for trading which can generate good money for better life style.
coming to yr point....
think when a trend is confirmed in terms of strength?
1.it must not touch lower band
2.it must be above sma10
3.if it is closed above upper band and next day opens gap up than it is a confirm buy atleast for that day.
4.for swing trade, the date given close above upperband that days low price is yr ultimate closing base stop loss for that long trade.
now example for what i have explained.....
see row no.249 the "D" value is 4759.519 and close is 4765.3
the low for that date is 4675.8 which is our closing base stop loss.
and u get entry after couple of days on the row no.252 where low is 4686.85. now from that row to row no. 284 it never touched sma 10 or lower band. it went up to 5629 means 10 points of stop loss given profit of almost 1000 points.
now row no.358........
on row 357 given close above upper band and low for that day is 4886.15
that is our stop loss for long trade.
but next day opens gap up so nearest stop loss is either previous close price or the upper band of that day, and we chose upperband. if that stop is taken then wait prices to retress near our ultimate stop (4886.15) and take long.
now see the row no.364 closed above upper band but that days low(5069.15) which is our stop is taken next day.
see row no.368 given close above UB and low is 5093.45 (closing base stop) next day low is 5094 means only 0.55 paisa stop loss and a long trade can be initiated. book profit on this long trade if stop is taken or u find smallest value in column "G" or D E F are similar or nearest.
so this set up's route is like that...... got it?.......
hope i have explained clearely. if any doubt is there pls post
keep it up doing hard work.
regards
Chirag B.Vyas |
| Quote: | Chiragbhai,
Yes, I am working hard to find proper setup. Your band is working amazingly on Stocks like Yes Bank, Reliance Capital , and others as well. I have also converted your formula of this Band in MetaStock EOD and that also works fine only STDEV values differ but column g value when low trend gets changed.
Thanks for your detailed reply though I need to understand what you have explained, I need to visualize that in terms of chart too.
Hey Bravo, I will definitely take this to further level.
Just for your information and others too try to observe this Band on NSE FX Currency future like USDINR (I have already uploaded USDINR data in excel sheet in my earlier post), GBPINR, EURINR and I found that whenever Column: "I" gets lowest value you can take a trade in the direction of trend and exit at profit of 0.70 paise in a day or two, (Total Gross Profit of Rs. 700/- is not less for a small trader like me. As this counter is not that volatile like other index counter, one can earn this pocket money kind of earnings to meet their additional expenses.
Regds,
Dharmesh |
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ayan1979
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Joined: 13 Jul 2011
Posts: 30
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| Post: #128 Posted: Sun Jun 24, 2012 10:01 pm Post subject: |
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dear chiragbvyas ji
can you pls tell me the formula for 55 sma high,low,cose trade setup,i am not much expert in excel,if possible pls elaborate how to implement in excel,thanks in advance
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chiragbvyas
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Joined: 18 Feb 2010
Posts: 469
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| Post: #129 Posted: Mon Jun 25, 2012 12:06 am Post subject: hi |
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| ayan1979 wrote: | dear chiragbvyas ji
can you pls tell me the formula for 55 sma high,low,cose trade setup,i am not much expert in excel,if possible pls elaborate how to implement in excel,thanks in advance |
Dear Ayan,
first of all get historical data from www.nseindia.com/index.htm of which script you want to trade. we need high low and close data.
here i attach an excel sheet for example and for yr reference.
hope it will help you to create work sheet of your choice of scripts.
column d e f are 55 sma high low and close. when a script close above 55 sma high we assume that it is in bulish trend. if it opens gap up and dont break that low it is confirmation.
if a script close below 55 sma low and unable to cross close or high 55 sma it is assumed that it is in bearish trend. to change the trend it must close below 55 sma low.
if u find any confusion pls post i will try to explain u.
regards,
chirag.
| Description: |
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| Filename: |
Book1.xls |
| Filesize: |
156 KB |
| Downloaded: |
424 Time(s) |
| Description: |
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Download |
| Filename: |
Book1.xls |
| Filesize: |
156 KB |
| Downloaded: |
647 Time(s) |
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ayan1979
White Belt
Joined: 13 Jul 2011
Posts: 30
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| Post: #130 Posted: Mon Jun 25, 2012 12:22 am Post subject: |
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dear chiragbyas ji
thankyou very much for the timely reply,understood the trading method,if i have any doubts in (how to load 55sma high,lo,close formula in excel)pls clarify my doubts,thanks
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chiragbvyas
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Joined: 18 Feb 2010
Posts: 469
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| Post: #131 Posted: Mon Jun 25, 2012 12:27 am Post subject: |
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| ayan1979 wrote: | dear chiragbyas ji
thankyou very much for the timely reply,understood the trading method,if i have any doubts in (how to load 55sma high,lo,close formula in excel)pls clarify my doubts,thanks |
pls put your cursor in D column in row 55 and see the formula bar the formula is there.
it is =sum(a1:a55)/55
regards
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chiragbvyas
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Joined: 18 Feb 2010
Posts: 469
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| Post: #132 Posted: Mon Jun 25, 2012 12:44 am Post subject: |
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| chiragbvyas wrote: | | ayan1979 wrote: | dear chiragbyas ji
thankyou very much for the timely reply,understood the trading method,if i have any doubts in (how to load 55sma high,lo,close formula in excel)pls clarify my doubts,thanks |
pls put your cursor in D column in row 55 and see the formula bar the formula is there.
it is =sum(a1:a55)/55
regards |
Dear Ayan here is a word sheet that is made by one of 55 sma follower when i discuss this method some months back
| Description: |
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55_sma_system_by_cbv_275.doc |
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chiragbvyas
White Belt
Joined: 18 Feb 2010
Posts: 469
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| Post: #133 Posted: Mon Jun 25, 2012 12:45 am Post subject: |
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| chiragbvyas wrote: | | chiragbvyas wrote: | | ayan1979 wrote: | dear chiragbyas ji
thankyou very much for the timely reply,understood the trading method,if i have any doubts in (how to load 55sma high,lo,close formula in excel)pls clarify my doubts,thanks |
pls put your cursor in D column in row 55 and see the formula bar the formula is there.
it is =sum(a1:a55)/55
regards |
Dear Ayan here is a word sheet that is made by one of 55 sma follower when i discuss this method some months back |
now if u want to discuss 55 sma related queries pls visit that thread and post in that thread. this thread is for BB
regards
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ayan1979
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Joined: 13 Jul 2011
Posts: 30
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| Post: #134 Posted: Mon Jun 25, 2012 1:03 am Post subject: |
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yes chiragbvyas ji
thankyou very much once again,if any queries i'ii post it in that thread,dont want to disturb other users discussing bb,thanks very much for your time ,nice discussing with you
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Gemini
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Joined: 28 Apr 2009
Posts: 166
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| Post: #135 Posted: Tue Jun 26, 2012 3:57 pm Post subject: |
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For those who follow Miracle of BB:
Nifty and IDFC ( I am tracking only these 2 right now) have displayed Squeeze (i.e. narrowing of BB width to very low value, closer to low values seen over last 12 months) as well as parallel Upper and Lower BB (i.e. values almost equal for multiple days). In my opinion, these sign indicate breakout very soon (any direction). Todays high and low need to be noted for such a break-out even.
Nifty : BB Width: 68 High today: 5134, Low: 5097.
IDFC: Width: 3.9 High today: 132.55, Low: 129.7
Spot value near the closing time ( ~ after 3 pm) if above or below the H/L indicated above, one can enter in direction of breakout.
These will be swing trade, i.e. for multiple days.
Happy Trading !
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