hello everyone I want to ask. For BBMA buy when lowered and sell when at the top bollinger. but sometimes why the market penetrates bollinger and often fake signals occur. maybe there is input for me, because I still don't understand?
Its look like very simple for newbie like me,just waiting for sma 6 cross sma 12 and sma 24.i will try it at demo account first and it just for gbpsud sir or can be used for another pairs?thanks
if you have to market GBP / USD if you want to try, as far as I know GU that pair is the most difficult to analyze. better in the Eur / Usd pair it is more directed to move it.
BBMA is the best indicator that many traders use it. even this Bbma has been claimed to have an accuracy rate of 70% and above.
this is a very simple technique and anyone can use it..basic my understanding is to look at market trends from daily trends and the entry execution with signals from SMA onlythe thing we need to need issma6 (blue)sma12 (orange)sma24 (green)bolinger band 24 with deviations 2 and 3 (green)if it's ruled it's very easy :we use it to see the daily trendwe use bolinger bands as upper and lower limits or as our standard deviationfor sma6 and sma12 is the determinant of our entrybuy:when sma6 cuts sma12 from the bottom and the candle position is above the two smaand this condition is above sma24so we buy only when the trend risessell:when sm6 cuts sma12 from top to bottom and the candle position is below the two smaand the condition was below sma24so we sell when the trend dropsBB usability here is our limit when the candle touches on BB2, the sign is that the price has begun to saturate, it can turn to the middle BB if the trend is strong and the candle penetrates to BB 3 and there is certain that the price will go towards the middle BBso here we can determine our take profit at BB2 or 3 area or if we find a reversal candle on both BB levels ... and for stop losses it can be below or above SM12 depending on our calculationwarning:this technique should avoid high impact news2 markets and candle positions in the middle bb but if it is in bb3 the price reversal is likely to be quite significant with high impact news.and do not enter the market sideway.thank you, hopefully this technique can be very helpful for everything
it doesn't have to be like that for the entry, if I think I have to see the candle formation
yes right sir, you must still see candlestick formations
because the indicator is formed from the price
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