0% MagicI've only seen one 'popular' trader use this divine combo of overlays, (they also cook bacon and eggs together in one pan so maybe it's some sort of fetish or something in their case) but I've dabbled with it for a while as well. The Bollinger Bands and Ichimoku cloud were the first two indicators that I came to use and understand, the fact that they can be used simultaneously without getting too ridiculous is a huge bonus.
Since I do not believe in a wrong way to trade, other than losing a lot; I'll keep my point of view on this combo as straight-up as possible.
Bollinger displays the 'mood' of the price, while the Ichi gives S/R levels as well as providing profit and stop targets a la the 'edge-2-edge' play or the 'c-clamp', giving oversold/bought signals, and bull/bear/indecisive signals via the kumo and the TK. The Ichimoku creates a structure that the Bollinger puts into context by portraying the relative momentum.
Either one of these on their own could arguably do all the things that the other one could in their own way: But, because of this, by hybridizing the two of them the resulting complex can be used like one supercharged indicator.
It's about that simple, and this 4h chart shows a stunning example of the edge-2-edge play mentioned earlier, which is simply when the price enters the kumo/cloud and travels from one edge to the other, either bullishily or bearishly. Here, it was bullish of course.
Adding a Fib to the mix merely enhances the metrics of the Ichi/BB overlay. Any horizontal S/R is going to be 'wedging' with the Ichi/BB on a routine basis, allowing for breakout-trade setups and the usual triangle/wedge patterns. Plus, whatever cosmic Fib voodoo you may happen to worship can also be applied with more context.
This brings me to my final point before this gets too long: The Ichi/BB isn't a substitute for price action analysis, rather it provides a map of the territory. Keeping ones eyes open to price action in whatever form you may already be using it in is a major boon to the Ichi/BB approach.
Bollingerbandstrategy
High possibility of flying HOT-BTC in next 10 daysI predict HOT (Holochain) will fly in next 10 days (maximum).
Why? based on following reasons:
1-Elliott Waves theory
1st wave: 7 ==> 24 satoshies
2nd wave: 24==> 14 satoshies
3rd wave: 14==> ?
Minimum estimation for target of 3rd wave is as below:
based on fibonacci extension 1 (so called AB=CD pattern)==> 31 satoshies
based on fibonacci extension 1.61 ==> 42 satoshies
2- Boolinger band indicator
Squeezing B.B. indicator on high time frame, Often is a good sign for end of sideway and starting a upward/downward momentum . Now, B.B has been squeezed and is ready for a high volume movement (probably upward)
3- Triangle
HOT is reaching to a narrow region of a reletively large triangle. Triangle will be broken in near future.
4-Support
20-day Moving average (green line) and 50-day Moving average (pink line) act as strong supports and this behavior can repeat once more.
Conclusion:
Hot will break red line resistance and exit triangle from top. Breakout can be confirmed when price reaches to 20 satoshies and close above it. Recommended T.P is in range of 30-40 satoshies.
Please like and follow, if you agree with my idea.
Kathy Lien Double Bollinger Band Strategy.As per Kathy Lien's Double Bollinger Band Strategy, here we can see a short opportunity as the price action has broken and closed below the 20 day, 1 standard deviation band. We take the open, or as i do the low of the previous close plus 1 tick for a short sell stop order.
Initial stop loss once in the trade is 1 tick about the 15 day simple MA and I aim for a profit target of 1.6 times entry and stop loss difference.
ENG - Bollinger Squeeze CandidateWe have a six-month period where our current moment is minumum width between the upper and lower Bollinger bands - indicating a squeeze candidate, and an RSI indicating an upward price move is due. Plus, we don't have significant volume on days with negative price action in the lead-up to the squeeze. We can watch band expansion (upward band going higher) for signs of an upward move.
ZECBTC [ZCASH/ BITCOIN] - Sustainable Growth for High VolatilityRefer to related ideas for detail into strategy, which works well with only high volume/volatile coins.
Summary: All indicators must cross to give a strong buy/sell signal
i.e. fibonacci lines, bollinger bands, macd, rsi must be crossed simultaneously.
Back tested over 2 months
16 trades closed
profit = 5.5%
Max drawdown = 0.32% !!!
Average pnl per trade = 0.34%
:)
DASHBTC Bittrex - High Volume/Volatility strategy for Alt coinSimple 15min time-frame strategy which works well with so far XMRETH 7.66% , ETHBTC, LTCBTC 0.26% , DASHETH 3.33% .
Does not work well with FX, Commods, BTCUSD -1.73% , XMRBTC 7.23%
DASHBTC: (43% return over ~3 months = ~14.33% a month return on investment, 2.23% max drawdown, total of 51 trades = 1 trade every 1-2 days)
Uses:
1. Nested bollingers (multiple lengths)
2. MACD
3. Fibo retracement
4. RSI
IF:
#1 (i.e. all bollingers are crossed) and;
#2 (i.e. macd crosses) and;
#3 (i.e. high/low fib lines are crossed) and;
#4 (i.e. RSI bands are crossed)
THEN: BUY/SELL
8 hours ago
Comment: The following is applied to the back testing:
0.25% commission
5000 ticks slippage
Recalculate after every tick
Recalculate after order filled.
ETCETH Bittrex - High Volume/Volatility strategy for Alt coinsSimple 15min time-frame strategy which works well with so far XMRETH , ETHBTC, LTCBTC , DASHETH .
Does not work well with FX, Commods, BTCUSD , XMRBTC
ETCETH: (11.73% return over ~2 months = ~5.87% a month return on investment, 3.14% max drawdown, total of 25 trades = ~ 1 trade every 2-3 days)
Uses:
1. Nested bollingers (multiple lengths)
2. MACD
3. Fibo retracement
4. RSI
IF:
#1 (i.e. all bollingers are crossed) and;
#2 (i.e. macd crosses) and;
#3 (i.e. high/low fib lines are crossed) and;
#4 (i.e. RSI bands are crossed)
THEN: BUY/SELL
8 hours ago
Comment: The following is applied to the back testing:
0.25% commission
5000 ticks slippage
Recalculate after every tick
Recalculate after order filled.
DASHBTC - High Volume ALT coin strategy on Poloniex exchangeSimple 15min time-frame strategy using 4 technical indicators.
DASHBTC: (20.54% return over ~1.5 months = ~13.69% a month return on investment, 1.04% max drawdown, total of 49 trades = 1+ trade per day)
Uses:
1. Nested bollingers (multiple lengths)
2. MACD
3. Fibo retracement
4. RSI
IF:
#1 (i.e. all bollingers are crossed) and;
#2 (i.e. macd crosses) and;
#3 (i.e. high/low fib lines are crossed) and;
#4 (i.e. RSI bands are crossed)
THEN: BUY/SELL
Comment: The following is applied to the back testing:
0.25% commission
5000 ticks slippage
Recalculate after every tick
Recalculate after order filled.