DAX: Everday a Bouhmidi-Reversal #DAX40 heading to lower #BouhmidiBand - We had everday a reversal signal in the last six days - Today as well? Want to know more about Bouhmidi-Bands?
Check my Script:
Bouhmidi
DAX - Intraday long reversal Bouhmidi-BandsToday we had a chartbook daytrading signal using the Bouhmidi-Bands. After testing the lower Bouhmidi-Band the market directly reversed to the upside into in BB-Bandwidth.
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Do you want to know more about the BB and apply them on your TV-Charts? Check my script here:
DAX fight for upper Bouhmidi-Band #DAX40 - Good start into the new month - Already fighting with upper #Bouhmidi-Band. We could see a small reversal around lunch time heading into bandwidth
Trading Idea - #SP500 #BoumidiBandsHello everybody,
since I pay a lot of attention to statistical values in trading, I took a closer look at the #BoumidiBands (BB_SPX).
The BBs are derived from the implied volatility of the futures markets. The upper and lower bands of the indicator give us the range with the highest probability in which the market can move.
If the market breaks out of the BBs, it is expected to return into the bands. At least that is my interpretation.
I applied the BBs to the SP500 index and took a closer look on Tradingview. I looked at the data from February 2021 to today.
My backtesting criteria: on a breakout above the upper band I would open a SHORT trade and on a slide below the lower band, I would open a LONG trade.
The result is fantastic, without defining SL and TP here. In total, my backtesting resulted in 19 winning trades against 7 losing trades.
Check out my chart where I marked the market entries.
green thumbs up = winning trade
red thumb down = losing trade
Have fun with it.
I would be happy if you leave me some feedback.
Regards
Traderherz
DAX Update: We broke Bouhmidi-Bands #DAX - Update: $DAX has broken the lower #Bouhmidi-Band. It still more than a hour to go in #Frankfurt. We might have seen the bottom for to day and could revert as usually back in to the bandwidth.
DAX failed intraday at upper Bouhmidi-Band (68%)$DAX - Opps they did it again... No chance to break the #Bouhmidi bandwidth. Again a wonderful reversal into the bandwidth. The area around the upper Band is still strong and valid even US opening could not help to push above.
DAX: Back into Bouhmidi-Bandwidth #DAX - We tested today's lower #Bouhmidi-Band after we broke the short term rounding bottom. After Test of BB we moved back into bandwidth -
Fear or Greed? - Simple Volatility AnalysisToday, the S&P 500 was able to make strong gains again. However, in a still uncertain environment. The probability of short-term pull-backs is high. On the one hand, the VIX is still trending above the important 50-day line and, on the other hand, the Relative Strength Index was unable to breach the 48.5 thresholds. Thus, the upward trend that began in mid-August remains intact for the time being and should provide further volatile trading days in view of the upcoming election.
However, since the successful breach of the 50-day line, the trend has faltered slightly. Since mid-September, the VIX has been trading in a range between 25 and 31 percentage points.
The pressure on the stock markets, especially in the S&P 500, could increase considerably if the upper side of the trading range at 31 points can be sustainably overcome. This would confirm the trend continuation pattern and activate the price target at 38 points.
On the bottom side, the lower side of the trading range and the 50-day line act as a support area. Only a breach of the area around 25 points could dampen the downward risk.
DAX remains in Bouhmidi-Bandwidth The #DAX has remained in the #Bouhmidi range for 5 days in a row and has not even tried to test the frontiers. Around yesterday's upper band at ~ 12330 a short term resistance seems to form. Already on Friday, the #DAX30 failed in this region. - More to come stay tuned!
