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Bollinger Bands and Stochastic Reversal Trading Strategy 💡

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Bollinger Bands and Stochastic Reversal Trading Strategy. http://www.financial-spread-betting.com/course/bollinger-bands.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This is a nice strategy. It was claimed to be a swing trading strategy but to me it has more similarities to day trading. The idea of the strategy is to utilise Bollinger Bands and Stochastics. Criteria as follows: 1) The price must be touching or above the upper Bollinger Band. 2) Stochastics must be in an overbought condition. 3) You must have a reversal candle at that point. You could tailor this strategy according to what you expect the price to do in particular the stakes (risk) you want to take and stop placements. The general idea of this trade is that you're looking for a reversal; you've got the overbought condition, flush, exhaustion and the candlestick pattern to get in. You could end up with a gem of a trade that gets you in on Day 1 or Day 2 of a big trend reversal.
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Text Comments (18)
Waylan Mason (1 month ago)
what is your stochastic settings?
Robert T (2 months ago)
I was just backtesting this method on the 15min charts of EURUSD starting from the London open BEFORE I found this video haha. Quite funny that I found this vid after I had already thought of the strategy. I use that specific criteria of TF/Pair/Time of Day mainly because it's the only time I can really sit in front of charts. But also because London open and New York open show the most volatility during the day so they are perfect times to use this strategy. I'll look into it on daily TF as well though, could be a good long-term strat to use.
Jon Smith (2 months ago)
For the Stochastc I think the 14, 3, 3, lines up better with the reversal candle than the 13, 5, 5,
TJ Marta (3 months ago)
Hard to see indicators, please make thicker and brighter.
Edson P.K Molaodi (5 months ago)
Whats the best time frame to use that strategy on?
Marc-André Charpentier (5 months ago)
Good job on this strategie! but I have to say that you look EXACTLY like Jim in the show The Office haha! Keep up the good work my friend.
Jesse Atwood (5 months ago)
I like it!
Paul Davidson (6 months ago)
From a quick look at the charts, 5-min candlesticks don't seem to work but 15-min ones do.
gaurav patil (5 months ago)
actually, if u want to be in a trade for short term with lesser profit then 5 min candles work better, and for longer term and higher profit 15 and 30 mins are good
Louis Hibbs (6 months ago)
sideways markets//rsi,slow stoc,BB and fib exts..
Ridwan Gunawan (7 months ago)
do you think it is possible to automate this stratregy?
Alberto Morales (7 months ago)
fantastic video
Will B (9 months ago)
I am a very new trader and this is the strategy I have decided to use. I love this strategy and the like the idea of having a reversal candle in addition to the two indicators.
Louis Hibbs (6 months ago)
use the rsi with those others..and then run a fib ext..also..
Otavio Guimaraes (9 months ago)
Nice video. I adaptes that strategy to fibonacci sequence averages like 21 for BB and 13/3 for stochastics. I use that mostly for daytrading, and it works definitely better in sideways markets. Greetings from Brazil. Good job
Ginger Gander (9 months ago)
I successfully use a similar tactic day trading tick charts on CME instruments... I realize you're overseas and trading derivatives of derivatives (sounds like calculus) within your company Intertrader and true volume is very rare over there, but when trading Bollinger Bands on time charts you're going to have inaccurate results. Love your videos, btw, keep up the good work. There are too many frauds on YouTube and I appreciate the ones trying to help out the 90%.❤️
Se Taga (9 months ago)
it looks like it can be used to scalp..but on maybe like a 15min chart...can it?
Robert T (2 months ago)
15min charts are perfect for this I've found. Always able to get at least 10 pips as a target. Any TF lower than this is just not worth it once you take into account the spread.

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