using your ACAD as an example - here's one of my favorite low
risk trade setups - it involves price closing below the lower
Bollinger Bands for 3 - 5 bars on one time frame, for ACAD it was
on a weekly chart, however that doesn't matter, I use these an 5
min charts as well.
So you had the lower Bollinger band condition on the weekly -
that triggered you to zoom to a smaller time frame daily chart for
a trigger - which you got in the form of a MACD KISS - Stochastic
oversold condition
I find that this Bollinger Band setup almost always give you a
MACD KISS / Stochastic oversold setup on a smaller time frame
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
using your ACAD as an
LOW, ACAD
Posted by matt on 12th of Oct 2021 at 12:15 pm
using your ACAD as an example - here's one of my favorite low risk trade setups - it involves price closing below the lower Bollinger Bands for 3 - 5 bars on one time frame, for ACAD it was on a weekly chart, however that doesn't matter, I use these an 5 min charts as well.
So you had the lower Bollinger band condition on the weekly - that triggered you to zoom to a smaller time frame daily chart for a trigger - which you got in the form of a MACD KISS - Stochastic oversold condition
I find that this Bollinger Band setup almost always give you a MACD KISS / Stochastic oversold setup on a smaller time frame