This is from Jimmer on band entries. 1. If price touches a rising lower bb (long) or a falling upper bb (short) in the traded time frame, that is a safe entry point.
2. If price touches a lateral (flat) bb and is
also touching (or nearly touching) a lateral bb in a higher time
frame, that is safe entry for trade in opposite direction. |
Band Cycle Setups | |
Buy 1 | triple mid-band signal area |
Buy 2 | mid-edge (bottom) band buy area |
Sell 3 | triple edge (upper) band sell area with long term edge band (upper) failure |
Buy 4 | double mid-band buy area |
Sell 5 | triple mid-band sell area |
Sell 6 | double mid-band sell area |
Sell 7 | mid-edge (lower) band sell area |
Buy 8 | double-edge (lower) band with major edge band (low) mid-band intermediate buy area |
Buy 9 | triple edge (lower) band buy |
Buy 10 | triple mid-band buy signal area |
Buy 11 | is shaping up for a edge band (upper) double mid-band sell area |
Buy 12 | could be any combination with major mid-band support area for a buy signal |