Forex Intraday Trading Strategy. Forex Bollinger Bands Support Resistance Trading System is very easy but high profitable. And Bollinger bands are a very powerful technical indicator. Some traders will swear that solely trading bollinger bands is the key to their winning systems.
These are a few of the great methods for trading bollinger bands. I am not one to use many indicators on my charts due to the cluttered feeling I get. Keep it simple. If you feel the need to add additional indicators to confirm your analysis, make sure to test it out thoroughly in advance to putting any trades on.
Best Time Frame : M15 – M30
Currency Pairs : any
- AA HHL
- Solar Winds Joy
- Aqueeze Break
- Support Resistance
- Price above upper band Bollinger Bands
- Solar Winds Joy green and above 0 line
- SMI upward ( White SMI above green SMI line)
- Blue Aqueeze Break line upward with green bar above 0.003 line
- When the candlestick touches the BUY Line (green – BELI DISINI…), Trend UP
- Price below lower band Bollinger Bands
- Solar Winds Joy red and below 0 line
- SMI downward ( White SMI below green SMI line)
- Blue Aqueeze Break line downward with green bar above 0.003 line
- When the candlestick touches the SELL Line (Red – JUAL DISINI…), Trend Down.
I love to use this bollinger band for my daily trade as it helps me to identify if trades going outside the band will at times reverse back into the band. For FX to go on trend, i normally go in after the second bar because the band is moving up wards rather than still moving sidewards. This gives me a good 100-400 pip take profit especially during London and New York times.