Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
الوصف
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So this is a Bollinger resistance and support map, I just convert it to v4 and add info for current upper and lower levels The length is 60 (instead of regular 20) and we make it to be MTF Ok , so how this system work we choose TF and I normaly use 3x or 4X of the MTF (you can choose your own) then we need to decide if we want to long or short if we go long then the buy point will be the lower value and TP will be TP in green - If we go short then our entry value will be upper and TP (take profit) will be in red so one can put few tweeks and make this system to be more automatic , but I just show this as a easy concept for trade system the main issue in such system is properly to decide when to go short or when to go long that why you need to add other indicators in order to make this call and make this system effective
I love your great work; it so easy to understand; simple is the best!
Appreciated your generous shared; thank you sir =D
aaahopper
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Thank you. Works great
abinash7
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Hi Rafa,,actually am not getting the buy point(lower value ) and sell point(upper value),,,can you please elaborate a little more...thank you
RafaelZioni
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@abinash7, its a concept that base our exit point according to bollinger resistance and support
lets say we are in bull market then you enter your long at lower point (manualy) and exit with the bolinger resistance , since it will break up as it bull market then your first TP in green will be first Take profit , you set up your stop loss there and you go to next TP . opposite in bear market where it the Bollinger will tend to break down , so you short at upper and TP red ones until u get maximum profit . the Bollinger here is different as length is 60 instead of 20 and we use 3x 4x MTF of it to find our true resistance and support level
the only problem with this system is that we need to decide to short or to long it as this system does not tell you it . it just show you where is best places to take your profit or to enter
abinash7
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@RafaelZioni, thanx a ton mate for your smooth explanation,,,
Appreciated your generous shared; thank you sir =D