Bollinger rails 5 minute trading method
1. Bollinger track settings
2. Bollinger rails three lines
1.
On the track (above, represented by a)
2.
Middle rail (middle, represented by m)
3.
Lower track (down, represented by d)
Gold runs at the d position (the d direction is down at this time)
When the direction of d changes (horizontal or upward), the
candlestick moves up
At this point, it can be judged that gold may rise
(requires a rising end candle to confirm)
need to take note of
m resistance and a resistance
Gold rises from d meets m resistance and falls
It continued to fall, then started to rise
After breaking through m, continue to rise, encounter resistance a
The position where the gold is running (the a direction is upward at
this time)
When the direction of a changes (horizontal or downward), the
candlestick runs downwards
At this point, it can be judged that gold may fall
(requires a falling candle to confirm)
Gold meets support and rises to a
Then it falls again to d (d is support)
It rises above m again, and then falls to d
teetering between resistance and support
5 Minute Bollinger Bands Trading Method
The verified correct rate is as high as 97%
It should be noted that the profit obtained by such a trading method
is generally 1-3-5 pips
Suitable for scalping
Not suitable for long-term holding
Note: All trading methods are only
suitable for technical analysis (not
guaranteed to be 100% correct)
Except news