shillllihs
6,047 posts
msg #150138
- Ignore shillllihs
modified |
1/6/2020 1:39:08 AM
Posting this in a worst case scenario to show how powerful bb(20) and having patience will make you wealthy.
We are trading UWT but DWT is what we are watching.
Several times between Oct2018 and Dec2018 DWT spiked above upper bollinger band and a red candle dipped below upper bollinger band. If you placed an order to bail 1% above on every false dip that did not follow through you would have lost about 5% or so. Late December when it finally pierced down through the upper bb., you could have flipped it and run UWT LONG all the way till May 2019 where DWT finally touched upper bb line for about 130% gain in 7 months. Sure it's not ez being that patient but it sure beats digging a ditch.
Anyone like or dislike this approach? I will say my entries and exits are a bit different but just wanted to show how you can accomplish amazing results with just 1 indicator.
Ps. Again look at Jdst Jnug late May. to Sept. for another 90% not to mention all the other small dips with every 3X pair.
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Mactheriverrat
3,157 posts
msg #150152
- Ignore Mactheriverrat |
1/6/2020 3:46:54 PM
Draw median Bollinger band(20)
?
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shillllihs
6,047 posts
msg #150159
- Ignore shillllihs |
1/7/2020 1:29:26 AM
You can use the median line to sell half then let the other half run till it hits bottom line then sell half of that and let the rest run until a predetermined point.
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