Actualy the idea's is from Mr. Bollinger himself with his Trading Methode. 1 in his book BOLLINGER ON BOLLINGER; but I take a little bit twist with a Standar Deviation Indicators; Ok lets go to the Nuts :
Pairs : EUR/USD (Only !).
TimeFrame: H1.
Indicators : Bollinger Bands (20, Dev;2)
Standar Deviation (20) With Level 0.0017.
SL & TP : 30 Pips (Risk : Rewards = 1:1)
So The Charts must be looks like this :
Rules :
We Entry only if Candlestick Allready break Lower (Sell) or Upper (Buy) Bollinger Bands with Confirmation by :
1. Candlestic with powerfull Momentum (Morubozu Candle); please reffer to ebook Candlestick Made Easzy by Chriss Lee.
2. The Standard Deviation(20) Indicators must be Down bellow 0.0017 Level 7 Rise again.
3. If these condition meet, next bar We will enter the market.
Please feel free to comment. Thanks a lot; have a nice long weekend; MERRY CHRISTMASH 25-12-2009 & HAPPY NEW YEAR 1-1-2010 to Everybody.
GOD Bless you all.
Cheers ...
Manus168