200 pips a week with Bollinger Bands

200 pips a week with Bollinger Bands, CCI and volume indicator has two method for trading Conservative an Aggressive.

Time frame 30 min or 60 min.

Cuirrency pairs: majors.

Conservative Trading

Sell

- Price goes out of the BB followed by a red candle coming into the Bollinger Bands.

o This pattern of price must form a pivot high

- Commodity Channel Index (CCI) crosses down below or touches the top level after the close of the red candle

o Commodity Channel Index (CCI) cross can either happen immediately at the close of the red candle that crosses

the Bollinger Bands or up to 1 candle after

- Previous volume bar indicator is higher than the candle prior

- Bollinger Bands should be either wide or widening, never at a narrow point

- Always consider points of support, resistance and the current trend

When do not enter conditions:

- If Commodity Channel Index (CCI) has gone below the zero line at the close of the Setup Candle

- If if the candle is close to the Bollinger Bands center line

Sell examples

Buy

- Price goes out of the BB followed by a green candle coming into the BB.

o This pattern of price must form a pivot low

- Commodity Channel Index (CCI) crosses up above or touches the bottom level after the close of the green candle

o Commodity Channel Index (CCI) cross can either happen immediately at the close of the green candle that crosses

the Bollinger Bands or down to 1 candle after

- Previous volume bar indicator is higher than the candle prior

- Bollinger Bands should be either wide or widening, never at a narrow point

- Always consider points of support, resistance and the current trend

When do not enter conditions:

- If Commodity Channel Index (CCI) has gone above the zero line at the close of the Setup Candle

- If if the candle is close to the Bollinger Bands center line

Buy examples

Aggressive method is based on a combination of price action , candlestick trading patterns, trend lines and S and R levels. In chart on pictures examples.

Exit

Buy and Sell Take Profit for 60 min tim frame

- Sell trade

o Take Profit at 20 pips.

- Long trade

o Exit 50% of the trade at 18-25 pips.

o Move Stop Loss to - 15-20 pips

o Exit 30% at 25-30 pips

o Trailing Stop Loss at 30 pips or Move your Stop Loss up at 7 pip increments

Stop Loss

- initial Stop Loss at the previous swing high or low plus 4 pips