Fxequity

Quick-Time period Bollinger Reversion Technique 2.0 (Dec. 9 – 16)


Developments picked up for each pairs I’m watching on this technique, and sadly this meant a couple of shedding positions.

How did it find yourself total?

On this revised model of the Short-Term Bollinger Reversion Strategy, I’m ready for RSI to cross above or beneath oversold or overbought ranges to point a bit extra momentum within the course of the commerce.

Be sure you evaluation the tweaks here.

USD/CAD began off in consolidation across the center band earlier than volatility picked up midweek.

USD/CAD 1-hour Forex Chart
USD/CAD 1-hour Foreign exchange Chart

The pair snagged a brief place on a take a look at of the highest Bollinger Band, and this didn’t actually revert again to the center.

As an alternative, the uptrend carried on and finally triggered the cease loss. Ouch!

One other quick sign popped up earlier than the week got here to a detailed, and this one was in a position to rating some wins on the primary goal.

The remaining half of the place already has the cease adjusted to entry, so I’m taking a look at a risk-free play on this one.

In the meantime, CAD/CHF was trending decrease virtually all the week.

CAD/CHF 1-hour Forex Chart
CAD/CHF 1-hour Foreign exchange Chart

It caught an extended sign early on, and this was in a position to bag some pips on the center band earlier than closing the remaining at entry.

The following lengthy play didn’t keep open for very lengthy because it was immediately adopted by yet one more bullish sign, which turned out to be a loss.

One other lengthy sign materialized earlier than the top of the week, and this was in a position to hit each revenue targets. It’s simply too dangerous that the bands have been fairly slim then, so the features weren’t sizeable in any respect.

Even so, CAD/CHF managed to scrape by with a 20.5-pip or 0.41% win!

This leaves the Short-Term Bollinger Reversion Strategy with a 29.5-pip or 0.59% loss for the week on account of USD/CAD’s stopped out place.

This pair nonetheless has an open commerce that’s already locked in some pips and is on a risk-free run, so I’m hoping it nonetheless makes up for the loss.

Seen how the numbers turned out for Q3 2021 but?



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