BITFINEX:BCHUSD   比特幣現金 / 美元
Step 1 Wait for the price to touch the Lower Bollinger Band
The first element we want to see for our simple trading strategy is that we need to see price moving into oversold territory. Any swing trading strategy that works should have this element incorporated.
Note The preferred time frame for this simple swing trading strategy is the 4h time frame, but the strategy can be used on the daily and weekly time frame as well.
Step 2 Wait for the price to Break above the Middle Bollinger Bands
After we touched the lower Bollinger Band , we want to see confirmation that we indeed are in oversold territory and the market is about to reverse. The logical filter, in this case, is to look after a break above the middle Bollinger Band .
This break above middle Bollinger Bands is a clear signal in the shift in market sentiment.
We at Trading Strategy Guides don’t trade breakouts without disseminating weather or that there are real buyer/sellers – in our case, buyers – behind the breakout which brings to the next step of our simple swing trading strategy.
Step 3 Swing Trading Indicator: The Breakout Candle needs to big a Big Bold Candle that closes near the High Range of the Candlestick Buy at the Close of the Breakout Candle
So far our favorite swing trading indicator has correctly predicted this buy-off, but we’re going to use a very simple candlestick based method for our entry trigger. In this regard, we want to see a big bold bearish candle that breaks above the middle Bollinger Band .
The second element of this candlestick based method is that we need the breakout candle to close near the high range of the candlestick . This is indicative of strong buyers, which really want to drive this currency pair much higher.
Step 4 We hide our Protective Stop Loss below the Breakout Candle
The breakout candle has a lot of significance because we’ve used it in our candlestick based entry method. We assumed that this candle shows the presence of real buyers in the market. If the low of this candle were to be broken, it’s clear enough that this is simply a fake breakout as there are no real buyers.
Step 5 Take Profit once we break and close back below the middle Bollinger Bands
In this particular case we’re looking at a long trading example. So, if the price breaks back below the middle Bollinger Banks it’s time to get worried and take our profits as it can signal a reversal.
The reason why we get profit here is quite easy to understand as we want to book the profits at the early sign the market is ready to roll over.
Note The above was an example of a BUY trad. Use the same rules – but in reverse – for a SELL trade.
If you dont buy at the breakout, where do you buy at?
@garrettdg, We trade the breakout but at the close of the breakout candle.
garrettdg Tradingstrategyguides
@Tradingstrategyguides, Do you mostly use the hourly time frame for this meathod?
@garrettdg, Swing trading would be 1H, 4H and Day setups. Entries on 5m and 15m.
Oh so it actually counts on the bollinger band overall trend being swept upwards by big candle momentum ... and while most traders may hesitate afterwards when to leave this bullish type of run (the price above the upper-overbought part of the BB all the time, yet we all know, that in case of bull run it is foolish to see it as a sign to sell).
Just looking on the candle to cross the mid BB again to see the change..

I have learned something interesting.
@petrreo, I hope interesting will something useful in your future trading. :>)
is the stoch and macd used at all in the decision?
@e0615, It is not in this strategy rules but I use it to help confirm over sold/bought conditions for direction.
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