CryptoVN - Double Bollinger Bands

The "Double-Bollinger" trading strategy can help the trader find out and validate trend-based opportunities in especially volatile market conditions, explains Kathy Lien.

More information, please get more explained by Kathy Lien in her Youtube.

1st Bollinger Band (BB) default deviation (dev.) 2
2nd BB dev. 1

We've 04 ranges:
- Upper Range (UR) is space between the Upper1 (BB1) and Upper2 (BB2)
- Upper Mid Range (UMR) is space between Basis and Upper2 (BB2)
- Lower Mid Range (LMR) is space between Basic and Lower2 (BB2)
- Lower Range (LR) is space between the Lower2 (BB2) and Lower1 (BB1)

Here is some tips:

• Trade 1 - Green candle opens in UMR and closes in UR ==> Long
  Trade 2 - Red candle opens in UR and closes in UMR ==> Short
  Trade 3 - Candles staying between UMR and LMR create range trading strategy
  Trade 4 - Candles staying in UR or LR band create trend trading strategy
  Trade 5 - Green candle opens in LR and closes in LMR ==> Long
  Trade 6 - Red candle opens in LMR and closes in LR ==> Short
  
  

Good luck. Happy Trading Life ^^!

(*) My Advice to You: The Trend Is Your Friend. TRADE WHAT YOU SEE, NOT WHAT YOU THINK.