macdulio3

Bicycle Face

Give blood on Christmas Day.

I want to ride my popsicle, I want to ride it where I like.

Holiday spirit, options expiration.

Freeport MacMoron has a max pain at 94 – 200 pips drop from here.

What’s the holdup? Who knows. Perhaps there is more money to be had with an indices peg. Let’s take some lessons!

A new light for looking at Bollinger Bands as current volatility trend check points.

For instance, if price goes briefly outside the BB on a hourly fractal / tags it / falls just shy that means continuing volatility contraction.

In fact, many of these brief encounters never actually happened, only the reversal candle closed back deep enough to pull the BB closer for the settle.

This is why I don’t always target the Bollinger Bands, but when I do, I target 5 pips closer.

/////Short Target - Code 630 1H BB +5

if( OrderType()==OP_SELL && OrderStopLoss()==6.3 && OrderTakeProfit()!=iBands(symbol,60,30,2,0,PRICE_MEDIAN,MODE_LOWER,0)+50*Point && OrderOpenPrice()>NormalizeDouble(iBands(symbol,60,30,2,0,PRICE_MEDIAN,MODE_LOWER,0),4)+50*Point
 ) 
     {  OrderModify(OrderTicket(), OrderOpenPrice(), OrderStopLoss(), iBands(symbol,60,30,2,0,PRICE_MEDIAN,MODE_LOWER,0)+50*Point , OrderExpiration());
           Print("SHORT Target Set to 1H BB @ "+DoubleToStr(iBands(symbol,60,30,2,0,PRICE_MEDIAN,MODE_LOWER,0)+50*Point,4));  }

Next up: candles. I don’t talk much of these.

Look at this sequence. Colors, bodies shape. Could you have guessed what would happen next?

Look how the bodies shrink (bullish MA config), black becomes white, higher lows start to print, bodies and length are on the rise…

The pullbacks were: one black closing back up 50%+ and two blacks with body shrinking and dowside progression per hour decreasing.

Now these candles in pairs: what do they represent?

Buying, yes – short covering at the very least.

A black candle followed up with a smaller range & body black is a sell wrapping up.

A white candle followed by a larger body & span white is increasing buying activity.

We are back with the volatility topic, aha.