Conflicting Signals - How does this work?

This is a discussion on Conflicting Signals - How does this work? within the General Trading Chat forums, part of the T2W Archive category; Ok so i'm currently in a trade on the Eur/Usd, i trade of 5 minute charts, i trade by eye ...

 Apr 19, 2012, 3:26pm #1 Joined Mar 2011 Conflicting Signals - How does this work? Ok so i'm currently in a trade on the Eur/Usd, i trade of 5 minute charts, i trade by eye and S&R rather than specific signals but i always keep my eye out for entries or reasons why it may struggle to continue to go my way when in a trade. On the 5 minute chart the price had clearly broken the Bollinger band, which in a lot of cases means the price may reverse, at least for the short term. So that's a signal i always take in to account as well as others, but what if they conflict on different time frames? 15m is also very important to me and the Bollinger was a million miles away from the price. I wasn't sure which one i should be listening to, if they both mean something then how can they be the total opposite? Can someone please shed some light on this please? Hope you're all well, you swines Attached Thumbnails
Apr 19, 2012, 3:33pm   #2
Joined Feb 2012
Re: Conflicting Signals - How does this work?

Quote:
 Originally Posted by Doomberg Ok so i'm currently in a trade on the Eur/Usd, i trade of 5 minute charts, i trade by eye and S&R rather than specific signals but i always keep my eye out for entries or reasons why it may struggle to continue to go my way when in a trade. On the 5 minute chart the price had clearly broken the Bollinger band, which in a lot of cases means the price may reverse, at least for the short term. So that's a signal i always take in to account as well as others, but what if they conflict on different time frames? 15m is also very important to me and the Bollinger was a million miles away from the price. I wasn't sure which one i should be listening to, if they both mean something then how can they be the total opposite? Can someone please shed some light on this please? Hope you're all well, you swines
Oh Doomberg!

Bollinger bands! On top of that you're worried because they don't match up on different time frames!

1. The only Bollinger you have should be in your cellar.

2. One chart is all you need. Look at one, trade from one.

Apr 19, 2012, 3:39pm   #3
Joined Feb 2012
Re: Conflicting Signals - How does this work?

Quote:
 Originally Posted by Doomberg ...if they both mean something then how can they be the total opposite? Can someone please shed some light on this please? Hope you're all well, you swines
I can indeed shed some light.

Automatically drawn squiggly lines on your chart are a heap of utter ballocks.

It makes as much sense to use them for trading as it does to eat a phaal to alleviate a bad case of ring-sting.

 The following members like this post: ChocolateDigestive
 Apr 19, 2012, 3:45pm #4 Joined Mar 2011 Re: Conflicting Signals - How does this work? But i can't see how they are that bad? A very high % of the time when it passes through the bollinger, the price will pass back through as it doesn't really like to stay past them for long. I know that this is not the do all and end all, but to me i've noticed this a lot, and it's something a lot of people have mentioned to me as well
 Apr 19, 2012, 3:49pm #5 Joined Sep 2010 Re: Conflicting Signals - How does this work? Does the price move through the Bollinger or does the Bollinger move through the price?
Apr 19, 2012, 3:51pm   #6
Joined Feb 2012
Re: Conflicting Signals - How does this work?

Quote:
 Originally Posted by Doomberg But i can't see how they are that bad? A very high % of the time when it passes through the bollinger, the price will pass back through as it doesn't really like to stay past them for long. I know that this is not the do all and end all, but to me i've noticed this a lot, and it's something a lot of people have mentioned to me as well
Then just trade them on the time frame you happen to be watching.

Apr 19, 2012, 3:59pm   #7

Joined Mar 2011
Re: Conflicting Signals - How does this work?

Quote:
 Originally Posted by brewski1984 Does the price move through the Bollinger or does the Bollinger move through the price?
I have no idea, that's why i asked you guys, i'm looking for a Bollinger Mogul