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the interpretation and application of price action concepts

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Band Cycle Setups  

thanks to Jerry Wawrezeniak original post on dacharts. I enlarged and cleaned it up a bit.


[ back to setups ]   [ a extensive study of Keltner Band Cycles by Jerry Wawrezeniak ]


Jerry Wawrezeniak posted this on dacharts. Source unknown from 15 years ago. Looks similar to Hurst Channels.

Basic concepts;  Sell resistance/ Buy support. Bands determine support/resistance. Confluence of multiple bands are where setups occur. 

Useful with Jimmer methods and Ingos methods with addition of stochastic to time (anticipate) entries at the bands

 

This is from Jimmer on band entries.

1. If price touches a rising lower bb (long) or a falling upper bb (short) in the traded time frame, that is a safe entry point.

2. If price touches a lateral (flat) bb and is also touching (or nearly touching) a lateral bb in a higher time frame, that is safe entry for trade in opposite direction.

3. If price touches lateral lower bb (for long) and lower bb on higher time frame is distinctly rising, that is a safe long entry (reverse for short).

4. If price touches lower bb and MACD and/or stochastic on higher time frame is showing long, that is safe long entry.

 

more here

click chart to enlarge

 

 
   
Band Cycle Setups
Buy 1 triple mid-band signal area
Buy 2 mid-edge (bottom) band buy area
Sell 3 triple edge (upper) band sell area with long term edge band (upper) failure
Buy 4 double mid-band buy area
Sell 5 triple mid-band sell area
Sell 6 double mid-band sell area
Sell 7 mid-edge (lower) band sell area
Buy 8 double-edge (lower) band with major edge band (low) mid-band intermediate buy area
Buy 9 triple edge (lower) band buy
Buy 10 triple mid-band buy signal area
Buy 11 is shaping up for a edge band (upper) double mid-band sell area
Buy 12 could be any combination with major mid-band support area for a buy signal

 


 
 

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