Gimmee bar setup - Joe Ross
indicator: Bollinger Band 20 per .2 std dev
Concept is to apply this trade when in a range. Determine range by slope of Bollinger bands = when they are relatively flat you are range bound. Eventually price will break out so as time increases use more caution.
sell break of Gimmee bar when at resistance = top Bollinger band or
buy break of Gimmee bar when at support = bottom Bollinger band
Either the Gimmee bar or bar preceding the Gimmee bar must touch the Bollinger band.
The Gimmee bar must be in the direction away from the Bollinger band = a reversal and opposite from the preceding bar. This idea is basic price action reversal bar pattern. Sometimes in addition it will be a inside bar which in itself is a trade many times.
You can also dial down to a lower time frame to find the entry or most aggressive Buy/sell the poke above/below the band.
click chart to enlarge