Just have a look with your common sense you can tell Gail is high beta and hence we can not find any much trading opportunity amidst the noise of lower timeframes
In case you are confused with the sell signal part –
To spot downtrend and trading opportunity for a sell signal,
Here is another tricky condition to minimize loss (and well maximize profit):
This tricky condition to minimize loss and maximize profit is itself another strategy and I call it 3BB strategy because of the “green-green-red” or “red-red-green” formation.
Hence it followed normal trade setup of Bollinger Band Ride. The sell order is still on with an unrealized profit as of now.
I have already used Sun TV May Future once but it was on the 1H timeframe. But the last chart consists of 15M time frame.
To clean the confusion in case you have missed the Titan May Futures example –
If you enter with normal BBR setup your exit is at median Bollinger crossover. This can not lead to a huge loss anyway because in BBR if median Bollinger crossover never came, it means you’re heading towards huge profit.
If you enter with 3BB setup your first stop loss is at 3rd candle’s high (in the case of buy scenario) or low (in the case of sell scenario). Now, as 3BB setups have a high probability of crossing the median Bollinger with full confidence we don’t modify the stop loss till it crosses the median Bollinger.
Then we put trailing stop loss based on price action i.e. previous candle’s high (in the case of buy scenario) or low (in the case of sell scenario).