Dont really need all the BBs its kinda like the original Rainbow system you didnt need all those MAs. Change it to fit your style and the pair you trade.
It wont work during slow periods of consolidation thats when you just need to set a high/low trap and trade the break, and remember to watch out when price hits the BBs. It usually take some strong news to push past the BBs. so if its a light news or no news move get out at the BBs.
I use it on GBP/USD.
maybe drop down one timeframe for chf and try it on 30 min.
Last edited by droesparky; 12-03-2007 at 08:20 PM.
|