Bollinger Bands

Originally posted by profitseer
Nihaba got me into these bands. There seems to be no end to the information they contain. What finally got my eyes opened was just watching the bands and disregarding all the price movement. You can watch what happens when the the EMA moves down through the old high on the lower band. Or what happens when the upper band drops down to the old high on the lower band. Just to name a few.
It is more like meditation than math. What intrigued me was the notion that sometimes a tag means one thing, and sometimes it means something else. I can't explain it because I don't understand it, but you'd have a heck of a time trying to program it into a computer.
(The other thing they have going for them is they don't take up any room. I have room for 2 studies under my charts, but with BB, you can just add them to your charts without giving up your other two favorite studies.)

profitseer,

Yep...the Bollinger Bands when used with other indicators are an excellent trading tool.

If you have any questions about particular trades you've done via BBands...

private message me with info on date and time, price entry/exit, chart interval and I'll take a look at it to let you know how you could have exploited the pattern for more profits are prevented a loss.

NihabaAshi
 
Back
Top