Strategy Help (with chart for analysis!)

I use no indicators myself ... I do "tape-reading", price-action monitoring and use fundamental news. That goes for scalping and longer term. I look at chart history just a little to get some idea of support and resistance levels.
 
There's nothing wrong with indicators, technical traders just trade what they see not what they think.

Whether you trade using indicators or not is immaterial, no-one has the monopoly on profitable trading styles, in fact I know one extremely successful trader who only uses moon cycles to trade!

What's important is how you manage a trade once you're in it, and how you manage your money.

Anyway, for all you indicator-free fundamental traders.....:)

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Quote from lindec:

I think you can use the bollinger bands either way, depending on your trading style. From wikipedia:
More...

With all due respest to Wikipedia, I think, in this instance, they’ve got it wrong. If you understand the underlying theory and math behind Bollinger Bands, you’ll come to the same conclusion Mike007 stated. I’ve never heard or seen anyone trade them the way you are. I agree with Mike that you are going about this backwards…
 
Lots of videos about BB's on YouTube....

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