Seriously man whats up with your logic? Are you a Bollinger groupie? Most successful traders are loners, they don't give a shit who respects them. They raid markets for a living. If you want to be respected than find a psychologist and work of your issues.
%%(price will tell you
you)
Price will only tell you what the price is.
(you think you are the only smart guy around)
Actually I don't think that way, trading is personal, we all must find what works well for ourselves. Ether your a trend follower, bottom or top picker, it all good.







%%OK.What I'm saying is, lets say some guru gives his exact method away step by step for free to this forum. How many people would have to trade his set up for that very trade to fully arb itself out of the market?
I've always been fascinated with Bollinger bands, as well as ketler channels and other methods of plotting price volatility on charts.
Indicators like BBands are mostly interpreted wrongly by those who "use" them.
In my opinion, I actually use Bollinger-Band Width more so than the bands itself, the BBWidth shows me the current spread between actual-vol and this is good info to know.
For me, trading wise i don't use the bands. If you trade just a couple hours a day, you can easily use your eyes to determine if the channel is narrow, wide or expanding upward or downward. I don't need Bollinger to show me what my eyes are already seeing, But personally I find that the less squiggles i have on my screen the better off i am. I'll sometime throw up an Moving average to tell me where the momentum is and than I'll delete it during chop.