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Intraday trading strategy of Bollinger Bands

The problem with this approach is after you change the length to When you combine these with the RSI indicator, it should give you great entry points. Instead of taking the time to practice, I was determined to turn a profit immediately and was testing out different ideas. The middle band basically serves as a base for both the upper and lower. Stocks snapped a three-day winning streak and volume fell to the lowest of the year. And because the bands utilize standard deviations, they adjust automatically for rapid changes in volatility.

Jul 03,  · Get profit from bollinger bands every day If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.


Keep in mind that what goes up must come down and the bands getting wider indicates the potential for the first thing we need to happen for our Bollinger Breakout system. Once we see the squeeze happen with the Bollinger Bands, we know that a breakout to the upside or downside will eventually occur.

You can monitor price action in order to trade any directional move from the Bollinger Band squeeze or you can choose to simply trade in the direction of the predominant trend.

From those events, we can find an opportunity. Using basic technical analysis and price action, we can improve our odds trading the breakout but as always, in trading, nothing is ever perfect.

We are using standard technical analysis tools — horizontal support and resistance and trend lines. These setups will look different each time but if you understand support and resistance and how to draw a trend line, you should be able to trade them. You should never trade without a stop loss. On that note, trading with a tight stop loss is almost just as bad as you will get flushed out of your trade on a false breakout in the opposing direction of your trade and then watch price sail in your direction.

Virtually any trading system or trading strategy can be used for any type of trading. In Forex, I prefer swing trading due to the many news releases that happen every day. I like my trades to be larger in scope with the chance of great returns. Mail will not be published required. Bollinger Band Squeeze Breakout Strategy The Bollinger band indicator is a great way to measure the volatility of any trading instrument. The Bollinger Bands have begun their squeeze as price starts to range after a move down in price.

Price action begins to hug the middle moving average which further indicates ranging price action. After several bounces up and down, we are able to draw our support and resistance lines Price puts in a lower high so we are able to draw a down trend line. Remember, we are looking to trade short as indicated by the previous trend in price. The forex market is a market of making profits and losing into the market sometimes and I am very sure this is what every trader is encountering everyday , so how can you say that it is posible to get profits everyday with the use of the Bollinger band?

I do not think that the Bollinger band is a magic indicator that can do that. Bollinger band is a most popular to the new and old trader. Both new and old trader use this indicator to tune the market. Bollinger band indicator gives us information when marketing more volatile and when little bit steady and calm. I see while a pair consolidating in an area this indicator wisely show price breakpoint that by we can set stop loss and take profit order.

So to be a good trader we need to understand the trading environment and select trading tools to make our trade hassle free. The bollinger band indicators is a good way to trade the market but getting profit every day in the market is not possible to happen. It is a profitable indicator to make use but there is no way traders can be making profit in the market every day in their trade. Forex field doesn't works that way, so traders should not expect that they will be making profit every day by working with this strategy.

Originally Posted by newera. Originally Posted by mao. If you are use small time frame on your trading its best for you to use small pips target and if you are use longer time frame then you are make your target big.

There is no doubt that the use of the bollinger band is not good, it is profitable, but the most important thing in the market is that the trader needs to ensure that they have gotten the knowledge and then the realistic plans, because I know that using any of these indicator with the intention of making money everyday is a wrong idea.

Originally Posted by sniper Forex high-quality services RoboForex: The last 3 months of trading Archive.

Get profit from bollinger bands every day

Sep 18,  · you will get profit, if use my strategy pair eurjpy TF 1 hour indicator bollinger bands PO sell limit at line top bolinger bands with TP 15 PO buy limit at line bottom bolinger bands with . Bollinger Bands are a powerful technical indicator created by John Bollinger. Some traders will swear trading a Bollinger Bands strategy is key to their success (if you meet people like this be wary). There are no holy grails or free lunches in the business of trading). The bands encapsulate the price movement of a stock. Dec 29,  · You can get a great bollinger band formula with a simple trading strategy. They were created by John Bollinger in the early s. The purpose of these bands is to give you a relative definition of high and low/5(6).