Hey guiiiise,
So I have been reading about bollinger bands from the pipschool and it has proven itself.
However, when you use the concepts off of bollinger what is the next safe assumption to say about the market? What if i see the trend going up? What does that mean?
I think Bollinger bands aren’t useful in my strategy. Don’t they just mark how the standard deviations away from the current price. I guess if you are trading extremes then you can use them, if you think the market prices are based in a Gaussian distribution.
Hello and welcome
That’s good that you are specializing in a strategy so kudos.
Keep in mind that no strategy is good just by itself. You will have to mix it up with some good price action and learn about swing points maybe. I’m not too familiar with bollinger bands but i know for sure that no strategy is good just by itself.
Blank charts and PA is the best! I mean indicators just drive me nuts! S/R is the most important parts of TA. Bollinger bands, I am not a fan of that. However, You can give it a shot by google “Bolling bands for trading FX”!
Good luck!
NVGU