Hello, this morning I saw this video about bolinger bands and trading method with them- Trading FOREX Using Bollinger Bands - YouTube
Everything is clear, but when I saw my chart for example to see the signals… something is wrong I will show you with pics:
There where I fenced the signals by the video is to sell, but the price is going up??? What is wrong with the system?
And can you explain me please if I wrong?
A new trend has formed, start buying that is what it means. Once price crosses from one end to the other it means the trend has changed.
Remember! price is always right, you and your indicators are the ones that are always wrong
Im not sure that I got the answer of my question… Why the video tutorial don`t justified the case on the chart, down where I fenced the logical and by the video rules is to sell, not to buy? The signal of the chart is one, in other moment the price is going up…? Why? Is it that the video is incorect with their signals? Or what?
There is absolutely nothing wrong with the system. You just haven’t applied Primo’s method at all, in any way, shape or form from what I can tell.
When I first started trading forex I cut my teeth using some of Primo’s stuff. This strategy is probably his weakest but you can edge out a small profit using it. In this case, I think you will probably find the system actually gave you two winning trades (though I can’t really tell without the proper indicators/settings applied to the chart and I am too lazy to do so this morning).
Watch the video again and try again, follow along with your chart, do everything he does as he does it. Again, this isn’t the strongest of strategies – none of his methods have a high win% – but just looking at your chart I think it either picked two winners or kept you out of the trades altogether (probably the former).
[B]EDIT:[/B] I just took a look at my chart and applied the strategy. There are NO valid entries anywhere on the chart you posted that I could find. This system generates very few trades to begin with so that is not too surprising.
OH, sorry I wrong the video , this is the correct video that I looked before- Bollinger Band Tutorial - YouTube
I just watched the 2nd (correct) video. Again, no entry signals were generated. According to this video, once price closes outside of the upper/lower band you are looking for a retrace to the previous swing high/low and enter at that level. Though not explicity stated in the video, I imagine that when price retraces it must not go beyond the center line. Your previous swing levels are a million miles away from your set-up candles. Neither box came close to generating an entry signal.
I have no idea if this system has any merit or not but based on the rules of the system, no trades can be taken where you drew your boxes.
[B]EDIT[/B]: The second box actually generated a signal (hard to see the candles in the snapshot). It was a losing trade.
Gangman style,
I just took a quick look at both the vids. Based on my experience using the bol bands, the vids might not be presenting a useful trading method. :56:
It’s easy in hindsight to show folks entries / exits with the bols bands on the left & middle of the chart. The hard part is successfully calling the entries / exits as the market is moving in real-time on the extreme right end.
IMO the best source of information on the proper use and handling of the bols bands is the book “Bollinger on Bollinger Bands”. In his book Bollinger explains in detail how important it is to use bar/candle reversal patterns and /or the confirming indicators of choice to successfully use the bols bands.
If you’re interested in using bols bands I suggest you scrape off a few bucks and get Bollinger’s book and learn how to properly use the bands
PS: if you google around a bit you might run into some good free vids with John Bollinger presenting some pretty valuable info. He is a smart guy and IMO worth paying attention to.
Thanks 
I’m at odds with bar and candle patterns but I will try to get the book.
