Bollinger bands secrets

I wish to share this post with u guys here. Which use bollinger bands. I hv try it myself n it really helps alot. Hope can help u guys.



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very well explained in the free BP school
How to Use Bollinger Bands

Yep. But pls read my post carefully. It told u how the upper n lower band move in order to see the movement of the candle. Example when price touch the upper band. There will b 3 or 4 kind of the reaction of the band from there u can see how the power of the price. Is it strong or weak . will the price continue or it going for reverse

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So funny I found that same article online last week that you posted screenshots of here and shared it to a trading group I run. It is very valuable. In fact it’s why 90% of people lose at Bollinger Bands, it’s because they don’t even understand how the bands work. Babypips is okay explanation but they missed that golden cheat sheet at the bottom works very well I agree!

Bollinger bands are so unreliable that I dont use them. Nor do i advise people to waste time on them.

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Great, please don’t forget to quote the source from “eezybooks.com” By the way the author already deleted it and changed it to Bollinger Bands and RSI. Thanks.

It depends on how you look at it. The easiest way is to imagine that price behaves just like a pendulum that swings from lower band to upper band. The middle band is the equilibrium. When both upper band and lower band are flat, then price will make a zigzag pattern. It’s a kind of reversal back and forth.

Are you consistently profitable using bollinger bands?

Frankly speaking, I don’t use Bollinger Bands because it is based on the assumption of normal distribution. Market is irregular and non linear, and not necessarily has a normal distribution; therefore, you will lose if you use Bollinger Bands.