Why Mastering Bollinger Bands Is A Must | Forex Factory

  • Why Mastering Bollinger Bands Is A Must

    From chartlearning.com

    Traders and investors all over the world use Bollinger bands to assess the expected price action in the financial markets. Bollinger Bands are a highly popular technical trading tool plotted at a standard deviation above and below a simple moving average of the price. It is considered the most reliable and useful trading tool since it has the best predictability in determining if the stock is oversold or overbought. I don't say this lightly, mastering Bollinger Band is a must in order to be a profitable trader. Famous financial analyst John Bollinger developed Bollinger Bands in the early 1980s and trademarked this ... (full story)

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traderathome
Mar 2, 2023 8:50pm
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"Mastering Bollinger Bands Is A Must...." This is pure bullshit!

Bollinger Bands are just another price manipulating derivative. No volume is involved.

What's the difference?

No matter how you manipulate past prices......IT HAS NO RELATIONSHIP TO THE FUTURE.....except "UNKNOWN!"

On the other hand, volume distribution can be predictive of future PA, and that is because it is the only indicator not derived by simply manipulating past prices!

I have a good number of years of good experience at this, and I can assure you the only 100% truthful "saying" to ever come out of the market is "Buy low, sell high." And past prices do not in any way, shape or form tell us if the current price is a reliable high or low to place your money on. Neither do past prices tell you where the future reliable highs and lows will be, to take your profits.

In my opinion, to promote ANY price derivative indicator (they all are except volume), including Bolinger Bands, is akin to deception and fraud. The best we can do is to emulate where SM places their bets, and ride their coattails.

For that, we need volume......the single indicator that no one of these experts and analysts talk about! Ponder on that. It is..........HTMRW!
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traderathome
Mar 3, 2023 3:20pm
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Quoting zanhuynh
@traderathome: could you share how to use Volume distribution (volume distribution can be predictive of future PA) in your trading ?? i care this? thank you in advance
Certainly! It is all in the PVSRA thread here on FF:https://www.forexfactory.com/thread/...me-sr-analysis
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zanhuynh
Mar 4, 2023 3:45am
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Quoting traderathome
{quote} Certainly! It is all in the PVSRA thread here on FF:https://www.forexfactory.com/thread/...me-sr-analysis
Thank traderathome a lot.. Have good weekend
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zanhuynh
Mar 3, 2023 12:52am
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@traderathome: could you share how to use Volume distribution (volume distribution can be predictive of future PA) in your trading ?? i care this? thank you in advance
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Sahir12
Mar 3, 2023 1:35pm
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First of all traders ok investors also using bands joke in the trading history...
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IceFusion
Mar 9, 2023 3:23am
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Bollinger bands strategies have proven worthy of attention in backrests however they need to prove the same reliability on forward tests. Overall i think its worth trying them out. And to add more to this thread no indicator is there to make trades for you, they are to aid decision making and help in giving you an edge. Also avoid using so many unrelated indicators together.
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