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🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance Find Stocks Now
Master Bollinger Bands in Just One Class
Monday, October 22, 2018
Expert: Alan Greenwald Hosted by: TradeTime- Forex
- Cryptocurrency
- Commodities
- Technical Analysis
- Intermediate
Bollinger bands are used to measure a market’s volatility. Basically, this easy to learn indicator tells us whether the market is quiet or whether the market is volatile. When the market is quiet, the bands contract; and when the market is crazy, the bands expand. One thing you should know about Bollinger Bands is that price tends to return to the middle of the bands.
That is the whole idea behind the Bollinger bounce. The reason these bounces occur is because Bollinger Bands act like mini support and resistance levels. The longer the time frame you are in, the stronger these bands are. Many traders have developed systems that thrive on these bounces, and this strategy is best used when the market is ranging and there is no clear trend.
Riding the Bands Strategy is another great interpretation of Bollinger Bands which will keep you in the market to maximize profits. The single biggest mistake that many Bollinger band novices make is that they sell when the price touches the upper band or buy when it reaches the lower band. Bollinger himself stated that a touch of the upper band or lower band does not constitute a Bollinger band signals of buy or sell.
Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.
That is the whole idea behind the Bollinger bounce. The reason these bounces occur is because Bollinger Bands act like mini support and resistance levels. The longer the time frame you are in, the stronger these bands are. Many traders have developed systems that thrive on these bounces, and this strategy is best used when the market is ranging and there is no clear trend.
Riding the Bands Strategy is another great interpretation of Bollinger Bands which will keep you in the market to maximize profits. The single biggest mistake that many Bollinger band novices make is that they sell when the price touches the upper band or buy when it reaches the lower band. Bollinger himself stated that a touch of the upper band or lower band does not constitute a Bollinger band signals of buy or sell.
Alan Greenwald
Alan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking to for an expert’s input in their trading strategy.