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That’s How I Boll - Using Bollinger Bands

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Hello fellow traders. I find Bollinger bands to be one of the most useful technical tools. Just wanted to find out how other people use them to maximum effect. I tend to set alerts within Commodities, Indices & Forex (shares haven’t worked so well) when price trades below the Bollinger and then place an order for when it ticks up again. I keep an eye on MACD & volume, but sometimes ignore these. I set limits at just below the middle line, depending on historic bounce backs and stops at support. Simplistic yes! But so far so good.

 

Does anyone have any other techniques or great markets to trade upon?

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Hi ,  interesting use of BB and easy to see how that entry system would work (considering about 95% of price action is captured within the B bands when set at 2 standard deviations) and getting out at the central sma. Have you ever experimented using it the other way round? As in getting in on a bounce off the 20 sma. I admit I don't routinely use BB but have always found it an interesting indicator.

 

 http://www.newtraderu.com/2017/04/06/bollinger-bands-popular/     is an interesting write up. As is,

 

http://www.tradeciety.com/bollinger-bands-explained-step-by-step/

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Thanks for this :) I haven't tried it that way, but I will test that next, cheers

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