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In this video, I will explain about the two very simple trading strategies which are very easy to understand and highly effective while trading.
Bollinger band measures the volatility of the market. There are three lines in the Bollinger band, the middle band, the upper band, and the lower band. The middle band is simple moving average and the upper band and lower band are the standard deviations of the simple moving average. The default setting of the Bollinger band is 20 and 2.
when the price moves ahead along with the upper band then it is said that the stock is in the uptrend. similarly, when the price moves ahead along the lower band then it is said that the stock is in the downtrend. But when the price moves in a range bound area then it is said that the stock is in the sideways trend.
Our first strategy is the squeeze breakout trading strategy. in this strategy, when the price will be in the sideways trend, we will plot horizontal support and resistance line near the lower band and upper band and after that if some conditions will be satisfied then we will look for our trade.
In our second strategy, we will use double top and double bottom pattern of the price in the Bollinger band. when the price makes the double bottom pattern near the lower band then we can get the buying opportunities. similarly, when the price makes the double top pattern near the upper band then we can get the selling opportunities. Thus, in this strategy, we will make our buy set up during the double bottom pattern and we will make our sell setup during the double top pattern.
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How to Trade Bollinger Band Squeeze, Bollinger Band | Secret Bollinger Band Trading Strategies | How to use Bollinger Band.
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In combination with a moving average, you can use the bands to recognize assistance and resistance. Each time you trade, you need to trade with the day-to-day pattern. This strongly depends on how the market is responding at the time.
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You can think about trading within the range recognized by the Bollinger Bands. Bollinger Bands are used as an indication the lows, highs, and middle of the trading range gradually. That will more than likely be a high likelihood trade.
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Bollinger Bands are utilized to measure the volatility of the marketplace. In a lot of cases, they serve as support and resistance to show when the marketplace might reverse.
If you look at any chart you will see long term patterns lasting for weeks, months or years and smaller trends of a couple of days, to few weeks which represent minor reactions in the pattern that end up being overbought and oversold.
The third chart is a six-year day-to-day chart that shows the 10 and 200 day MAs ratios of SPX to CBOE Put/Call (or CPC). The SPX to CPC 10 and 200 day MAs have been increasing, because SPX has been increasing, while CPC has actually been falling. If the 10-day MA ratio imply goes back, then either SPX will fall, CPC will increase, or some combination therein will take location to where the 10-day MA falls towards the 200-day MA. The fourth chart is a two-year day-to-day SPX to VIX ratio chart with 50 and 200-day MAs. The ratio rose sharply from mid-Oct to early-Jan, when SPX rallied and VIX fell, and it’s currently near the top of the uptrend range once again above 116. The ratio tends to indicate go back. So, it Bollinger Bands Trader might fall well listed below 100 within a month.
The appeal of scalping is that, it permits traders to trade even when other techniques would make you sit with your PC for long without trading. Scalping is best used in combination Bollinger Bands with or as a supplement to other trading strategies – so keep trading your normal strategy that you are used to and include scalping to your trading toolbox.
You likewise require to time your trading signal – On both the above techniques you require to ensure you get the odds on your side, you need to check momentum before you get in the marketplace. You need to utilize some momentum oscillators to get make certain you have cost velocity on your side.
This forex trading strategy shows how concentrating on a bearish market can benefit a currency that is overbought. Whether this method is right or incorrect, it provides a good risk-reward trade off and is well established on its brief position in forex trading.
The marketplace trend has squeezed itself into this narrow range and is bound to break out. Bollinger bands are a remarkable tool for any kind of trader. I asked my pal what his expectations were.
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