Welcome Guest ( Log In | Register )

> 

Please do NOT post any website or blog links in this section, all links belong in your signature.

If you want to discuss a specific software or signal service, please visit that specific topic in this section.

 
Reply to this topicStart new topic
Bollinger Bands - Does Anyone Here Use Them?
dannyson1
post Aug 9 2009, 07:08 AM
Post #1


Multiple Usernames
Group Icon

Group: Banned
Posts: 1,476
Joined: 9-January 08
From: Ohio, United States
Member No.: 130,606



Hey everyone,

Just a quick question, does anyone here use the bollinger bands as part of their analysis? If so, have they been of help?

Thanks in advance for the advice!


--------------------
Forex AutoMoney - Accurate, Professional Signals, Click Here!

100% Automatic Forex Trading Signals!

Start Making Money in 10min!
Go to the top of the page
 
+Quote Post
Paid Advertisement
 
Go to the top of the page
 
Sofiaforex
post Aug 14 2009, 03:52 AM
Post #2


New MoneyMaker
*

Group: Member
Posts: 24
Joined: 19-June 09
Member No.: 173,988



The basic interpretation of Bollinger Bands is that, the prices tend to stay within the upper and lower bands. The Bollinger Bands have unique characteristic that the spacing between the bands varies based on the volatility of the currency prices. During high volatility periods, the bands widen to become more forgiving. Similarly during periods of low volatility, the bands narrow to contain currency prices. The bands are draw with two standard deviations above and below a SMA. They indicate a "sell" when above the moving average (or close to the upper band) and a "buy" when below it (or close to the lower band). The bands are used by some forex traders in conjunction with other analyses, including RSI, MACD, CCI, and Rate of Change.


--------------------
Go to the top of the page
 
+Quote Post
spacechimp
post Aug 14 2009, 05:14 PM
Post #3


MMG Member
**********

Group: Member
Posts: 211
Joined: 15-January 06
Member No.: 20,004



QUOTE (dannyson1 @ Aug 9 2009, 08:08 AM) *
Hey everyone,

Just a quick question, does anyone here use the bollinger bands as part of their analysis? If so, have they been of help?

Thanks in advance for the advice!

To answer your question...
yes I've used them before...it's a decent indicator used by alot of people.
Try adding Keltner channels to the chart and watch when bollinger band gets inside keltner channels on various time frames..
sets up good breakouts


--------------------
Go to the top of the page
 
+Quote Post
Guest_mishael1977_*
post Aug 17 2009, 09:32 AM
Post #4





Guests






QUOTE (dannyson1 @ Aug 9 2009, 05:08 PM) *
Hey everyone,

Just a quick question, does anyone here use the bollinger bands as part of their analysis? If so, have they been of help?

Thanks in advance for the advice!

I use bollinger bands and it has been extremely useful to me. I have a near perfect understanding of trading using bollinger bands. The default setting of 20 periods and deviation 2 would work just fine on the daily and hourly chart though I strongly suggest using 24 and 22 periods on the hourly and daily chart respectively. You may also wish to add any oscillator of your choice to help you determine OB & OS levels. Google "John Bollinger" he is the 'inventor' of the bollinger band. He's got a book on it that sells for just a little over $50. I suggest that you purchase his book. Remember, if you don't learn, you wouldn't earn.
Go to the top of the page
 
+Quote Post
dannyson1
post Aug 25 2009, 01:10 PM
Post #5


Multiple Usernames
Group Icon

Group: Banned
Posts: 1,476
Joined: 9-January 08
From: Ohio, United States
Member No.: 130,606



QUOTE (mishael1977 @ Aug 17 2009, 10:32 AM) *
I use bollinger bands and it has been extremely useful to me. I have a near perfect understanding of trading using bollinger bands. The default setting of 20 periods and deviation 2 would work just fine on the daily and hourly chart though I strongly suggest using 24 and 22 periods on the hourly and daily chart respectively. You may also wish to add any oscillator of your choice to help you determine OB & OS levels. Google "John Bollinger" he is the 'inventor' of the bollinger band. He's got a book on it that sells for just a little over $50. I suggest that you purchase his book. Remember, if you don't learn, you wouldn't earn.


Thanks so much for the advice! I agree learning is the most important aspect of succeeding in Forex, along with gaining real time market experience. It seems to me like the bb bands are a great tool but best used with other analysis tools.


--------------------
Forex AutoMoney - Accurate, Professional Signals, Click Here!

100% Automatic Forex Trading Signals!

Start Making Money in 10min!
Go to the top of the page
 
+Quote Post
instaforextrader
post Aug 28 2009, 10:14 AM
Post #6


New MoneyMaker
*

Group: Member
Posts: 5
Joined: 28-August 09
Member No.: 180,133



QUOTE (dannyson1 @ Aug 25 2009, 02:10 PM) *
Thanks so much for the advice! I agree learning is the most important aspect of succeeding in Forex, along with gaining real time market experience. It seems to me like the bb bands are a great tool but best used with other analysis tools.



yes I've used them before...it's a decent indicator used by alot of people.
Try adding Keltner channels to the chart and watch when bollinger band gets inside keltner channels on various time frames..
sets up good breakouts
Go to the top of the page
 
+Quote Post
Sofiaforex
post Oct 9 2009, 02:30 AM
Post #7


New MoneyMaker
*

Group: Member
Posts: 24
Joined: 19-June 09
Member No.: 173,988



Interesting replies.....

I am quite impressed!!! yahoo.gif


--------------------
Go to the top of the page
 
+Quote Post
Caesar95
post Oct 22 2009, 02:51 AM
Post #8


MMG Member
**********

Group: Member
Posts: 106
Joined: 12-December 05
Member No.: 14,476



QUOTE (Sofiaforex @ Oct 9 2009, 03:30 AM) *
Interesting replies.....

I am quite impressed!!! yahoo.gif


I have read some of your replies and I think you sounds like a retard.

This post has been edited by Caesar95: Oct 22 2009, 02:52 AM
Go to the top of the page
 
+Quote Post
Second Life
post Dec 5 2009, 03:54 AM
Post #9


MMG Member
**********

Group: Member
Posts: 674
Joined: 26-October 06
Member No.: 77,673



Yes I also use them. They are very helpfull and sometimes I've even won trades based on them and stochs only.


--------------------
I'm the proud Administrator of Paramount Profits

We all search for wealth but we ignore the non-materialistic wealth that we have all around us
Go to the top of the page
 
+Quote Post
gddk
post Feb 20 2010, 07:23 AM
Post #10


New MoneyMaker
*

Group: Member
Posts: 6
Joined: 19-February 10
Member No.: 199,959



Bollinger band become one of my important tools to find entry spot. It's great tool.
actually BB is Moving average with standard deviation. Default standard deviation is 2 but I use standard deviation 1, 2 and 3


--------------------
Go to the top of the page
 
+Quote Post
Reviewteam
post Feb 22 2010, 12:24 AM
Post #11


New MoneyMaker
*

Group: Member
Posts: 4
Joined: 21-February 10
Member No.: 200,194



You may find the Dean Saunders Forex Powerband Dominator systems of interest - there is a full review on our website.

Hope it helps.


--------------------
Go to the top of the page
 
+Quote Post
Paid Advertisement
 
Go to the top of the page
 

Reply to this topicStart new topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 

Skin designed by IPB Forum Skins

FEATURED AD - NEW STATIC AD



Advertise on MMG Today!


Advertisement