H friends
here you can see bollinger bands in a new angle of thinking.
But why do you need it?
To beat 90 percent loosers and take their money in options or stocks trading.
Michael Thomsett uses it this way.THANKS to him for this knowledge for practical use.
Bollinger bands and double bottom -double top patterns with volume supporting
How can you tell if a M Top or W Bottom is genuine?
See chart attached. often it looks as though both double top and double bottom come one after another very close.but only one pattern survives.use it n make money.use the false signal and you loose money
M Top pattern is staying inside range of bollinger bands. No breakout. False signal.
Look at W Bottom signal, price breaks out above range of bands and overshoots upper band. This is genuine signal.
of course you can use volume as helping hand.
I never liked bollinger bands- but after i read Michael Thomsetts articles, I understood bollinger bands better and my disliking is gone-confusion vanished.
A KEY TECHNICAL EDGE has come into light.
Bollinger top band tracks resistance closely.but you need to see upper band and price together and feel upper band as a dynamic resistance.it takes time.
Bollinger lower band tracks support and you can see dynamic support.
price breakout above upper band-the resistance is a buy signal.
price breaking down below lower band-the support is a short sell signal.
see the pics please.
Can you think unconventionally?
Well-not readily. you need to begin it. sooner or later you will catch it.
Happy trading
here you can see bollinger bands in a new angle of thinking.
But why do you need it?
To beat 90 percent loosers and take their money in options or stocks trading.
Michael Thomsett uses it this way.THANKS to him for this knowledge for practical use.
Bollinger bands and double bottom -double top patterns with volume supporting
How can you tell if a M Top or W Bottom is genuine?
See chart attached. often it looks as though both double top and double bottom come one after another very close.but only one pattern survives.use it n make money.use the false signal and you loose money
M Top pattern is staying inside range of bollinger bands. No breakout. False signal.
Look at W Bottom signal, price breaks out above range of bands and overshoots upper band. This is genuine signal.
of course you can use volume as helping hand.
I never liked bollinger bands- but after i read Michael Thomsetts articles, I understood bollinger bands better and my disliking is gone-confusion vanished.
A KEY TECHNICAL EDGE has come into light.
Bollinger top band tracks resistance closely.but you need to see upper band and price together and feel upper band as a dynamic resistance.it takes time.
Bollinger lower band tracks support and you can see dynamic support.
price breakout above upper band-the resistance is a buy signal.
price breaking down below lower band-the support is a short sell signal.
see the pics please.
Can you think unconventionally?
Well-not readily. you need to begin it. sooner or later you will catch it.
Happy trading
(Share) you can use Bollinger bands with new perspective.try thinking differently.
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