Making Bollinger Band fading profitable

fading them isn't the answer, but learning how to read them, or any indicator is an accomplishment

I personally liked those Bollinger Bands

and in my last days of scalping ES that was all I had on my screen

just don't make any rules

learn how to read them

 

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Mr Bollingers book, booklets,, articles,,, are helpful; as his comment'' stocks are like sheep they run in herds''

Wisdom is profitable to direct

 

I thought I heard somewhere else that even Mr. Bollinger couldn't trade his bands successfully.

 

how many times do I have to tell you? You don't make rules,

you just observe

 

you can do the same thing with EMA

 

now me personally, I don't use any indicators, but that is because I used them for so many years I already know that they are going to look like

 

Agree 100%, I used to flail away with every indicator known to man. Then I realized to just use my eyes and see where "big" moves develop from. Since then, after backtesting, I have found couple of setups that offer 2:1 reward:risk and slightly over 50% win rate.

I now make money consistently and confidently.

 

How many people here trade like this?

 

I trade like this and am quite profitable with it. The way this site teaches and tells you how to do it though is wrong, and the settings are off which is why they claim the win rate is only 50/50. If done right and using the right settings, the average win rate should be closer to 80%, which is what I average.