The Bollinger Band

Discussion in 'Technical Analysis' started by padutrader, May 9, 2018.

  1. I realized that if I had stretched the trade to one more position in that previous chart, instead of having 8 wins and 9 losers, you would have had 14 winners and 3 losers.
     
    #71     Jul 11, 2018
  2. Lukas V

    Lukas V

    Win/loss percentages would apply to complete trading systems (i.e. not to individual indicators which can be used in loads of different ways).

    Not that win/loss percentages alone tell the whole story anyway.

    They're used with hugely varies settings. Depending on how you're using them.

    Most people I know who use them aren't doing so in ways at all similar to those originally described by John Bollinger.
     
    #72     Jul 11, 2018
  3. padutrader

    padutrader

    read the book Bollinger on Bollinger only market structure can be perfect ..no indicator can ever be perfect because all indicators have only one look back period while you and your eyes have variable look back periods.
    you can read momentum by comparing various swings visually....Toni Hansen gives an idea of how to do this just search google
     
    #73     Jul 16, 2018
  4. There is wisdom in those words.
     
    #74     Jul 16, 2018
  5. i like the visual, but that's about it .
     
    #75     Jul 16, 2018