Trading Like a Trader - Ask Robson Hayashida About Bollinger Bands - Secrets Finally Revealed | Forex
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This is the first lesson about Bollinger Bands. Robson Hayashida explains to Adam Tsui all the secrets about Bollinger Bands and how they affect your daily trades. Techniques for mastering Bollinger bands for maximum profit. 5 Bollinger bands set-ups and their variations that you must know if you want to use Bollinger bands effectively. Bollinger bands are about one of the best indicators you will ever use to help identify high probability trades. Bollinger bands measure a standard deviation from the mean or middle. Usually the "mean" or middle is a 21 day moving average of closing price. So you would lay down a 21 day moving average and then a 2.0 standard deviation set of Bollinger bands and when price closed outside of either band it is said to have closed outside a 2 standard deviation band. 2 standard deviations from the mean.
Comments
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what frame are you using
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Hi. Robson, I hope all is well with you. I am in Japan and thank you for sharing a simple method but effective. If you know any other methods which could help my trading, please let me know. Here is my email address, ezekiel2011@gmail.com Thank you
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If you think that what you are saying there is enough reason to put an order then you don't know anything about trading.
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Simple but Efficient ! Thanks
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thanks for information
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Hi Robson! i m not getting this trading thing. how can u help me double my tiny investment?
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thanks buddy. Gr8.... very helpful.
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BB is really good strategy, and its not a secret at all. Ive made 90% win rate and 30% win rate. All about BB is how u use it in real situation. Combine with RSI at 4. and it will get better.
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uuuuuuuh...
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BB is giving me an idea on new perspective on knowing Resistance & Support. with additional MA , it gives better understanding on market. Also able give me reliable entry & exit. Thanks again..
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Hello Robson. Dinjin's Predictive Indicator is ALWAYS ACCURATE within ONE tic.
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so you failed at trading because the Bollinger bands didnt work like they are suppose to??? lolol
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Thank you for being clear and easy to understand this concept !
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THANK YOU Robson! This really helps beginners like me! Greetings and gratitude from Singapore!
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All you sad idiots trading the BB, ive tried it, i lost money over time on the demo account. Go back and have a look at the history on any pair with the BB, there is no clear pattern. My advice to you is DO NOT TRADE USING THE BB. YOU WILL LOSE YOUR MONEY OVER TIME. I repeat DO NOT USE THE BB. You are crazy if you do. The BB indicated volume but it does not indicate price direction. Basically this kind of trading is russian roulette. All it takes is a few bad trades at 500:1 and yr account is wiped. Ive done it, the BB is a big waste of time. I spent almost 6 months of trading most days, dont do it.
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I call out-lair, 8 years of live trading and I've never seen anyone succeed with B-bands.
I even emailed Bill Bollinger the creature of the B-bands, he's statement and I quote"
I made the Bollinger Bands as an "Measurement" on the volatility of the price and should not be use for taking a position on a trade. The market in productive hours of trading should be enough if you did your home work.
In other word if your a newbie trader DON'T WASTE YOUR TIME, YOU'LL BLOW THE ACCOUNT 6 TIMES OVER!!!!!!!!! -
nice little video…thank you :]
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Question- On the second example why would you place a buy position if the stock price is already high wouldn't you want to place a buy on the third example because the price is low and the trend will get higher?
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Very simple but right to the point explanation. Thanks!