Hi, guys! We have new Strategy Article, prepared by Bogdan on the Picking Tops and Bottoms on Bollinger Bands Strategy! Check it out and find how to implement it in your daily trading plan!
Originaly posted by Bogdan G.
We are constantly looking for the best trading strategy, the best way of getting a sense of direction and the best entry point. When a trader finally settles on a trading system and is happy with the results, the trading journey is almost over and everything becomes routine: wait for a good setup – trade according to it and according to the money management rules – make money – repeat – buy Malibu house, cars, a boat, another car and last but not least, donate to charity. Cool, but most of us are not there yet and we are still looking for a way to improve so today I’m going to explain another strategy, originally found here: http://forex-strategies-revealed.com...ollinger-bands.
Multiple time frame analysis has always been one of my favorite ways of trading and I’m sticking to it, so my personal opinion is that you can pick tops and bottoms with this strategy, but it needs testing and definitely adapting to each trader’s personality and style. Extra filters could be a great addition, but be careful not to overcomplicate things.