Trading With Bollinger Bands; SchoolOfTrade.com

In today's video we are going to take a look at Bollinger Bands. They are a VERY popular indicator that several traders use to get in and out of positions all day and can give you some very solid patterns to trade off of!

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Economic News:
Please remember that economic news, both scheduled and un-scheduled will increase volatility and decrease liquidity in the market in the short-term, which causes price-action to react inconsistently with the levels of support and resistance mentioned in this video. Trading during economic news reports is dangerous and highly discouraged, no matter what your level of experience.
PLEASE DO NOT TRADE DURING TIMES OF MAJOR ECONOMIC NEWS
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U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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*CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or-over-compensated for the impact, if any, of certain market factors, such as liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

[marcusaurelius]

I was always told that when price close above the upper band, that means it's overbought and that's a signal to start looking to go short. But looking at this chart that's clearly not the case.

[batscientist]

Short and quick and to the point. Nice!

[khalidhakimi]

For exiting the breakout trade i would suggest you use candlesticks as it is telling you what the traders are doing at the exact time...

[pbsct]

Trading around Bollinger bands makes sense when the price does go up and down through the upper and lower bands, but the real issue is when the price keeps going up or down when buying at lower band or selling at upper band becomes all counter-trend. So the key to avoid big loss is to use stop loss, and find alternative exit strategy (as both targets could not be reached either at middle or at the opposite band). What are the strategies to deal with those issues? Thanks

[Bellucciello]

Hi!could you tell me exactly how to fix the stop loss? thank you

[JA-equm]

its when the candles fall out the bottom is where you want to buy

[aceboogie]

Nice video but nobody really don't know how to use Bollinger bands. My setup with the Bollinger band is a 90% of winning .

[yugen]

Open your mic EQ and turn down the highs pls

[Shivsharma]

plz speeak slow..being indian ascent its difficult to understand properly