Bollinger Bands
By: Chris Verhaegh
In this video clip from Chris Verhaegh's PULSE System DVD, Chris addresses how technical analysis deals with price action. He specifically outlines how he uses Bollinger Bands with only one setting using 2 standard deviations. Chris explains how the Bollinger Bands do not predict the direction of the stock's movement, but will show the outlier of a dataset; thus, allowing us to be ready for the possibility of large price moves outside of the bands.
Futures, stocks, bonds, currency and options trading involves high risks with the potential for substantial losses.
PLEASE READ. Past results are not necessarily indicative to future results. There is a substantial risk of loss trading stocks and options with or without this or any other advertised product, service or system. Also, hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. simulated 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 those shown.