Bollinger Band Trader. My name is Mark Deaton, I’ve been using Bollinger Bands for 13 years and in that time I’ve discovered some amazing things! Your about to see first hand how to slash risk and compound profits with a very powerful Bollinger Band system. Sep 14, · Bollinger Bands were developed in the early s and have become an effective way to help you assess expected price action. Bollinger Band Jackpot is a way to use Bollinger Bands with the system that Mark Deaton developed for some seriously awesome odds in your favor/5.
Rather than using percentages, the bands are calculated using a standard deviation. With this tool traders can see the development of patterns and act accordingly.
Different investors have their own interpretation of the Bollinger Bands and how to use the data. There are traders who will only buy a stock when the price is near the bottom of the lower band and subsequently sell when the price is near the very top of the higher band.
Other investors choose to buy at any price in the lower band and sell when the price reaches the moving average or slightly above it. When the gap between the two bands is small, traders consider this stock to have very little change, or volatility.
Conversely, when the two bands have a large area between them the stock shows a lot of volatility. Because standard deviation is a measure of volatility, when the markets become more volatile, the bands widen; during less volatile periods, the bands contract. Many traders believe the closer the prices move to the upper band, the more overbought the market, and the closer the prices move to the lower band, the more oversold the market.
John Bollinger has a set of 22 rules to follow when using the bands as a trading system. Want to know more? Read The Basics of Bollinger Bands. When the bands come close together, constricting the moving average, it is called a squeeze. A squeeze signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility and possible trading opportunities.
Conversely, the wider apart the bands move, the more likely the chance of a decrease in volatility and the greater the possibility of exiting a trade. However, these conditions are not trading signals. The bands give no indication when the change may take place or which direction price could move. Technical analysis incorporates this technical indicator and many others to create actionable trading plans and strategies. We have to be more accurate. We have to be better than the institutions at spotting the tricks and the traps.
You have to understand WHY bad trades happen in the first place. And to do that, you need to visit the one place every trader hates to look — your losing trade log. No — I wanted to know what was causing me to stumble into losers. What I discovered was pretty astounding, and flies in the face of everything you think you know about trading.
Yes — they could spot the occasional winner. Because when you trade with them — you open yourself up to punishing draw downs. But when you use them with the new Market X-Ray technique I will reveal in a moment and careful attention to Bollinger Band pressure points….
Keep in mind what I just said. Entries where you can quickly get in and out for a profitable round trip, often within a few days or even a few hours. Without being sidetracked with painful losses.
This trade popped up on the radar because price was above the upper Bollinger Band, and greater than our moving averages. The system allows you to spot low risk trades from a long way off, so that you can get into these positions before everyone else, and let the late comers allow you all the volume you need for a highly profitable clean exit.
Instead of just blindly following what your indicators, you need to confirm that the trade is real. Its past and its present as a single algorithm, plus my exclusive pressure points and swing structure…. This will tell you EXACTLY what kind of trade your dealing with, what type of entry you need to plan, and what kind of risk is at play — so you can quickly plan your entry. I spent weeks trying out different combinations of indicators and strategies.
I tried all kinds of complicated custom algorithms put together by brilliant programmers. Then I ran thousands of hours of historical data — until I had it…. A simple set of confirmation steps on your chart, using price and three other indicators to make sure all of your trade signals are real. But when we I do get confirmation…. Not only because of how simple it is for even the greenest newbie to use, but because of its astounding performance. The results have been just as profitable in them all.
Finding trades like this is easy with Bollinger Band Jackpot. Its just a matter of a few simple scans and then a few very specific setups. Your trades come to you, they are clear and precise and extremely accurate. The relentless reliability of our Bollinger Band approach was proven over dozens of trades within just the first few weeks of trading. It was so powerful that….
Growing my tradable capital at a breakneck pace unlike anything in my career! So I introduced my new strategy to a few of my top level trading students.
I also use it occasionally to trade intraday by applying it to a five minute chart. Thank You Mark for a very powerful set of tools! I love the way you can visually look at a chart and know almost immediately if this is a stock, Forex pair, index etc. I have looked at many issues and your teaching as proven to be correct and invaluable.
Also,I especially like your teaching on how to set up a scanner and the type of wording to use for the BBJP. Looking forward to future communications with you. Almost Doubled My Nadex Account! I love trading currencies and Bollinger Band Jack pot gives me everything I need to enter a position or buy a contract.
When the rules are followed Bollinger Band Jack pot does not go wrong!! This was the best investment I ever made when it comes to my trading! The system is very easy to understand and very straight forward. This recent market is very unpredictable but with Bollinger Band Jackpot I can still get the pips I need! I strongly recommended this method to any trader! A recent car accident caused mild brain damage and I get short term memory loss.
Concentration and focus are sometimes a challenge.
But because that devastating draw down opened my eyes to the hidden truth that….
If you were bullish, you had a natural tendency to draw the bands so they presented a bullish picture, if you were bearish the natural result was a picture with a bearish bias. Some others paid far more.