About Bollinger Bands

Apr 6, 2016

I would like to show you the perfect signal from a such indicator like Bollinger Band. This indicator is very interesting by contractions and expansions which follow each other. After contraction there will be expansion and good trade opportunity with good movement. This daily chart Nikkei 225 shows the same. Price closed out of Bollinger Bands, MACD and DMI confirmed the breakout. It was good signal for opening short trades in the direction of the main trend. Weekly chart also confirms that it's better to open short trades with targets about 15200-15000.

Apr 14, 2016

Trade closed manually

This trade could be closed with profit, when price was near the 1st support line. Also, after such movements it's better to follow the price and place stop order a little bit higher then Day High.