My Simple Yet Powerful Bollinger Band Strategy
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Tons of short term traders give back all the profits they worked so hard for. One of the reasons is that they are having too good of a time raking in profits getting drunk on their short lived success because they don't know when to leave the party.and end up giving back all their profits and more.
A simple way I know when it's time for me to leave my party is my simple yet powerful Bollinger Bands Reversal setup.
Chart 1This is the 5 min cash chart of DJIA: Reversal candle outside Bollinger after an Impulse Move that broke a major support and came right back above it.
Chart 2 is how it unfolded
Chart 3 confirmed the 5 min setup on the 15 min chart
In the video above I go into more detail about how to trade it. This is by the way the only way I use Bollinger Bands! I know there are many uses, but I found this is the one that works for me as a short term trader!
NOT FINANCIAL ADVISE!