Enter Long Position on New Monthly "Trade Triangle" for the DOW and NASDAQ today @ 10,719.94 and 2,341.11 respectively
Category: General
S&P 500 Alert!
Enter Long position on a New Monthly Trade Triangle for the CME_INX @ 1,131.23
Short Term Trading With Bollinger Bands
Today's guest is Markus Heitkoetter, CEO of Rockwell Trading and author of “The Complete Guide to Day Trading.” Today Markus is going to show you how to use one of our favorite indicators, Bollinger Bands, in short term trading. Be sure to comment with your thoughts on Bollinger bands and some techniques that you use in short term trading.
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Bollinger Bands are a great indicator with many advantages, but unfortunately many traders don't know how to use this amazing indicator. Before I show you how I use it, let's quickly review what exactly Bollinger Bands are.
Bollinger Bands consist of three components:
- A simple moving average
- TWO standard deviations of this moving average (known as the Upper and Lower Bollinger Band).
If you look at the following images you see the Moving Average displayed as a solid blue line and the Upper and Lower Bollinger Bands as dotted blue lines. (In MarketClub the lines are red.)
So what are the characteristics of Bollinger Bands?
Perfect Portfolio Alert!
Enter long position on a New Monthly Green Trade Triangle for PACF_SPY @ 113.20
Gold Alert!
GOLD ALERT: Daily “Trade Triangle” signaled an enter long gold position today for short-term traders at $1,250.35. Spot gold is currently trading at $1,265.28. Intermediate and long-term traders remain long gold.
