| Spot ideal entries and exits with this easy to read indicator͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ |
Happy Financial Freedom Friday!
Happy Financial Freedom Friday!
My goal is to strive to be and remain in the present moment. Sure, I am looking at charts and thinking about what is likely to happen next, but I am still consciously aware that chart reading is what I choose to do in this moment. I am not lost in the past or treading water in the future.
What's most important, is that I am here right now, doing what I chose to do. Much less important is what I am expected to do, when, where and with whom, unless it is exactly what I choose to do now.
Remember, be in the moment! Figuring out why you here is not nearly as important as just honoring that it was a phenomenally good idea.
Here's What Is Covered Below:
- What are Bollinger Bands
- What information are they sharing
- How do you apply that information
- Using to trade
Today, we are going to discuss Bollinger Bands and apply them to a chart. This indicator is available on Stockcharts.com, which is a service we discussed last week. It is a service I have used for years for charting. Bollinger Bands will also likely we available on other chart services or on the charts your broker provides.
Stockcharts.com offers an amazing amount of free educational services. I will post a link below.
https://stockcharts.com/search/?q=bollinger++bands§ion=cs
The first listed heading provides information about Bollinger Bands and how that information is used when applied to a chart.
I will post an image of a chart and in general terms explain what the indicator is telling us.
It is important to realize you don't need to absorb and understand all of this information at once, but it gives you the opportunity to zero in on the areas that you are interested in and would like to understand better.
So, let's look closer at Bollinger Bands. The lines share information about volatility, which is often caused by news, earnings, price changes, etc. Bollinger Bands have three lines: the upper, dotted middle line and lower line.
When the lines rise and price moves upward into the top portion of the Bands (above the dotted line), there is buying. Look at March, June through August, and October into November. This would be a time to buy call options. Also, notice the times that the Bands drop, and price moves into the lower portion on the Bands. This would be a time to buy Put options.
Often traders will use a cross above or below the dotted line as a signal for a possible trade entry. Of course, they are likely to use additional indicators as well, and the Bollinger Bands are a confirmation.
Bollinger Bands can be applied to different time frame charts. I will post a 30-minute chart below. I am aware of traders using the Bands on their day-trade charts of even shorter time frames.
You can apply Bollinger Bands to your chart set up and then study price movement on how the line squeeze together or widen and see if they confirm and support other indicators that you are currently using.
Friday is education day. My goal is to teach everyday people (like me) to successfully trade options. I do my best to write in an understandable way as if we are talking while sitting on the deck of my house in a relaxed atmosphere.
The trading tools you select, and use are important, and can make your trading easier and more effective.
Everyday think of small things that make you happy and that bring you joy, and then, consciously treat yourself to those things. Take a break midday, fix a cup of tea, and go for a short walk while you sip and savor the tea. Or go play with your dog and enjoy nature. You can do art or take time for a hobby. Call a friend.
Intentionally treat yourself to happiness and smile often!
Have a great weekend.
And I wish you the very best,
Wendy
See Related Articles on TradewinsDaily.com
Using Bollinger Bands For Better Trading
Unlock Huge Potential With Value ETF?
Mastering Average Directional Index (ADX): Gain an Edge with Trend Strength Analysis
Chewy, Inc. (CHWY), Trending Stock Report
This Filter Helps Boost Wins And Trim Losses
© 2024 Tradewins Publishing. All rights reserved. | Privacy Policy | Terms and Conditions | Contact Us
The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the "Services") is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Wendy Kirkland a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk and is not appropriate for everyone. The actual profit results presented here may vary with the actual profit results presented in other Wendy Kirkland publications due to the different strategies and time frames presented in other publications. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, Wendy Kirkland does not make any guarantee or other promise as to any results that may be obtained from using the Services. Wendy Kirkland disclaims any and all liability for any investment or trading loss sustained by a subscriber. You should trade or invest only "risk capital" - money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses.
Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Wendy Kirkland makes no representations or warranties that any account will or is likely to achieve profits similar to those shown. No representation is being made that you will achieve profits or the same results as any person providing a testimonial. Testimonials relate to various other products offered by Wendy Kirkland and not the product offered here, but all of these products are based on Wendy Kirkland's system. Performance results of other products described in such testimonials may be materially different from results for the product being offered and may have been achieved before the product being offered was developed.
Results described in testimonials from other products or the product being offered may not be typical or representative of results achieved by other users of such products. No representation is being made that any of the persons who provide testimonials have continued to experience the same level of profitable trading after the date on which the testimonial was provided. In fact, such persons may have experienced losses immediately thereafter or may have experienced losses preceding the period of time referenced in the testimonial. No representation is being made that you will achieve profits or the same results as any person providing a testimonial. Wendy Kirkland's experiences are not typical. Wendy Kirkland is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position, willingness to follow the rules and other factors.
No comments:
Post a Comment