You must honestly ask yourself will you have the discipline to make split second decisions to time this trade, just right?
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It is the same as when we have a downtrend.
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This dynamic nature of Bollinger Bands also means they can be used on different securities with the standard settings. For signals, Bollinger Bands can be used to identify M-Tops and W-Bottoms or to determine the strength of the trend.
Pairing the Bollinger Band width indicator with Bollinger Bands is like combining the perfect red wine and meat combo you can find. In the previous section, we talked about staying away from changing the settings. The center of the Bollinger Bands ® is the period moving average and the perfect addition to the volatility based outer bands. Trend-trading with the Bollinger Bands ® Bollinger Bands ® do not lag (as much) because they always change automatically with the .
Bollinger Bands aren't a perfect indicator; they are a tool. They don't produce reliable information all the time, and it's up to the trader to apply band settings that work most of the time for the asset being traded. Everything you need to know about Bollinger Bands, including how they can make you a better trader.
In all the below examples, the Bollinger Bands settings is the default settings which is 20 period and 2 deviations. The sift is set to zero. So, this is the Bollinger Bands default settings: 20, 2, 0. With these settings you will find that in an uptrend, the Upper Bollinger Band points nicely up and prices are constantly touching the Upper Bollinger Band. The same is true for a downtrend: If a market is in a downtrend, you will see that the LOWER Bollinger Band is nicely pointing down and prices are touching the lower Bollinger Band.