Forex Traders_THIS Is How You TradeBollinger Bands

Bollinger Bands are a popular indicator used by Forex traders.  They are great at showing volatility in the market (when there is low volatility the bands contract and when there is high volatility the bands expand).  And a lot of the time price bounces from upper band to lower band and vice versa.

So, when price reaches one of the bands, this is a potential time to look for a price reversal.

Bollinger Band Bounce

And if that was all there was to it, we would all be rich just trading the bounces from one Bollinger Band to the other.

But trading is not that simple.

Sometimes, price hits the upper or lower Bollinger Band and just keeps going.

Bolinger Band Runner

So, yes, Bollinger Bands can help you find areas where you might want to think about entering a bounce trade.  But you should not use that criteria alone as a reason to enter a trade.  You need more information and a way to FILTER your trades to only take the best ones.

Filtering Bollinger Bands Trades

This is a very important point about trading in general.

The trick to profitable, and sustainable long term trading is to understand it is not about how many trades you take. Novice traders often think the more trades they place the better.  But that is not necessarily so.

Professional traders look for the BEST trade setups with the highest probability of success and the highest potential risk to reward ratio.  Their success is due more to their ability to find the best trade setups than the quantity of trades they place.  This means they use various methods to QUALIFY the trade before it is placed.

Most of the time they are FILTERING out bad trades.

So, what does all this have to do with Bollinger Bands?

Well, as I stated before, when price hits a Bollinger Band it may mean there is a good possibility of a price bounce. But since price can also hit the band and run… it is the ability of the trader to be able to FILTER the trade that will determine if they are successful or not.

So, when trading the Bollinger Bands, you need to have filtering mechanisms in place to help you avoid the bad trades, and identify the trades with the highest probability of success and increased profits.  (Just imagine what winning more of your trades and having those winners be BIG winners do for your trading account balance).

Here are some Filters you use when trading the Bollinger Bands:

  • Only place trades in the direction of the Daily time frame trend
  • Don’t trade if Divergence on the higher time frame is working against you
  • Do trade if Divergence on the higher time frame is working with you
  • Don’t trade if Divergence on the Trigger time frame is working against you
  • Only take trades with an excellent risk to reward potential

OK, now all this might seem very complex.  But, if you are looking to enter and Bollinger Band trade and have all this information presented to you AT A GLANCE… do you think you would be able to identify the BEST trades with the highest possibility of success AND the highest profit potential?

You bet you would.

That is exactly what Vladimir Ribakov has produced with his Forex Triple B trading strategy.

Not only does it identify the best trading zones using the Bollinger Bands, but provides a way to easily identify the best trades using all the filters mentioned above.  This means even a novice trader can start trading like a true professional and start taking only the best trades.  And when you trade like a pro trader… you start to see pro trading profits in your account!

Does this sound like something you would be interested in?

Forex Triple B

Read My FULL Review Of Forex Triple B

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Bollinger Bands are a popular indicator used by Forex traders.  They are great at showing volatility in the market (when there is low volatility the bands contract and when there is high volatility the bands expand).  And a lot of the time price bounces from upper band to lower...