Those who are familiar with the indicators know the use of the Bollinger band indicator. Many traders in Singapore are using the Bollinger band trading strategy to secure quality trades. Things might sound simple at the starting but once you start to lose money, you will say, the Bollinger band tool doesn’t work. Some of you might blame this market is manipulated by the big players. But this article is going to change your life. With some minor tweaks, you can make a huge leap of progress while using the Bollinger band indicator.
Use it in the daily time frame only
Every indicator is designed with a specific purpose. For instance, fractals tend to give accurate signals in the minute 1 and minute 5-time frame. If you use them in the daily time frame, you will have to adjust the readings by using other variables. Just like this, the Bollinger band indicator tends to generate perfect setups in the daily time frame. If you start using it in the lower time frame, you will notice the price is penetrating the dynamic support and the band is expanding more. You will never know the downfall will stop.
To understand the Bollinger …