Sunday, March 8, 2009

Bolinger Bands...thanks!

I have been trying to be more patient. If you play things right...understanding the laws that rule the human psyche, you should be able to make the same trades a few times (sometimes only twice.) Trade triangles are great because they help me see the overall trend very well...

...Then you can buy and short accordingly. Bollinger Bands are great for this. I like to make the trade and cover or sell when the bottom or top band is hit. See my trades for today so far (based on the post from Saturday.)



AND



My US/CHF trade was exited at the bottom, and the EUR/US trade was exited at the top, thanks to Bollinger Bands. Now it must be decided where and when to get back in.

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