Topic: trading with 1 simple but very accurate trading tool, bollinger bands!!! (Read 205 times)

my screenshots show all entry and exit points in one screenshot. Do not see any point of needing to post them separately. I do not have the time to continuously update my post so thats why I post entry and exit in 1 screenshot. So I do not see your point. Wether I post the entry first and after that I post the exit or posting them together. I am not a signal channel. I just post my trades I have done.
But no problem thats your opinion. I know my trades are real and all those that follow me know that as well.

there is nothing in it for me to cheat. So I advice you if you do not like what I am doing than leave it. Don't need people like you

I hate to spoil your parade, but it is very easy to declare some trade was "profitable" if you choose to post everything after the fact.

A better way might be to post the trade at the time you opened it, and another post at the close of the trade.

That still actually would not be "cheat-proof".

Bollinger band and RSI are the indicators used by most of the day traders and time frame used is also more important but still there is nothing accurate even we follow the band and making profits in a day the next day might change upside down so which is not perfect but helping the people to make more profits by doing more trades.

This is well explained and I really appreciate that! The Bollinger band indicator is one of the leading indicators that show us the trend, the force and stop loss and takes profits. I learned how to used this powerful trading tools in 2011 and it was helpful in stocks markets and forex trading. If you know how to interpret Bollinger band very well you might not need other technical indicators as it comprise all other indicators in interpretation of the market. Many traders used it as a support and resistance level and some used it to kown breakout or fake out.

Bollinger bands are good if you trade the 3m, 5m, or 15m time frames. Not so good if you go to the higher time frames. The only thing you should be careful about is the sudden pumps and dumps. If a pump or dump catches you off guard, you will be in a lot of trouble. It may ruin your entire profit from the previous trades. I speak this from personal experience. Be very careful and I think you must use stop losses. A pump and dump can be so big that the price can go really deep and never return. There is no recovery from huge pumps.  I agree with the others that you can not be profitable all the time. There must be some loses. If you have more wins than loses, you will be fine.

Finally, I have found a guide that could teach me how to make a profit everyday without trying so hard on all of my trades. Hope that this works and would make me a lot of profits in the future.

If you scroll trough the forum you will find my challenge thread. But here is the link if you do not find the thread. At this moment I made almost 90% profits in less than a month by using this strategy.
https://bitcointalksearch.org/topic/365-day-100-trading-challenge-135-profits-in-only-35-days-5088423 All or at least most of the trades are posted there as well as a screenshot of my balance at the end of every day.

I do not share the opinion you have that 1% daily is impossible. If you use common sense and don't rush into a trade then 1% daily is easily to achieve. Of course there will be days that 1% isn't reached but if you scroll through the challenge I also had days of 2-3-4 and even 5 or 6% profits made some days.

OP, please share detailed records of all your trades including what altcoins traded, dates, entry price, exit price, and records of profits and losses of each trade.

Making 1% profit consistently is impossible. There will always be losing phases because markets will behave differently at different times.

As you get experience and get used to trading you'll develop strategies and techniques to trade i myself personally dont use bollinger bands my tools for indicators are MA, RSI and stochastic rsi and reading the volume also i do support and resistance technique to be as a signal when there's going to be a bull run or a huge dump.

this's actually a very good guide. But sometimes you may get hurt from a sudden attack of the exchange.

Trading tool that i really can understand it's system is bollinger bands, or maybe that is something that my friend teach me for first time. Until now, sometime i pick in where i want to buy  a coin in market with it. But sometime i ask my friends in a group which coin good to buy and what rate. 

S-rsi with Bollinger bands is indeed a good tandem and i already test out these technical tools together or putting up some MACD.

These only good for short with high volatility plus huge volumes these are also applicable on swing trades.

 educative piece of tutorial. Haven't been a fan of Bollinger bands or any other trading tool. I only check coin movement by merely changing time frames and watching patterns before making a buy or sell. I will work on this easy method to improve my trading skills. Thanks for the heads up

I also use it when trading but I also combine it with S-Rsi,
with S-Rsi will make it easier to determine when to buy and sell (IMO)

But need to be remembered tools will not have much effect on small exchangers or low volume (i.e Yobit, cryptopia, livecoin)
Nice tutorial btw

As most people know, I am currently doing trading challenge on this forum. I want to grow 100 $ to 3778 $ by making 1% profit every day and letting people balance for a whole year. At the moment everything is going well and I am even 37 days ahead of schedule. Since my balance should normally be $ 125 on day 23, balance has already grown to $ 182.

During this challenge I only use 1 simple tool / indicator the bollinger band to place my trades. Many people ask me how to use those bollinger bands. That's why I'm going to do a little explanation here.

Many recreational and professional traders use the bollinger belt as an indicator. I myself love this indicator because it is pretty accurate. 80-85% of the time the markets do not really have a trend and the candles between the lower and upper bollinger band are waving. So in 80-85% of the cases the price will bounce back when the candle touches or breaks the bottom band. Conversely, the candles will go back down when the candles touch the upper belt or just break. So for 80-85% of the time you can take countless trades with a 'microprofit'.

So this is what I do. I usually place a position manually when the candle touches the bottom bollinger or just breaks and then I put different sells up to the top bollinger. With these sells you can usually take 0.5 to 2% profits per position. If you do this several times a day, you can make a nice profit every day.

Example of a wavy market between the bollingers. tip: View the market on 5-minute timeframe. As you can see on the chart below, this market has been waving between the Bollingers since 6:40 this morning. During this period there have already been several opportunities to take a profit a few times even though there is not much movement in the market.




So this is the first way to take multiple profits per day through the bollinger bands.


In addition, the bollinger can also be used in a different way, but then the movement must be accompanied by a squeeze. A squeeze is described in different ways, but I personally speak of a squeeze that the top and bottom bollinger come together to the point that the difference between the 2 lines is 1.5% or less. So at BTC / USDT set the top is 3535 $ and the bottom at 3500. This is a difference of 35 $ (1%) and then I speak of a squeeze.

When a squeeze occurs you have to be careful and take a few other factors into account. Because a squeeze can be accompanied by a sudden pump, but can also be the introduction of a sudden dip of several percent.
So how do you analyze when you notice that the bollingers are starting to squeeze?

If you notice that the bollingers are starting to squeeze, you should look at the following factors before placing a trade.

- The bulbs squeeze but at the same time they make a slight upward or downward movement
- Check whether the candles make a slight upward or downward movement.
- And finally keep an eye on the volume that flows in or out of the coin.


You can expect a pump (in most cases) as

1. The bollinger squeezes up to 1.5% or less
2. Make the bollinger a slight upward movement during squeezing
3. The candles at the same time are also on the rise overall
4. Volume in the coin starts to flow.


next screenshot shows this situation. You see the bolling squeezes while they are in a very slight upward trend. The candles also move slightly upwards. Suddenly he goes through the bollinger and the volume increases considerably, leading to a pump of several percent.



A dump can be expected (in most cases) as

1. bollingers squeezed up to 1.5% or less
2. Make the bulbs a slight downward movement during squeezing
3. Candles have a slight downtrend
4. Plot volume that goes out of the coin.

Next screenshot shows a dump that already had the indications to lead to a dump.




So the squeeze is another way to take profits on your trades with the help of the bollinger only you have to approach the time of a position differently.

During a squeeze that indicates a possible dump you buy yourself when the candles begin to push against the upper belt.
When all signals indicate a dump you can best place purchase orders of 5 to 15% lower than the current value. My tip place multiple orders and spread your balance. If I receive a signal that initiates a possible dump, I usually place 4 orders. 20% balance at -5%, 20% at -7.5%, 30% at -10% and 30% at -12.5 to 15%.



Hopefully this will clarify the way I work. Just keep in mind. 80% of the time there is no real trend in the market. So it does not matter if you are in a bear or bull market. 80% of the time the prices hover between the bollingers. So 80% of the time profits can be made by using only one simple tool. And another extra advantage. No further technical knowledge or analysis is required to apply this strategy. So as I have said several times, this strategy can even be learned and applied by a child of 6-7 years.

This shows that by using your common sense and by using a simple but accurate indicator you can make nice profits with trading in every type of market