Bollinger Bands are used on trader’s graphs as indicators to demonstrate market volatility. The bands incorporate a moving average line and two standard deviation lines. To analyse the trade movements using the Bollinger Bands, you have to see whether they are converging or diverging. A convergence suggests a reduction in volatility and a divergence suggests that an asset has become volatile, and is therefore likely to move price. They are important factors to assess in gaining an entry. You should include them on your trading graphs to check to see if the time is right for your trade. Useful website: http://bollingerbandgenius.com/
When I first started trading, I was looking at graphs and sort of just guessing trends – are they bullish or bearish, or flat? Guesswork is no good. You have to learn when to enter a market, when to get out and learn what the candlestick graphs are actually showing. In my research today, I found out about Fibonacci and Moving Averages. Both are useful tools to implement on your trading graphs as by understanding how to use them properly you will know when to enter the market. They explain almost perfectly the underlying trends on the graphs. Below are three good vides that are well worth watching. There are more good videos in the Video section of this site which you can access using the above menu.
I had been trading blind, really. I’d been following the trends on the brokers’ websites. These graphs aren’t detailed enough to analyse properly. After scouting around a bit I found the IBFX MT4 platform which was free to install. You get much more detailed graphs of the stock, which you can extend back in time and scale to whatever time frame you like. The graphs which are most useful for traders are Japanese Candlestick charts. As illustrated above, these charts comprise of little bars, either green or red, showing up or down and according to scale they show the stocks highs and lows for each scale unit. Whatever platform you use for your charts, make sure you can draw lines etc on it, so that you can visualise the actual trends. As for analysing the graphs, perhaps the experts know far more than a mere novice such as myself. I needed to research what patterns to look for and I found this excellent Visual Training Guide from Fennelly And Co Ltd. It’s in pdf format and can be seen here http://media.wix.com/ugd/56d156_d58ad5d3f2bd4d4e84cbf60acbbd4a22.pdf As you can see, it gets quite complicated. But now I guess, by putting these techniques into practice I can be on the way to generating my own signals. I’ll be on the lookout for flag and pennant formations. And be in the money, for sure!
Yesterday we tweeted about wanting some input from people with appropriate track for the #EoTVibe offshoot to End Of Terror. #EoTVibe aims to empower our movement with positivity. Using something creative and expressive that shows our freedom as people, fighting such evil and tyranny. Joe Nebula, a long-established producer and DJ from Nottingham, well-known for his drum & bass and breaks, sent us in this track which he hopes will be appreciated by the End Of Terror audience. Take Some More – Joe Nebula by Joe Nebula The chillout track is very calm and perfect to relax the mind. The song title ‘Take Some More’ could very well be just what the nurse says when the med trolley is wheeled out last thing at night or the order from the psychiatrist at the care meeting. They do like to push the boundaries on medication – just see how much people can actually take as I’m sure many patients will testify. But that’s all by the by and speculation on my part. The track itself, which you’ll discover when you listen, is about love, and if we cannot share love in this world, between fellow human beings, what can we do? Have a listen and special thanks to Joe for being the first person to input some music to #EoTVibe. His Back2You remix projects are well worth a mention and we hope to see them return at some stage in the future. There is more info on Joe and Nebula2 at the official website http://www.nebula2.com/ RESPECT! What we’ve decided to do for #EoTVibe, is ask around guest musicians and DJs, to get them to supply us with a top10 chart of their favourite End Of Terror Mental Health tunes. All varieties of music accepted. I know there’s a bit of a lean so far in the #EoTVibe posts towards dance music but that is my own personal preference. Music embodies all cultures and transcends all boundaries. The tapestry is rich and we welcome the widest variety of music ideas to help the #EoTVibe expand. Any Top 10 submissions for the #EoTVibe chart please E-Mail us at EoTVibe@endofterror.org Hopefully include a short paragraph about the chart if you can – why it might be relevant to the End OF Terror. Every little helps.