How To Use Bollinger Bands, 1st Part TA Challenge?🤨
Firstly, u may wanna read out @Meta Moo guide ![]()
Meta Moo :What are Bollinger Bands and how do you read them?
on Bollinger Bands indicator, in short BB.
Hey 👋, this is not the BB (Big Boy or $BlackBerry Ltd(BB.CA$) we are talking about here![]()
+![]()
.
@Meta Moo explanation is so good![]()
that I've nothing much more to add on... Yar, u are thinking I would say that?![]()
Still got some to add on = the definition ![]()
?
Meta Moo :What are Bollinger Bands and how do you read them?
on Bollinger Bands indicator, in short BB.
Hey 👋, this is not the BB (Big Boy or $BlackBerry Ltd(BB.CA$) we are talking about here
@Meta Moo explanation is so good
What is Bollinger Bands?
"It's a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences."
"It's a technical analysis tool defined by a set of trendlines plotted two standard deviations (positively and negatively) away from a simple moving average (SMA) of a security's price, but which can be adjusted to user preferences."
"Bollinger Bands were developed and copyrighted® by famous technical trader John Bollinger, designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold or overbought."
Source: Investopedia - Bollinger Bands
Source: Investopedia - Bollinger Bands
So? Have u finally understand why it's call Bollinger Band?
Because it's named after the creator's name.
This is so that u cannot copy it & claimed that it is ur idea![]()
.
Because it's named after the creator's name.
This is so that u cannot copy it & claimed that it is ur idea
If u have read 📚 on @Meta Moo explanation on BB, u can now work out the practical with me ![]()
(Using BB on stock).
Hmm... let's see... Guess I'll choose $Tesla(TSLA.US$ although it's quite a heated topic ![]()
(usually one will avoid Tesla... but I'm kinda an oddball ![]()
).
Let's look at the chart:
Very impressive right![]()
? (Select "BOLL")
Very volatile stock![]()
.
Very impressive right
Very volatile stock
Do u see the volatility?
Circled yellow in the below picture.
BB expands = High Volatility
Circled yellow in the below picture.
BB expands = High Volatility
Circled green in the below picture.
BB contracts = Low Volatility
BB contracts = Low Volatility
Usually, one won't dare to enter in the volatility stage. But for me, I'm a bit different 😤 ![]()
.
& where do precaution ppls / investors enter?
I guess is some where near the mean, circled in blue / the pink line.
I guess is some where near the mean, circled in blue / the pink line.
So, where do we enter? ![]()
I'll say is up to u![]()
.
We investors all have different trading styles. There're the aggressive, the timid & the precaution investors.
DYODD & decide for urself. Hey 👋, it's something like a personal thing... don't ask someone decide it for u & then later blame them if something went south![]()
+![]()
.
I'll say is up to u
We investors all have different trading styles. There're the aggressive, the timid & the precaution investors.
DYODD & decide for urself. Hey 👋, it's something like a personal thing... don't ask someone decide it for u & then later blame them if something went south
Next, we should not be over reliance on a single indicator. It's NOT 100% accurate.
P1:
P1:
As u see in P1, the candle bars moved out of the upper & lower BB.
That's the phase where it's very volatile.
However as u can see, the price still continue to increase at the upper band.
Sometime, the volatility is due to other factors & not solely the trend = eg. Stock Split
= re-adjusted valuation by some 'professional' analysts.
This is why BB may not be 100% accurate![]()
.
That's the phase where it's very volatile.
However as u can see, the price still continue to increase at the upper band.
Sometime, the volatility is due to other factors & not solely the trend = eg. Stock Split
= re-adjusted valuation by some 'professional' analysts.
This is why BB may not be 100% accurate
Not related:
$Tesla(TSLA.US$ is a good stock to me. But ppls just can't stand the volatility & keeps making noise here & there![]()
.
If u can't stomach a volatile stock, I suggests u move to others before u have a mental break down.
I've nothing against any stocks. I'm just stating the facts & the fact does bring in harsh words for some small minded people...![]()
$Tesla(TSLA.US$ is a good stock to me. But ppls just can't stand the volatility & keeps making noise here & there
If u can't stomach a volatile stock, I suggests u move to others before u have a mental break down.
I've nothing against any stocks. I'm just stating the facts & the fact does bring in harsh words for some small minded people...
Well, now using the BB indicator, do u have a clearer picture 📸 ![]()
+![]()
.
(One of my favourites indicator![]()
)
(One of my favourites indicator
Related Topic:
Milk The Cow :Tech Analysis To Identify Trend Using Moving Average - MA 📈 Day 1 (AMC As Example)
Milk The Cow :Tech Analysis To Identify Trend Using Moving Average - MA 📈 Day 1 (AMC As Example)
As always, DYODD before investing![]()
Stay safe & mentally healthy![]()
Peace![]()
Stay safe & mentally healthy
Peace
Edited:
Hey 👋, I just realised that @Meta Moo may has also provided the definition of BB... in picture/image 📸 but not in words typed![]()
.
This![]()
:
Hey 👋, I just realised that @Meta Moo may has also provided the definition of BB... in picture/image 📸 but not in words typed
This
Next update of posts sequence (event):
Milk The Cow :Recognize patterns with Bollinger Bands like a pro, 2nd Part TA Challenge?🤨
Milk The Cow :Recognize patterns with Bollinger Bands like a pro, 2nd Part TA Challenge?🤨
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Milk The CowOP : Oh sh*t... this is bad liao...
.
Ppls are flaming on Elon?
Twitter may has indirectly affected $Tesla (TSLA.US)$ too, in the negative way...
Not to mentioned the recession which is likely to happen soon
Milk The CowOP Milk The CowOP: Milk The Cow :What is Elon true intentions about twitter?
https://www.moomoo.com/community/feed/108077608468486?data_ticket=e577728400cbeaa02d8a4acaaf3a354d&futusource=nnq_personal_host
Milk The CowOP Milk The CowOP: Spi11 The Tea :Elon Musk decides not to join Twitter board
https://www.moomoo.com/community/feed/108111330410501?data_ticket=e577728400cbeaa02d8a4acaaf3a354d&futusource=news_push_page
JM investor : thank for the sharing!
I seldom use Bollinger band but I shall try this homework too
Milk The CowOP JM investor: np
.
Milk The CowOP JM investor: I thought u going to write
an essay on this 
.
Milk The CowOP Milk The CowOP: Hmm, Elon suddenly changed to a better stand?
.
Nice trolling
Milk The CowOP Milk The CowOP: So, I guess today $Tesla (TSLA.US)$ price movement is not related to the indirect impact of Elon at $Twitter (Delisted) (TWTR.US)$
.
CraCra665 : I like this. I can't wait to see the rest of it.
Milk The CowOP CraCra665: Yar, maybe @Meta Moo got a part 2 & part 3 event too
.