Bollinger Bands and RSI Trading Strategy (Simple and Effective)

https://www.youtube.com/watch?v=GiHv0govSck

New replays relevant with Range Trading, Trend Detection in Forex Trading, Best Forex Tradsing Strategies, and What’s Swing Trading, Bollinger Bands and RSI Trading Strategy (Simple and Effective).

In today’s Trading Beacon tutorial, all will be explained about the Bollinger Bands and RSI Trading Strategy.

This effective trading strategy makes use of the bollinger bands and rsi indicator, and shows you exactly how to use them effectively. There are two main trading strategies covered in this video, one of them involving the use of divergence. These can be used for a forex trading strategy, as well as stocks, crypto and futures.

So make sure to tune into today’s video to see the bollinger bands and rsi trading strategy in action!

——————————-

✅ Subscribe Now: https://www.youtube.com/channel/UCDSBQnqFvO6h3CDCSWkyZCg?sub_confirmation=1

📈 Free Trading Tutorials: https://www.youtube.com/playlist?list=PLoy2CgfUTK0IzfQgJLmT0TKihSwnND62B

——————————-

POPULAR VIDEOS:

👉 The #1 Indicator For Trading:

👉 50 Pips Per Day Forex Scalping Strategy:

👉 Best Swing Trading Strategy:

👉 Ichimoku Indicator Explained:

👉 TDI Indicator Strategy:

👉 3 Bar Reversal Pattern Explained:

——————————-

So the first step of the strategy is going to be setting up the bollinger bands properly. So click on indicators. Search for bollinger bands. And then click on this search result. Now, we’re going to have to make a few changes to the bollinger bands so that they work better for this strategy, so let’s do that now.

So double click on the bollinger bands to bring up the settings. The first thing I’m going to do is remove the background, since it’s not really needed. So simply click on this button and slide the opacity all the way down to 0%. Next I’m going to go in and change all 3 of these colours to black.

Ok, now let’s adjust the input settings for the bollinger bands. So the first setting we’re going to change is the length. So for those traders who don’t know, the bollinger bands are made up of 3 lines. The middle line is simply just a moving average, which takes the average of previous candlesticks and plots them as a line on our chart. So for example, if we left the length at 20, then this middle line would show the average of the last 20 candles. But for this strategy, we’re going to change the length to a setting of 30.

The upper and lower lines that you see, which are the upper and lower bands, are controlled by this setting. This word means “standard deviation.” So by leaving this setting at 2, that means we have a line plotted 2 standard deviations above and below the moving average. For this strategy, a setting of 2 for the standard deviation will work just fine.

Ok, now we have the bollinger bands set up properly for this strategy, so let’s set up the RSI as well. So click on indicators. Search for RSI. And then click on the search result labelled Relative Strength Index. You should now see the RSI appear below your chart. So double click anywhere on the RSI to bring up the settings, and let’s make a few changes.

——————————-

Beauty Flow by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/5025-beauty-flow
License: http://creativecommons.org/licenses/by/4.0/

——————————-

DISCLAIMER:
Foreign exchange trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Past performance is not indicative of future results. The information presented today is not meant for use in live trading.
This video is not a recommendation to anyone on how to spend or invest their money. Take all videos as my own opinion, as entertainment, and at your own risk. I do not assume any responsibility or liability for any errors or omission in the content of this channel. This content is for educational purposes only, and is not tax, legal, financial or professional advice. Any action you take on the information in this video is strictly at your own risk. TradingBeacon.com and all individuals affiliated with this channel assume no responsibilities for your trading and investment results.

——————————-

#Trading

What’s Swing Trading, Bollinger Bands and RSI Trading Strategy (Simple and Effective).

Using Bollinger Bands For Trading Large Cap Stocks

As we went over in Part 1 of this series, by now you must have a determined patterns for the stocks you are watching.
You may have a preference for orders outside the converging line range to obtain a breakout as it occurs.

Bollinger Bands and RSI Trading Strategy (Simple and Effective), Find more high definition online streaming videos relevant with What’s Swing Trading.

Trading Stochastics – It’s Not All That It’s Cracked Up To Be

Keep in mind that the previous indications can be used in mix and not only one. Utilizing an automated system will assist you step up your portfolio or start creating an effective one. Let’s discuss this Everyday Timeframe Method.

, if you want to win at forex trading and enjoy currency trading success maybe one of the most convenient methods to achieve it is to trade high odds breakouts.. Here we will look at how you can do this and make big profits.

This technique is simple and it is not complicated in any manner. It works even in volatile market conditions. Your capability Stochastic Trading to get the finest from this technique depends on the method you efficaciously apply the method. There is no magic behind the method.

You require less discipline than trend following, since you do not have to hold positions for weeks on end which can be hard. Rather, your profits and losses come quickly and you get a lot of action.

You should not let your orders be open for longer period. Observe the marketplace condition by staying away from any interruption. The transactions in unpredictable Stochastic Trading market are constantly brief lived. You must go out minute your target is attained or your stop-loss order is activated.

This system is simple and you need to understand this reality – all the very best systems are. Forget professional Stochastic Trading systems, neural networks or lots if signs – simple systems work best as they are robust and with fewer aspects to break in the face of ruthless ever changing market conditions.

The easier your system is, the more earnings it will generate on a long term. When their trading system is simple to follow and understand, it is proven that traders operate in an optimal state.

In this post is a trading method revealed that is based on the Bolling Bands and the stochastic indications. The method is simple to use and might be utilized by day traders that wish to trade short trades like 10 or 30 minute trades.

Note that the previous indicators can be used in mix and not only one. You need to view carefully as the cost approach the assistance or resistance. This is to verify that the cost trend is real.

If you are looking exclusive exciting comparisons relevant with What’s Swing Trading, and Forex Trading Tips, Currency Trading, Online Trading, Thinslice Trading you are requested to signup our email list totally free.