How To Use Bollinger Bands in Swing Trading – with real trade example!

Published on November 2, 2023

Trending full length videos relevant with Automatic Forex Trading, Trend Detection in Forex Trading, and What’s Swing Trading, How To Use Bollinger Bands in Swing Trading – with real trade example!.

FREE: The Complete Price Action Strategy Checklist: http://bit.ly/2wSHj8N

In this live video, I explain how I trade Forex using Bollinger Bands. I bring a recent trade example on USD/JPY and answer your questions on how to use Bollinger Bands in swing trading.

Additional resource videos:
– The trading journal I use: https://youtu.be/GyeFNCfomOA
– Tutorial to backtest in MT4: https://youtu.be/GC8vkzcjW2o
– Price action trading setups that work (interview): https://youtu.be/ZuIMzfHxxns

// About Me
My name is Etienne Crete (from Montreal, Canada). I’m a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.

What you must know: I’m all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer.

I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That’s why you can expect more free content from me than what other people charge for!

If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you’re good at.

// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.

// You Might Also Like…
This Guy Tells You Exactly How To Trade Forex Full-Time And Make A Living! – https://www.youtube.com/watch?v=P6H6VHP5fX0
I Met Up With A Professional Trader Today (Invaluable Advice)! – https://www.youtube.com/watch?v=svkcsO2vzys
How To Create Your Forex Trading Strategy & Make It Profitable… As I Explore West Lake In Hangzhou – https://www.youtube.com/watch?v=Zb5X7k2JanY
Complete Trading Strategy With The Engulfing Pattern – Price Action – https://www.youtube.com/watch?v=WqTrn92CFBw

// All Products Used In This Video
Canon EOS M6: http://geni.us/9ZQgs
Joby GorillaPod: http://geni.us/QfjD
Editing software: Final Cut Pro (Mac)

AFFILIATE LINKS
Thank you for trusting me with my truthful and reliable opinion on any future purchase you may make. I always disclose this information when it is the case. As part of the Desire To TRADE family, you allow me to be able to use affiliate/referral links when suggesting items for purchase. As a customer of the products I refer, you help me sustain the time and resources to create content on this channel by generating revenue from your sales. This doesn’t affect you in any way in the checkout process (I’m sometimes even able to arrange a discount for you that is special from other customers).

What's Swing Trading

What’s Swing Trading, How To Use Bollinger Bands in Swing Trading – with real trade example!.

Day Forex Signal Method Trading

A trader ought to develop rules for their own selves and STAY WITH them. It is extremely important that the forex trading robot you decide to buy has these 3 things. Then a brand-new trade can be entered appropriately.

How To Use Bollinger Bands in Swing Trading – with real trade example!, Play new videos about What’s Swing Trading.

Currency Trading Basics – A Basic, Timeless Approach For Big Gains

Using the SMA line in the middle of the Bollinger Bands gives us an even much better photo. This is a simple Forex trading strategy which is rational, east to find out and is a timeless way to make money.

Lots of traders want to purchase a currency trading system and don’t understand how easy it is to construct their own. Here we wish to look at building a sample trading system for substantial earnings.

Look at assistance and resistance levels and pivot points. When it approaches them, in a perfect choppy market the support and resistance lines will be parallel and you can expect the market to turn. Check against another indication such as the Stochastic Trading oscillator. If it shows that the rate remains in the overbought or oversold variety, you have another signal for the trade.

Tonight we are trading around 1.7330, our first area of resistance is in the 1,7380 range, and a second region around 1.7420. Strong assistance exits From 1.7310 to 1.7280 levels.

Just as essential as you will understand the logic that this forex Stochastic Trading method is based upon, you will have the discipline to trade it, even when you take a couple of losses as you understand your trade will come.

A few of the stock signals traders look at are: volume, moving averages, MACD, and the Stochastic Trading. They also must look for floorings and ceilings in a stock chart. This can show a trader about where to get in and about where to get out. I state “about” due to the fact that it is quite tough to think an “specific” bottom or an “precise” top. That is why securing revenues is so so crucial. If you don’t secure revenues you are actually risking of making a worthless trade. Some traders end up being truly greedy and it just hurts them.

However don’t think it’s going to be a breeze either. Do not expect t be a millionaire over night, because that’s just not reasonable. You do need to put in the time to discover about technical analysis. By technical analysis, I don’t indicate tossing a couple of stochastic indications on your charts, and have them tell you what to do. Sadly, that’s what a lot of traders think technical analysis is.

Keep in mind you will constantly give bit back at the end of a trend however the huge trends can last lots of weeks or months and if you get just 70% of these patterns, you will make a lot of money.

The 60 minutes chart uses up about 1/3 of my screen space and the 5 minutes 2/3 of the screen area. For that reason if there is a possibility for you to do a counter trend trade keep in mind DO NOT take that trade.

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