John Bollinger will be the guest presenter at our trading master class seminars on 25, 26 and 28 November. We are delighted to advise that as part of our commitment to the discussion on trading strategy and education, he will also be posting some insights to our blog. These will cover various aspects of Bollinger Band trading strategy. Here is the first of these posts
Guest post by John Bollinger - a classic W formation
From Friday morning the 30th of October, S&P 500, one minute bars with candlesticks and Bollinger Bands. A classic very short-term W formation. A low made outside the lower Bollinger Band followed by a low inside the leads to a rally to the upper band. Risk/reward is quite reasonable: the stop goes just under the first low, versus a trip to the upper band. Exit on tag of upper band.
US SPX 500 Cash CFD 1 minute
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