Hello Traders, this is Nathan Tucci. I just wanted to give you some insight into the strategy I have been using lately. Since I have adopted it, it has allowed my account to increase by a few percent each day which adds up VERY quickly. The strategy is all based on Bollinger bands. A Bollinger band is an indicator that is designed to show when a pair is over-bought or over-sold. In short, when a pair is too high or too low, you wait for a signal going the other way. The best way to describe it is to show you. Here is a trade that I am in right now based on the Bollinger Band.
As you can see, I took the long because the tails from previous candles pierced the bottom of the Bollinger band showing that the price was over-extended and was ready to turn. After getting two bullish bars the other way, I was confident the reversal had started. I am up over 90 pips now, and am looking to make 500 pips on the move.I put a box around to other times that the Bollinger band was pierced and move up, and you can see how big the moves are.
The awesome thing about this strategy is that it works on any time frame. On the above trade I am looking for 500 pips, and just a minute ago I made a ten pip profit based on a 5 minute signal. I will warn you that the smaller the time frame, the less likely the Bollinger band strategy is. It is a PERFECT day and 4hr strategy.
Follow me on twitter tomorrow, I will post a good Bollinger band trade in the morning that you guys can follow (as I tweeted about this GBP trade yesterday.)
Thanks for reading!!
Winner’s Edge Trading, as seen on: