Different traders adopt different ways to trade effectively in the Stock market. Some traders prefer the intraday trading style and others are interested in short term and long term trading. The intraday trading is accompanied by considerable risks and the trader should have a sound strategy to trade successfully in the intraday trading.
In this article we are going to discuss an intraday strategy with the use of Bollinger bands and candle stick patterns. The Bollinger bands are formed with the moving averages and the Standard deviations across the moving averages. The upper band is formed by the positive standard deviation and the lower one by negative standard deviation.
The Bollinger bands help the traders in several ways by determining the current trend and also the opportunities of trend reversals. An upward sloping Bollinger band indicates an uptrend and the downward facing Bollinger bands indicate a down trend. Also the price movement is seen to be confined in the Bollinger ba
In this article we are going to discuss an intraday strategy with the use of Bollinger bands and candle stick patterns. The Bollinger bands are formed with the moving averages and the Standard deviations across the moving averages. The upper band is formed by the positive standard deviation and the lower one by negative standard deviation.
The Bollinger bands help the traders in several ways by determining the current trend and also the opportunities of trend reversals. An upward sloping Bollinger band indicates an uptrend and the downward facing Bollinger bands indicate a down trend. Also the price movement is seen to be confined in the Bollinger ba
