Bollinger on Bollinger Bands

Okay first off let me say who this book is not for. If you have absolutely no idea about technical analysis a lot of this may fly over your head initially regardless of how intelligent you are. Mainly towards the end of the book. I've personally been researching hard for about a month now and some of it was too deep for me. However I plan to go back and read it again, it changed my chart setup on the first run but I'd like deeper understanding of the underlying principals.This book is for anyone with at least a -small- understanding of investing or trading who wants to learn more about technical analysis. He eloquently explains what Bollinger Bands are and what they can or can not do. Special emphasis is put on how Bollinger Bands work with additional indicators.Bollinger is able to give technical advice while also delving a bit into the philosophy of trading. What struck me the most in the book was his constant drilling home of the fact that everyone should create their own trading system based on tools available...dont be like everyone else.Really enjoyed the book and I'm checking into whether or not he has other books available.Note on Kindle Edition: You may have to swipe pages back and forth to see charts but its usually only 1 or 2 at a time. It didn't bother me...but if it bothers you maybe go for a physical version.

Only read this book for these reasons:1) You are tired of losing money.2) You want to maximize your gains and minimize your loses3) You want a tool with tremendous accuracy to get a glimpse of where the market is probably going.4) You are greedy and want to make a boat load of cash.I have been investing since the 1980's. I have read dozens and dozens of books, looked at 100's of investing videos on youtube and subscribed to websites and I can say with utter confidence that these things WERE COMPLETE RUBBISH !!!!. This book is the real deal. Cut through the non-sense and have tools and a plan that is simple to use AND MAKES MONEY. I have read the books on Elliot Wave and went seen all the videos. Those are OK, I have used the moving average cross over methods (I would NOT recommend) and a whole host of other things. The Bollinger method is by far the most complete, easiest to you and MOST PROFITABLE technique. Sooooooo in closing. If you are GREEDY and want to make a ton of cash, then this is for YOU.

This book is a must-read if one uses band methods for trading but, despite apparently sincere words about trying to be clear, and a glossary, still slips into unevenness and jargon at some points. Also many of the graphs have unlabeled scales for the derived quantities below the price. Generally the figure label explains, but sometimes not. Hence the 4 vs the 5.The book is well structured, with short chapters and few total logical surprises. It starts with the kind words, then the history of bands, and takes it from there into indicators and 3 suggested trading methods.The clear and up-front explanations of most of the formulas used in the indicators is superb, and there is also a handy formula-and-pattern tear-out card in the back.I especially appreciated the acceptance that traders' methods vary by individual, and the examples of applications.There are two chapters (12 & 13) on W- and M- patterns but this treatment is far from complete and totally unconvincing. Since Mr. Bollinger writes that he personally uses these a lot it is hoped that this section might be clarified and enhanced in a further edition.In summary, this first edition is a must-read but not a book one will wind up loving. A 2nd edition, if it ever gets written, might be better, maybe even great. Pray that Mr. B does a 2nd edition.

Finding techniques that make sense is one part of the challenge of self teaching. Another component is finding an explanation that makes sense. Success at a minimum requires both -- you won't make much progress if you're trying to decode a system, and a poor explanation will only complicate and lengthen the process. To me, the permutations look like this:-Bad system + bad teacher = no possible success, loss of time.-Good system + bad teacher = possible success, loss of time-Bad system + good teacher = no possible success, loss of time-Good system + good teacher = possible success, some time efficiencyI think it is essential for the self-teaching trader to expose him or herself to as many of both as possible. Without wide exposure, the self teacher unknowingly spends too much time trying to make sense of a poor teacher, or he/she tries to force a bad system do good things.The key -- to me -- is finding something that absolutely resonates and makes sense. This varies from person to person.For me, Bollinger's approach is based in logic and his explanation is clear and direct. It is *the* framework that resonates for *me*, and it took me some time and a LOT of review of many other concepts to get to this point.Five stars, all the way.

There's no more direct way to learn about Bollinger Bands than to read the book written by the man who invented them. This is a must-read for any technical trader. In my opinion, this and the New Concepts in Technical Trading book by Wilder are the two best books that can be read by anyone looking to swing trade. I've tried a lot of different things but %B divergence with A/D% volume confirmation coupled with RSI failure swing and a close beyond the 20-day sma are pretty reliable for identifying tops and bottoms. Waiting patiently for these setups to form is the difficult part but these indicators do not provide continuous guidance, as is stated by Bollinger in this book.