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.

Es el libro, pero necesito la edición en idioma español

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.

I enjoyed reading this book, but it was below my expectations. I expected to see novel ideas on how to use the Bollinger Bands, but instead the author tried to just combined the BB with known indicators. We already know that combining indicators for confirming turns is a good thing, but I expected more genuine ways of using BB, especially coming from an author and an individual whom I respect very much.If I would summarize the essence of what I have read, it would be 4 or 5 pages of unique reading material. Even the section about volatility breakout where supposedly the practical applications start, It was unclear as to how it would be applied correctly.I still believe that BB is an excellent measure of the relative price strength, but after reading this book I would think it is not much more than that.

I'm writing this review after buying copies of this book for two members of my family, both learning the ropes of trading, one of whom until earlier this month wasn't clear on the difference between a stock and a bond.This book has been available for 11 years and I just recently discovered it. Where the hell was I? Bollinger Bands have graced my charts on and off for more than 20 years, but everything I'd read about them now seems superficial, if not down-right misleading. Here is the inventor, spelling out how to use them properly (as well as improperly) in clear English. Here is an explanation of Bollinger Bandwidth which, once you understand it, will take a place on your charts, even if you have to kick off one of your now-favorite indicators.Of the many, many trade-related books that have taken space on my bookshelves, I reckon this to rank in the top five. I'm now reading it for the third time (something I can't say for any other book on any other subject).Buy this book, and give the others on your shelves to traders you dislike.

There is a lot of good info in this book. It takes someone with trading knowledge to put it to work. For instance the normalizing of indicators I am finding to be helpful. But as someone else mentioned it needs updating. But if you read btw the lines you can put a trading plan in place. For instance he talks about different indicators from different categories so as to not overlap, but he never really shows how to combine them. That’s left up to you. But investing or really trading is more of an art than anything else, and this book gives you ideas on how to implement it.

テクニカル指標としてよく使われている、ボリンジャーバンドを創始者自身が解説したものです。本書を読むと、価格の相対的な位置(高い安い）を示すというボリンジャーバンドの基本的な考え方がわかります。ボリンジャーバンドが単純移動平均を中心線として使用している理由もわかります。また、ボリンジャーバンドは単純移動平均の上下2標準偏差のバンド(帯）ですが、標準偏差を使ったのは、著者がオプショントレーディングでボラティリティー(標準偏差）に親しんでいたことが背景にあるとわかりました。ボリンジャーバンドのバンドの上限では、必ずしも売りとは限らず買いである場合もあり、下限では必ずしも買いとは限らず売りである場合もあり、判断のためには単独で使用するよりも他の指標、特に出来高指標との併用が必要であることもわかりました。バンドが狭くなった（Squeeze)後、広がることがあることを活用する戦術も述べられています。価格ではなく、既存のテクニカル指標のボリンジャーバンドを作成(単純移動平均＋−2標準偏差）することも有効であると述べています。著者は相場のみならず、多くのテクニカル指標や関連書籍に通暁していることにも印象的でした。本書はテクニカル分析の初歩から丁寧に書かれていますが、後半他のテクニカル指標の組み合わせによるトレード戦略のところはかなり高度な印象を持ちました。ここの部分は、いつか再読しようと思います。

Every one connects with one tool in their trading life. Mine is Bollinger Bands. They are awesome. And this book has a very valuble info on this tool. Of course its from the person who created the bands himself. Master this and you can survive the trading career. This book is equally useful for both investors and traders. .

Very clear and well informed explanation.

Excelente libro, de fácil lectura y muy claro en su contenido, muy recomendable para todos aquellos que se encuentren interesados en el tema.

This is a highly technical book, it is a must read for any serious trader or investor. Clear descriptions. If you use Bollinger Bands for trading, learn to use them how the developer uses them.