Welcome! Dear Traders,you are reading my forex trading experiences. Forex trading is a very profitable and very risky business opportunity. If you are a beginner, calm down,have a cup of coffee, and convince yourself that you need to study hard to win in forex trading. Obviously, the task is not easy as the statistics claim that only 5% traders win in forex trading. If you are determined, serious,and hard working, you can surely be included in the group of winners.

Wednesday, July 30, 2014

HOW TO TRADE FOREX WITH BOLLINGER PERCENT B(%b) TECHNICAL INDICATOR

Bollinger Percent B technical indicator is just another version of Bollinger Band technical indicator. A Bollinger Percent B moves like an oscillator. Bollinger Percent B indicates the position of the price on the Bollinger Band, but in different way. 
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When the Bollinger Percent B is at 100% level, it means the price is at upper Bollinger Band.
When the Bollinger Percent B is at 50% level, it means the price is at middle Bollinger Band.
When the Bollinger Percent B is at 0% level, it means the price is at lower Bollinger Band.
When the Bollinger Percent B is at 125% level, it means the price is at 25% higher than the upper Bollinger Band.
When the Bollinger Percent B is at -25% level, it means the price is 25% lower than the lower Bollinger Band.

The trading technique with this indicator is simple. The trend is assumed to be within the Bands. So, if the price is at 100% level or upper, a sell order can be placed. And if the price is at 0% level or lower, a buy order can be placed.

Dear traders, if you have any suggestions about trading with Bollinger Percent B, please drop a comment below. You can mention me on twitter @albab247, if you want to be connected with me.

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