 [Larger view] | Bollinger on Bollinger Bands
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| Good book for beginners | |
| This is an interesting and easy to read book. It provides the reader with an in-depth explanation of Bollinger Bands and its interpretation and application. The book expands a bit more on how to apply the bands to trading strategies, but it falls short on a more detailed trading system with the bands. For instance, stop-loss, entry, exit, ect. It is a book about the study of an indicator, and that's about it. Nonetheless, it is worth reading! Unfortunately, the book fails to provide a more detailed explanation on the most interesting aspects of the bands: The squeeze. The squeeze of the bands itself does not tell the trader too much, except that the price action is bound for a strong move. However, it is possible to combine other indicators so to have a solid idea which way the move is going to occur. | |
| Some New Good Idea...But Not Enough... | |
| I've bought this famouse author's book with a lot of expectation. And then, I've been inspired several new idea from the book. Since I've been learned about the Bollinger Bands, I've expected to get a lot of New and Powerful idea on this book, but not much... However I found some New idea like that price reaches the peak when lower band reverses its direction, and I'm likely to read the price action more accurately and easily than ever before. Only with this idea, the book is worth buying. Recommended. | |
| Who Better to Explain Bollinger Bands... | |
| Of all the main stream technical indicators, it is safe to say that Bollinger Bands are perhaps the least understood. But they can become part of an arsenal of highly useful technical tools for those who have learned how to properly apply them and one good way to get a running start is to read his latest book, Bollinger on Bollinger Bands. Not only does the book provide some very useful background information on how they came to be, it is an opportunity to hear from the master himself how he uses the bands to best effect. According to Bollinger, one pattern that he calls the Squeeze (a topic on which he spends a whole chapter) draws more questions than any other aspect of Bollinger Bands. As he describes it, his bands "are driven by volatility, and The Squeeze is a pure reflection of that volatility." (Excerpt from Investopedia.com with permission.) After reading the book, I developed a scan to find stocks that are getting the Squeeze and it works pretty well. Sure enough, a stock that has shown a period of declining volatility, generally breaks out with a bang shortly after reaching a low extreme. The trick is then trying to determine which way. Bollinger includes a number of tips and indicators in the book to help the trader figure that out too. This book is for anyone who has ever looked at Bollinger bands and tried to understand how to use them as well as those who do use them now but want to get some more great ideas. It is not a difficult read and is actually very well written (I am always surprised by traders who have been steeped in mathematics and technicals like John B. who can also write well.) He is obviously an excellent communicator and this fact comes through loud and clear in his book. Bollinger on Bollinger Bands is well worth the money. It is also a chance to hear the master who we see on CNBC and in the Wall Street Journal express his ideas and views on markets and how to profit from them. That alone, makes this book worth reading. Matt Blackman - Technical Writer/Reviewer Email: matt@tradesystemguru.com |
