Bollinger Bands: Why Millionaire Traders Are Using This Technical Indicator

[@DaytradeWarrior]

Download my Ultimate Technical Analysis Guide!🍏 warrior.app/technical-study-guide

[@Jp-ui3fw]

Can I use bollinger bands one the one min or only the 5?

[@stevenchow408]

​@@Jp-ui3fw yes

[@MKFries10]

@@Jp-ui3fw you can use Bollinger Bands in the 1-minute timeframe.

[@kelkel5598]

I added this to my Trading View today and it helped me hang in longer for a bigger gain on LIDR..I didn't bail on the trade when I saw it go down so much beyond the lower BB. I knew a reversal was coming and boy did it ever! Went from $1.87 to $3.35 and I got out in the high $2's. Doubled my money because I added the BB. Thank you Ross!!

[@kryptonianblack7769]

"You! You have a gift my friend." - Paul Vitti...Seriously, you're very good at teaching. Thank you

[@GLC-Strikers]

This works good for me too. Pane 1 , I use sma 10, RSR 20, SMA34, Boll 20,2. Pane 2 : volume. Pane 3 : MACD 12 26 9. Pane 4 : RSI 10. Thank you for this video . Great teaching as always. 🙏🏽

[@alphazero2829]

what is RSR?

[@MasonBall-uh1gt]

This guy doesn’t miss. Great stuff

[@Z.H.Trading]

Truly man your videos are pure "GOLD"! Your teaching style is so spot on talking about not only the how, but the whys. I look forward to your videos each and everyday! Thank you so much.

[@GeorgeDavid420]

Honestly been using this for years…because im too lazy to learn charts and the bands dictated the highs and lows accurately

[@h2o540]

How profitable is it?

[@brandonlindgren9026]

Very valuable. I enjoyed how you broke everything down. Thank you, Sir.

[@josehenry7205]

Hey there! Just wanted to remind you that it's never too late to start taking your investment journey seriously. So don't lose hope

[@domenez]

You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment

[@wilsonrichard440]

Stacey demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@wells7147]

I remember giving her my first savings $20000 and she opened a brokerage account for me it turned out to be the best thing that ever happened to me.

[@tryleraaron9244]

Yes I can believed that, I got victory with her, was so sad after receiving the first pay knowing I invested so low with fear

[@dorathystephanie7702]

This Woman has really change the life of many people from different countries and am a testimony of her trading platform

[@charlesalvingoodman]

You are an excellent trading instructor. The way you break analysis down is easy to comprehend. THANK YOU!

[@NuclearTrading]

Thank you Ross! I gain so much from each and every video

[@wakeup9557]

Thank you Ross, we appreciate you!

[@Footballdrip1]

I love the Bollinger Bands, which is my #1 indicator.

[@Footballdrip1]

@DayTradinggWarrior How do I do that?

[@rogerward801]

Great indicator for scalping. Love to see those huge spikes go outside the BB. Jump in for the quick change of direction

[@brittanyanderson1295]

I've always used bollinger bands... It was one of my very first indicators.

[@dbor8432]

Another great video! I feel like I found “the holy grail “ channel! Thank you for explaining you are using the five minute and one minute candle!

[@galvingibran5940]

Thank you. This is my fav indicator

[@TraderLane702]

Learning a lot! Thank you

[@AlbertHoffman-mb6tv]

Alright I I love you going through other technical indicators!

[@Sunnytrader7]

Thank you Ross.

[@cliffcoates7982]

Love your teaching Ross and enjoy your videos but how about doing some on RVOL and ATR

[@kimtaylor1985]

Hey Ross thank you so much for your insight and enlightenment. I am from Mumbai India, new to trading your tutorial have made a huge difference. Cheers buddy thanks again. I had a question though I am (want to be) day trade it I am finding it very hard to find stocks to trade in. Any insight into how to set screener so I get updates like you mention . Any help would be greatly appreciated. Thanks again keep up the great work !!

[@jareen19871]

Great explanation thanks

[@zahid9929]

Ross! Haha, excellent video. I'm also always searching for the 'holy grail' indicator to avoid losses. Excellent video, Ross. I understand the entries on reversal, but I didn't quite grasp the entries when the price is going up, like when the price is riding on top of the Bollinger Bands. Will it involve the same micro and pullback strategies while it's crossing up until it drops back? Thank you

[@TheViggy50]

in the video you changed the setting in the BB to 38 I thought you don't change it? or should I also set it up like you do here?

[@DaytradeWarrior]

I was just doing it as an example. Keep it at default settings!

[@ross.58008]

Good info👍

[@LesssThanAverageJoe]

Hey Ross what were your profits like when you primarily traded reversals? I ask because I think I'd prefer that strategy.

[@DaytradeWarrior]

Ross really does not trade reversals much, he primarily focuses on longs only.

[@DaBrasilianaire]

Love it! ❤

[@jakegreer8446]

What's up Ross love your videos

[@DaytradeWarrior]

Thanks Jake!

[@jonnybritnorth7966]

Ross i want to say thankyou for what could be ...the most.. stupidest thing you've taught me today! And its a GOOD thing! I've been trading a 4 screen layout on my thinkswim 27 inch screen "FOREVER" and i didn't know i could...wait for it... MAXIMIZE... 1 of the cells to full screen!!!!...omg ...my eyesight isn't that good.. and i watched your video today and thought..."wait a minute!" " there must be a MAXIMIZE click button here somewhere.... and by jove...THERE IT IS! omg omg ...So... I've been squinting at my 5 inch square 1 min chart when im trading forever trying to use it with the other time frame screens on my entries and exits! Its now ...... 27 inches ROSS WHEN I NEED IT! omg i feel SOOO stupid...So many buttons...11 years and still learning the thinkswim functions! Thanks my friend ...noob here... but with a full screen of info now :)

[@asomness77playsmc19]

No trade day? the market suckkkkeeeddd. Today was going to be my first day of trading with real money but eff that.

[@Matthansmail]

Same

[@linas0516]

Try Keltner channels with a multiplier 4. On fast moving stocks BB are useless to me. BB will always show the obvious - stock is extended 🙂

[@Dony99-zw7tz]

What length are you using? Cheers

[@linas0516]

@@Dony99-zw7tz standart lenght 20. Multiplier 4 just for breaking news, opens and earnings, in other cases 3.

[@linas0516]

@@Dony99-zw7tz standart lenght 20. For normal stocks :) multiplier 3.

[@aaronscottmatthews7883]

Bollinger bands and Keltner channels - almost indispensable

[@tashalgarcia1]

Why do you change your EMA if you leave everything else the same?

[@brcbya]

When you say trading @ 9 am - 9.30 am, do you mean UTC+8 or your local time?

[@Andre_Williams_II]

9am Eastern Standard time...all of this is based on the American Market which opens at 9:30 est.

[@SomeOne-ke4fz]

My Bollinger bands settings look different from yours, i have a lot more settings on the Inputs tab with different defaults from yours (length=20, Basis MA Type=SMA, Source=close, StdDev=2,Offset=0, Timeframe=chart, WaitForTimeFrame closes=checked))

[@Doloveli]

💎💎💎💎💎💎✨✨✨✨✨✨ appreciate this more than you will ever know 🙏🏿

[@joshim383]

I used them but my charts got too difficult to read with too many indicators.

[@shhlan3774]

Just like Leo said.

[@TintoJoseph-cx1wi]

Super

[@zamora3D]

fluff content, you don't use it.

[@jesskinder9597]

Thought you didnt use them?

[@DaytradeWarrior]

Ross has them on his charts currently, however, they aren't his primary focus.

[@abda9212]

Bollinger Bands looks good on 5 minute chart but useless on the 1 minute.

[@fails_on_the_regular]

Yea don’t use it 🤷🏼‍♂️, to many indicators clutter up you chart do more harm than good I think.

[@rrrod3433]

Yea but using Bollinger bands are really effective….”bandz ah make her dance bandz ah make her dance”

[@fails_on_the_regular]

@ 😄

[@louissabatini6745]

$stuck on cronos

[@midwestcannabis]

🎉🎉🎉❤❤❤

[@frzanfaraydon]

But you don’t use it!

[@jimmytrinh]

In the past, he's said that's its more like training wheels. He doesn't need them no more.

[@DaytradeWarrior]

at this point, I can visualize the position of the bollinger bands without them being on the chart. Stocks squeezing up and extended will be riding/outside the top bands. This creates a lot of risk for a flush back down.

[@Infantrymarine0311]

19:52 to 20:08 says he can see it without it and it’ll take time to get there. True. I don’t specifically use this indicator either, but Ive traded long enough to see the pattern without it

[@map8126]

Very helpful! Thank you Ross!

[@LoL_Lolovitch]

Why Millionaire Traders Are Using This Technical Indicator - can you name a couple? Did they told you that?

[@MeditationFixation]

How much cash do you have on hand? Like my comment if its more than 2million. Thanks!

didn't you say to not edit the default values, edit them, then use those values for the rest of the video? or did i miss something lol @DaytradeWarrior

[@MasonBall-uh1gt]

This guy doesn’t miss. Great stuff

[@DaytradeWarrior]

Thanks Mason!

[@TintoJoseph-cx1wi]

Super