At Forex-Station, there are 3 popular Band indicators.
(1) BB = Bollinger Band
(2) JB = Jurik Band
(3) GB = Gold Band
Let's trade. Sorry, no mtf yet.
So what are bands?
They're standard deviation bands.
When there's less volatility, the bands become tigher and we called it a squeeze.
When there is more volatility, the bands become bigger.
In his book, John Bollinger said after a period of low volatility, comes big volatility.
So how do we trade?
Wait for a squeeze, then trade on the breakout of the squeeze.
There are 28 Forex pairs. Plenty to scan.
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