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Just wanted to share this chart showing a fairly dramatic example of the Bollinger Bands and their reflection of volatility in the ES this morning.
I have the BBands plotted at the bottom of my chart.
After the first 45 minutes of the session, volatility dropped significantly (according to the BBands) and remained low for a protracted period of time (about an hour and 15 minutes).
The distance between BBands continued to shrink until they were very close together, and then price exploded up.
"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
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@eminitrdr Yes, I believe you're putting together some very nice trades, well done. I sent you a PM, not sure if the charts went through, let me know if they're missing.
I'll post the charts here, I marked the targets, I'll PM you the trades. The third chart is this mornings chart. I'm targeting the POC @ 1.2716 (for now).
If ya wanna learn the Old School, read the entire thread as many times as necessary to understand the basic concept/idea. Mr Cashish explains his method in great detail.
Is it easy, NO. Does it take a lot of time, effort, hard work, dedication, screentime, etc...YES, at least for me.
Here is just some of the prep work I do before each trading day.