Besides the 'Hai'rami that I wrote about in my last post, ACCICB also came up with the Bollinger Bandit which has caused him much pain when he first started trading. I'm not trivializing TA by giving them such catchy names although it does seem to stick in the head much better it seems.

The Bollinger Band is wonderful when your candlesticks are touching them when it's on the uptrend as it often mean that there's a possibility that the next day/days' candlestick would continue to rise given that the other oscillators are in agreement.The thing about oscillators is that by right you are supposed to have the majority of them in agreement before you pull the trigger. However when there's no clear majority, it becomes murky as to whether to pull the trigger or not. Sometimes we can take a small punt or we can just forgo it. There's ...