• I was conducting my daily analysis and just by chance had the Dukascopy webinar window opened when i overheard someone from the Duka team saying there will e a conference in Riga which will have as a special guest John Bollinger , the inventor of the well known indicator Bollinger Bands. I said in my mind , cool but wait i have not used Bollinger Bands for ages. So i decidied to pull up my trading chart and add the BB to see if i can find an interesting set up.
  • I had my chart on EUR/JPY previosly because i was studying the pair almost double bottom formation.Well kinda looked like it ,it was not perfect,but still. I was analyzing to find a good entry point and also i wanted to buy as low as i could near support. Studying past price action i was almost certain the pair will make a reversal if not at least a significant retracement.



  • Because of my approach my stoploss was triggered but i succed to book 51 pips on this trade, so i could call it a pretty good trade.After the trade was closed we had a minor retracement of this bullish wave but it seem that it will continue to go up.For the moment i will keep an eye on it and if i find a good possibility of rentry at a good price i will go for it.

Thank you Dukascopy team for great webinars.

Thank you John Bollinger .
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