November 23, 2025 • 6 mins
Trade Smarter: Bollinger Bands Made Easy Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now Click Here to Attend my Free Masterclass #615: Trade Smarter: Bollinger Bands Made Easy In this video: 00:23 – Don’t sit at your charts all day. 00:41 – Using Bollinger bands. 01:19 – You cannot trade every suitable candle without qualifying it. 02:30 – Why Bollinger bands can help you to trade. 04:00 – Add Bollinger bands when checking for suitable candles. 05:02 – New Forex Masterclass. 05:25 – Book a call with us to chat about your trading. 05:45 – Blueberry Markets as a Forex Broker. 06:21 – Like, Share and Subscribe Today, I'm going to explain to you why I use Bollinger Bands. They're a really important part of your trading and can massively help you if you know how to use them right. So let's talk about that and more right now. Don’t sit at your charts all day. Hey there, Traders! Andrew Mitchem here at The Forex Trading Coach — outside on a glorious day with one of my wife's horses here. One of the beauties of trading, and the way that we trade, is that you do not need to sit at your charts all the time. You don't need to be at the computer all the time. Far from it. In fact, the opposite — less is more with good trading. Using Bollinger bands. But the reason I want to talk about Bollinger Bands today is that I had a discussion with somebody yesterday who's been trading for just a little while — not a client yet, but he was interested in how we trade, how we operate, and in coming on board with us. I actually met him in town, took my laptop, and had a really good chat with him. He knows that we use candle patterns and candlesticks as one of our primary ways of looking for a trade and understanding what's happening in the market. Now, he's reading Steve Nison's book about candle patterns — which I probably looked at maybe 20 years ago. You cannot trade every suitable candle without qualifying it. And I said to him, the issue that I find is that if you look at candles just by themselves, they don’t really tell you a lot. They can help, but there are too many false candles. You cannot take every outside bar, engulfing bar, pin bar, or hanging man — whatever it is you're looking at — as a trade. You just can’t do that, because you’re not going to be successful. What you need to do, as with any trading, is qualify it and make sure it’s in the right part of the chart. I took my laptop and showed him some trades that I had open live — in fact, two of the trades hit their profit targets. They were six-hour trades on XAG/AUD and XAG/EUR, which we posted for our members yesterday. They actually hit their profit targets live as I was sitting in a café talking with him, which was quite amazing. I said, “Well, you can’t make that type of thing up, can you? It just happened right in front of you.” Back to the story — I was discussing those trades and others, showing him the reasons why we took them. Yes, it was the candle patterns, but also where they occurred on the chart. We were using support and resistance levels, round numbers, stop-loss protection, and all those types of things. Why Bollinger bands can help you to trade. But the other point he wasn’t aware of — and what I want to discuss today — is about the use of Bollinger Bands. Now, I'm not a massive fan of using lots of lagging indicators because, well, they lag. However, I find that Bollinger Bands can really help you put the candle in the right part of the chart. Of course, you need prior trends and indecision and all those types of things. But if you just look at the setup candles that we look for, and if you're looking for candles that occur near the upper or lower Bollinger Bands, then what you’re seeing are potential reversal trades. In other words, if you had a nice uptrend and your bearish candle bounced off the upper Bollinger Band (or near that area), then that could be a very nice reversal trade — looking for the downtrend to start. Likewise, the opposite of that — if you're in a downtrend and you see a bullish candle bounce off the bottom Bollinger Band, then the market might start to reverse upward. Likewise, we also use the middle Bollinger Band. That’s a great area for helping to quantify trades that are continuation patterns — and continuation patterns are my personal favorite. It means that the market’s been moving up, then pulls back toward that middle Bollinger Band, you get a bullish candle pattern, and then you’re looking for the market to move upwards again. The opposite applies for bearish continuation patterns. Add Bollinger bands when checking for suitable candles. So, go and add Bollinger Bands to your charts and start looking at the candle patterns that we look for. By the way, that book I mentioned probably has hundreds of patterns — but you don’t need that many in forex. I generally find that there are o
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Today, I'm going to explain to you why I use
Bollinger bands. They're a really important part of your trading
and can massively help you if you know how to
use them right. So let's talk about that and more
right now. Hey, the trader is Andrew Mitcham here at
(00:22):
the Forrest Trading Coach outside on a glorious day with
one of my wife's horses here. And one of the
beauties of trading and the way that we trade is
you do not need to sit at your charts all
the time. You don't need to be at the computer
all the time. Far from it. In fact, the opposite,
Less is more with good trading. But the reason I
wanted to talk about Bollinger bands today is that I
(00:44):
had a discussion with somebody yesterday who's been trading for
just a little while. Not a client, but he was
interested in how we trade, how we operate, and coming
on board with us. And so I actually met him
in town and took my laptop and had a really
good chat with him. Now he knows that we use
candle patterns and candlesticks, etc. As one of our primary
(01:07):
ways of looking for a trade and understanding what's happening
in the market. Now. He's reading Steve Nissan's book about
candle patterns, which I probably looked at like maybe twenty
years ago, and I said to him, the issue that
I found is that if you look at candles just
by themselves, they don't really tell you a lot in
terms of they can help. But there's too many like
(01:29):
sort of false candles, as in, you cannot take every
outside bar and golf and barral pin bar or hanging
man whatever is you're looking at as a trade. You
just can't do that because you just are not going
to be successful. What you need to do, as with
any trading, is you need to qualify that and make
sure it's in the right part of the chart. Now,
(01:49):
I took my laptop and showed him some trades that
I had open live. In fact, two of the trades
hit the profit targets six hour trades on silver Australians
and silver Europe which we for our members yesterday, and
they actually hit the profit target live. As I was
sat there in a cafe talking with him, which was
which was quite amazing. I said, well, you can't make
that type of thing up, can you. It's just happened
(02:10):
there right in front of you. But back to the story.
I was discussing those trades and others and showing him
the reason why we took the trades. Yes, it was
the candle patterns, but also where they occurred and showed
within the chart, and we were using supporting resistance levels
and rand numbers to stop lost protection all those type
of things. But the other point that he wasn't aware of,
(02:33):
and I want to discuss on today is about the
use of Bollinger bands. And you know, I'm not a
massive fan of using lots of lagging indicators because they lag. However,
I find that Bollinger bands can just really help you
put the candle in the right part of the chart. Now,
of course, you need sort of prior trends and indecision
(02:53):
and all those type of things. But if you just
look basically at the setup candles that we look for,
and if you look for candles to occur near the
up or lower Bolinger band, then what you're looking at
there are reversal trades. So in other words, if you
had a nice uptrend and your bearish candle bounced off
let's say the upper Bolinger band or near that area,
(03:15):
then that could be a very nice reversal trade looking
for the down trend to start. Likewise, the opposite of that,
if you're in a down trend and you see your
bullish candle bants off the bottom Bolinger band, then the
market might well then start to look at reversing. Likewise,
we also use the middle Bolinger band, and that is
(03:35):
a great area for helping quantify trades that are continuation patterns.
And continuation patterns are my personal favorite pattern because it means,
let's say the market's been moving up, it's pulled back
towards that middle Bolinger band. Then you get the bullish
candle pattern and then you're looking for the market to
then move upwards again. And the opposite with a bearish
(03:58):
continuation pattern. So if you go and add the Bollinger
bands to your charts and you start looking at the
candle patterns that we look at, and by the way,
that book that I mentioned has got I don't know,
maybe hundreds of patterns, so you don't need them. In
forexx I generally find that there's only about four patterns
that we look at for four candle shapes that we
look at. But if you can quantify them by calling
(04:20):
them reversals or continuations. By having them add around the
upper middle or lower Bolinger bands, then you're going to
eliminate a lot of those trades that just occur in
the markets flat and not really in the right part
of the chart for either a reversal or continuation. So
that would definitely help you there. So that sort of
(04:40):
massively helped him, and especially when he could see trades
and he could therefore see the benefit of you know,
having someone to help teach you that, but also to
follow along trades like those six hour silver Rossie and
silver Euro trades that hit profit right in front of him,
you know, to see those and to understand why you're
taking those, and of course to be profitable as well.
(05:02):
So if you'd like to know more about how we
do that and how we can help you, obviously this
guy is meeting in person, and you know we've got
clients in one hundred and nine countries, so that's not
going to happen obviously with all of you. So the
best way to find out about us and how we
trade and how we can help you is to jump
onto my thirty minute on demand mass class, which you
can find a link here on this page, and if
(05:25):
you'd like to book a call to have a chat
with myself, you can talk to me or one of
the team and you can either email me directly and
I reply to all personal emails or replies to emails
personally myself. And if you'd like to have a call
on the phone with me or one of the team,
I'll put a link for that as well. And if
(05:46):
you're out there looking for a really good forest broker,
I can highly recommend Blueberry Markets over in Australia. They
are great people, great you know a lot of markets,
especially their empty five platform, which I use as to
one hundreds, not thousands of our pliants. If you're out
there looking for markets like the Silver Rossie, Silver Euro
(06:06):
not just the silver US for example, then can you
can jump on and find those type of markets and
those type of candle patterns that we're looking for on
the Blueberry Empty Fire platform. I'll put a link to
them as well. So any questions you have, drop me
an email or leave a comment here and I'm going
to enjoy the rest of the day with Raven here,
(06:26):
my wife's beautiful horse. Have a great day or night
whenever you're watching this, and I see this time next week.
Bye for no
Today, I'm going to explain to you why I use
Bollinger bands. They're a really important part of your trading
and can massively help you if you know how to
use them right. So let's talk about that and more
right now. Hey, the trader is Andrew Mitcham here at
(00:22):
the Forrest Trading Coach outside on a glorious day with
one of my wife's horses here. And one of the
beauties of trading and the way that we trade is
you do not need to sit at your charts all
the time. You don't need to be at the computer
all the time. Far from it. In fact, the opposite,
Less is more with good trading. But the reason I
wanted to talk about Bollinger bands today is that I
(00:44):
had a discussion with somebody yesterday who's been trading for
just a little while. Not a client, but he was
interested in how we trade, how we operate, and coming
on board with us. And so I actually met him
in town and took my laptop and had a really
good chat with him. Now he knows that we use
candle patterns and candlesticks, etc. As one of our primary
(01:07):
ways of looking for a trade and understanding what's happening
in the market. Now. He's reading Steve Nissan's book about
candle patterns, which I probably looked at like maybe twenty
years ago, and I said to him, the issue that
I found is that if you look at candles just
by themselves, they don't really tell you a lot in
terms of they can help. But there's too many like
(01:29):
sort of false candles, as in, you cannot take every
outside bar and golf and barral pin bar or hanging
man whatever is you're looking at as a trade. You
just can't do that because you just are not going
to be successful. What you need to do, as with
any trading, is you need to qualify that and make
sure it's in the right part of the chart. Now,
(01:49):
I took my laptop and showed him some trades that
I had open live. In fact, two of the trades
hit the profit targets six hour trades on silver Australians
and silver Europe which we for our members yesterday, and
they actually hit the profit target live. As I was
sat there in a cafe talking with him, which was
which was quite amazing. I said, well, you can't make
that type of thing up, can you. It's just happened
(02:10):
there right in front of you. But back to the story.
I was discussing those trades and others and showing him
the reason why we took the trades. Yes, it was
the candle patterns, but also where they occurred and showed
within the chart, and we were using supporting resistance levels
and rand numbers to stop lost protection all those type
of things. But the other point that he wasn't aware of,
(02:33):
and I want to discuss on today is about the
use of Bollinger bands. And you know, I'm not a
massive fan of using lots of lagging indicators because they lag. However,
I find that Bollinger bands can just really help you
put the candle in the right part of the chart. Now,
of course, you need sort of prior trends and indecision
(02:53):
and all those type of things. But if you just
look basically at the setup candles that we look for,
and if you look for candles to occur near the
up or lower Bolinger band, then what you're looking at
there are reversal trades. So in other words, if you
had a nice uptrend and your bearish candle bounced off
let's say the upper Bolinger band or near that area,
(03:15):
then that could be a very nice reversal trade looking
for the down trend to start. Likewise, the opposite of that,
if you're in a down trend and you see your
bullish candle bants off the bottom Bolinger band, then the
market might well then start to look at reversing. Likewise,
we also use the middle Bolinger band, and that is
(03:35):
a great area for helping quantify trades that are continuation patterns.
And continuation patterns are my personal favorite pattern because it means,
let's say the market's been moving up, it's pulled back
towards that middle Bolinger band. Then you get the bullish
candle pattern and then you're looking for the market to
then move upwards again. And the opposite with a bearish
(03:58):
continuation pattern. So if you go and add the Bollinger
bands to your charts and you start looking at the
candle patterns that we look at, and by the way,
that book that I mentioned has got I don't know,
maybe hundreds of patterns, so you don't need them. In
forexx I generally find that there's only about four patterns
that we look at for four candle shapes that we
look at. But if you can quantify them by calling
(04:20):
them reversals or continuations. By having them add around the
upper middle or lower Bolinger bands, then you're going to
eliminate a lot of those trades that just occur in
the markets flat and not really in the right part
of the chart for either a reversal or continuation. So
that would definitely help you there. So that sort of
(04:40):
massively helped him, and especially when he could see trades
and he could therefore see the benefit of you know,
having someone to help teach you that, but also to
follow along trades like those six hour silver Rossie and
silver Euro trades that hit profit right in front of him,
you know, to see those and to understand why you're
taking those, and of course to be profitable as well.
(05:02):
So if you'd like to know more about how we
do that and how we can help you, obviously this
guy is meeting in person, and you know we've got
clients in one hundred and nine countries, so that's not
going to happen obviously with all of you. So the
best way to find out about us and how we
trade and how we can help you is to jump
onto my thirty minute on demand mass class, which you
can find a link here on this page, and if
(05:25):
you'd like to book a call to have a chat
with myself, you can talk to me or one of
the team and you can either email me directly and
I reply to all personal emails or replies to emails
personally myself. And if you'd like to have a call
on the phone with me or one of the team,
I'll put a link for that as well. And if
(05:46):
you're out there looking for a really good forest broker,
I can highly recommend Blueberry Markets over in Australia. They
are great people, great you know a lot of markets,
especially their empty five platform, which I use as to
one hundreds, not thousands of our pliants. If you're out
there looking for markets like the Silver Rossie, Silver Euro
(06:06):
not just the silver US for example, then can you
can jump on and find those type of markets and
those type of candle patterns that we're looking for on
the Blueberry Empty Fire platform. I'll put a link to
them as well. So any questions you have, drop me
an email or leave a comment here and I'm going
to enjoy the rest of the day with Raven here,
(06:26):
my wife's beautiful horse. Have a great day or night
whenever you're watching this, and I see this time next week.
Bye for no
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