This article is taken from the Forex Journal (July 2009 issue).
The author, Alex Douglas, is an Associate Director, Head of Business Development and Market Strategist for City Index Australia. He drew his first chart by hand in 1983 and has twenty years of market experience including roles ranging from futures pit trader to Global Head of Foreign Exchange Technical Analysis. He is on the Board of the International Federation of Technical Analysts (IFTA) and was instrumental in the establishment of the Technical Analysts Society of Singapore (TASS).
Alex Douglas provides insight into the interpretation and use of Bollinger bands and trading tools that can be created from them.
This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the authors and the publisher are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. In commodity trading, as in stock, and mutual fund trading, there can be no assurance of profit. Losses can and do occur. As with any investment, you should carefully consider your suitability to trade and your ability to bear the financial risk of losing your entire investment. It should not be assured that the methods, techniques, or indicators presented in this magazine will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples in this magazine are for educational purposes only. This is not a solicitation for any order to buy and sell. The information contained herein has been obtained from sources believed to be reliable, but cannot be guaranteed as to accuracy of completeness, and is subject to change without notice. The risk of using any trading method rests with the user.
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