Product Description

'All in all, "Bollinger on Bollinger Bands" is a gem...within 10 minutes of opening it, it went on my list of the five best technical analysis books ever' - Active Trader. This is the first comprehensive traders' guide to using Bollinger Bands from the man who created them. It includes a handy Bollinger Bands reference card. Over the past two decades, thousands of veteran traders have come to view Bollinger Bands as the most representative and reliable tool for assessing expected price action. Now, in the long-anticipated "Bollinger on Bollinger Bands", John Bollinger himself explains how to use this extraordinary technique to effectively compare price and indicator movements.Traders can look to this techniques-oriented book for hundreds of valuable insights, including: analysis of the primary indicators derived from Bollinger Bands percentage b and BandWidth; how traders can use Bollinger Bands to work with instead of against commonly encountered trading patterns; strategic use of Bollinger Bands in short-, mid-, and long-term trading programs; three trading systems based on Bollinger Bands; and, the essence of successful investing is to determine when a stock's price is too high or too low and then act accordingly. While John Bollinger would be the first to argue that no techniques exist for definitively determining these levels, "Bollinger on Bollinger Bands" presents an insider's examination of the one tool that if its widespread popularity is an accurate judge of its effectiveness comes closer than anything else. Concise yet comprehensive, it is one of today's truly indispensable investment guidebooks. 'The purpose of this book is to help you avoid many of the common traps investors get caught in, including the buy-low, sell-high trap, where the investor buys only to watch the stock continue downward or sells only to watch the stock continue upward. Here, the traditional, emotional approach to the markets is replaced with a relative framework within which prices can be evaluated in a rigorous manner leading to a series of rational investment decisions without reference to absolute truths' - From the Introduction.In the 1970s, market newcomer John Bollinger couldn't find a system of investment analysis to fit his belief that all market events exist only in relation to one another and that there are no absolutes. So he created his own. That approach Rational Analysis led to the establishment of Bollinger Bands and ensured Bollinger's spot in investment analysis history. Now, in "Bollinger on Bollinger Bands", John Bollinger explains the market conditions that led to his initial discovery, and gives readers the inside story of the development and refinement of Bollinger Bands. He then goes on to present a relative decision framework built around Rational Analysis and Bollinger Bands, an extraordinarily powerful combination of technical and fundamental analysis that answers the question of whether prices are too high or too low for virtually any security or market environment.By understanding how to incorporate Bollinger's techniques into their own investment strategy, investors will greatly increase their ability to ignore often-costly emotions and arrive at rational decisions supported by both the facts and the underlying market environment. "Bollinger on Bollinger Bands" provides: the first authoritative examination of this revolutionary technical analysis tool; three simple systems for implementing Bollinger Bands; and, innovative methods for clarifying patterns and analyzing time frames and moving averages.The key to effective investment analysis is to as much as possible eliminate emotion and approach each trade on its technical and fundamental merits alone. Since their introduction, few analytical techniques have helped investors do this better or more consistently than Bollinger Bands. "Bollinger on Bollinger Bands" provides tips, guidelines, and rules for incorporating the bands into virtually any investment strategy. It is a watershed book, written by the only man truly qualified to claim a comprehensive knowledge of the topic John Bollinger himself.

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Product Details

• Amazon Sales Rank: #220739 in Books
• Model: Bollinger Bands
• Published on: 2001-08-01
• Original language: English
• Number of items: 1
• Dimensions: 24.00" h x 24.00" w x 24.00" l, 5.00 pounds
• Binding: Hardcover
• 288 pages

From the Back Cover

"All in all, Bollinger on Bollinger Bands is a gem. ...within 10 minutes of opening it, it went on my list of the five best technical analysis books ever." - Active Trader

The First Comprehensive Traders' Guide to Using Bollinger Bands­­from the Man Who Created Them

Includes handy Bollinger Bands reference card

Over the past two decades, thousands of veteran traders have come to view Bollinger Bands as the most representative­­and reliable­­tool for assessing expected price action. Now, in the long-anticipated Bollinger on Bollinger Bands, John Bollinger himself explains how to use this extraordinary technique to effectively compare price and indicator movements.

Traders can look to this techniques-oriented book for hundreds of valuable insights, including:

• Analysis of the primary indicators derived from Bollinger Bands­­%b and BandWidth
• How traders can use Bollinger Bands to work with­­instead of against­­commonly encountered trading patterns
• Strategic use of Bollinger Bands in short-, mid-, and long-term trading programs
• Three trading systems based on Bollinger Bands

The essence of successful investing is to determine when a stock's price is too high or too low and then act accordingly. While John Bollinger would be the first to argue that no techniques exist for definitively determining these levels, Bollinger on Bollinger Bands presents an insider's examination of the one tool that­­if its widespread popularity is an accurate judge of its effectiveness­­comes closer than anything else. Concise yet comprehensive, it is one of today's truly indispensable investment guidebooks.

"The purpose of this book is to help you avoid many of the common traps investors get caught in, including the buy_low, sell-high trap, where the investor buys only to watch the stock continue downward or sells only to watch the stock continue upward. Here, the traditional, emotional approach to the markets is replaced with a relative framework within which prices can be evaluated in a rigorous manner leading to a series of rational investment decisions without reference to absolute truths. "
­­From the Introduction

In the 1970s, market newcomer John Bollinger couldn't find a system of investment analysis to fit his belief that all market events exist only in relation to one another and that there are no absolutes. So he created his own.

That approach­­Rational Analysis­­led to the establishment of Bollinger Bands and ensured Bollinger's spot in investment analysis history. Now, in Bollinger on Bollinger Bands, John Bollinger explains the market conditions that led to his initial discovery, and gives readers the inside story of the development and refinement of Bollinger Bands. He then goes on to present a relative decision framework built around Rational Analysis and Bollinger Bands­­an extraordinarily powerful combination of technical and fundamental analysis that answers the question of whether prices are too high or too low for virtually any security or market environment.

By understanding how to incorporate Bollinger's techniques into their own investment strategy, investors will greatly increase their ability to ignore often-costly emotions and arrive at rational decisions supported by both the facts and the underlying market environment. Bollinger on Bollinger Bands provides:

• The first authoritative examination of this revolutionary technical analysis tool
• Three simple systems for implementing Bollinger Bands
• Innovative methods for clarifying patterns­­and analyzing time frames and moving averages

The key to effective investment analysis is to­­as much as possible­­eliminate emotion and approach each trade on its technical and fundamental merits alone. Since their introduction, few analytical techniques have helped investors do this better or more consistently than Bollinger Bands. Bollinger on Bollinger Bands provides tips, guidelines, and rules for incorporating the bands into virtually any investment strategy. It is a watershed book, written by the only man truly qualified to claim a comprehensive knowledge of the topic­­John Bollinger himself.

About the Author

John Bollinger is president and founder of Bollinger Capital Management, an investment management company that provides technically driven money management services to individuals, corporations, trusts, and retirement plans. Bollinger publishes Capital Growth Letter and provides weekly commentary and analysis on CNBC, and was for years the chief market analyst on Financial News Network. He is both a frequent contributor as well as a featured expert for publications including The Wall Street Journal, Investor's Business Daily, Barron's, Technical Analysis of Stocks and Commodities, The New York Times, Los Angeles Times, and USA Today.

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Customer Reviews

Bollinger on Bolly Bands
Well I had high hopes for this, but I found it a real drag.

BB's are a great trading tool and I use them, but it seems to me that the author has sat down and found as many market scenarios as can be found to fit BB's onto as an indicator.

There are many ways BB's are useful and many market conditions where other indicators and mthods are better served, this book sells BB's almost as a brand not as one of many indicators.

There is also a considerable amount of website TA and trading company recomendations in the book, so many in fact I began to wonder if they where mentioned for genuine advice or some kind of sponsorship deal!!

Dont get me wrong here if you want to learns BB's its the only place to go, but it could have been written in 25 pages without the slapping myself on the back undertone and prodigious filler.

My tip, read the book, photocopy the 15 point basics from the inside back cover pin to your notice board, job done.

Probably the best book on trading stocks that I have read.
This is a thoroughly practical and readable book. I have read too many where one is encouraged to trade in a specific way and stellar results are guaranteed. Certainly I have found difficulty in extracting profits from some of the snake oil salesmen's ideas. Bollinger does not sell snake oil.

This book is different. It is neither an ego trip nor is it filled with endless pages of tables which serve no useful purpose, other than to make the book seem better value.

He makes plain, that one has to find a trading style to suit oneself, and is not overly proscriptive.

All of his ideas are well laid out and easy to verify and equally applicable to stocks and commodities.

He gives a number of formulae in the book, and these are easily translated into action, in say TradeStation, by seasoned professionals and beginners alike.

In short, this book is excellent, and I hope it will take it's place on the traders best sellers list.

A Very Simple Introduction to Bollinger Bands
My grade on the book is for the value of applying the information it contains.

If you have heard of Bollinger Bands, but don't know what they are, Bollinger on Bollinger Bands will be a good simple introduction.

On the other hand, you probably don't need to know what Bollinger Bands are unless you plan to trade stocks or commodities rather than holding cash, bonds, or indexed stock mutual funds. Even then, the subject is optional. The book references a Web site you can go to in order to get investment ideas based on this type of technical analysis.

Basically, there are three simultaneous Bollinger Bands. The middle one is usually a 20 period (hour, day, week, or month) moving average of the stock price (or other index or commodity you are tracking). The upper one is separated from the middle one by somewhere between 1.5 and 2.5 standard deviations. The lower one is separated by the equivalent amount. The relative difference is based on how many periods you are using. The key equations involved are printed on two sheets of card stock that you can pull out of the book to use separately from the book, or as book marks.

You use Bollinger Bands to create a relative measure of stock price. John Bollinger warns you that you have to use some art in constructing the bands to fit the data set you are using. Once in place, Bollinger Bands can be used to help spot switches in trends, identify trends that are likely to continue, and to generate ideas for possible investments.

You are encouraged to use Bollinger Bands in conjunction with a wide array of other technical data, and fundamental analysis. The discussion of which other technical data to use is quite good. The fundamental analysis discussion is mostly missing.

Those who are interested in a history of technical investment analysis will find this book a user friendly reference to the best work on "envelopes" around prices during the last three decades. The text is supplemented with large numbers of graphs to support the key points. There's an extensive glossary as well.

If you rapidly grasp technical analysis, you can skip to the sections near the end where three investing methods are proposed. If you do that, the book will seem like a long article to you.

Realizing that you can beat over 90 percent of professional money managers in total return by simply holding indexed stock mutual funds over the next ten years, how much effort do you want to put into learning more technical tools?

Add knowledge that makes you wiser, rather than simply busier!