Bollinger Bands

I don't actively use BB right now, but during my backtests of classical indicators, I found that Bollinger Bands are one of the most accurate indicators, specifically, the breakout of the price from the bands.
 
Enivid said:
I don't actively use BB right now, but during my backtests of classical indicators, I found that Bollinger Bands are one of the most accurate indicators, specifically, the breakout of the price from the bands.
Click to expand...
Can you please elaborate a little on how and why do you found them useful?
 
i use BB as well, they are good, but be careful of market reversal when using bb, you better off closing right-out in any direction you trading with bb when the market is in your favour except you got a sizeable balance and you are ready to take the risk.
 
EUR/GBP on BB looks to breakout out short 1hr chart towards 0.85570, a possibility ..but do beware of a retrace as there is no economic high movement news today
 
i'm not to sure of GBP/USD but i see another breakout on H1 towards 1.38275, on reaching 1.38180 it will reverse to a pin bar going back up, it looks so, but another pin bar formed, so i dont think the breakout is good..

any analysis on this?
 
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