You may have seen there are countless articles on the web declaring engulfing strategies are a sure bet and offer high probability trade opportunities. But does this approach really work? In this article I will do a thorough analysis of the data to prove if this method really stacks up.
Bollinger bands actually comprise three separate indicators and each tells you something about the price activity at a current point in the chart. This article looks at the Bollinger indicator, what each component of the indicator means.