Bollinger are useful on sideways markets since they kinda acts as support and resistance.... Anything beyond that I dont know na since basic lang alam ko sa technicals.
Doc Joey, it's not a problem if you took out the bollinger bands. You can always bring them back if you want to.
Anyway, bollinger bands are another set of indicators to help us confirm if prices are consolidating or about to move. When the bands narrow, those who follow the BB (not bearbull), are anticipating a breakout or breakdown. If the prices breach the bands, prices are expected to continue to move in that direction.
So you could use this as another confirming factor aside from the ones from the basic class.
BTW, I think this is the best place for me to put my own watchlist for the week. It's not as comprehensive as Val's but I will put down my supports, resistances, targets & cut loss prices to give us a guide.
