Bollinger on Bollinger Bands (Hardcover)

~ John A. Bollinger (Author) "Over 80 years ago, the physicist Albert Einstein introduce his concept of relativity..." (more)
Key Phrases: throwback rally, volatility cycle, percent filter, Bollinger Bands, Accumulation Distribution, Intraday Intensity (more...)

Editorial Reviews

Review

Get the word from the Master! ... the indicator discussion is heaven for tech junkies. -- John Sweeney, editor, Technical Analysis of Stocks & Commodities

John explains the Bands in detail, from the Squeeze to the Walk to the relationship between Bands and other indicators. -- Steve Achelis, Author of Technical Analysis from A to Z

This book is a wonderful, easy-to-understand explanation of his famous baby. -- Bill Griffeth, CNBC TV Anchor

Product Description

John Bollinger is a giant in today's trading community. His Bollinger Bands sharpen the sensitivity of fixed indicators, allowing them to more precisely reflect a market's volatility. By more accurately indicating the existing market environment, they are seen by many as today's standard--and most reliable--tool for plotting expected price action.

Now, in Bollinger on Bollinger Bands, Bollinger himself explains how to use this extraordinary technique to compare price and indicator action and make sound, sensible, and profitable trading decisions.

Concise, straightforward, and filled with instructive charts and graphs, this remarkable book will be essential reading for all serious traders, regardless of market. Bollinger includes his simple system for implementation, and techniques for combining bands and indicators.

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Product Details

• Hardcover: 288 pages
• Publisher: McGraw-Hill; 1 edition (July 27, 2001)
• Language: English
• ISBN-10: 0071373683
• ISBN-13: 978-0071373685
• Product Dimensions: 24 x 24 x 24 inches
• Shipping Weight: 5 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (34 customer reviews)
• Amazon.com Sales Rank: #18,424 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

118 of 119 people found the following review helpful:

5.0 out of 5 stars Excellent...on an Absolute and a Relative Basis, December 11, 2001

By	D.T. Fitz "second-son" (Sacramento, CA United States) - See all my reviews

I've been trading for a living for more than 5 years, and am now a frequent commentator on a major financial website. As a student of the market, I became familiar with Bollinger Bands very early in my career. I thought I knew how to use them, and ALWAYS looked at them as a reference before entering any trades. However, after reading this book, I realized that I was just barely skimming the surface of this important indicator. I've read it 3 times, and all the margins are now marked up with notes.
The most striking revelation to me was the difference between "absolute" and "relative" readings -- in other words, how a stock could make a new high on an absolute level, but actually be a failure in reference to the upper Bollinger Band. This simple, yet elegant, idea has had a profound effect on how I view price action, and I find that my other technical indicators are much more revealing when viewed in this context. The book is infinitely readable for both novice and seasoned investors, and there is also enough math and statistical data to satisfy most geeks. Mr. Bollinger also discusses various other indicators that can (and should) be used in conjunction with Bollinger Bands.
Remarkably, Mr. Bollinger also supports the content of his book with a free website .... You can use all the indicators he highlights inhis book, and customize them according to your own parameters. It's basicallyan "on-going continuing education" program. Nice to finally see somebody primarily concerned with teaching rather than self-promotion and profit.
The bottom line is this: If you want to learn how to increase your performance in both trending and non-trending markets, this book is a "must-read." It is NOT a trading system; rather, it is an excellent and insightful dissertation on the proper usage of Bollinger Bands. In the current sideways market environment, Bollinger Bands are more useful than ever. No serious trader/investor should be without this book.

46 of 48 people found the following review helpful:

5.0 out of 5 stars What The Doctor Ordered, August 26, 2001

By	Dr. Joe Duarte "J. Duarte www.joe-duarte.com" (Dallas, TX USA) - See all my reviews

A quiet, well paced, unassuming power house of history, insight, and trading experience all rolled into an easy flowing, unpretentious read. Bollinger manages to teach us about his indicator, and about the market itself without shameless self promotion or hype. Bollinger on Bollinger bands is what this market needed, a clear, concise and useful tool for investors to use to provide balance in a chaotic time. As a financial writer, and money manager, who uses Bollinger Bands on every trade, I found that the book gave me new ways to not just trade, but analyze the market and decide when not to trade, which is where the difference between success and failure is often deciced. The book is written in a fluid, easy to digest manner, which gives the reader room to sit back and ponder between chapters. There are clear, one sentence summary statements after each section, which pull the material together quite well and reinforce the main points. Other useful aids include a pull out reference card with statistical formulas and reference charts. The best thing is that Bollinger, a bona fide market guru, doesn't take himself too seriously. He humbly admits that trading has a great deal of uncertainty, and does not tout his own fortunes as a result of his indicator. The book can also be read as a nice historical piece, which begins with the nostalgic foreword by CNBC's Ron Insana about the old FNN news room, including a classic anecdote about the late Ed Hart, who for all of us who knew FNN could only bring a smile. Thanks John.

24 of 24 people found the following review helpful:

5.0 out of 5 stars If history has taught us anything..., December 18, 2001

By	G. Shkodra (Montreal, Canada) - See all my reviews (REAL NAME)

...is that it continually keeps repeating itself. And Bollinger Bands are one of the tools helping you notice it and profit from it.

If you think you know everything about BB you'd better not say it too loud before you read this book. Being myself a mixture of day-swing trader I have to say it helps a lot, although I look at other tools before entering or exiting a trade. But if you are a position trader or a mid-long term investor, I think the BB are a valuable tool at your disposal. You're not going to make a killing only by using this tool, but if you combine the BB with other tools such as simple or exponential moving averages, volume, RSI and/or momentum and accumulation/distribution, you have much better chances of being financially more independent.

The most part of day-swing-position trading and mid-long term investing book authors tend to make things seem much more complicated than they are (I suspect they do it on purpose-to make you feel foolish or to make you think they are geniuses?). Well, John Bollinger's book is very simple to understand, and it's exactly the simplicity in explaining somehow difficult tools and theories that I like the most.