East or West, home is best. (English proverb) A hungry stomach makes a short prayer. (Native American proverb, Paiute) Man's schemes are inferior to those made by heaven. (Chinese proverb) He who has money and friends, turns his nose at justice. (Corsican proverb)
Trading the Bollinger Bands (Squeeze) Bollinger Squeeze is a trade setup by John Bollinger, using his very own Bollinger Bands. Bollinger Bands is a channel formed by two vertically displaced moving averages: one displaced upwards by two standard deviations and one displaced downwards by two standard deviations.
As we know from using Bollinger Bands, a squeeze where the bands converge into a narrow neck often precedes a rapid rise in volatility. A Bollinger Band squeeze is highlighted by a fall in the Band Width indicator to below 2.0%. Bollinger claims that a drop below 2% on the S&P 500 has led to many spectacular moves, but warns that the market often starts with a fake move, in the wrong direction, before the real move commences.