cropped FXNotesIcon

Bollinger Bands

Picture of Luca
Luca

Table of Contents

Introduction

Volatility Tells the Truth Before Price Moves

Price doesn’t expand out of nowhere, it builds pressure first.
Periods of low volatility compress liquidity,
and that compression always precedes expansion.

Bollinger Bands reveal that buildup.
They visualise when the market is balanced,
when it’s accumulating liquidity,
and when Smart Money is preparing to drive displacement.

What Are Bollinger Bands?

The Definition:

📊 Definition:

Bollinger Bands consist of three lines. 

A moving average in the middle, and two outer bands that represent standard deviations of price volatility.

In simple terms:

  • Middle Band: 20-period Moving Average (the mean).

     

  • Upper Band: Mean + 2 standard deviations.

     

Lower Band: Mean – 2 standard deviations.

💡 VWAP = True institutional fair value.

The price that represents consensus of volume.

Smart Money Perspective

Retail traders often use Bollinger Bands to “buy the lower band” and “sell the upper band.”
But Smart Money understands what the bands actually show:
liquidity concentration and volatility buildup.

Bollinger Band Behavior

Retail Reaction

Smart Money Interpretation

Bands tighten

“Market is quiet.”

Liquidity is building — breakout setup forming.

Bands expand

“Volatile, stay out!”

Smart Money delivery — displacement phase.

Price touches upper/lower band

“Overbought/Oversold.”

Liquidity collected — wait for confirmation.

Bands flatten

“No trade.”

Accumulation or mitigation zone.

💬 Smart Money uses the bands to time volatility, not direction.

How Bollinger Bands Work

Bollinger Bands act as a dynamic volatility envelope.

  • Bands widen when volatility increases → expansion phase.
  • Bands tighten when volatility decreases → accumulation or compression.
  • Price hugging the bands indicates trending strength.

 

Sharp rejection off bands hints at reversion or manipulation.

📍 Every expansion starts from compression,
and Smart Money watches for that squeeze.

Example

Bollinger Bands in Action

1️⃣ Price trades sideways: bands narrow tightly.
2️⃣ Liquidity builds above highs.
3️⃣ Price sweeps upper band → fake breakout.
4️⃣ Sharp displacement follows: bands widen dramatically.
5️⃣ Price retraces to the midline (mean) → continuation.

💡 Bollinger Bands confirm when energy leaves accumulation and enters expansion.

The Do Nots

Common Mistakes Traders Make

❌ Treating bands as fixed support or resistance.
❌ Ignoring liquidity buildup during compression.
❌ Entering on the first breakout without confirmation.
❌ Forgetting to use structure and displacement alongside the bands.

💡 The bands show potential, your structure confirms it.

Final Thoughts

Bollinger Bands visualise the rhythm of volatility,
this is the heartbeat of market intent.

They show when liquidity compresses,
when manipulation begins,
and when Smart Money drives the breakout.

Use them not to trade the edges,
but to recognise when the market is loading its next move.