If I wanted to master Bollinger bands how would I go about it? Good
question and the first thing is to understand what Bollinger bands is and what
it measures. The bands are a representation of standard deviations from the
mean, usually 1 to 2 standard deviations.
This alone is rather revealing because when you understand the concept of
reversion you understand that price stays within the 2nd standard deviation
around 85% of the time. You might not connect the dots at this point, but
what you should be concluding is that if price closes outside the 2.0 standard
deviation and IF it stays inside 85+% of the time then there's at least an 85+%
likelihood that price will reverse here. (Potential entry maybe?)   That
said the next step for the observant connoisseur is to develop a rule set for
entry that allows you to enter a trade and exit a trade and capture a profit
most of the time.   Sometimes it might be prudent to adopt an
overbought/oversold criteria for entry thereby increasing the likelihood of a
decent sized move, and at least an initial push in the favored direction moving
price away from your stop and minimizing your risk.   Keep in mind that the
more rules you establish for entry the more likely you are to miss a potentially
profitable trade. As you develop your rule set keep in mind that the most
profitable rule sets have a win/loss ratio, some you will win and some you will
lose.   If you try to get a 100% win ratio your profits will diminish
because of the amount of missed trades. This right here is one of the keys
to your long term success; don't try to find the flippin HOLY GRAIL because it
passes up to many trades - period.   Find a balance between
wins/losses and remain exposed to profits as well as risk, because if you remove
risk you remove the opportunity for exposure to profits.
That said set up your charts and lay down a 1.0, 2.0 and 3.0 standard deviation
over price and you'll get a nice set of bands that will allow you to watch price
and create a rule set. Start out with a 2.0 standard deviation method and
go from there. 
You might consider any close beyond 2.0 standard deviations where a slow
stochastics is in the favorable overbought/oversold condition giving off a buy
or sell signal. If you're going long draw a line at the high of that
trigger candlestick and enter as soon as price crosses or closes beyond that
high.   There are a number of variations but this should get your thinker
going. Bollinger bands are an awesome tool for any type of trader. If you
aren't using them now then you are missing out on a view of price you
won't see with any other indicator.  

The Right Candlestick-Reading Techniques: http://fxcdmev.blogspot.com/#