Recent content by protradingsys

This is the thread that people discuss trading the open. I was new to posting on here and I apologize if I broke any of the 'rules'. Anyway I signed up for this about a year ago and unlike buying a car I never read the 'small print' for an online forum which I thought was about discussing...

LOL. Don't know what else to say to the above. Yes it is useful in the Keltner channels but again these are not bollinger bands or keltners. I've posted many examples which show what a 'typical' band looks like. Ours do NOT change during the day. Well I guess Kevin Haggerty who used...

They are not random at all and do require an additional data source to calculate. Like any other indicator they do not always work but they do work as often as pivots and the reversals from these levels are usually much greater than S1 or R1. I have posted Monday's levels, you are free to...

Here is the last 6 trading days Probability Bands for Dow Jones. On 5/7 Small bounce of of 88% pLow. On 5/10 First major low made at 95% level, which held two other times for nice scalps. On 5/11 Narrow range day, no levels hit. Note: Tony Crabel wrote a wonderful book on volatility...

Here is the last 6 trading days Probability Bands for S&P500 using the SPY symbol. On 5/7 Low was made and held 3 times at the 88% pLow. On 5/10 Low was slightly lower than 88% pLow which held on second and third test. On 5/11 High was the 80% pHigh which held twice. On 5/12 Low...

As I have said before, I didn't create these bands and I personally don't think they are even our best feature, however they do work and can enhance most people's trading. My original post was meant to open discussion of probability bands and their uses. I have read many of the discussion...

Wrong. Most of the bands you are referring to are offset from a simple moving average of intraday price movement. The pivots are based on the average of the High/Low/Close and sometimes the next morning opening and the S1,S2,R1, and R2 levels are projected off the pivot based on the previous...

Steve I totally agree with you. You can have the best system in the world and your fear of loss or greed can cause you to not execute it properly and lose money. Probability bands are not a guaranteed way to make money in the markets, nothing is. They are simply ONE more tool which can...

Hello, Here are the Probability Levels for tomorrow Monday May 17th, 2004. 95H= 95% Probable High 88H= 88% Probable High 80H= 80% Probable High 65H= 65% Probable High 65L= 65% Probable Low 80L= 80% Probable Low 88L= 88% Probable Low 95L= 95% Probable Low Please Note: Many...

I could post 50+ charts every day where stocks or indexes/sectors bounce right off these levels. I didn't invent them and most traders do not even know what they are. I first learned about them in a Kevin Haggerty course and he used them while trading for Fidelity. I believe one of the...

The software I use just has these probability band levels for the S&P, Nasdaq, and Dow, all major sectors, and 1,400 of the most commonly traded stocks. I suppose you could calculate these on any instrument if you had the previous day's closing price and its volatility.

On Friday when I saw the Semis hit the 65% probability low band I looked at my list of Semiconductor stocks and noticed MXIM was also near its band on lower than average volume (MXIM traded 80% of its avg 10 day volume). I usually trade with the trend but if I see an opportunity for a low risk...

Actually these bands are totally UNLIKE Bollinger, Keltner, etc. Most bands that traders use are based on a moving average and the 'bands' are projected above and below them. For one, these bands are only calculated once per day based on YESTERDAY's closing price and each stock, index, or...

Hello Everyone, I have searched through many threads and can not find anybody else who trades using the Probability Bands. These are the levels based on each stock or indexes volatility and discussed by Kevin Haggerty in his trading manual. They give the trader various standard deviation...