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Standard deviation (also known as sigma) is the most common statistical measure of variation in data sets. Assuming a normal distribution (i.e. like the bell curve), 1 sigma (1 standard deviation) will include 68% of the data points. 2 sigma will include 95% of data points. If you set...

I see your short entry is .75 below today's LOD. Is that your normal margin to avoid getting trapped in a fake breakout? Thanks for your reply to my question about establishing the long entry. Makes sense (with proper judgement :) ).

Nice straightforward approach, 4re. Certainly meets fulfills the KISS principle. Your short entry limit was clear (yesterday's low). How did you determine today's long entry level? I saw the chart, but it wasn't obvious to me. Do you use volume clusters, or just a recent high (i.e...

GlennJohnson - They are similar in that they both provide trading channels, however, they are calculated differently. BBs are calculated from the standard deviation of prices, and KCs are calculated from the Average True Range of prices (courtesy of Welles Wilder). In practice, BBs...

Actually, I'm not a Jack Hershey/Grob109 detractor at all. I was merely pointing out the facetious nature of Hypostomus' post because he is quite single-mindedly a JH critic. Actually, I have spent quite a bit of time trying to understand JH's writings, which can be quite obscure at times...

Warning. Hypostomus' post is filled with sarcasm, not apparent to the ET newbie.

Truff - Which broker are you working through on the Ninja/Zen Fire set up? Sandy

Yes, mine froze for about 2 minutes as well. Then after it got going again, the data on the DOM was delayed by about 5 minutes for the next 30 minutes (making it totally unusable for trading). Data didn't match up with my chart datafeed (MyTrack feed for SierraChart) until about 14:45. I...

Geez, you must have a big following in Europe. They started plunging a few hours after you posted your latest prediction. Dow futures are now down 60 of your predicted 200 point drop.

ATSTRADER - Are you referring to keeping a running total of net "volume", where volume of each trade is added to a running total if conducted at the ask (i.e. buyer initiated transaction) and subtracted if conducted at the bid (i.e. seller initiated transaction)? If so, how do you have...

Does anyone have any experience with this PCMCIA adapter from Villagetronic to have a set-up with 4 monitors off a laptop (2 through the PCMCIA, 1 through the external VGA connection and the internal laptop screen)? www.villagetronic.com Just curious if the set up works well for mulitple...

The "staff's" goal is $100K per day. They hit it almost every day. We've seen them do it for months (including their "footprint" on the tape action in the first bullseye of the morning). He established the staff to follow his rules for trading because they can trade his money (not sure if...

Have you looked at using a similar method based on volume rather than ticks?

Buy1Sell2 - Pardon my ignorance, but could you enlighten me as to the definition of "OB OS" with options? Thanks. Sandy

Here's what I found in looking at the last 4 weeks of 30 minute candles (regular hours only and assuming no trades were entered after 3:30): 3/14 10:00 Stopped out -1 3/14 12:30 Stopped out -1 3/16 11:30 Stopped out -1 3/17 12:30 Stopped out -1 3/29 11:30 +3 3/31 10:00 stopped out...

KC - Nice performance today. I too find it better to catch turns in the market (with a good risk management system) rather than trying to determine when trends are occuring and how long they'll keep going (especially in the ES). Would you mind explaining a bit more what you mean by...

That was awesome kowboy! Made my day. :D

Mr. Little - Is that equity curve with the ES, or another instrument? Thanks. Sandy

Pitbull - Keep up your babbling. I'm sure many of us appreciate your insights very much. Thanks for your contributions to this thread. Sandy

So, CNMS2 and manz66, do you use this New Moon Soon software and find it helpful and accurate?