E-mini S&P Trade Bands

i get the implied Volatility from http://www.ivolatility.com/

the link below has a little info on it and you will have to go to tradingmarkets.com for Kevin Hagerty info.

http://hamfon.com/daytrade/vband.htm

Included below is an example of the V-bands I captured from my spread sheet into a JPG with updated numbers. I havent been using the VB in my trading in a long time but ask anyone who has studied Kevin Hagerty Knows what a great tool they are.

Hope this helps

Lotus 7
 

Attachments

Just for fun, here is the VB for GOOG the IV is at 38.78% WOW and for those who wont click on an attachment the spx below that.............


____________________________________________________

Stock: GOOG

Call Implied Volatility = 38.72% Average Volatility = 38.78%
Put Implied Volatility = 38.83%
Closing Price = $368.7500



Probability SD Price bands
95 2.00 383.72
87 1.50 379.98
80 1.28 378.33
68 1.00 376.23
close 2/18/2005 $368.7500
68 1.00 361.27
80 1.28 359.17
87 1.50 357.52
95 2.00 353.78
__________________________________________________


Kevin's Volatility Bands

Stock: SPX

Call Implied Volatility = 9.41% Average Volatility = 9.83%
Put Implied Volatility = 10.24%
Closing Price = $1,287.2400


Probability SD Price bands
95 2.00 1300.48
87 1.50 1297.17
80 1.28 1295.71
68 1.00 1293.86
close 2/18/2005 $1,287.2400
68 1.00 1280.62
80 1.28 1278.77
87 1.50 1277.31
95 2.00 1274.00

___________________________________________________

Lotus 7
 
I also use Kevin Haggerty's implied volatiliity band for trading ES... but assigning probability to the band are just plain wrong because market returns are NOT normally distributed. Some day the market will blow thru all levels and other days will give great entry. Have your stop ready! I don't quite remember any entry recently though.
 
Quote from xxxskier:

[
Not bening an Ensign user I'm curious how Ensign's Universal template uses MP concepts....does the template use price TPOs or volume or a combination of price/volume to determine levels?

I'm using eSignals MP add-on and am looking for other ways to chart MP.

thanks.



Actually, The Universal template is a complete trading system created and posted on dacharts by a gracious Ensign user who wanted to share it with others. It has nothing to do with Ensign other than the author uses their charts. He also provides a Universal Trading System EFS for eSignal as well.

Ensign, however, does have a built-in chart study called Price Histogram which is comparable to eSignals Market Profile. Either Price Histogram or Market Profile is a component used in the Universal trading System depending on which charting package you are using.

As for Ensign's method, the study can use either price, volume, or candle body (open/close) and is highly customizable with nothing more than a simple checkmark or drop down window. IOW, no re-writing of any code and you can see the effects immediately.

In addition, I believe Jerry Medved posted recently that he was implementing something similar to MP in Quotetracker in the near future.

Hope this helps.

st
More...
 
Marty,


Quote from martys:

I also use Kevin Haggerty's implied volatility band for trading ES... but assigning probability to the band are just plain wrong because market returns are NOT normally distributed. Some day the market will blow thru all levels and other days will give great entry. Have your stop ready! I don't quite remember any entry recently though.
More...


I just posted the Volatility bands to help. I belive each trader who has or will study Hagerty, needs to come to there own terms with the use of the bands. I have always used the VB on the cash market. The VB are not used of and by itself, always in conjunction with other set-ups.

I don't want to get to far off topic here, and make this a Hagerty thread.

Besides I am not sure this is what the original poster is looking for to begin with.

Namaste

Lotus 7
 
tnc,

Quote from tnc$ddc:

I day-trade the S&P E-mini Futures. I understand that the large brokerage firms and the professional traders usually have significant "buy" and "sell" numbers (trade bands) that they look for and aggressively trade off of during the day. The trade bands I've seen usually consist of two "buy" numbers and two "sell" numbers, used for either trade initiation or profit targets.

I have been able to compute bands that come close to the numbers they use, but not close enough.

Does anyone have any formulas they would be willing to share that may be used daily, to get me a little closer to the numbers the pros use?

Thanks, in advance, for your help.
More...

something else you may want to look into is the book Sniper trading by "George Angell" George has many formulas of buy and sell numbers and writes in detail how he uses them. If you ask me, the book is very well done. FWIW

this should keep you busy for a while is you are serious.

otherwise i am wasting my time posting...... LOL

Namaste

Lotus 7
 
Namaste:

Thanks for the reply.

The numbers I'm looking to compute are "buy" and "sell" numbers (two of each) that I receive daily in a subscription I have with Trending123. I also receive daily "buy" and "sell" pivot numbers (two of each) from Mohan, at 21st Century Futures. Mohan's numbers are sometimes close to the numbers I receive from Trending, but not as accurate.

The numbers are calculated at the end of each trading day, for use the following day, usually by "Position Traders". They consist of two "buy" numbers and two "sell' numbers. They do not change during the day. One of the numbers is usually hit during each trading day.

For instance, if the market is having a down day, the majority of the time the first "buy" pivot will be hit and the market will usually do an immediate turn. If the market does stall and then continues through the first "buy" pivot for more than one point (doesn't happen often), it will almost certainly hit the second, and turn. Just the opposite for up days.

These numbers are deadly accurate, and seem to be obvious, daily targets for the "big boys".

They are most often different than the daily numbers used by most traders (Floor Pivots, MM, BB, Keltner, S/R, etc.).

I have tried to reproduce them, using every formula I can find, but have been unsuccessful. I approached this forum to see if maybe someone had suggestions using formulas I've not yet discovered.

I have not, but I will check out George Angell's book. Thanks for the suggestion.

Any help is greatly appreciated.
 
ahhh...a noble quest sir. Without seeing the levels and attempting my hand at reverse-engineering them, I simply do not know...


Quote from tnc$ddc:

Namaste:

Thanks for the reply.

The numbers I'm looking to compute are "buy" and "sell" numbers (two of each) that I receive daily in a subscription I have with Trending123. I also receive daily "buy" and "sell" pivot numbers (two of each) from Mohan, at 21st Century Futures. Mohan's numbers are sometimes close to the numbers I receive from Trending, but not as accurate.

The numbers are calculated at the end of each trading day, for use the following day, usually by "Position Traders". They consist of two "buy" numbers and two "sell' numbers. They do not change during the day. One of the numbers is usually hit during each trading day.

For instance, if the market is having a down day, the majority of the time the first "buy" pivot will be hit and the market will usually do an immediate turn. If the market does stall and then continues through the first "buy" pivot for more than one point (doesn't happen often), it will almost certainly hit the second, and turn. Just the opposite for up days.

These numbers are deadly accurate, and seem to be obvious, daily targets for the "big boys".

They are most often different than the daily numbers used by most traders (Floor Pivots, MM, BB, Keltner, S/R, etc.).

I have tried to reproduce them, using every formula I can find, but have been unsuccessful. I approached this forum to see if maybe someone had suggestions using formulas I've not yet discovered.

I have not, but I will check out George Angell's book. Thanks for the suggestion.

Any help is greatly appreciated.
More...
 
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