Probability Bands

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steve46,
thank you you beat me to it.:D
that just goes to show you that im not the only one around here who can right thru the smoke & mirrors of this guy.
dont come on ET like you have some secret holy grail and then say oh by the way i did not create this its just rare and few people know about it.

again i repeat there is nothing new under the trading sun.:p
 
Quote from Cutten:

Just repeating in case you missed it, Guardian Angel.
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Cutten,
the use of bands for trend following is no new concept either.
all your doing is trading in the direction of the longer term trend and using the extreme oversold levels as confirmation on your price bands. duh.

p.s. the 'duh' was for the creator of this thread and not you Cutten.:)
 
Quote from protradingsys:

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 to run Fidelity is full of BS. LOL.



Go ahead, post the probability band formula. The formula is worthless without the volatility data and on 1,400+ stocks it costs $840/mo. Haggerty sells these bands for $150/mo. I used to manually calculate them every day for the S&P's, NASDAQ, Dow and about 14 sectors, it is a royal pain to do so. Imagine how much time it would take to manually calculate 1,400 stocks probability bands each day and draw them on 1,400 stocks.

The fact is few people know about these bands and that is one of the reasons I decided to post here. Guardian Angel definitely doesn't know the formula as they have nothing to do with Average True Range or moving averages or keltners. And even with the formula its too much work to do every day. Even though they worked I often didn't calculate them do to getting into the office late (lived in California at the time).
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again as i said there is nothing new under the sun.
now that we have exposed your secret what are you going to say now? that the website that was posted is in error?

you still don't get it do you?
price bands are price bands are price bands are price bands.
it does not matter whether or not you use Bollinger or pivot points or sigma bands it all comes down to a matter of preference and one band is not supperior or inferior to the other.

sorry to burst your bubble protradingsys but the secret is out.:p

p.s. i warned you did i not?
respect this site and pay Baron for advertisement privaledges.
 
This thread is closed. If Pro Trading Systems would like to promote and advertise further they are welcome to contact Baron and sponsor a forum.
 
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