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Hi, jseed.
The basic idea is to buy at the lower, short at the upper. The moving
averages are in the chart, but they're not really related to the B band
system. Heck, there ain't nothin' new, complicated or mind-boggling about
that.
And if it doesn't work for the skeptics, fine, it doesn't work. Who rilly
cares? I don't. Takes all sorts to make a market, as they say. I'm sure not
going to set out to prove that anything works. It's just an idea that's
worked for me. Price-Waterhouse will audit the results, using accepted
accounting practices, when the authorities start requiring that on mail
lists. The lunatic fringe can then go over the results, and move beyond
price, volume and simple moving averages (with a few lessons in arithmetic,
pointing and clicking, reading software manuals, and working quietly, to get
them nicely started).
Brooke
----- Original Message -----
From: j seed <jseed_10@xxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, August 09, 2000 4:52 PM
Subject: Re: Bollinger Bands & Formula Monkeys
> Brooke,
> Thanks for the gif.! That was a tiny pic but I was able to distinguish
what
> you were doing. Appeared that you had 3 moving averages on the chart as
> well. I wasn't sure about what part was proprietary. Was it your signal or
> the MAs? Either way you've found something that works and that's GREAT!
> Congratulations on a successful trade.
> J.
>
>
> >From: "Brooke" <brookelise@xxxxxxxxxxxxxx>
> >Reply-To: metastock@xxxxxxxxxxxxx
> >To: <metastock@xxxxxxxxxxxxx>
> >Subject: Re: Bollinger Bands & Formula Monkeys
> >Date: Wed, 9 Aug 2000 16:00:02 -0400
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> >
> >iseed:
> >
> >With the daily interval for AMAT, for example, the Boll. band system was
> >consistently profitable for a period of 2 years. In fact, there wasn't
one
> >losing long trade, and that's with no stops. There were two losing short
> >trades, and yet even the short trades as a whole netted a profit. I can
> >think of worse systems.
> >
> >Here's the latest entry signal, at the lower B band (yellow). There's a
> >percentage formula for getting in, but it's proprietary, as it were. See
> >that beautiful bounce? That comes from buying at the lower band. Yes
> >indeedy. Don't work was made to work, I guess.
> >
> >
> >
> >
> >----- Original Message -----
> >From: j seed <jseed_10@xxxxxxxxxxx>
> >To: <metastock@xxxxxxxxxxxxx>
> >Sent: Wednesday, August 09, 2000 3:38 PM
> >Subject: Re: Bollinger Bands & Formula Monkeys
> >
> >
> > > Lenny,
> > > Maybe a picture would prove your point. Could you send a gif of the
> >trades?
> > > J
> > >
> > > >From: ROSOW@xxxxxxx
> > > >Reply-To: metastock@xxxxxxxxxxxxx
> > > >To: metastock@xxxxxxxxxxxxx
> > > >Subject: Re: Bollinger Bands & Formula Monkeys
> > > >Date: Wed, 9 Aug 2000 11:00:26 EDT
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> > > >From majordom@xxxxxxxxxxxxxxxxxx Wed Aug 09 08:27:58 2000
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> > > >
> > > >Doug,
> > > > First of all I witnessed Brooke make those trades using
Bollinger
> > > >Bands
> > > >in real time. It pays, in more ways then one, to be open minded
before
> > > >making
> > > >carte blanche statements such as the ones you have made. And second,
> >you
> > > >need to take a look at yourself in the mirror because it seems you've
> > > >become
> > > >a "Formula Monkey" yourself! And I quote "Draw some
support/resistance
> > > >levels, a few trendlines, and an oscillator (i.e. stochastic) for
> > > >overbought/oversold." What the heck do you think stochastics are
> >derived
> > > >from? Thin air? By the way, love to see how great Oscillators work
in
> >a
> > > >TRENDING market, you know sell when it crosses 80 while the stock is
> > > >trending
> > > >up, yikes!! - Lenny
> > > >
> > > >In a message dated 08/09/2000 6:38:42 AM Pacific Daylight Time,
> > > >brookelise@xxxxxxxxxxxxxx writes:
> > > >
> > > ><< I made a few bucks trading some tech stocks off the lower B band
> >last
> > > >week
> > > > and this week, Doug (for example AMD, AMAT and CSCO). And what's
> >more,
> > > >the
> > > > trades were based on a system that makes consistent profits. The
> >signals
> > > > were plain as day.
> > > >
> > > > -- A Formula Monkey
> > > >
> > > >
> > > >
> > > >
> > >
> > >
________________________________________________________________________
> > > Get Your Private, Free E-mail from MSN Hotmail at
http://www.hotmail.com
> > >
>
> ________________________________________________________________________
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