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The Bollinger bands will show you volatility contracting in a trendless
period and expanding when the security starts to trend. There are
established trading methods built around this. "Bollinger on Bollinger
Bands" is a good place to start. Otherwise a whole variety of strength of
trend indicators, from the venerable ADX to R-squared to Kaufman's
efficiency ratio (part of the EMA) and the Q&B indicators.
Happy hunting
-----Original Message-----
From: dr torque [mailto:drtorque@xxxxxxxxx]
Sent: Wednesday, March 30, 2005 9:46 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: Re: [Metastockusers] Re: SPY and QQQQ Trading System Charts
thnaks andrew, i recorded the names.
i am holding mcmillan profit with options in my hand now : )
curretly i am not worried about options. it is just a course study for me at
the moment.
i am talking about volatility in our trading charts. maybe it requires a
different name ad definition.
sometimes there is no trend in the market, it goes up and down in a channel.
when the market is treding there is no such movement, market moves in a
direction with a reasoable volatility. then consolidation. after
consoiladtion either contiue with the same trend or the opposite direction.
i woder if we can differentiate betwee the volatilities of these periods
with an indicator.
i know many of the wise people here thinks simply a MA is enough. i just
would like to see something about my hypothesis first. why? because
generally we are thinking about breaking the old high stuff.my senses force
me to think about volatility too for the timing..
we'll see..
cheers.
On Wed, 30 Mar 2005 19:48:21 -0500, Andrew Tomlinson
<andrew_tomlinson@xxxxxxxxxxx> wrote:
>
> Bollinger bands are a place to start - but understand that implied vol
> (i.e. option pricing) doesn't necessarily follow historical. Don't
> touch options until you've read and understood McMillan - Options as a
> strategic investment. And hang around Bernie Schaeffer's site, or
> Optionetics.
>
> -----Original Message-----
> From: dr.torque [mailto:drtorque@xxxxxxxxx]
> Sent: Wednesday, March 30, 2005 6:32 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: RE: [Metastockusers] Re: SPY and QQQQ Trading System Charts
>
>
> thanks for your response. i know it is not an easy question to answer.
>
> i still am not into having varying strategies according to market
> conditions wholeheartedly. but trying to persuade myself.
>
> currently my system is mostly depending on volatility. i read an a
> good options book in barnes and noble for the last couple of days.
> they have listed their strategies for differeing market conditions
> such as bullish, bearish, neutral, volatile.
>
> i would like to think and study a little bit on this issue. how
> volatility changes and is there a practical indicator to approximate
> that.
>
> in scientific journals there are mainly 2 proxies for volatility. one
> is the news release, and second is the trading itself.
>
> we have to think about it. i would appreciate any useful thoughts.
>
> thanks..
>
>
> -----Original Message-----
> From: superfragalist [mailto:jackolso@xxxxxxxxxxx]
> Sent: Wednesday, March 30, 2005 1:39 PM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: [Metastockusers] Re: SPY and QQQQ Trading System Charts
>
>
>
> Volatility is an issue for some types of traders. I tend to take a
> very simple approach to trading and find that the four market
> conditions I've described incorporate volatility into their price
> action. I change my trading rules and methods to fit each type of
> market and therefore, volatility is already accounted for in the
> change in trading rules.
>
> You'll find a detailed discussion of this in upcoming MSTT issues,
> including the indicators.
>
>
> --- In Metastockusers@xxxxxxxxxxxxxxx, dr torque <drtorque@xxxx>
> wrote:
> > superfraga,
> >
> > i understand that your strategies mainly based on the trend of the
> market.
> >
> > what do you think about the volatility? did you consider it?
> periods
> > with volatility or volatiltiy with a trend?
> >
> > what kind of an indicator would you recommend?
> >
> > thanks
> >
> >
> > On Tue, 29 Mar 2005 19:41:41 -0000, superfragalist <jackolso@xxxx>
> wrote:
> > >
> > > I know you boys are busy with conversions and trailing
> stops, but I
> > > just posted the Daily chart of an SPY trading system that's
> going to
> > > be discussed in Roy's newsletter in the month of April. The
> article
> > > will give the code and definitions for all the indicators.
> The article
> > > will have a daily and intraday version of the system. Some
> of the
> > > indicators are unique to the SPY and QQQQ, so this is a custom
> system.
> > >
> > > Roy let me see this and said I could share it with you. I
> took a few
> > > things off of the chart to add a little mystery. You don't
> want to see
> > > the whole movie in the previews!
> > >
> > > For some reason, on the Y axis the ones don't show up in the
> price so
> > > don't panic the SPY isn't trading for $20 a share.
> > >
> > > The name of the chart is MSTT SPY Daily Chart.
> > >
> > > Thanks Roy!
> > >
> > >
> > >
> > >
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