IVT, I assume you are saying that crossovers are of no value. Something that shows vols at say a high or low percentile would be more reliable to trade off of?
my "out".....is that the same term pro's and most novices use when they exit....called "the exit"????? just curious..
not really. Since 2001 stocks slowly drifted from upper percentiles to lowest , second or third. Where would be your entry point to go long on vols ? At fifth , third ? You would of lose a lot of money. Even the lowest percentile is not safe , because any entity can build a lower lows. Also , would you short the "inflated"/of the chart vols one day before FDA hearings ? Its all case by case
Federal Reserve Paper finding support resistance to be real in the currency markets. http://72.14.209.104/search?q=cache...pport+and+resistance&hl=en&gl=us&ct=clnk&cd=8 And while I was making hundreds of thousands of dollars,and hundreds of precent returns per year in up and down markets -- trading stocks against a moving average while comparing them to the s&PS in relation to that same moving average, I thought I was doing technical analysis. Later, when academia got involved in the field and brought some legitmacy to it, I learned what i was really doing was "arbing" or looking for mispricings.
for a printable verison of Jem's link. http://www.newyorkfed.org/research/epr/00v06n2/0007osle.pdf Ineresting read, thanks. Bsulli
There is never a good excuse to be mean ! Look up band trading, Bollinger has some good works on the subject.
Yea I saw what I wrote was kind of harsh. By the way, I think I do have a bit of chip. Because I believed my Econ professors when the taught the emh and said it stood for the fact that no one could make money in the markets. (mid 80s belief) So instead of going to work for some of the hedge fund guys in Greenwich to whom I taught tennis. , I went to law school. Which I suspect cost me a lot of time an money.
HI VST thats the style I like. Can I get the formula somewhere I would have to try to adapt it my software since I don't have/use TradeStation. Charly