This is my first post at at Elete. I'm a beginning swing/daytrader. I subscribe to Tradingmarkets.com so alot of my learning has been from Dave Landry and Kevin Haggerty.
Yesterday in his commentary Haggerty mentioned a "volitility band play in the SMH" that was a layup. While I have a sence of what this means could someone clarify or post a link to information on volitility bands for daytrading.
I'd like to know how you calculate the volitility band for a stock and entry/exit rules.
There are moving average bands, but they don't track volatility. The only thing I can think of that he might be referring to would be Bollinger Bands, as they expand and contract based on the stock's volatility.