jab, I call myself a freelance trader, which basically means I don't have allegiance to any investment mindset, other than the ones that work.
I have been trading around 4-5 years and naturally enough came acros BB early on. Not being aware of the fact that you were active in the trading community I played around with BB's myself and reinvented the wheel on things like Hurst's differing envelopes (as shown in your site tutorial), the squeeze, difficulties with fake breakouts etc so it is interesting to me now to see that you addressed those issues in detail yourself. The difficulties I had there put me off using BB's directly, although the underlying concept of dynamic bands/volatility etc influenced me greatly (I did succumb to the myth that tagging the band is 'the signal' and also I didn't feel comfortable that I had mastered the breakout from the squeeze). I have used smoothed StDev bands as dynamic stops etc and privately I am pushing the boundaries on dynamic trading, including dynamic bands. BTW my area of speciality is in system evaluation,specifically root cause evaluation, the propogation of variance (error) and variance as risk etc (I found that Pardo,and those who followed him, left plenty of gaps in our knowledge, in that area). Back to your efforts. I like your work and that it is focused on dynamic, adaptive techniques and that you believe we should "let the market set the bandwidth (indicator)". Plenty of traders have come unstuck trying to force their structured theories onto a dynamic market. Now that I see that you have explained your methods in more depth I will play catch-up. Since "Bollinger On Bollinger Bands" was written in 2001 is it still the best place to start to get an understanding of your core ideas? > I think that the most interesting work involving %b is in the area >of > machine-based pattern recognition. %b gives you the ability to > rigorously define patterns and test them for effectiveness. Do you discuss auto-pattern recognition in your book or have you published on that topic anywhere? Congratulations on a great contribution to TA. I hope there is more to come. brian_z --- In [email protected], "John Bollinger" <[EMAIL PROTECTED]> wrote: > > --- In [email protected], "brian_z111" <brian_z111@> wrote: > > > > Hello John, > > > > Thanks for that. > > > > Simple but effective. > > If you don't mind me saying, I think I prefer %b to BB themselves. > > > > I see you include the equation in your tutorial section. > > > > http://www.bollingerbands.com/services/bb/?page=5 > > > > > > Any tips on how to trade %b? > > > > BB (also known as brian_z) > > I think that the most interesting work involving %b is in the area of > machine-based pattern recognition. %b gives you the ability to > rigorously define patterns and test them for effectiveness. > > Good trading, > > jab > www.bbands.com >
