Trading the SPOOs with Patrick Slevin! Message Board

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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: fut_trade who wrote (6881)	10/4/2001 9:26:42 PM
From: Patrick Slevin	Read Replies (1) of 7434

To tell the truth I never had much I could do with BBands either but I know others that use them well. What I was thinking about doing is signing up for a seminar John Bollinger is supposed to be giving in NYC at the end of this month. Now, I may learn nothing, I don't know. A friend went to George Lane's class on relative strength and decided Lane was of no help. However, he decided on his own method of using relative strength and it makes money for him. Go figure. Anyway, I've never been to a seminar that did not help me in some way so I may try it. Pretty much I stick to a combination of several things. Aside from patterns I use my friend's relative strength methods as well as MACD and Moving averages. But I'm a hit-and-run trader and what works for me may not work for the next person. I guess if I tried to incorporate BBands I would consider what you are saying about the parameters but then use the other indicators to decide if I should get out. Therefore, the Stops would be much tighter as a rule. Well, we all learn as we go in this. main reason for wanting to go back and look at old data was to try to understand the system Actually, I hit on something many years ago and I keep coming back to it. If you think Bollinger is out there you should try Welles Wilder. I learned one of his techniques around 1984 or so and came back around 1991. Then again around 1995. It's a screwball system but it's the only thing that seems to work for me......probably because it's simple as hell. Basically, you figure out the "pattern" of the day before the Open. If it trades the pattern you go with with it.....if not, you go play golf. My handicap dropped 5 stokes this summer. I did not make a lot of money trading, but then I did not lose either.

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