KIY, "Maybe over the week end you could share some thoughts on why/how you pick your Bollinger parameters."
The question should have been stated as - Does one just set several different Bollingers (10.1 or 10.2 or 20.1 or 20.2) and pick the two or three that seem to fit the volatility (constrain price) of the ticker, and then delete the rest?? I thought your answer would be yes, BUT, wanted to confirm your answer.
Many things that seem obvious to me, are not obvious to other people, AND, many things obvious to other people are not obvious to me, so I ask a lot of questions to confirm or non-confirm my understanding of a concept/situation/circumstance.
Just now I went back and reviewed a note that you wrote to me a while back -
" Signal is generated when (1) a reaction is obtained from price re-entering BB10.1 (upper band), AND (2) price going below EMA 3 on daily.
Bollinger band one deviation is what I showed Ziko along with the grail averages...they frequently trigger at the one deviation and sometimes it causes a big price move...Averages trigger as the one deviation band gets crossed...I said this is program trading getting triggered here...algoBots...HFT...Bollingers are an algorithm its obvious at the one deviation (BUT nobody talks about the one deviation; same rules apply here as the rules on 2 standard deviations and if you look you too can see the triggers...that's all there is to it...I see 30 minute have some significant triggers also at or very near the +/-100 CCI signals lines...but its not as predictable like the one deviation band...and grail averages...and if you use intraday signals on at the one deviation band expect more false signals...I don't use the bands for anything but to walk price and signals up to the daily chart signals...you are really front running the daily;;;only HFT RoBoTcrooks can front run intraday charts.
As far as the 3EMA..I can trade 3EMA and no other indicators...period...price has to fall below 3 moving to even get the average to start to turn...its a trigger that gets the attention as it (PRICE) crosses the 5 moving average...then trigger 10 moving...all you are doing is trading the Bollinger Bands with a 10moving average centerline..outer bands suggest overbought/oversold= a mean reversion=centerline 10moving average. These triggers happen and follow through is price behavior below the 10 average...truthfully the 10day average may be the most obvious trailing stop that nobody uses..."
Actually, I am brain dead tonight and this post may not make any sense to you, or myself, tomorrow morning.
AI
