To The Extreme
Using volatility bands in your daytrading can enable you to get on the side
of the trade that can let you catch a profit while others are standing around.
While they are never foolproof and do not always contain the price levels, they
can at least provide a contra move that traders can catch in the short-term.
09:43:10
Intraday Setup Alert
Protein Design Labs (PDLI)
is staging an opening reversal. PDLI is currently down 5.45 to 32.50.
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PDLI makes a very extreme move at the open, gapping down past
the 2.0 volatility band and immediately making an opening reversal, gaining
nearly 1 1/2 points after the TradersWire
alert. Although the move is short-lived, the high probability of the
stock moving back toward the mean allows traders on their game to get in, and
get out, with a profit.
Until tomorrow,
Duke
P.S. I have received several e-mails from many of you looking for
more information on Kevin Haggerty’s volatility bands and how to incorporate
them into your trading. My suggestion is to call 888-484-8220 and sign up for a
free three-day trial to
Kevin’s service. As part of the subscription, there is a tutorial on how to
use the bands in your trading as well as commentary on them from Kevin himself.