Exonerated!!!

What a nice post! I don't post anymore on this forum (or anywhere else that matters).

But that was sweet. I've been following Bruce for a long time... Lurking that is... And really appreciate that post of yours.

I would like to think that Bruce would appreciate it too.

God bless Bruce

Shorted GOLD via JDST

Ok

todays move does NOT invalidate the prior move in the market.

Not yet anyway...

FWIW my personal opinion.

Today's move does not invalidate the charts that I posted earlier today.

The charts need a little more substance to confirm today's move.

Perhaps, next week will be the 'tell' and we will find out soon enough...

I'm a pretty active trader.... and really all I need are the 60 minute charts, It really doesn't matter if they are delayed 15 or 20 minutes.

I have all the real time charts, a trader could want, along with depth, but as long as your playing the 3x ETF's it doesn't matter.

Yes for individual stocks, you might need all the toys, but you don't need anything more then a 20 min delay on your favourite 3x etf.

IMHO of course,

Your needs may differ.

Ok.

Well then that makes sense. If you are comfortable holding those types of securities then more power to you.

I'm not sure that a L2 feed is necessary. All you really need are realtime quotes and there are many providers. Probably the bank you deal with has realtime quotes.

FWIW.... I would buy YANG (if I where to buy YANG and I'm not... that market is just too manipulated) not that mutual fund. It's not liquid enough...

good move! just a suggestion, buy UVXY believe it or not, it is just less risk.

Yes you are right...

The VXX move on Monday's daily & hourly chart, is so far looking good... it would look a lot better if only I could get those DMI's to cross on the daily (VXX) chart, (edit - note that the negative DMI has crossed below the ADX (thick black line) --> that is a warning shot over the bow so to speak, and suggest strongly that the next move is down) otherwise Bear charts are 'popping' everywhere.


Please note that the SPY daily has multiple confirmations of a bear move, in a number of time frames, including all the indicators that I follow & my beloved DMI's.


First question: Is this a resetting of the charts? For example the ADX suggests that SPY is in a sideways move, with a bullish bias. Trend lines suggest that move could continue for some time. Until the trend line is broken (and moving averages), SPY is bullish but a few caveats are just starting to assert themselves.

The second question is: Are the bears waking up from their slumber? After all, it has been a cold, hard winter so maybe they are just finally waking up from their hibernation.

FWIW this could be a sustained move on the charts.

Time will soon tell if Spring is in the air for the Bears...

Aggressive traders might want to short the market, less aggressive traders might wait for confirmation.

Bulls should reconsider their positions.

That is interesting that you mentioned UVXY... FWIW I just entered a position a couple of minutes before the close.

I agree with you

India 6 month daily chart

I'm not aware of a 3x Bear US dollar etf. Perhaps someone else knows...
IMO if you are thinking of shorting the US dollar, why don't you go long GOLD/Silver?

IMHO they would be the direct beneficiaries of a decline in the US buck if it materializes.

look like I fucked that up...

Back to chart school for me :(

https://www.siliconinvestor.com/readmsg.aspx?msgid=30032468

should be interesting to see if the hourly 'buy' signals translate into something else... ie: buyz on the daily, or if just resetting oversold conditions.

caution: Readers should know that I enter into and out of positions based on the hourly chart. FWIW

Buyz printed on the hourly chart for VXX (UVXY, HVU.to) & SOXS. (SOXS similar setup as the VXX chart.

Welcome to the thread Dan!

Nice trade off the bounce!

I agree with you $11.00 bucks looks attainable.

RUSS


Where others fear to tread...

Very interesting chart. Nice divergence between price & indicators.

Good luck!

Nice trade!

Still holding VXX related instruments which I'm just a little bit underwater on...,

But SOXS surprisingly (at least to me <g>) is keeping my head above water.

Very sweet bullish objective on SOXS ($20.00)


The tape action recently over the last week (including futures) has been nothing short of amazing. It's just been crazy. Ox recently alluded to that volatility. VXX halted - volatility circuit breaker....WOW!!

So I continue to hold... and will add to these positions when the opportunity (on the hourly charts) presents itself.

There is (are) a lot of machination(s) going on...

currently underwater on UVXY & holding a slight profit on SOXS.

so a slight loss offsets a slight gain.

snore...

in SOXS @ $11.45

Nice post thank you!...

Great stuff for UWTI

Volatility is a traders best friend :)

Great setup SOXS

You couldn't ask for a better setup.

I am willing to take a 20% loss for a reward of 100% or more in a very short time frame.

So far it has worked out okay for me...

No risk... no reward.

It works for me, but I'm sure other traders have different strategies.

Nice trading... some of my best trades have been on the phone.

Good luck! & yes I'm still holding UVXY, since the trade for me was triggered on the hourly chart, I'll be holding until it goes against me... on that timeframe.

Look forward to your posts & trades :)

Shorting leveraged 3x ETF's are an excellent strategy. As you probably know, you can make a lot of coin doing that.

you trading?

still early, but change to the bearish side is imminent and may have already started with today's action.

Time will tell.

The UVXY purchase looking good...

in UVXY @ $15.21 <gulp>!

WOW! That's a great question!

Methinks you aren't to far away... I'll do some research & get back to ya.

mis-spoke

What I meant is that traders who are watching VXX will soon make a bundle.

XIV,SVXY, hvi.to are so passe...

I watch very closely the relationship of VXX & XIV to the general markets, more specifically the S&P500 or the ETF SPY (most heavily traded ETF.)

Something is afoot, and I think people who are watching VXX (UVXY, HVU.to) and playing XIV (SVXY, HVI.to), will soon make a bundle.

If you look carefully at the charts, XIX is close to exhaustion, while VXX keeps getting pounded.

My money (tomorrow, and the next few days, if I'm right) will be on VXX.

Right on brother!

Heigh John how are you doing?

My trading has been quite subdued since January... I been really busy with other stuff, but hope to get back to trading real soon.

(I check out the charts every night, but nothing really appeals to me right now)

All the best!

Hi, I'm in the Risk Management business. I use to day trade a lot, but I rarely do that anymore. (Although occasionally, I will play the 15 min charts... if the opportunity presents itself).

I have been involved in the markets for a long time...

Currently I'm more of a swing trader, trading the 3x ETF's including the various VIX leveraged products (ie: UVXY, SVXY).

My main focus is trading in & out on the 60, 120, minute charts, which is why this is a rather quiet thread, (although I hope that will change).

I look forward to your posts and your trades:)

Welcome to the board!

I look forward to your posts.

As a Bearish individual, all I (we) can do is wait, until the exuberance passes.

One can make so much more money merely by waiting. Stocks climb a wall of worry, but once they get there & the realization hits... That's there nothing there... they go down exponentially faster & further then most people figure on...

Hence the return on bearish ETF's such as TZA, FAZ, SOXS, and my fav's UVXY or HVU.to or if your more conservative VXX can be considerable.

Its all in the timing.

Get the timing right and one can make a small fortune.

So I wait.

I'll play the 15 min chart. In & out.

But the money (widow) maker is the hourly or the 120 minute chart.

Tick Tock