ProShares Ultra Bloomberg Crude Oil 2X ETF (UCO)

[kiy]

Goal is you see the signals and tell me what its saying...
...you let the signals tell you when the trade is ready...with experience you can front run these signals...

Most important...my feelings and thoughts mean nothing...I want the indicators to do all the thinking and feeling...
I don't want to think or have opinions...I want signals that you and I both can see and signals that can be acted on...
Signals that can be acted upon are signals that start from oversold/overbought price levels...such as CCI/Stochastics oversold/overbought...

The old saying buy low sell high is toooooooo vague...Buy low sell high =relative to what...overbought/oversold relative to what...
Could it be "relative to the Bollinger Bands...the CCI indicator...?

Tell me some more about you trading experience/history and your understanding of technical indicators...
Enjoy...

Charts here are CHAOS...Random Noise...if you don't know where you are or don't know how you got here...how are you going to know where you're going...?...

...add a simple moving average and you see some structure...now some of the randoms are above or below the moving average...

Connect the dots(closing prices)...more structure...order out of Chaos...

Try to contain the random with a statistical math thing...2 standard deviations...and you have more structure and a "mean reversion" where price at the outer Bands return to centerline the 20 day average...

Add a technical indicator that tells you what you're doing when price is at the 2 standard deviation Bands and you have an indicator that says you're overbought/oversold "relative to those Bands...and expect reversion to the mean=20day average and perhaps continues the trending/same direction...

You are now an expert on oversold overbought...relative to a simple statistical formula based on the 20 day average...