Thursday, June 28, 2018 11:47:09 AM
Good trade UVXY...
I was looking at 2690...
Technical indicators put ...more structure around certain price levels like 50day average and support'resistance lines and Overbought/oversold and when price is outside the Bollinger Bands...
...you should read the indicators=at certain signal lines and price levels...all the rest is noise.
What you call gut/feeling is the sense you get of the crowd as you watch price...yesterday you saw the change in momentum...when you get the sense/gut/feeling you become better if you have at least 2 technical indicators to confirm the gut...your percentage of wins and percentage gain improves. I use CCI 20 and stochastics 10,3 and moving averages (is price above/below the average)
It can be as simple as I want to know how to act either side of the 10day average and how to act either side of the 50day average...and at what price to take action when oversold/overbought...
chart below shows how you can take a bunch of random chaotic dots(closing prices) and give them some structure.
1. how to act above below the 10day average...
2. how to act when 3day average crosses the 10 day average...
3. how to act when the 3 day average crosses the 50 day average...
4. how to act when the 10day average crosses the 50 day average...
Daily chart
I was looking at 2690...
Technical indicators put ...more structure around certain price levels like 50day average and support'resistance lines and Overbought/oversold and when price is outside the Bollinger Bands...
...you should read the indicators=at certain signal lines and price levels...all the rest is noise.
What you call gut/feeling is the sense you get of the crowd as you watch price...yesterday you saw the change in momentum...when you get the sense/gut/feeling you become better if you have at least 2 technical indicators to confirm the gut...your percentage of wins and percentage gain improves. I use CCI 20 and stochastics 10,3 and moving averages (is price above/below the average)
It can be as simple as I want to know how to act either side of the 10day average and how to act either side of the 50day average...and at what price to take action when oversold/overbought...
chart below shows how you can take a bunch of random chaotic dots(closing prices) and give them some structure.
1. how to act above below the 10day average...
2. how to act when 3day average crosses the 10 day average...
3. how to act when the 3 day average crosses the 50 day average...
4. how to act when the 10day average crosses the 50 day average...
Daily chart
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