I have been thinking about this way too much. My latest thoughts.
Charting DGAZ against UGAZ, I can identify specific turn around points where the histogram crosses the histogram 5 day MA.
If I then go to the individual DGAZ and UGAZ charts and pick the mid point of the PPS for that day, I get the following 6 month performance -
19 JUL; Buy UGAZ@52 14 AUG; Sell UGAZ@68 for a 30% gain, use it all to buy DGAZ@410 11 SEP; Sell DGAZ@470 for a 14% gain, use it all to buy UGAZ@58 28 SEP; Sell UGAZ@70 for a 20% gain, use it all to buy DGAZ@375 1 NOV; Sell DGAZ@280 for a 26% loss, use it all to buy UGAZ@83 20 NOV; Sell UGAZ@165 for a 98% gain, use it all to buy DGAZ@60
Currently waiting for next trigger signal.
If I started in July with $10,000 +30% = $13,000 +14% = 14,800 +20% = 17,700 -26% = 13,100 +98% = 26,000
This could be traded all year long this way. This is interesting.
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