Monday, September 23, 2019 11:51:14 AM
This morning I sold UGAZ@$19.10 and bought DGAZ@$105.00
I bought UGAZ@13.50, so I realized a ~41% increase today ;)
This morning the histogram jumped over the zero line.
I typically wait for the black line and red line on the PMO chart to cross for confirmation, but I felt good enough about this to act today.
Since charting tools are momentum based, I typically use the Slope chart as an early indicator, not for confirmation.
Yes I know, I should ignore all the social media chatter, all the television pundits, all the news letter prognosticators, and trade only based on the charts....so this may come back to bite me.
I bought UGAZ@13.50, so I realized a ~41% increase today ;)
This morning the histogram jumped over the zero line.
I typically wait for the black line and red line on the PMO chart to cross for confirmation, but I felt good enough about this to act today.
Since charting tools are momentum based, I typically use the Slope chart as an early indicator, not for confirmation.
Yes I know, I should ignore all the social media chatter, all the television pundits, all the news letter prognosticators, and trade only based on the charts....so this may come back to bite me.
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