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I read as much as I can, but

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No-Quarter   Friday, 11/13/20 01:00:16 AM
Re: dealerschool2006 post# 82
Post # of 112 
I read as much as I can, but pay the most attention to the charts. The GUSH/DRIP charts I use are below.




Here are live links for you;

http://schrts.co/gCanMRjH
http://schrts.co/WJjREfSi

The upper bar chart for each ETF has three EMA's, red, green, and blue. The 13 day EMA is the most important. The 8 is an early indicator, the 21 is a late confirmation indicator. The lower GUSH:DIAL chart is a 13 day slope of the equity compared to a stable value fund with the ticker symbol DIAL. What I pay attention to is the slope chart. I look for the first derivative of the slope to change from positive to negative, and again from negative to positive.

https://sites.google.com/a/g.horrycountyschools.net/shuford-s-site/ab-calculus/chapter-3/3-3

I buy the day after the first derivative from down to up is identified, and sell the day after the up to down derivative is identified. I identify the derivative with a red horizontal line, and identify the first day after, the buy/sell day, with a yellow highlight collum.

The actual performance of all this is measured as follows;
For the 3 month duration shown on these charts and starting with a $1000 amount...

$1000 - 16% = $840 (GUSH on 25SEP)
+7.1% = $899 (DRIP on 2OCT)
+6.8 = $960 (GUSH on 16OCT)
+8.8% = $1045 (DRIP on 2NOV)

Yeah, the past 3 months covered in the above charts shows I am up just $45 for every $1000 at risk. A paltry 4.5%. It has been a tough 7-8 months for the GUSH/DRIP pair. But so far this year, I am up actually ~30%. In years past, when the GUSH/DRIP pair were true 3x EFT's rather than the 2X they are now, I exceeded 100%/year several times.

This works with many other 3x ETF pairs too, such as FNGU/FNGD, SOXL/SOXS, TQQQ/SQQQ, FAS/FAZ, BOIL/KOLD, AGQ/ZSL, UCO/SCO, and LABU/LABD.

GLTY

My posts are my opinion. Always trade at your own risk.

For swing trading I use; https://www.youtube.com/watch?v=M0flnBqjVzU
https://coinclarity.com/trader-education-the-renko-and-ichimoku-method/
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