Replies to post #1142 on The Trader''s Perspective (TTP)

[Sendme]

What I've learned from TVIX on the 5 minute chart when looking for a bounce. Not much in the way of profit, need to go in big to make it worth it. But I do like the set up that this offers.

1. Oversold RSI
2. Divergence
3. Buy trigger is .02 above first 5 minute candle at open bell
4. Sell the first trend line resistance/gap window etc.



Another set up is the .786 dip since we just had a nice impulsive move up across the 50 and 150 MA



This past week at the opening bell, looking for a break above the 5 minute candle