Replies to post #1082 on ETFs, Leveraged ETFs, Sector Funds

[stiv]

Thank you! I have a lot of catching up to do. I hope you and your's are all doing well.

I have been trying hard to make sense of the market and various key charts that I watch, and I have to admit all of my charts are broken down and busted. I am searching for a better perspective on things. I definitely am watching shorter time frames but I can't say my trades are getting better.

So in looking for a tradeable trend change I have been both shortening the time frame and also simplifying the chart. Getting back to basic moving averages in an attempt to see things clearer. With time frames I am also trying to watch multiple time frames which is really a strength of the Trend Spider trading software.

The other significant alteration is using Heiken Ashi candles as a way to "see" the trend better.

There is a good tutorial here. https://tradingwithtrend.com/heiken-ashi-strategy#Heiken_Ashi_Strategy_On_Daily_Time_Frame_Chart


I will post the daily chart here on USLV. Don't really need a particular daily chart to know that the trend is an unbroken down trend. The first thing in catching this falling knife is looking for a color change in the candle (from orange to green on this chart). It's not there yet on the daily but I will post some shorter time frames on next post, Here is the daily.