Replies to post #27042 on Cycle Trading

[Duma]

Yes it is. Very effective. SPXL up 18.6% (6.2% 1x) since long signal Jan 20.

The Dec 29th to Jan18th cycle yielded 7.3% (2.4%)

We are for sure into really deep into OB territory. A M65 of 1 is about as high as it gets unless there is a really big rise like we saw in Aug of last year. Maybe Feb repeats and runs to 1.5+ also.

Note I only try to label wave 1 and 2, which I use sometimes for entry. After trade gets going I use 2nd support for exit most of the time.