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To keep everyone on the same page, I plan to keep updates in the GDX format.
NUGT/DUST are on the chart below to those interested.
This should help everyone to focus and trade more efficiently…
Have to admit, the indicators are much easier to follow and track–smoother…
Tommy’s IHS (reversal pattern) seems possible…
I see you’re using Elder Impulse instead of candlesticks. Just wondering why the change?
Variety is the spice of life? Use both; candles do have the advantage reading individual Japanese candles; Heikin Ashi is great too, but the price is delayed; however, with UVXY/SVXY this method really smooths the move. You prefer candles?
Did us them for a short while but make my chart too busy looking. Gotta have a clean chart.
Speaking of UVXY, been trading it up and down on the five minute chart last few days. A buck up, and a buck down today.
Nice divergences…we’ll see what happens. Good work ES.
ES. It seems to my divergences are more pronounced on the leverages ETFs. Could be wrong, but just an anecdotal observation.
Eagle…I applaud using GDX
screw the NUGT and DUST Charts they are chaotic and meaningless due to the omnipresent decay
LOOK at the weekly charts on these stupid things
Eagle, thank you for your charts and guidance. Are the rules the same for the mechanical trading system using GDX?