Goldtent TA Paradise

UVXY 5

1. pedro_deleon says:

   October 23, 2016 - 8:31 pm at 8:31 pm

   Did those formations also appear 9/7 and 9/22? (More or less)

   Those were the ONLY other days with imminent bullish RESULTs going back to before the Brexit vote.

   Most traders aren’t going to have the patience to monitor a 5min chart to get (up to but no more than) three setups over four months on UVXY.
   Unless you are (background) monitoring the same setup in other space and have alerts coming up even on charts that may not be open.

   • Tommy says:

     October 23, 2016 - 9:19 pm at 9:19 pm

     With a 20% move over 2 -3 days some people find it worth while to monitor. They have their charts set up to catch exactly these kinds of moves (I have four specific charts set up on the tool bar above the browser so all I have to is click on them and they’re up….daily,120, 60,and 5/10 min). I call it the “big-small” strategy, where your stalking oversold on the 120/60 and you look for the pattern on the 5/10 min.

     I also trade the inverse SVXY and XIV on the way back down since these things spike and then move right back down again as a rule. See….

     https://stockcharts.com/h-sc/ui?s=XIV&p=120&b=9&g=5&id=p70961863824&a=483326386&r=1477271736982&cmd=print

     Stockchart only saves 5\10 min data for so long then its gone so can’t look back that far for you.

     Of course I monitor other things too.