Yes Monica… it won't last forever. Time is running out for the Bulls. March isn't usually too friendly… especially when we are at a Top in the market. I'm treading lightly right now, after being burnt badly in February.
Found the chart: a Bollinger 9.0 on IB Apparently IB Bollinger charts are sometimes 9.0, and sometimes 20.0. Should have used Stockcharts in the first place.
Found the chart: a Bollinger 9.0 on IB Apparently IB Bollinger charts are sometimes 9.0, and sometimes 20.0. Should have used Stockcharts in the first place.
That particular set up was also a time when the standard RSI setting (14) works against you and keeps you from making a trade. On an RSI (10) it becomes more obvious.
The tradeable move in TZA during that time frame was to buy TZA at the close (9.41)on the 24th during the massive, ridiculous underthrow by $RVX. Sell on the 31st at the close (9.86). +4.5%
Yes Monica… it won't last forever. Time is running out for the Bulls. March isn't usually too friendly… especially when we are at a Top in the market. I'm treading lightly right now, after being burnt badly in February.
Yes Red, it's frustrating but it can't last forever. In the meantime I guess maybe it would be better to stand on the sidelines.
FWIW
Found the chart: a Bollinger 9.0 on IB
Apparently IB Bollinger charts are sometimes 9.0, and sometimes 20.0.
Should have used Stockcharts in the first place.
Dread, Nice Post, Your writing and charting is getting better everyday. Sittinn on the sidelines is not a bad move right now.
FWIW
Found the chart: a Bollinger 9.0 on IB
Apparently IB Bollinger charts are sometimes 9.0, and sometimes 20.0.
Should have used Stockcharts in the first place.
Dread, Nice Post, Your writing and charting is getting better everyday. Sittinn on the sidelines is not a bad move right now.
That particular set up was also a time when the standard RSI setting (14) works against you and keeps you from making a trade. On an RSI (10) it becomes more obvious.
If I was using americanbulls logic, I would have seen the RSI < 30, but waited for a buy signal (a couple of days later), then would have been ok.
That would work.
The tradeable move in TZA during that time frame was to buy TZA at the close (9.41)on the 24th during the massive, ridiculous underthrow by $RVX. Sell on the 31st at the close (9.86). +4.5%
Dreadwin,
I'll take your word for it this time 🙂
However, I pulled up the $RVX chart and the TZA chart and found Dec 21st:
Started 4 days in a row with RSI < 30
Not a good time to buy TZA
Must not be a general truth.