Using fractal analysis (as taught by Dreadwin) I would wait for a pull away from the bottom Bollinger band for the safest entry. Once it pulls away, it seems to break upwards.
SC, I have loved 3x etf's and lost a bunch. I now try and keep it to a scalp with tight stops. With the vix so low it is hard to get much movement except at the start and end of day. I have been trading options more lately but with long weekend not comfortable in them either. Mostly just cash and enjoying that position.
I bought a small position at 7.05 I was considering adding to it, however most of the time I do that when it is so close to my original price it goes the other way I want it to go. I bought it for a scalp. So at this point I probably will not add anymore. I have PP at 7.01.
Yep. None of the problems and issues we have been debating about really affects short term scalping. It is a moot point, as far as short term scalping of ETFs goes.
Using fractal analysis (as taught by Dreadwin) I would wait for a pull away from the bottom Bollinger band for the safest entry. Once it pulls away, it seems to break upwards.
I was already looking at DTO before Carl posted. It's at the lower BB.
Did you notice Carl is calling for $30 oil?
Anyone else watching DTO for an entry?
While I got the order wrong (we gapped down), I still think we could see TZA under 6.80 by the close tomorrow.
Person's Pivot Point.
PP ?
SC, I have loved 3x etf's and lost a bunch. I now try and keep it to a scalp with tight stops. With the vix so low it is hard to get much movement except at the start and end of day. I have been trading options more lately but with long weekend not comfortable in them either. Mostly just cash and enjoying that position.
I bought a small position at 7.05 I was considering adding to it, however most of the time I do that when it is so close to my original price it goes the other way I want it to go. I bought it for a scalp. So at this point I probably will not add anymore. I have PP at 7.01.
Yep. None of the problems and issues we have been debating about really affects short term scalping. It is a moot point, as far as short term scalping of ETFs goes.