DUST up or NUGT down?
Just an idea. A daily strategy for inverse ETFs.
Usually trade only two pairs on the hourly chart at any given time. This is the daily.
On the hourly I get, let's say trades of 12% 17% (x2 the daily increase or decrease). Fairly good entry and exit points. A little freaky on the SPY, prefer to use TECL/S (3x) or DUST/NUGT (2x).
The white arrow was not a trade, only a "could-have-been" trade.
But due to volatility and other potential effects ... this may be a good time to enter a long trade on DUST?
I'll be looking at other factors over the weekend and watching the Laguerre and the RSI before I get in.
Usually trade only two pairs on the hourly chart at any given time. This is the daily.
On the hourly I get, let's say trades of 12% 17% (x2 the daily increase or decrease). Fairly good entry and exit points. A little freaky on the SPY, prefer to use TECL/S (3x) or DUST/NUGT (2x).
The white arrow was not a trade, only a "could-have-been" trade.
But due to volatility and other potential effects ... this may be a good time to enter a long trade on DUST?
I'll be looking at other factors over the weekend and watching the Laguerre and the RSI before I get in.