davesaint86
725 posts
msg #141074
- Ignore davesaint86
modified |
1/17/2018 9:11:59 AM
Graft - Maybe using the DMA8 daily filter or the new Mach filter. I'm thinking though you can increase your odds of success if for example JNUG has high relative strength/momentum. For example, above the 200MA, or high CSTO or CRSI. Maybe even better yet using the 4 hour chart for any GDX, JNUG, NUGT, UGLD, GLD position. ChartingWealth in my opinion has shown it works for Gold.
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shillllihs
6,045 posts
msg #141078
- Ignore shillllihs |
1/17/2018 10:48:56 AM
Is it common for days in long position to start changing short? Example Vxx now shows 3 shorted days when yesterday there was 1.
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davesaint86
725 posts
msg #141079
- Ignore davesaint86 |
1/17/2018 10:55:51 AM
Sorry Shills - I do not understand the question.
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shillllihs
6,045 posts
msg #141084
- Ignore shillllihs |
1/17/2018 11:50:56 AM
The red bars from long position to short position toggle, in other words change quite frequently.
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davesaint86
725 posts
msg #141085
- Ignore davesaint86
modified |
1/17/2018 11:58:18 AM
Not on the DMA8 for uptrend ETFs like XIV, UPRO, TQQQ. Downtrend ETFs like VXX, SPXU, SQQQ the answer is yes. A RSI(2) system may work better for these short time movers. Sell when RSI(2) price greater than 70 for example. This is why I do not like to trade low relative strength ETFs unless I can get in and out really quick like I did with VXX yesterday. By the way yesterday was a strange day in the market.
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graftonian
1,089 posts
msg #141408
- Ignore graftonian |
1/26/2018 10:49:57 AM
How does one select an etf for the hedge side of the system?
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davesaint86
725 posts
msg #141409
- Ignore davesaint86 |
1/26/2018 11:12:47 AM
The author chose TLT and JNK. The answer is stocks/etfs that are not correlated to the 60% side. For the 36% 40% side using TMF and the 2X Inverse Emerging Markets ETF - EEV seems to backtest well. I 'm sure you could use GDX, NUGT/DUST, DGLD/UGLD also. The backtests do not come out well holding these for the whole month. These are probably better to trade using a 4-hour chart. I guess if you are an options trading your could buy puts also.
Currently I'm in a 60% position holding UPRO. On the 40% side I bought DFEN, XIV and ROBO which is not much of a hedge since I'm sure the correlations are high. I looked at the 3 Month Relative Strength of TMF and EEV and they are so both weak right now I did not want to buy a falling knife on the 40% side. Gold has been on an uptrend but the trend seemed to be weakening.
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