I use an oscillator similar to your slow stochastic 5,1 on the
120 and saw it was o/b, but at the same time no negative divergence
on that time frame. So, I see more upside at the right entry
point also. Maybe when the 5 min exhibits some + divergence would
be a good time.
I try not to study the 5 min chts too much....they get me into
trouble! lol I run too quick! I like what steve says...better to
wish you were in.. than wish you were out!!!
but, I like them for entries and exits(sometimes!) and 3min too.
One news rumor that has me cautious also, is talk of the senate
bringing a bill to the floor this week, for signatures to try to
get a 2/3 vote from the house without bohner.
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UVXY
Posted by carpru on 9th of Oct 2013 at 01:34 pm
UVXY i was early, but avoided that quick down draft. I can't get a good fill when that happens. now i'll watch for a re-entry
nice chart and job Carl!
Posted by morton13 on 9th of Oct 2013 at 02:59 pm
Thanks lee..
Posted by carpru on 9th of Oct 2013 at 03:44 pm
5 min H/S
Posted by roger on 9th of Oct 2013 at 02:13 pm
decided to go flat before my afternoon nap and that weak right shoulder sealed the deal for me. Should have bought some XIV... LOL
https://stockcharts.com/h-sc/ui?s=UVXY&p=5&b=7&g=5&id=p02524105163&a=318818091
I use an oscillator similar to your slow stochastic 5,1 on the 120 and saw it was o/b, but at the same time no negative divergence on that time frame. So, I see more upside at the right entry point also. Maybe when the 5 min exhibits some + divergence would be a good time.
uvxy
Posted by carpru on 9th of Oct 2013 at 02:31 pm
I try not to study the 5 min chts too much....they get me into trouble! lol I run too quick! I like what steve says...better to wish you were in.. than wish you were out!!!
but, I like them for entries and exits(sometimes!) and 3min too. One news rumor that has me cautious also, is talk of the senate bringing a bill to the floor this week, for signatures to try to get a 2/3 vote from the house without bohner.