forker
Long

ERY Found support at the centerline.

AMEX:ERY   DIREXION DAILY ENERGY BEAR 3X SHARES
79 4 12
ERY             zoomed the CL             . from the south, came back to it and it looks like it get's some MoMo to the upside.
Price followed the Forks textbook.
So yes, I will try a long with the UL             .

P!
Comment: Started to go exponential.
Hmmm...U-MLH is target.

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i'll guess that in next 3 days we'll try to reach the target.
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forker KholleKhokk
@KholleKhokk,
Dunno when, but there is a over 80% chance that it will.

Cheers KK
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I would chart the underlying, not leverage. Leverage etf's have decay and slippage.
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@PKA, good point. But for the framework I use it does not matter.

With Forks, you even could "chart" the temperature and you could lean on the same rules.
But for fun and learning purpose, I will give it a try (IXETR is the UL. right?).

Thank you for commenting anyway PKA, appreciate.
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