ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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UVXY the fear and volatility ETF ran up nearly 10% on the past trading day before
retracing a bit all due to the quick about-face in the market at about 1PM New York time.
It moved from the lows at the opening bell and let up with after hours profit taking.
The relative volatility indicator shows the volatility pump and then dump.
The dual signal RSI indicator shows the low time frame in blue dropping faster
than the higher time frame in black. I see this as a good setup for a short trade
that could yield half of the run-up over the next two trading days or 5% by
next Tuesday, August 1. The stop loss set at the top wicking at 17.25 while the target
the pivot low from which price began at 15.55. I have contemplated a put option
on this but have not yet reviewed the options chain. Price action down may begin
slow until price crosses under the POC line of the volume profile and then accelerate
as price drops below the high volume area into relative volume voids.
Trade active
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Put option initially did well but price now stuck in lower part of high volume area near the POC as I anticipated. Overall, short trade has done well and will take off half of it at 2PM with remainder to run.
Comment
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Its another half a year later UVXY still has great intraday volatility to trade off
@lexaubuntu, Okay if you have that view why not construct an idea and upload it for all to see and help them make money ? $:$:$:$:$:$
AwesomeAvani
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@AwesomeAvani, When there is blood in the streets it is time to buy when others are fearful. Any idea who said that ? $$$$$$$
AwesomeAvani
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@lexaubuntu, I have profited over and over again trading UVXY up and down. It works for me. I admit to advanced trading skills including options scalping and iron condors.!$!$!$!$!$!$!$!.
AwesomeAvani
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@lexaubuntu, I have a suggestion for you. You may want to review some youtube videos subjecting volatility trading and fear-greed meters.
AwesomeAvani
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@lexaubuntu, yeah short it when the market indexes are rising and go long when the market moves up and UVXY sinks. It is all easy.
Strange1505
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Hi bro, Can you please check Hubb, Iam unable to private message you
AwesomeAvani
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@Strange1505, you need to fix your DM/PM settings and then contact me in that manner.
Strange1505
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@AwesomeAvani, I dont have a paid plan so iam unable to message you, can u please try to message me so I will see whether I can reply atleast?
AwesomeAvani
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@Strange1505, No Linkedin, I am an old school brick-and-mortar retired guy have no interest in the social media overload. "Sorry" :)