UCSGEARS' snapback application to Vix

CBOE:VIX   Volatility S&P 500 Index
I came up with this based on one of Tim West's publications from today.
It seems that this indicator produces some really high quality signals when applied to the Vix             itself, to trade S&P500             futures .
Check it out, maybe you can come up with other variations of this technique.
Seems like something I'd like to try asap             .
Good luck,
Today Tim showed me an interesting technique related to the vix and vix futures, check out the key hidden levels chatroom for more info:
It can greatly enhance this strategy's weak point: exits.
+1 Reply
Wouldn't this idea be good for trading volatility products such as XIV, SVXY, etc.?
Probably, try it on a demo and post results here! (Tradingview offers said resource)
Algyros IvanLabrie
I'll try. But to make your idea clear, you go long or short some S&P instrument and close the position when your ATR stop is hit, is that correct. And, is the ATR stop adjusted daily?
You can trail under the daily low or close when profit exceeds 1 atr to make it risk free.
That part is up to you. It'd be ideal to have more than 1:1 r/r.
so you are shorting the VIX or the SNP?)
IvanLabrie Killy_Mel
Trading S&P using vix generated ucsgears snapback signals. That's what this chart proposes.
+1 Reply
claydoctor IvanLabrie
Thanks Ivan. So if I read this right, the vix is a buy right now and sell the S&P, since we are atthe end of a snap back of the vix top previous levels, so we are headed up from here vix?
IvanLabrie claydoctor
Trigger is one-two days post snapback signal. Now, vix a sell until NFP is what I think. And S&P, sideways or starting to move down soon.
claydoctor IvanLabrie
So, bottom line, 3:50PM today, you buying vix or selling and you buying S&P calls or puts? I am really sweating this decision, and wondering what you are going to do? There is such an opportunity to buy VXX call options for Sept 18th strike, because they are so cheap, and so opposite what the volume says. It could be huge score or greatest loss. That buys two weeks of trading, and if we get the big spike then, could be huge profit. But you have to buy now, even this morning, or they will cost 10X by after lunch time if the job numbers get leaked in that direction.
+1 Reply
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