When to buy VXX? Key rev. level is 16,10

130 0 2
Trading the most popular VIX             based ETF is as tricky as trading VIX             Index, or the volatility curve itself.
If you are wrong on timing, the curve contango (roll down, negative cost of carry) kills your long position very quickly.
But if you catch it at the right time, your gains will be extremely nice and quick.

- Ichimoku setup is still bearish , but Kijun Sen came lower to 16,10. Buyers have to watch this first key level.
- Heikin-Ashi gives mixed signals, but there is some positive divergence in haDelta/SMA3
- EWO             is bearish , but here a positive divergence has been building too. Maybe it reflects a slow bottom building in VXX             .

- Ichimoku setup is still bearish . Key reversal level is marked by Senkou B and 100WMA: 16,10+
- In terms of price action we have one important thing: Price could not make a lower low. It worths to watch, as the flattening and thinner forward Kumo may also suggest we see some form of bottom building here.
- EWO             is bearish , but again, we have a positive divergence.

Strategy: You can try to do bottom fishing in 14,60-15,00 zone, but the good risk/reward trade will be if you buy the 16,10 breakout, as by then the setups will reverse towards bullish , and your chances to make money on volatility surge will be better.
Basically you have to watch for following bullish signals on 4H: Price/Kijun cross, Tenkan/Kijun cross (weak or medium), Price/Kumo (and 100WMA) cross, Chikou/Past candle cross. They will follow each other in this sequence :-)

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out