ucsgears

Even Selling Pressure - INDEX and Sector

AMEX:XLP   SPDR SELECT SECTOR FUND - CONSUMER STAPLES
247 24 2
Marks its extreme Oversold Levels. Will wait for triggers.
There are some fat premium stocks that can be good for spread selling.
As far as indices, Premium selling is not bad idea, essentially this would be a directional trade. Consider RTM             (Reversion to the mean) i.e., The Momo Oscillator goes back to its mean.


This is an indicator that someone will pack it and sell eventually. Watch out.
Planned upgrades for the UCS-Momo_Oscillator (Sneak Peak)
- Only display meaningful trend information
- Only display setups
- Will Code Triggers
- Will Code Stoplosses

Once published and available, Live test series....

snapshot
+1 Reply
Looks awesome!
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ucsgears PRO Justiceisfalse
This is not a holy grail, You need to filter signals. Goal is to have this strategy with higher probability of success (> 65%) and Low Risk to Reward (1/2 or 1/3). So I am working towards that. Might take some time, the ultimate product should have the conditions met. This will in THEORY be a profitable / reliable setups to trade.
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OMG a holly grail!
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2use ucsgears
Once you get your hands on stuff you do it until its perfect eh?:)
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Strive to, Being an engineer, we are trained to trust in equations - derived based on probabilities. We focus on Probability of Failure. Science is not Perfect, but close to perfection.
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UCS MOMO Oscillator - V1 =
UCS_Momentum Oscillator

UCS MOMO Oscillator - V2 =
UCS_Momentum Oscillator - Version 2


V2 includes a trend portion - Similar idea is used in CM_UCS_Modified Slingshot for trend identification.
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Thank you! I think I like v2 more. Great tool to scout out breaks.
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ucsgears PRO Justiceisfalse
Well, Have been using it on specific list of stocks since 2013. I have staged Setups and corresponding Option strategies. And adjustment to every option strategy based on this setup. If I have to swing trade with two tools - This oscillator and bollinger band w/ my alerts is all will choose. Other indicators are good to have, not a necessity.
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6-0 . You win
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