AS the markets continue to dive and break support levels, the ETFs like FAZ, SKF, FAS, TNA gain momentum. With huge volume, tiny spreads and good daily ranges they make ideal trading instruments. AS always, set protective stops in case things reverse.
S&P and QQQQ
FAZ
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2 comments:
Hope you've got a real time chart of the dollar up as one of your indicators Scott.
/DX for me is driving these FAS/FAZ moves.
It is all about the dollar this week and how Greece's bankruptcy might affect it.
I got 90% of that FAS bounce when the dollar got killed on my 5min chart and called it a day.
It's going to take me some time to become machine like. You're a beast!
nice trading. i realized somehow you can separate the noise in the chart, that gets me in and stops me out, and hone in on the real moves. well done. today i was the guy staring at the screens. alot of chop all afternoon after two crazy moves. i really wanted to short that first green bar pop, but that bad boy kept on going.
nice job blue!
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