Post by
manxcan on Apr 24, 2018 12:16pm
Trading Vix
I am away till Thursday AM. Exit off VIX since last week. I note Thursday and Friday came though good volatility. First, strongly suggest you exit HVU asap. Remove symbol from screen, watch list. Losses on HVU double % loss of UVXY or TVIx.
I use a 3 day and 3 week x 3 hr bar chart to follow the volatility but very important to know which earnings and economic data will be released in day, including post, premarket.
Tvix I Low April 17 at $7.72. Note on chart all entries every day at $7.03 we’re positive. Entry has not dipped much below $7.
I would expect on week best Tvix hi will be $7.77 to overshoot $8.05 possible. Monday and following week additional sectors report earning. Expect lower entry and possible higher high as we move forward.
Key, be patient, bid low and build only on price support.
I am off 75% Dgaz on Monday premarket fills but down week over week on balance. I will rebuild balance as I will not watch screen next two days, so just using low bids now and left in place for Wednesday. Same $37 probable occurring or Dgaz higher depending on size of injections through May into June will really determine exit.
Vix I never hold unless really favourable. Dgaz I can hold as I deal with intraweek swings always on NG Trade with reliable range expectation.
Good luck guys and back Thursday. Cheers Manx