The 9-day Percent R green line is used for entering scalping above -20 and below -80 with respect to 100-day Percent R red line pressure and the two PPOs.
S&P 500 Sector ETF Momentum Rankings
- Thread starter AndersenBands
- Start date
S&P 500 Sector ETF Long-Term Momentum Rankings:
$XLU $XLV $XLRE $XLY $XLK $XLB $XLP $XLF $XLI $XLE
Short-Term Momentum Rankings:
$XLY $XLB $XLK $XLF $XLE $XLV $XLI $XLP $XLRE $XLU
$XLU $XLV $XLRE $XLY $XLK $XLB $XLP $XLF $XLI $XLE
Short-Term Momentum Rankings:
$XLY $XLB $XLK $XLF $XLE $XLV $XLI $XLP $XLRE $XLU
I've decided a delta neutral strategy is more trouble than it's worth. Sometimes it doesn't even make sense and it can cost you more money than you save and it makes trading big and complicated and eats up your capital and Jesse Livermore never worried about it and just get out of the position if you're worried about it and it defeats the purpose of trade-small-and-trade-often scalping by understanding the chart.
I've decided on a strategy of trading vertical debit spreads with locked-in profits, taking advantage of arbitrage. Supposedly guaranteed small returns comparable to trading credit spreads and with less risk and still the potential to take part in a major move.
S&P 500 Sector ETF Long-Term Momentum Rankings:
$XLU $XLV $XLRE $XLY $XLK $XLB $XLP $XLF $XLI $XLE
Short-Term Momentum Rankings:
$XLB $XLY $XLF $XLE $XLI $XLV $XLK $XLP $XLRE $XLU
$XLU $XLV $XLRE $XLY $XLK $XLB $XLP $XLF $XLI $XLE
Short-Term Momentum Rankings:
$XLB $XLY $XLF $XLE $XLI $XLV $XLK $XLP $XLRE $XLU
I figured it would be worth it to spend some money on a good options screener, but I couldn't find one that suited me and the one on Premier Barchart had a bunch of incorrect premium prices so I cancelled my purchase for it.
Above -33% is an Alligator, below -67% is an Alligator. The Percent R tends to go from one side of -50% and its Alligator to the other side of -50% and its Alligator.
Top PPO is Accelerator Oscillator.
Bottom PPO is Awesome Oscillator.
On the 50-day Percent R, above -50% is a bullish alligator, below -50% is a bearish alligator.
Bottom PPO is Awesome Oscillator.
On the 50-day Percent R, above -50% is a bullish alligator, below -50% is a bearish alligator.
The Rattlesnake trading system is basically what I've been doing but is demonstrated by the Cycle Trading Momentum oscillator invented by Jim Prince.
It seems like the 10-8 Day Moving Average Hilo Channel is a good place to screen.
