I don't believe in greedy, I believe in find a way and use insurance to hedge. Long term commodities, I been using same concepts since mid 1991, I knew people working for firms who were producers and growers of grains, and owners of feed lots and meat packing plants. Back in the 80's/early 90's, folks not so closed mouthed about their businesses as everything is a secret now. Buy as markets dropping at certain percentiles and sell as markets rising at certain percentiles. I did much backtesting on those years then learned few years later how to hedge. As years have gone by, my hedging education has really become insanely improved. Most will see my ways of looking for the tops/bottoms as ego trip, I have no ego. It has taken more than 150 tries to find highs in Index Futures/hedged, knowing I will be losing most of them, my hedges recovers future losses Plus give me some profits to boot, my system overall makes over 98% wins, and like 2 years ago and this year, am up huge. I have also learned how to hedge open profits s well. Trading is about solving what most others can't seem to think outside the box. I love some indicators like RSI, but instead of using it as it is, change the formula, use different input like another indicator. Every try using trend lines on RSI, it can show trend on higher timeframe, above 50 is uptrend then smaller timeframe when 3. Period RSI drops to 20 can be buy signal, opposite for sells. Think outside the box. I shorted Bitcoin at highs and have few add ONS as well, futures have options
Rabbit Ears https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-5#post-4932619 She trades the 'Three Touch Trade' https://elitetrader.com/et/threads/...k-thats-understood.365269/page-2#post-5551139
%% RSI is so hated rightly by many trend followers, no wonder a few found a use for it I have it a few charts\ but i have so much on my printed charts; RSI + PSAR were good things for me to cut off. but if i use something once a year, OK by me. Not that i would use something like that much......... One female asset manager noted last week she doesnt plan on buying much until 30 day moving average looks better.
Speak 'O the Devil - Here's a fresh one... RSID Failure Swing https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-7#post-4969346 https://elitetrader.com/et/threads/...st-right-here-baby.335635/page-5#post-4930245
%% LOL\ I dont try to figure out some else's charts much, but looks like your moving averages + price worked well, even if RSI failed/LOL. Strangely some times posting a good moving average, can mess it up briefly; I'll make sure to sure to study more than that female asset managers \30 day moving average
RSI I think better than stochastic, both as an oscillator indicator to measure level OB and OS but stochastic is more aggressive to give signals, and there is so many false signals on time.
What really works great is Support become Resistance ( or not ..) , Resistance become Support( or not..)