SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom Trader who wrote (40457)2/6/2000 4:48:00 PM
From: Michael Watkins  Read Replies (1) of 44573
 
Tom,

I only use VIX as a guide and I think the extreme moves and reversals are the most useful. I do look to close long positions if VIX has gapped down as the next day if it reverses is likely to chew up some of my profit rather rapidly. I've heard reference to but never seen a Larry Conners technique called something like a VIX reversal, I understand he may also be using RSI of VIX as well. If you look at the chart I posted today on the Market Discussion thread (sorry for the low resolution but the site I uploaded it to requires a max file size of 50k) you can see RSI of VIX, as well as bbands on VIX, both of which can be useful.

The chart identifies previous gap downs going back to July 1999 - in every case if follow through came the next day, it marked the top of a swing high. Looking at data past that I have found that its pretty reliable, reliable enough that I don't want to be entering new positions in any event until the picture is more clear.

As far as intraday use, I don't use it at all, except to monitor at extremes.

And in all cases I focus mostly on price, and try to force myself to only trade tests of tops/bottoms and retracements - regardless of the time frame.

And not trade within congestion...! Got suckered in to playing the lengthy congestion on Friday and I do know better. I think ;)

Cheers
Mike
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News