Welcome to Incarnate's world!
I have been wondering what timeframe I should use for my
401k. I can only buy or sell at whatever
the market closes at, like many others.
Also, there are those that would like to not babysit the market and come
up with a good strategy to enter/exit trades.
So I thought to myself, hmm.. let’s try the 60 minute 13/34
EMA cross and see what would have happened from 1/1 – 9/9 of this year (damn
charts kept moving so I picked that day as my cutoff for no particular reason).
I had two main questions:
1.
Is the decay on the leveraged ETFs really that
bad?? Will I lose money if I buy and
hang on?
2.
Is the 60m chart really the answer?
As many on here know, I trade the 15m 13/34 EMA and have
recently even switched to the 10m to try to capitalize even more gains. I have had huge success for both even faced
with the occasional whipsaw. My original
plan was to track a 15 minute chart back to the first of the year, but guess
what? Stockcharts.com does not hold the
information back that far. I think it
was 30 days for the 15 minute chart and 20 for the 10 minute chart. Also I came to learn that you can only add so
many annotations to a chart and cannot add more than six total charts on one
page, thus the two charts for each quarter.
I will say this about the prices on the stockcharts.. I estimated where it crossed as I did not
have the time (trust me it took long enough as it was) to open a single day
chart and see exactly where it would cross.
I got the spotting tool (crosshairs) to see where it crossed. It is not exact, but very close.
