Not quite right. EOD systems do not require that you enter the first minute of the trading day. You enter the trade when there is a set up i.e a MA crossover.

EOD mech system: enter trade when the relevant MAs cross, always at the close of the candle of the cross. Exit trade end of day (last minute of normal trading hours). If the MAs cross again before the EOD you reverse the trade. All trades are exited MOC. You then wait for the next set up which is the next MA crossover another trading day. Note that this does not occur every day.

If the MAs crossover the first candle of the trading day you enter at the close of the first candle. Hope that helps.

Coal stocks look to be in a similar position: KOL (ETF), PCX, JRCC,BTU

 broke out. Unfortunately I turned off the alarm earlier accidentally.

I got no cross either.

Sorry, meant to write SKF swing system uses these parmeters.

SRS swing trade system uses the 6min chart w/15 and 84 SMA crossovers. Trades are held till next crossover or till profit target of 24% is acheived. No stop loss.

Er... that's what I thought I said.

Also, yes theoretically it is possible to enter a trade at 15 mins before close to exit at close.

Well, if you are playing the 15 min exit EOD systems, the trade is taken at the close of the candle where the crossover occurs. So, any crossover that occurs during the last 15 min is invalid.

The update was pretty clear re: mech.systems. No second guessing because the results come from taking every trade. Also, w/ volatile ETFs like SRS you can get rips even the last 15min, just as you can get your profits wiped out in the same time. Simply put: if you decide to play the systems do not try to out guess them.

I have a small position in GDX but I decided to swing trade this using the daily GLD/GDX ratio 7/21 ema system. See what happens.

800 also last psychological breakdown level. We break that decisively, maybe we can get a pullback to Fib. retracement levels.

50 ema was resistance on the move down, has now been perfect support on the rally.

SPX60min

ripping today

Just for interest's sake, why don't you trade the Asian markets?

15 min SRS swing system uses 9/39 EMAs. 6 min SKF swing systems uses 15/84 SMAs. Please note that both have profit targets and the SRS system has a stop loss.

RP, your reasoning is sound and your cojones in place. Nice pic of you, by the way in Cabo, strangely enough you are exactly like I imagined. I am also convinced of lower prices before this wave 5 ends and my way of playing this has been through FAZ calls which I have been holding steadfastly, although they are in a definitely a sleep- through-the-night quantity. I am wondering, though, do you plan to hold through 4 of (5) which could take us back up to 760 or will you just hedge around your positions? TIA

Matt, I presume that you are not talking about minor wave 4 having completed but {4} of 3 of (5)? Which would mean that we are still looking for a {5} of 3 of (5) bottom (anywhere between 660-680) then a minor 4 of (5) rally possibly to 760 then a 5 of (5) bottom who knows where.

I'm asking because it seems that the general consensus is that a large major wave 4 rally is at the point of materializing, but if we are yet to complete 3 of (5) that could conceivably quite a ways off and we could see this wave (5) end with much lower prices than most expect (except RP).

I belive that the EMAs for SSO are 16/39. SRS uses 9/39 EMAs. Of course if I'm wrong please correct me.