I asked the same question, Matt's reply is that the stop is "
actually from an entry price of 60, which means the stop is 63.6.
I have to correct this on the GDX page.
REMEMBER the system says to short when the GDX goes to 84% or
higher, that occurred on Nov 4th at a price of 60.0.
what I have on the page currently is the GDX price when it crossed
below the 8 day MA at 58.05, however that is not correct, per the
system the trade was entered at 60."
That initial short entry at 60 when the >84.5 was stopped out
since at that time the stop was 6% and had not changed to 8%
yet. The present short entry is 58.05 when the MA
crossed.
GDX stop
Posted by dallassteve on 2nd of Dec 2010 at 10:03 am
The 6% stop on the GDX mechanical system is at 61.12
It is getting close.
Matt/Steve, is this correct? The GDX system page is still showing the 8% stop.
Thanks.
The GDX system is stopped
Posted by maxeaus on 2nd of Dec 2010 at 10:11 am
The GDX system is stopped out
this is what Matt sent me
Posted by frtaylor on 2nd of Dec 2010 at 10:07 am
I asked the same question, Matt's reply is that the stop is " actually from an entry price of 60, which means the stop is 63.6. I have to correct this on the GDX page.
REMEMBER the system says to short when the GDX goes to 84% or higher, that occurred on Nov 4th at a price of 60.0.
what I have on the page currently is the GDX price when it crossed below the 8 day MA at 58.05, however that is not correct, per the system the trade was entered at 60."
i was stopped out of
Posted by rank10 on 2nd of Dec 2010 at 10:38 am
i was stopped out of my short this morning for a small 2% gain......but i wasn't following the GDX system
me too
Posted by fixdgear on 2nd of Dec 2010 at 10:41 am
but mine was a small loss..
thanks
Posted by dallassteve on 2nd of Dec 2010 at 10:13 am
for the clarification of the GDX trade.
That initial short entry at
Posted by stevedfw on 2nd of Dec 2010 at 10:11 am
That initial short entry at 60 when the >84.5 was stopped out since at that time the stop was 6% and had not changed to 8% yet. The present short entry is 58.05 when the MA crossed.
The current entry was 57.66
Posted by maxeaus on 2nd of Dec 2010 at 10:16 am
The current entry was 57.66 therefore the stop was 61.12, stopped out. The previous trade was also stopped out before the rule change.
Where do you get 58.05 from?
Time for the referees to
Posted by algyros on 2nd of Dec 2010 at 10:21 am
Time for the referees to look at the tape and make a call. Matt?