In "normal times" I guess what you are saying then is that the
system will not long when the BPGDM is at 83.3 or at such a high
level. But I guess these are not normal times because of the
money printing by our gov't. So the real question I guess is
if the GDX goes
parabolicalong
with Gold, then will we make a trading system exception here and go
for it?
Yes rikkwan - that is a good question, does GDX go parabolic and
if so, then yes going long even up here will do well, hard to say.
Again if you choose too, just place an 8% stop for 5 trading
days, then move it down to 6%. Or use the 60 and 15 min
charts for better timing which is what I personally like to do.
I think the GDX is going to do what the SPX does, what I mean,
if the SPX makes a new high, then I think GDX will as well.
If somehow SPX does not, then I don't think GDX will
either
gdx
BPGDM will cross over the 8 day MA today
Posted by fixdgear on 2nd of Dec 2010 at 10:29 am
so if u were short from the last post then today is the stop out indeed correct?..
parabolic gdx?
Posted by rikkwan on 2nd of Dec 2010 at 01:12 pm
In "normal times" I guess what you are saying then is that the system will not long when the BPGDM is at 83.3 or at such a high level. But I guess these are not normal times because of the money printing by our gov't. So the real question I guess is if the GDX goes parabolicalong with Gold, then will we make a trading system exception here and go for it?
Yes rikkwan - that is
Posted by matt on 2nd of Dec 2010 at 01:26 pm
Yes rikkwan - that is a good question, does GDX go parabolic and if so, then yes going long even up here will do well, hard to say. Again if you choose too, just place an 8% stop for 5 trading days, then move it down to 6%. Or use the 60 and 15 min charts for better timing which is what I personally like to do.
I think the GDX is going to do what the SPX does, what I mean, if the SPX makes a new high, then I think GDX will as well. If somehow SPX does not, then I don't think GDX will either
was there an alert sent
Posted by john9o9 on 2nd of Dec 2010 at 04:33 pm
was there an alert sent out onthis? I didn't get anything.
I got it at 3:52pmEST
Posted by stevedfw on 2nd of Dec 2010 at 04:41 pm
I got it at 3:52pmEST today via email.