isn't it possible that the gdx scan an hour before the close
didn't show a change because there wasn't one????? thus it is
possible the basis for change occurred in the last hour or even in
the last few minutes. as for taking this trade blindly, or
being concerned you missed it, just wait for a bit on Monday
and you should be able to enter your trade at a better price than
the closing GDX price. as for me, I waited a couple of days
on the august trade and got 2+% better entry. it was worth the
wait. with the 60 minute chart oversold on gdx, I think I will give
it some time for a better entry. what is the worst that can
happen... I miss this one, so what... experienced traders have
patience, without that... you become road kill.
Posted by frtaylor on 19th of Dec 2010 at 06:08 pm
A few weeks ago I did an analysis. I compared to see if
you entered only the trades that retraced 1% or 2%, and the results
were that you did not do as well. This makes sense, since some of
the retraces wound up being stop outs - the trade was headed in the
wrong direction. And the few trades that did not retrace were
headed in the
rightdirection and did very well, so you miss out on those
by waiting for a better price that does not materialize.
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gdx system - what if....
GDX System, No notification
Posted by hazbin1 on 19th of Dec 2010 at 02:33 pm
isn't it possible that the gdx scan an hour before the close didn't show a change because there wasn't one????? thus it is possible the basis for change occurred in the last hour or even in the last few minutes. as for taking this trade blindly, or being concerned you missed it, just wait for a bit on Monday and you should be able to enter your trade at a better price than the closing GDX price. as for me, I waited a couple of days on the august trade and got 2+% better entry. it was worth the wait. with the 60 minute chart oversold on gdx, I think I will give it some time for a better entry. what is the worst that can happen... I miss this one, so what... experienced traders have patience, without that... you become road kill.
A few weeks ago I
Posted by frtaylor on 19th of Dec 2010 at 06:08 pm
A few weeks ago I did an analysis. I compared to see if you entered only the trades that retraced 1% or 2%, and the results were that you did not do as well. This makes sense, since some of the retraces wound up being stop outs - the trade was headed in the wrong direction. And the few trades that did not retrace were headed in the rightdirection and did very well, so you miss out on those by waiting for a better price that does not materialize.