kbguptais correct,
I'm referring to the GDX swing system short, see the GDX swing
system page. There is no target per say as it's a system
trade, unless you choose to exit at one of the statistic price
targets such as 10% or 15% which historically has been the best one
and my personal favorite.
I believe Matt is referring to the mechanical system. So the
algorithm and targets are outlined in the GDX swing system section.
As a side note, there will be resistance at the 150d SMA
(54.62) and 200d SMA (53) and 61.8% retracement (53).
GDX short doing well today
Posted by matt on 6th of Jan 2011 at 10:53 am
the last two GDX system trades have been minor whips, maybe this short will close out as a nice trade, we'll see
Target
Posted by dlutzky on 6th of Jan 2011 at 04:45 pm
what is the target for the GDX short
kbguptais correct, I'm referring to the
Posted by matt on 6th of Jan 2011 at 06:31 pm
kbguptais correct, I'm referring to the GDX swing system short, see the GDX swing system page. There is no target per say as it's a system trade, unless you choose to exit at one of the statistic price targets such as 10% or 15% which historically has been the best one and my personal favorite.
GDX swing system page
I believe Matt is referring
Posted by kbgupta on 6th of Jan 2011 at 05:08 pm
I believe Matt is referring to the mechanical system. So the algorithm and targets are outlined in the GDX swing system section. As a side note, there will be resistance at the 150d SMA (54.62) and 200d SMA (53) and 61.8% retracement (53).
I sure hope so! I'm
Posted by frtaylor on 6th of Jan 2011 at 10:54 am
I sure hope so! I'm in