I apologize for the late day posting of this, I didn't
realize it until late in the day, however the BPGDM will be closing
below the 8 day MA. This reverses the GDX from long to short.
GDX is open for 4 hrs after the market closes if you wanted
to do the trade.
Because of the recent whippiness of the system, I may be taking
this system offline. We have a much more powerful system
coming online soon, the SPY swing system
Posted by jaycrockett on 14th of Apr 2011 at 06:34 pm
I, for one, will continue to follow your BPGDM GDX system even
if I don't initiate a trade using only this tool. I have been
trading using the 60 min. GDX:GLD 13/34/55 EMAs that you introduced
us to but I still look at the swing system as confirmation.
No method works all the time - I remember last year even your
long-term tool - the Mechanical System From 1961 - was whipping
around like it was a 5 min. indicator. But if you hung in
there, you would have bought the SPX at 1073. Just when you
think it is time to ditch a tried and true system, it throws you a
winner.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
BPGDM GDX system
Posted by matt on 14th of Apr 2011 at 04:00 pm
I apologize for the late day posting of this, I didn't realize it until late in the day, however the BPGDM will be closing below the 8 day MA. This reverses the GDX from long to short. GDX is open for 4 hrs after the market closes if you wanted to do the trade.
Because of the recent whippiness of the system, I may be taking this system offline. We have a much more powerful system coming online soon, the SPY swing system
BPGDM GDX system
Posted by jaycrockett on 14th of Apr 2011 at 06:34 pm
I, for one, will continue to follow your BPGDM GDX system even if I don't initiate a trade using only this tool. I have been trading using the 60 min. GDX:GLD 13/34/55 EMAs that you introduced us to but I still look at the swing system as confirmation. No method works all the time - I remember last year even your long-term tool - the Mechanical System From 1961 - was whipping around like it was a 5 min. indicator. But if you hung in there, you would have bought the SPX at 1073. Just when you think it is time to ditch a tried and true system, it throws you a winner.