Bill - Any close/price above the 200 day MA, negates it the
short, the system would stay in cash. The 200 day MA is
57.85. That's what the rule states
3. Do not short GDX if the price is < 3%
above the 200 day MA, Instead go to cash and wait for the next buy
signal.
now honestly I bet that rule would also work well with a slight
close below the 200 day MA as well because stocks and indexes tend
to undercut the 200 MA slightly and then rebound, however I cannot
make that major change to the system rules intra day on the fly.
I dont get it either . at or above the 200 ma. 57.85 GDX. so how
can the email sent out say short unless another
message.
nevver played the GDX because its was too complicated with all
the different rules. cant yolu put a number at the close above or
below like trhe spy system?
yes < means less than 3% above the 200 day MA, a close >
3% over the 200 day MA the system will short. Of course the system
will short below the 200 MA
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Tom, could you talk about
GDX Swing System Alert
Posted by algyros on 28th of Jul 2011 at 11:27 am
Tom, could you talk about how rule #3 applies to this signal?
algyros - if GDX closes
Posted by matt on 28th of Jul 2011 at 12:13 pm
algyros - if GDX closes above the 200 day MA today, the system will not short.
200 MA on GDX
Posted by billnew52 on 28th of Jul 2011 at 02:53 pm
Matt,
I show the GDX right on the 200 day Simple MA. Do you have an exact amount above which the system will NOT short?
Thank
Bill - Any close/price above
Posted by matt on 28th of Jul 2011 at 03:16 pm
Bill - Any close/price above the 200 day MA, negates it the short, the system would stay in cash. The 200 day MA is 57.85. That's what the rule states
3. Do not short GDX if the price is < 3% above the 200 day MA, Instead go to cash and wait for the next buy signal.
now honestly I bet that rule would also work well with a slight close below the 200 day MA as well because stocks and indexes tend to undercut the 200 MA slightly and then rebound, however I cannot make that major change to the system rules intra day on the fly.
Tom sent out an email regarding this
I dont get it either
Posted by RM686 on 28th of Jul 2011 at 03:14 pm
I dont get it either . at or above the 200 ma. 57.85 GDX. so how can the email sent out say short unless another message.
nevver played the GDX because its was too complicated with all the different rules. cant yolu put a number at the close above or below like trhe spy system?
Man guys, it's not complicated,
Posted by matt on 28th of Jul 2011 at 03:18 pm
Man guys, it's not complicated, the rule states:
3. Do not short GDX if the price is < 3% above the 200 day MA, Instead go to cash and wait for the next buy signal.
that means do not short GDX in the range from the 200 day MA up to 3% above it.
for simplicity sake, let's say the 200 day MA is $100, that means dont' short GDX between the range of $100 and $102.99
I thought arrow < means
Posted by RM686 on 28th of Jul 2011 at 03:34 pm
I thought arrow < means greater than not between?? so 57.88 x.03= 1.75 means what dont short between 57.85 ans 59 .58 what about 60??
simple nunbers what to do would be better imho.
LOL
Posted by bristol on 28th of Jul 2011 at 03:38 pm
LOL
yes < means less than
Posted by matt on 28th of Jul 2011 at 03:35 pm
yes < means less than 3% above the 200 day MA, a close > 3% over the 200 day MA the system will short. Of course the system will short below the 200 MA