No, seriously, it has done this before especially when it is
chopping out a more triangular pattern. At least in the past
we have always bounced back well so we will continue to monitor but
overall this is not necessarily much out of the norm.
What I am watching on this signal is that we did NOT get another
stock in the index go on a guy but instead say the index hold and
the declining 5 day MA caused the trigger so I want to see how the
trade reacts when that is the case. That is not a separate
stat that we have tracked in the past but I may start now.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
GDX Wip Saw (again)
Posted by rharvey on 20th of Sep 2011 at 01:48 pm
Sorry guys, it's all my fault.
I started trading the GDX system. Looks like it's three out of three for me.
I'm sure if i stop trading it, the system will come back to its winning ways.
Please advise...
Posted by libertina on 20th of Sep 2011 at 02:07 pm
Please advise your trading decisions on GDX, I will treat it as rule #12 for the GDX mechanical trading system LOL
Well I didn't want to
Posted by tom on 20th of Sep 2011 at 02:06 pm
Well I didn't want to say anything but.......
No, seriously, it has done this before especially when it is chopping out a more triangular pattern. At least in the past we have always bounced back well so we will continue to monitor but overall this is not necessarily much out of the norm.
What I am watching on this signal is that we did NOT get another stock in the index go on a guy but instead say the index hold and the declining 5 day MA caused the trigger so I want to see how the trade reacts when that is the case. That is not a separate stat that we have tracked in the past but I may start now.