GDX - Chart Link - GDX continues to get
pummeled, no one would be surprised as it was trending down and
many of the individual components like NEM, IAG, CDE, got destroyed
on earnings, also the market sell off does not help GDX
GDX - Chart Link - The Renko system has
been short for a while and is currently up about 7.76%, the
reversal out price comes in at 47.88 and above.
$BPGDM - Chart Link - however the BPGDM
system has been long and going against the trend, today it is going
to reverse back short at the close for a big losing trade.
The fact that the BPGDM was so off from the other two charts
was a warning.
GDX Analysis, and Renko/BPGDM systems
Posted by matt on 15th of Nov 2012 at 12:51 pm
GDX - Chart Link - GDX continues to get pummeled, no one would be surprised as it was trending down and many of the individual components like NEM, IAG, CDE, got destroyed on earnings, also the market sell off does not help GDX
GDX - Chart Link - The Renko system has been short for a while and is currently up about 7.76%, the reversal out price comes in at 47.88 and above.
$BPGDM - Chart Link - however the BPGDM system has been long and going against the trend, today it is going to reverse back short at the close for a big losing trade. The fact that the BPGDM was so off from the other two charts was a warning.
$BPGDM System stop loss
Posted by jlevinthal on 15th of Nov 2012 at 01:16 pm
Didn't the BPGDM System stop out yesterday at 8%? or do I misunderstand the rules
I thought I had removed
Posted by matt on 15th of Nov 2012 at 01:25 pm
I thought I had removed that stop, but after looking at it again, it was for the Renko system not the BPGDM system