today's move of GDX has been strong so far and looks impulsive.
Great job on the RSI-2 system trade! However, can you tell us
whether the momentum indicator of the daily chart has turned green
or not? My understanding is the GDX RSI-2 system may hold the trade
longer if the momentum indicator turns green even if RSI
closes back above 80.
It was still red when I checked last time, in the morning, I
think it only changes color by the end of the day,becos
it is a daily indicator, Matt could correct me if I am wrong, at
this pt of time is positioned to to close above the 9 day moving
average.
Matt, today's move of GDX has
GDX 15 min follow up
Posted by shinings on 9th of Apr 2013 at 12:47 pm
Matt,
today's move of GDX has been strong so far and looks impulsive. Great job on the RSI-2 system trade! However, can you tell us whether the momentum indicator of the daily chart has turned green or not? My understanding is the GDX RSI-2 system may hold the trade longer if the momentum indicator turns green even if RSI closes back above 80.
Thanks,
GDX momentum indicator
Posted by kattap on 9th of Apr 2013 at 01:12 pm
It was still red when I checked last time, in the morning, I think it only changes color by the end of the day,becos it is a daily indicator, Matt could correct me if I am wrong, at this pt of time is positioned to to close above the 9 day moving average.
thanks
kattap
thank you kattap.
Posted by shinings on 9th of Apr 2013 at 01:45 pm
thank you kattap.
GDX small h&S on the 5 min?
Posted by holland on 9th of Apr 2013 at 01:45 pm