Curious if anyone would be looking to scale into a swing long on
GDX here?
Seemed like some capitulation yesterday but i'm wondering why
there wasn't a larger move up today... so far... anyone have any
comments or thoughts here?
GDX is underperforming both the metal and the broad market today
(at least from the opening gap that is). What remains to be
seen is how GDX holds up in a real broad market sell off (hasn't
happened in a while).
Holland...I review how I judge valid objective swing versus
trade entries in my tutorials. Hint: picking exact bottoms is not
commensurate with swing entries. I will consider trading off lows
(if triggered) for a trade. Be mindful, that trade could last
anywhere from a day to a few weeks (in some cases) but for swing
trades I prefer to see a HIGHER LOW (or double bottom) established.
All this and more I discuss in these tutorial sessions. Thus,
I would not consider GDX a swing trade candidate at this time. My
objective is to not attempt to catch bottoms but wait for an
objective entry for a swing trade. With that said, I will
certainly consider a trade in GDX should it provide such an
opportunity.
holland - again just have to see how it develops - I attached a
few charts - the first 2 charts show 60 min charts which I
discussed last night, the 20 and 50 MA's and the 1575 is a good
resistance area. The 3rd chart shows the Fibs, the 50 and
61.8% Fibs are also areas to watch, the 61.8% Fib is at 1580
ATHX Update
Posted by steve on 16th of Apr 2013 at 09:44 am
ATHX - Chart Link
Been a nice runner for sure DK...congrats to you on taking earlier this year.
ATHX
Posted by DK on 16th of Apr 2013 at 11:27 am
ATHX is going ballistic on huge volume. Tempted to peel a bit off here, but the long term prospects for this company are off the charts.
nice trade DK!
Posted by matt on 16th of Apr 2013 at 11:32 am
nice trade DK!
Swing Trade GDX
Posted by holland on 16th of Apr 2013 at 11:51 am
Curious if anyone would be looking to scale into a swing long on GDX here?
Seemed like some capitulation yesterday but i'm wondering why there wasn't a larger move up today... so far... anyone have any comments or thoughts here?
GDX is underperforming both the
Posted by kalinm on 16th of Apr 2013 at 12:08 pm
GDX is underperforming both the metal and the broad market today (at least from the opening gap that is). What remains to be seen is how GDX holds up in a real broad market sell off (hasn't happened in a while).
Holland...I review how I judge
Posted by steve on 16th of Apr 2013 at 12:06 pm
Holland...I review how I judge valid objective swing versus trade entries in my tutorials. Hint: picking exact bottoms is not commensurate with swing entries. I will consider trading off lows (if triggered) for a trade. Be mindful, that trade could last anywhere from a day to a few weeks (in some cases) but for swing trades I prefer to see a HIGHER LOW (or double bottom) established. All this and more I discuss in these tutorial sessions. Thus, I would not consider GDX a swing trade candidate at this time. My objective is to not attempt to catch bottoms but wait for an objective entry for a swing trade. With that said, I will certainly consider a trade in GDX should it provide such an opportunity.
I sent you a private message.
holland - again just have
Posted by matt on 16th of Apr 2013 at 12:11 pm
holland - again just have to see how it develops - I attached a few charts - the first 2 charts show 60 min charts which I discussed last night, the 20 and 50 MA's and the 1575 is a good resistance area. The 3rd chart shows the Fibs, the 50 and 61.8% Fibs are also areas to watch, the 61.8% Fib is at 1580
GDX/GDXJ swing trade
Posted by hazbin1 on 16th of Apr 2013 at 12:08 pm
an i'm looking forward to that opportunity!
man that ATHX just keeps
Posted by matt on 16th of Apr 2013 at 11:01 am
man that ATHX just keeps going, I sold too soon, sold yeterday