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
Holland...I review how I judge
ATHX Update
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!![Money mouth Money mouth](http://breakpointtrades.com/tinymce/plugins/emotions/img/smiley-money-mouth.gif)