GDX - Chart Link member bptl pointed out
to me two gaps from back in Dec 2008 therefore here's the chart,
the one from Dec 10th isn't that far aware in the low 26 area.
I'm not one who thinks that gaps from that far back hold huge
pulling power and HAVE to be filled like the old saying 'all gaps
must be filled' however I thought I would point them out in case
GDX has another leg down.
what's your question lambeau you had nothing in your message?
about GDX mechanical system? As I stated weeks ago, I took
the BPGDM system offline, perhaps I will try to bring it back one
day, but I had some concerns about it and the BPGDM and stated that
for now it's better to just trade GDX using normal Technical
Analysis and triggers
Not sure what happened to my question - I typed it in the body
but it did not show up when I hit reply.
Regardless, yes, that was my question as to what became of the
GDX mechanical system. I must have missed your previous post
regarding taking the system offline. Seemed like its stats were
pretty good overall...
In order for me to feel comfortable with it I would need to go
over all the trades and revamp it, add some rules like I have in
the BPENER system etc.
otherwise as I say here, trade it using normal TA, because it's
gonna be a LONG TIME before the BPGDM moves up, I think it would
take a big move off the lows to even get that to respond now
considering how oversold the stocks are
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
GDX 2008 gaps
Posted by matt on 18th of Apr 2013 at 10:32 am
GDX - Chart Link member bptl pointed out to me two gaps from back in Dec 2008 therefore here's the chart, the one from Dec 10th isn't that far aware in the low 26 area. I'm not one who thinks that gaps from that far back hold huge pulling power and HAVE to be filled like the old saying 'all gaps must be filled' however I thought I would point them out in case GDX has another leg down.
GDX Mexhanical System
Posted by lambeau on 18th of Apr 2013 at 10:59 am
what's your question lambeau you
Posted by matt on 18th of Apr 2013 at 11:18 am
what's your question lambeau you had nothing in your message? about GDX mechanical system? As I stated weeks ago, I took the BPGDM system offline, perhaps I will try to bring it back one day, but I had some concerns about it and the BPGDM and stated that for now it's better to just trade GDX using normal Technical Analysis and triggers
Not sure what happened to
Posted by lambeau on 18th of Apr 2013 at 03:00 pm
Not sure what happened to my question - I typed it in the body but it did not show up when I hit reply.
Regardless, yes, that was my question as to what became of the GDX mechanical system. I must have missed your previous post regarding taking the system offline. Seemed like its stats were pretty good overall...
I discussed it in a
Posted by matt on 18th of Apr 2013 at 03:08 pm
I discussed it in a lot of newsletters, otherwise I posted some things on the blog as well
http://breakpointtrades.com/blog/search.php?search=gdx+system+offline&topic=All-Topics&poster=matt&startdate=&enddate=&page=1
In order for me to feel comfortable with it I would need to go over all the trades and revamp it, add some rules like I have in the BPENER system etc.
otherwise as I say here, trade it using normal TA, because it's gonna be a LONG TIME before the BPGDM moves up, I think it would take a big move off the lows to even get that to respond now considering how oversold the stocks are