bluezango...I bet you're glad I didn't post many RVM setups
regarding XLE OIH GLD GDX on Monday. I explained my rationale again
last night. GDX and XLE made new lows today and GLD retesting
lows. I prefer to focus on better setups then guessing bottoms
without supporting evidence.
I suppose most wouldn't have triggered anyway but like Steve and
I say, you want to see div on a 60 min chart and preferably some
kind of wedge pattern, otherwise the probability is too low and we
pass on them as too subject to false breaks
Posted by bluezango on 22nd of Jul 2015 at 11:50 pm
Yes, it would have to have been very fast 1/2 day 7/21 trades
with tight stops for 1 fast bounce, but all of them would have made
money and did bounce. Max gains off 7/20 close: FCX 6.6%, GDX
5.5%, OIH 2.7%, XLE 1%, GLD .5%, but as you say maybe odds were
low.
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bluezango...I bet you're glad I
Why no Reversion To Mean (RTM) suggestions or ideas on OIH, FCX, GLD, JDX, XLE?
Posted by steve on 22nd of Jul 2015 at 03:46 pm
bluezango...I bet you're glad I didn't post many RVM setups regarding XLE OIH GLD GDX on Monday. I explained my rationale again last night. GDX and XLE made new lows today and GLD retesting lows. I prefer to focus on better setups then guessing bottoms without supporting evidence.
I suppose most wouldn't have
Posted by matt on 22nd of Jul 2015 at 03:48 pm
I suppose most wouldn't have triggered anyway but like Steve and I say, you want to see div on a 60 min chart and preferably some kind of wedge pattern, otherwise the probability is too low and we pass on them as too subject to false breaks
Yes, it would have to
Posted by bluezango on 22nd of Jul 2015 at 11:50 pm
Yes, it would have to have been very fast 1/2 day 7/21 trades with tight stops for 1 fast bounce, but all of them would have made money and did bounce. Max gains off 7/20 close: FCX 6.6%, GDX 5.5%, OIH 2.7%, XLE 1%, GLD .5%, but as you say maybe odds were low.