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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I suppose most wouldn't have
Why no Reversion To Mean (RTM) suggestions or ideas on OIH, FCX, GLD, JDX, XLE?
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.