Looks like it turned back green today, that could change of
course should the market dumpola end of day, as long as it holds
50% of the candle range today will probably stay green
honestly it hasn't been that bad considering how choppy this
year has been. Remember it's a trending indicator MA, does
better in trending years, this year was the choppiest it's been in
many years
I'm talking about the bullish percent gold miner/8 day simple
moving average mechanical system that is occasionally
referenced in the commodity weekend reports.
The $BPGDM is now at 6.67 which crossed down through the 8 SMA
which is at 7.5.
In these extreme times, best to take profits at resistance etc,
these bullish percent charts are gonna lag remember, and since the
last short was over a 30% gain, the odds of the next trade being
small or a whipsaw is high, which is why Steve and I discussed that
and suggested using price action on a normal chart for now
BPT MA Deluxe
Posted by matt on 25th of Aug 2015 at 12:36 pm
Looks like it turned back green today, that could change of course should the market dumpola end of day, as long as it holds 50% of the candle range today will probably stay green
Certainly has switched back and
Posted by burkmere on 25th of Aug 2015 at 01:26 pm
Certainly has switched back and forth f rom green to red to green to red too much this year to be of much help.
honestly it hasn't been that
Posted by matt on 25th of Aug 2015 at 02:32 pm
honestly it hasn't been that bad considering how choppy this year has been. Remember it's a trending indicator MA, does better in trending years, this year was the choppiest it's been in many years
it went back red as
Posted by matt on 25th of Aug 2015 at 03:37 pm
it went back red as price retraced,
BPGDM is now 6.667 and
Posted by oatdust on 25th of Aug 2015 at 01:07 pm
BPGDM is now 6.667 and the 8 SMA is about 7.5, so it looks like that system switched to sell today.
not sure what you mean,
Posted by matt on 25th of Aug 2015 at 01:10 pm
not sure what you mean, first off it's not a system, and it's still green for now
I'm talking about the bullish
Posted by oatdust on 25th of Aug 2015 at 01:24 pm
I'm talking about the bullish percent gold miner/8 day simple moving average mechanical system that is occasionally referenced in the commodity weekend reports.
The $BPGDM is now at 6.67 which crossed down through the 8 SMA which is at 7.5.
Looks like a sell signal ?
apologize, you asked about BPGDM,
Posted by matt on 25th of Aug 2015 at 01:23 pm
apologize, you asked about BPGDM, I read it wrong, I'm really into working on some code so I'm distracted
BPGDM - yes a PSAR sell however the MACD has not crossed so technically not a sell
In these extreme times, best
Posted by matt on 25th of Aug 2015 at 01:25 pm
In these extreme times, best to take profits at resistance etc, these bullish percent charts are gonna lag remember, and since the last short was over a 30% gain, the odds of the next trade being small or a whipsaw is high, which is why Steve and I discussed that and suggested using price action on a normal chart for now
OK thanks, maybe next signal
Posted by oatdust on 25th of Aug 2015 at 01:26 pm
OK thanks, maybe next signal will be better.