Posted by josephroth on 9th of Feb 2016 at 03:42 pm
I started stalking it and caught it at 16.74, so thank you very
much. Took half off at 16.86 when it slowed down I did not really
have a disciplined reason beyond wanting to capture profits.
Managing the other half, some ideas on targets?
Daily 5sma is at 16.60 but since took half off already thinking
the daily 9SMA (15.56)with a trailing stop above the 15 min
20sma (17.44) Wanna give it some room since daily is still so
overextended.
What I don't really have a good feel for is when you get
parabolic moves up like GDX, NEM , AEM etc....is the move down just
as parabolic? I think I recall steve in a newsletter stating it can
be choppy so wanna account for that as we trail.
nice trading guys, yesterday's gap up and doji were a good sign
to watch for a trade today, and great job using the intra day
charts to hone your entries on the short!
GDX 3m/5m
Posted by mla127 on 9th of Feb 2016 at 12:36 pm
Another wedge is forming
Targets?
Posted by josephroth on 9th of Feb 2016 at 03:42 pm
I started stalking it and caught it at 16.74, so thank you very much. Took half off at 16.86 when it slowed down I did not really have a disciplined reason beyond wanting to capture profits.
Managing the other half, some ideas on targets?
Daily 5sma is at 16.60 but since took half off already thinking the daily 9SMA (15.56)with a trailing stop above the 15 min 20sma (17.44) Wanna give it some room since daily is still so overextended.
What I don't really have a good feel for is when you get parabolic moves up like GDX, NEM , AEM etc....is the move down just as parabolic? I think I recall steve in a newsletter stating it can be choppy so wanna account for that as we trail.
Thanks again.
GDX 3m/5m
Posted by mla127 on 9th of Feb 2016 at 01:28 pm
Redrawn ...
GDX 3m/5m
Posted by mla127 on 9th of Feb 2016 at 02:11 pm
Boing ....
GDX 3m/5m
Posted by mla127 on 9th of Feb 2016 at 02:58 pm
Full retrace of the pattern ... and then some
Nice!
Posted by zitron on 9th of Feb 2016 at 03:14 pm
nice trading guys, yesterday's gap
Posted by matt on 9th of Feb 2016 at 03:18 pm
nice trading guys, yesterday's gap up and doji were a good sign to watch for a trade today, and great job using the intra day charts to hone your entries on the short!
yep nice trade, not a
Posted by matt on 9th of Feb 2016 at 02:26 pm
yep nice trade, not a true wedge as wedges need 5 waves, that one has 4, but you got a trigger and that's what matters
again when the market rallied off the lows, GDX pulled back, trading lock step inverse to one another here lately