Torvix, I will be cautious at these levels - I run simple
backtest with following rules - Buy: Daily GDX is down more than 5
percent and 60stochastic of GDX,SLV,GLD is less than 5 percent ,
Sell: after 1,2,3,4,5 days in trade. Image is selfexplanatory.
agree it's getting washed out but you need a trigger and set
discipline, you just buy without a trigger. That trigger can
be anything such as a doji candle on the time frame you follow, or
a pattern like a falling wedge or trendline and divergence but you
need something
I agree with you completely, especially on trading.
For investors I do think they can just tuck some away with a 50%
downside and 300% upside. Of course just a usual position size and
nothing is for sure, look at TQQQ and UVXY for example. But I think
they look like having asssymetrical risk at this point.
Matt: JUNG is down 28%
Posted by torvix on 16th of Aug 2018 at 01:33 am
Matt: JUNG is down 28% for the week so far, and was down 17% yesterday. Is now back to its lows of 2016-17
Looks like capitulation yesterday. Good luck.
Posted by torvix on 16th of Aug 2018 at 01:40 am
Looks like capitulation yesterday.
Good luck.
Torvix, I will be cautious
Posted by iz_bs on 16th of Aug 2018 at 07:03 am
Torvix, I will be cautious at these levels - I run simple backtest with following rules - Buy: Daily GDX is down more than 5 percent and 60stochastic of GDX,SLV,GLD is less than 5 percent , Sell: after 1,2,3,4,5 days in trade. Image is selfexplanatory.
Looks like a no brainer
Posted by torvix on 16th of Aug 2018 at 11:01 am
Looks like a no brainer to me
agree it's getting washed out
Posted by matt on 16th of Aug 2018 at 12:53 pm
agree it's getting washed out but you need a trigger and set discipline, you just buy without a trigger. That trigger can be anything such as a doji candle on the time frame you follow, or a pattern like a falling wedge or trendline and divergence but you need something
I agree with you completely,
Posted by torvix on 16th of Aug 2018 at 10:28 pm
I agree with you completely, especially on trading.
For investors I do think they can just tuck some away with a 50% downside and 300% upside. Of course just a usual position size and nothing is for sure, look at TQQQ and UVXY for example. But I think they look like having asssymetrical risk at this point.
JNUG has collapsed and the
Posted by torvix on 16th of Aug 2018 at 11:40 pm
JNUG has collapsed and the gold and gold stocks looking to turn next week or the week after, so I don't see much risk here.
I tell you int a complete no brainer man.
The manipulators are out there in full force pushing it down artificially. Next week or two rebound begins IMO.
Very high volume too.
Posted by torvix on 16th of Aug 2018 at 11:12 am
Very high volume too.