Give me a red or black candle on an upper Bollinger band and I'll swing short in this sector. A white candle on the lower Bollinger swings me long. Pretty good sector for swing trading.
Appropriate stops are always...well, appropriate (as is frequent profit-taking).
If GDX breaks out above 54-55 line with some volume, the game will change (and it could eventually given the generally rising bottoms), but for now, I'm short from today's open with a better than break even stop in place at the close.
Simplify, simplify, simplify...
Good trading to everyone.
http://stockcharts.c...2095&r=6330.png
GDX and company
Started by
diogenes227
, Sep 01 2010 03:53 PM
2 replies to this topic
#1
diogenes227
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Posted 01 September 2010 - 03:53 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
dougie
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Posted 01 September 2010 - 07:02 PM
nice entry there Diogenes
#3
diogenes227
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Posted 14 September 2010 - 10:29 AM
Stopped out on the open. Appears the game has changed. Will stand aside for now.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
