SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Henry D who wrote (1646)9/26/2002 6:02:16 PM
From: Ray Rueb  Read Replies (1) of 1854
 
PDG currently in a HOLD SHORT pattern

IMHO, too early to cover.

Thanks for following up on this one, as it can be an interesting discussion.

Look at the MACD portion of this chart:
139.142.147.218

The MACD SHORT signal was 3 days ago at 10.3 (2 MACD down days in a row after a crest following a rise from negative territory). Possibly you can see a SHORT signal a few days before that, but the one 3 days ago is clearer.

The MACD short term COVER signal will be the first MACD up day. Hopefully this will be following a protracted slide into negative territory 6 or 8 trading days from now.

I'm not talking about maximizing profit, just minimizing risk.

In this case you shorted at a mid to late point on the up slope (who knows how high this could have run? Risky, risky) and covered at an early point on the down slope.

You made a profit, that is good. During the same time period, most of my short positions slid 30%, not the 10% you struggled for.

Again, in the most supportive way I can say this, make your life easier and short on the downslope. Please take the time to look at the correlation between these MACD charts and price movements. Add this tool to your war chest and "learn, then earn". Surf the waves, don't fight them.

You all be careful out there
Ray
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News