Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: GROUND ZERO™ who wrote (89631)	2/9/2017 11:02:57 AM
From: Qone0	Read Replies (1) of 218591

I don't know about shorting and forgetting GDXJ and its 3xs. They seem trade in trends very well. If you short and forget the most you can make is 100% JNUG has gone from 4.00 to 12.00 in this 6 week trend. Following the price of gold. But that's not how I trade it. GDXJ has a relationship with gold but its not connected directly to the price of gold. It follows the price of gold but does not trend like gold. It sets up stairs that trade from Bollinger band to Bollinger band on a 60 min chart. When the daily Bollinger pinches it breaks out of the stair and establishes a new stair. Following the price of gold. Any daily candle outside the Bollinger band will be taken back. That's it. In JDST at 11.85 out at 13.50 as the candle is taken back. wait for the new stair to establish and trade it. Rinse repeat.

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