Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (89631)	2/9/2017 11:02:57 AM
From: Qone0	Read Replies (1) \| Respond to of 218584

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.