GDX Swing Trade System Triggers Long
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Hello and good afternoon everyone, today the GDX Swing Trade system is triggering a long; remember this is an end of day system, therefore per the system, the trade is entered at the end of the day. Per my intra day scan, the BPGDM will close slightly over the 8 day MA today, which trigger's the swing long. Remember the BPGDM chart does not update on Stockcharts.com until about 2 hrs after the market closes or 6:00 PM EST. However our scan tells us ahead of time what it is doing. Here's the Stockcharts.com chart: Also remember that the GDX system is listed on the website in the Section called: GDX Swing System page on Website Below I've attached a table of the statistics. We have added 4 various tweaks to the system, for example teak #1 has you exiting the position after a 10% gain is achieved, which appears to take away many of the previous losing trades but the overall total is lower, while scenario #4 has you selling out of your position after a 20% gain, which doesn't happen very often but has the highest overall total. It is up to you which of these to follow: |
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