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Re: rotor1 post# 4565

Wednesday, 03/22/2017 6:54:39 PM

Wednesday, March 22, 2017 6:54:39 PM

Post# of 6139
I like your strategy rotor1. Lately I've been watching the 60 minute chart on the miner such as GDXJ and then when it starts riding the upper/lower BB I watch the 5 minute chart of the respective ETF, JDST/JNUG and wait for a break off the BB and then I use the 5 minute to try to pinpoint an entry. Also use the 4 and 9 moving averages too. Worked nice on JDST yesterday and I got a nice entry, just wish I held a few shares with at least a Break Even stop loss. Had a 12.70 entry, could have held longer. Especially now that Etrade cut the commissions in half.

The nice thing about charting is that it works on all time frames.

Might have to give the 3 or 2 minute a try as well, thanks.