Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

[Qone0]

To answer your question. I've been a very short term trader. My business is seasonal so I can only trade from OCT through about mid March. I decided that was stupid I should be trading all year. But I can't sit and watch the short term trades during my busy seasons.

So I cleared my mind of all short term trading methods and started a study of daily charts in GLD. I was planning on trading gold futures is the reason for GLD study.

Went back to 2014 looking for daily patterns in GLD after work. The first thing I noticed was MACD histo crossing up and down with the price then going to the Bollinger band like a rocket or a rock depending on the direction of the cross. So I counted them cross to the band. This the 90%

Then I studied the behavior of the price at the band. GLD likes to push into the band both up and down after a stall and short bounce at the band. Then a push into the band. I counted these also 70% it pushes into the band. This can be refined with band width but that's another study.

3 days is the average stall at the band, 5 days is the average push into the band. RSI 7 should and horizontal support resistance combined should tell me when the push is done.