Direxion Daily Gold Miners Be (DUST)

[RainerRocks]

Here's a trick I use...

On days I can't find anything good to scalp (runners) during the first hour or 3 I get up and get stuff done.

Leave my PC on and come back at around 2pm.

I look for stocks that are at least 5 ticks below their VWAP that have a lot of V and V and make sure there was no big news during that day pertaining to that stock.

I then check the previous 5 days to see where they close at.I want to make sure they closed at or near their VWAP.I'm looking for consistency.

I'm looking to see where they closed at,because ,usually a stock will close at or near their VWAP most of the time.

Then when all of the above is met I enter with a buy order when PPS is at least 5 ticks below its VWAP and wait for it to drift back up to its VWAP and exit with 5 ticks give or take profit.

Sometimes I can do this several times on good days.

PS: You can also use the VWAP thru out the day to scalp a few ticks here and there all day.PPS will always trade in a side way channel (before break out) going up and down crossing its VWAP each time.