Replies to post #4571 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[Sendme]

rotor1, what did you do about your alergies?

I do the same on my Etrade platform ( watch JDST/JNUG) side by side to try to buy the dips.

FWIW, this was the set up on JDST that I took the other day around 12.70
This is a 5 minute chart which is good for scalping and not trend reversals.

My favorite set up is a divergence between price and RSI, especially when there is some form of a 5 wave involved. This trade also coincided with the GDXJ bouncing off of the top BB on the 60 minute chart (see 2nd chart)



I will often look at the 60 minute chart to get a better idea if there might be a trend change. Then use the 5 minute chart to pinpoint an entry.
This is just something that I noticed on the GDXJ chart and used it to my advantage. I like the bounce off of the top or bottom BB for better scalps.