to see your system short time frames, I cant help but suffer with my own swing trade time frames as well... what my swing pattern mindset has me seeing in recent days is the bias toward trading upward with NUGT , ok so far, BUT the resistance zone around 32.50-33.50 is toppy around 33.50. Yes, theres a chance it could extend to 34 and 35, even 36, so its risky to be in either NUGT or DUST in a zig zag gyration zone, what I'm seeing happen that bothers me a little, is that the open will plunge down and then surge back up to targets... that is throwing me off.
When I look at my swing pattern targets, I was looking to enter DUST around 5.80/then 5.70 area and also at 5.65 area to bounce back to target around 6.05-6.20 area. This might correspond with NUGT getting toppy around 33/34 area. so my bias for the last day or two was to not be trying to trade NUGT upward, since it already reached my swing target zone, rather I'm looking to see DUST fall into the buy target area around 5.65/5.70 and thats what it did today. My next trade would not have been NUGT for the last 2 days. but now DUST entry at 5.65 today at 11:35 am. My target is 6.00-6.05 area,but IF I abide by your intraday close (no holding overnight) I'd have to be satisfied with 30 cents as my trade. closing at 5.95. and on 700 shares ($4000) I would have banked about 200 dollars on that trade.
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