Goldtent TA Paradise

DUST 2

Neg divs forming…

Stay in trade as long as the 13 is over the 34

 

http://stockcharts.com/h-sc/ui?s=DUST&p=2&yr=0&mn=0&dy=2&id=p15712554648&a=417753534&listNum=1

1. carolynsue13 says:

   September 11, 2015 - 11:21 am at 11:21 am

   I’m not totally clear whether and when to use the 2, the 5 or the 60 to monitor the 13/34 EXPMA changes so I’m using all of them plus of course my JDST stop losses at the 200 day moving average

   • EagleSeagle says:

     September 11, 2015 - 2:11 pm at 2:11 pm

     Carolyn, do you see now why I like the 2 minute charts with these volatile ETFs?

2. kemmrich says:

   September 11, 2015 - 11:31 am at 11:31 am

   Sometimes a negative divergence is just a resetting of the indicators, which could turn out to be a positive. But the 13/24 is a good strategy. The 3x etf’s are killers. Even if you are right on gdx/gdxj price, if you get the time wrong, you still loose:

   GDX (ytd): -28.6% NUGT (ytd): -76.2 DUST (ytd): +27%
   GDXJ (ytd): -20.73 JNUG (ytd): -76.2% JDST (ytd): -27% (??)

   I guess JDST is the worst?

   https://dl.dropboxusercontent.com/u/101504714/pm_etfs.jpg

3. Mark says:

   September 11, 2015 - 11:34 am at 11:34 am

   Completely agree Kemmrich. That’s why it’s especially important to buy support on a pullback as opposed to buying breakouts on these 3X ETFs.

4. EagleSeagle says:

   September 11, 2015 - 11:37 am at 11:37 am

   Yes, Kemmrich this is called a “reverse divergence”…indicators reset while the price continues higher. Carolyn, the 5 minute will not be as busy as the 2 🙂 right! All depends on how you want to play it.

5. kemmrich says:

   September 11, 2015 - 11:38 am at 11:38 am

   Unfortunately I have to retrain myself!! I have trouble buying pullbacks (been more of a breakout type of guy). … and buying breakouts is much higher risk. That is while I have been short, I have reduce holdings and then bought back at higher jdst/dust prices. It is all an education.

6. Tim says:

   September 11, 2015 - 11:41 am at 11:41 am

   DUST’s gains this last hour are rather impressive considering the fact that gold hasn’t broken down below that big support and resistance line that’s current at about $1099. I wonder if stock market trends are adding a little to the GDX’s drop.

   • Mark says:

     September 11, 2015 - 11:47 am at 11:47 am

     I suspect miners are leading the metal as usual. Looking for a more substantial gold drop next week.

7. kemmrich says:

   September 11, 2015 - 12:10 pm at 12:10 pm

   neg divergence: you’re right again! 13/34 still looking solid (for now) on the 60 minute chart.

8. EagleSeagle says:

   September 11, 2015 - 12:15 pm at 12:15 pm

   1214: I see a pos div building on RSI. Stoch 144 remains above 50 Stoch getting ready to leave 20

9. EagleSeagle says:

   September 11, 2015 - 12:19 pm at 12:19 pm

   HEIKIN ASHI 5 minute showing trend change for DUST…up that is

10. EagleSeagle says:

    September 11, 2015 - 12:35 pm at 12:35 pm

    DUST is basing at 32.97 with RSI pos div continuing to build. 34 MA repelled DUST first try…WAIT for 13/34 cross on 2 minute for confirmation. Also, just noted a possible BULLISH descending triangle in the making…breakout should be very soon.

11. EagleSeagle says:

    September 11, 2015 - 2:16 pm at 2:16 pm

    http://stockcharts.com/h-sc/ui?s=NUGT&p=60&yr=0&mn=0&dy=15&id=p40536684764&listNum=1&a=385256974
    NUGT back test