Loading ...Lazy Man’s Plan
Here’s a system I have shown in the past for trading that trades, well… infrequently. It’s made a decent profit though. The basic idea is you sell when $GDXHLP (GDX new highs-new lows %) goes below -20% and buy when it goes above +20%. Notice GDX has still not had the strength to get above +20%.
I am still waiting for the PM’s to show some broad-based strength.
Thanks for sharing KenS! Reminds me of a volatility buy/sell system but in reverse. Here it seems like you’re buying into strength and selling into weakness in a momentum play (as opposed to trying to find reversal points to buy weakness and sell strength). Interesting to see that GDX hasn’t triggered the “Buy” signal yet. Seems like a smaller handful of leading stocks are holding up GDX, but not enough to break +20%!
Nice KenS
But I am NOT that patient.
Some good gains already. Willing to risk giving them all back.
Best of good fortune with you system….looks like a winner for those with some patience
This is really just my way of identifying whether we are in a bull or bear market. So far, we haven’t triggered a bull signal.
It’ll be interesting to see if a breach of $1400 triggers the buy signal. If I were a PM bear, that would be the point I’d have to turn bullish.
Interesting chart, KenS. Thanks.