That seems to be a good track record for that particular run up. When have you signals hit this year? That Feb 24 one was really early an not worth paying attention to. The May one got you out while the flag formed so you could have bought the flag break out. The ultimate top was a money call, had one more spurt higher, but then the H&S formed & confirmed the top.
Looks like we have made an intermediate term high….
I should have been more disciplined and stuck to my mechanical sell signal yesterday.
Day trade, swing trade, longer term trade, hour trade? Please specify and provide charts/other TA. TIA!
We would have to get back above 170.30 on GLD to get back in channel.
Unfortunately the system does not give time or price projections. Four to 23 percent moves are expected after signal.
How long has the system been in place. What signals did it give in 2016 during that larger move up in miners. Is it GLD only? GDX, SLV, SIL?
It only works on the miners. It uncannily caught every peak on the 2016 run.
The problem is it does not tell you when the correction is over, is it three days or three weeks. No help there.
No guru here. No predictions. I’m just sharing what I am doing.
Let me qualify what I said. It caught the Feb 24 May 01 July 05 Aug 01 2016 peaks.
That seems to be a good track record for that particular run up. When have you signals hit this year? That Feb 24 one was really early an not worth paying attention to. The May one got you out while the flag formed so you could have bought the flag break out. The ultimate top was a money call, had one more spurt higher, but then the H&S formed & confirmed the top.