Wednesday, March 11, 2015

GDX Trade Discussion

Posted by Matt at 11:00 AM

GDX - Chart Link


GDX - Chart Link


GDX - Chart Link


The morning rally broke SHORT TERM symmetry (nice trade from oversold) and told us to watch for a higher low to enter another trade.   The 5 minute was a good focus point as it got oversold and reversed.   Remember, these are simply objective entries and this is to be viewed as counter trend at this stage.  The key is making OBJECTIVE TRADE entries versus chasing. 

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