50 MA Test, Structure in Play. Top 10 Easiest Trades. See Notes.
$GDX 50 MA test, structure in play - one of the cleanest, easiest trades on the market $NUGT $DUST $JDST $JNUG $GLD
No trading is easy, but I'm sure you get my point - the symmetry, structure and support and resistance points in this trade set-up in Gold Miners certainly helps a trader plan each trade in this.
GDX is setting up for an excellent long side bias price target trade in to time price cycle peak June 5 (red circles on chart are the preferred price targets as trade reflects - trade in direction of most appropriate target).
Gold 0.56% miners continue to bounce off previous (historical) support area with predictability. The trend (or history in this instance) is your friend.
Price is currently following the diagonal uptrend quad trading range for this time cycle upward near perfect along quad wall support structure (blue dotted diagonal) on the algorithmic trading model chart.
A long near the support (previous bounce area of 21.00) and trimming near 23.00 has been a great trade and there's no reason to change my trading plan unless something structurally changes in the charting / trade.
THE ONE IMPORTANT note in recent trade is that we did fail the upside 50 MA test on the daily chart.... but this could break upside soon. SO WATCH THE 50 MA VERY CLOSELY and trade accordingly. Failing 50 MA is bearish until it's not. Upside break likely rockets trade north, so at this point I am long bias.
If 50 MA test fails I will be looking for long side after next bounce again in to the model structure.
See my last post on this trade here:
For more detail on the time cycle peaks for your trade, price targets, and support / resistance points relating to your personal trading plan contact me with any questions you have.
Best and peace!
PS Remember to trade price - if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.
Monday I will be live broadcasting this trading set-up and other chart set-ups documenting my process in detail for review w/ daily PL's, video, charting set-ups and alerts.
Register to free email list for trade set-ups, webinars, special events: compoundtrading.com/contact/
Website: compoundtrading.com
Free chat room: discord.gg/2HRTk6n
Subscribe: compoundtrading.com/overview-...
Twitter: twitter.com/CompoundTrading
Lead Trader: twitter.com/curtmelonopoly
Tradingview: www.tradingview.com/u/curtmelonopoly/
Facebook: www.facebook.com/compoundtrading/
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Email: info@compoundtrading.com
Compound Trading Platform: Algorithm model charting for $SPY, $VIX, #OIL, #GOLD, #SILVER, #Crypto ($BTC Bitcoin, $ETH, $LTC, $XRP,) $DXY US Dollar and Swing Trading Newsletter. Live trading rooms for daytrading and oil traders. Private coaching and live alerts.
No trading is easy, but I'm sure you get my point - the symmetry, structure and support and resistance points in this trade set-up in Gold Miners certainly helps a trader plan each trade in this.
GDX is setting up for an excellent long side bias price target trade in to time price cycle peak June 5 (red circles on chart are the preferred price targets as trade reflects - trade in direction of most appropriate target).
Gold 0.56% miners continue to bounce off previous (historical) support area with predictability. The trend (or history in this instance) is your friend.
Price is currently following the diagonal uptrend quad trading range for this time cycle upward near perfect along quad wall support structure (blue dotted diagonal) on the algorithmic trading model chart.
A long near the support (previous bounce area of 21.00) and trimming near 23.00 has been a great trade and there's no reason to change my trading plan unless something structurally changes in the charting / trade.
THE ONE IMPORTANT note in recent trade is that we did fail the upside 50 MA test on the daily chart.... but this could break upside soon. SO WATCH THE 50 MA VERY CLOSELY and trade accordingly. Failing 50 MA is bearish until it's not. Upside break likely rockets trade north, so at this point I am long bias.
If 50 MA test fails I will be looking for long side after next bounce again in to the model structure.
See my last post on this trade here:
For more detail on the time cycle peaks for your trade, price targets, and support / resistance points relating to your personal trading plan contact me with any questions you have.
Best and peace!
PS Remember to trade price - if the trade goes against you it is always better to take a small loss than be married to a bad chart / stock.
Monday I will be live broadcasting this trading set-up and other chart set-ups documenting my process in detail for review w/ daily PL's, video, charting set-ups and alerts.
Register to free email list for trade set-ups, webinars, special events: compoundtrading.com/contact/
Website: compoundtrading.com
Free chat room: discord.gg/2HRTk6n
Subscribe: compoundtrading.com/overview-...
Twitter: twitter.com/CompoundTrading
Lead Trader: twitter.com/curtmelonopoly
Tradingview: www.tradingview.com/u/curtmelonopoly/
Facebook: www.facebook.com/compoundtrading/
StockTwits: stocktwits.com/compoundtrading
Email: info@compoundtrading.com
Compound Trading Platform: Algorithm model charting for $SPY, $VIX, #OIL, #GOLD, #SILVER, #Crypto ($BTC Bitcoin, $ETH, $LTC, $XRP,) $DXY US Dollar and Swing Trading Newsletter. Live trading rooms for daytrading and oil traders. Private coaching and live alerts.
Compound Trading Group | Founder
New World Ecosystems of Decentralized Finance
#DeFi #MachineTrading #Crypto
New World Ecosystems of Decentralized Finance
#DeFi #MachineTrading #Crypto