- Failed trendline break - Bearish engulfing - Possible ICL ahead for PMs - Tight stop around today's Fed action.
Positions at 63.34, 65.26... tight stop. So far, made some lunch money.
I really believe GDX/GDXJ makes new lows into an ICL. However: Anything. Can. Happen.
Trade active
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I actually closed the trade at EOD because it had already run up 10%, and I felt the chance of a small bounce the next day was high.
When playing with these fireworks I do not give them any leeway. I look for strong short-term momentum and use tight stops. It is also not my preferred style of trading, but I will take a good R/R if I see it.