I'm looking to enter a long swing trade on a Gold stock or an ETF. Sadly no ETF yet trades in US markets. We do have XGD on the TSX which has pushed up above yesterdays high.
The setup here is buying the first retracement in a still valid upswing, after a high ADX bottom. Pretty tricky technical trading here, so we will want to demand that price go our way right away.
ABX:TSX / NYSE has triggered the same setup.
PDG had not yet triggered. This is the NYSE listing. You can see that intraday a retracement on the daily has set up - I've just entered this myself. I'd like to see PDF move to the previous high and close strongly if I am going to hold this.
Futher updates as warranted will be posted. /Mike
04.05.14 11:08 #