Trading systems are not perfect, even the most famous of systems, the Turtle Traders had an entire year in which the system was at a loss, they stuck with the system when everyone else said it was no longer relevant and the Turtles proved them wrong. This is why I have a 3% stop-loss on the Miners system.
Despite the signals, I've posted at least 6 times on the bullish 3C nature of DUST and today we are seeing some dramatic improvements and some milestones crossed.
Perhaps most important, DUST has broken out of the bullish descending wedge. $37.75 is my target for a strong breakout.
You've seen these harts, but here again we see the recent underlying strength in DUST.
The 10 min hart looks great
The 5 min chart is in line with price, or confirming the price trend. There may be an initial pullback as we often see after a breakout, if you are long NUGT, you may want to consider any pullback in DUST or strength in NUGT as an opportunity to exit the position.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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