Thursday, July 14, 2011

The Miners Trading System

As you know, both system 1 and system 2 were stopped out by the 3% stop-loss rule, however, both systems still are giving a long signal to DUST. The way the system has been backtested, there is no trade on right now and there wouldn't be until a new signal is given.  However, I have received a lot of questions as to where the system is. So for your information, the system is still showing a long DUST signal.

Yesterday I showed you some 3C improvement in DUST and I know several of you have stuck with the trade.

Here's an update of what 3C did with DUST today
 3C 60 min, this looks slightly better then inline confirmation as DUST was up today 1.27%


 3C 15 min This too looks slightly better then inline confirmation.

 3C 10-min This chart overall looks strong, including yesterday, it's currently in a positive leading divergence.

 The 5 min 3C chart showed a strong positive divergence on the open and since then it has confirmed the rest of the day.

The 1 min chart is the only one that was negative and I would suspect that it had more to do with slowing the pace of DUST's advance then actual distribution.

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