VanEck Junior Gold Miners ETF
Long
Updated

GDXJ Congestion resolution?

162
-80 Week symmetrical triangle
-7 Week falling wedge "launching pattern"
-Weekly Bollinger band squeeze
-Daily gap ups all week
-Strong break of 200DMA which has been subduing price for a month and a half
-Gold price at inflection point

60 basis points planned due to smaller pattern launching the breakout of a larger pattern
Trend follow strategy
Note
Buy stop @ 33.42
Last week rule stop @ 32.19
Note
Correction
Buy stop @ 33.69
SL Last day rule @ 33.12
Note
Bought at market before close
Trade active
Note
I like to look for a confluence of time frames
Monthly Bollinger band squeeze with 50SMA resistance broken
snapshot
Weekly Bollinger band squeeze with 50SMA breach. Dojis leading into break
snapshot
Daily Bollinger band expansion with 50/200 SMA breach/crossover with daily gaps
snapshot
Note
Being shaken around by AUDUSD strength. As an Aussie trader, I hate currency conversion fees, One of the few criticisms I have for Saxo Capital Markets
Trade closed: stop reached
Stopped out
So after logging the data, turns out my fees were greater than the actual trade loss. I am good at accepting ownership of my failures but thats a fucking joke.
Note
Will NOT be trading international equities for a while

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