I do not mention Crosshairs plays very often as it is not fair to those who attend my members only webinars where we discuss these high probability trades. One that I did mention a week ago is GDX. It fired a BULLISH DAILY CROSSHAIR and except for a few sideways days (that we anticipated) the play is doing pretty much what we expected. What follows is an updated chart with explanation, along with the SLV (iShares Silver Trust ETF), which has fired several bullish crosshairs the past several days on both the DAILY and INTRA-DAY charts.
REASONS FOR A HIGH PROBABILITY TRADE (GDX)
1. A CROSSHAIR
2. Stacked moving averages (referred to as 279 TANKS)
3. Multiple Time Frame Support
4. General Market Consideration (Inflationary/Hedge)
5. Multi-Dollar, Multi-Day Profit Target Until Possible Resistance Level
REASONS FOR A HIGH PROBABILITY TRADE (SLV)
1. A CROSSHAIR
2. Stacked moving averages (referred to as 279 TANKS)
3. Multiple Time Frame Support
4. General Market Consideration (Inflationary/Hedge)
5. Break-Out Potential with Multi-Dollar, Multi-Day Profit Target
No matter what strategy you use when you remain focused and pick your battles very carefully you will rarely lose. But when you do it will not because you did not do your homework and follow your rules.
