AEM GDX DIG Trades 073008

Yesterday, I got my higher high candlesticks on the 60-minute charts of GDX and DIG. I bought and held both overnight, knowing they could both gap down.

GDX and the XAU did gap down. I was going to stop 1/2 out under the 5-minute low, but let it trade a little longer. A stop was set for 1/2 at 41.78, and 1/2 at 41.28. I ended up moving the stop to all at 41.78, which was taken. They got me by .06, as the low of the day was 41.72. No matter, my plan was to remount GDX at the next higher high.

DIG’s stop was set at yesterday’s low. I switched to the 5-minute chart, and sold a 1/3 near 86, 1/3 near 88, and 1/3 near 90. My entry was 83.64, so I can’t complain, but I will anyway. There are still no lower highs on the 60-minute chart, and the price is at 92.5.

So, I also bought the higher high candle on the 60-min in AEM. I haven’t sold yet.