Pascal,
Where is the GDX ATR of 2.82 derived from? On freecharts.com is says it has a daily ATR 14 of 1.46.
Steve


Quote Originally Posted by Pascal View Post
Really, we cannot advise explicitly on this point.
In the long run, buying at the open for GDX is also working fine as the back-test has shown.
On the other hand, the GDX ATR is 2.82% right now. The buy point is 0.77% below last Friday's close. This means that statistically, the buy point is well within the usual day volatility.


Pascal