To add to my reply, I don’t use and hard rules-based systems for trading although I do incorporate conditions such as you mentioned above (and quite a bit more) in my trading.

Sure. I address this in today’s first video. Basically, make sure to have different trading systems and/or change some of the parameters on your system when market conditions have changed or are likely to change (i.e.- from a trending market to a period of consolidation).

I believe the -1x (short) gold ETN is DGZ with DZZ & GLL -2x short gold although (other than /GC gold futures), I usually prefer shorting silver and/or the mining stocks as both tend to follow gold but also tend to rise more when gold is rallying & fall more when gold corrects.

The R/R for shorting gold now isn’t nearly as favorable as it was when the triggered a sell signal on the trendline break Thursday before last but maybe on a bounce back to resistance.

I wanted to make a request on education on how we can trade only index such as QQQ and SPY for Active Trade (Holding trade for 1 to 3 days).

I have beed doing a lot of readings and research, and so far my strategy has been to take the trade when there is RSI or PPO Divergence in 15 min and a break of a trendline with 1:2 Risk to Reward ratio.

So far the test result is showing over 50% win rate but that is with old data and I’m not sure the result will be same when trading in real time.

Can you please share your ideas and strategy on how you trade (Active Trade)?