Tuesday missed trade - GDX

This was a really nice setup for several reasons. The US dollar was down big today, ABX and GDX had a nice daily chart, ABX showing nice volume contraction in a bull flag, and GDX had nice volume contraction before the breakout. My only reservation was that the 5 period moving average was too far away on the 15 minute chart. If I had been looking at the 5 minute chart I would have been quicker to take the trade.

The market appears to be stabilizing at least in the short term. The VIX is coming down and I feel like I can let trades go for more than 15 minutes now. I became reluctant to trade after last month, so I need to become a little quicker to trade now.