05/28 – Gains on IWM, UWM – USO, SCO, FXI, FXP

Yes! Nice gains on the IWM trade. Our etf exit signals triggered for IWM and UWM. We gained 2.83% on IWM and 5.34% on UWM, all in just 7 trading days.

All trades were at the market close. Updated charts are posted below.

If you caught my mid-day post yesterday, you took your first short position in either the USO or FXI trade, or both. For the leveraged trade you took your first position in SCO and/or FXP. These are inverse etfs.

We may take a second trading position in the next day or so should USO or FXI close higher and its RSI(2) > 94. All trades are at the market close. Please trade responsibly.

Otherwise, our exit signals are triggered when the closing price for USO or FXI is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. You’ll exit the leveraged trades on these signals.

This etf trading strategy is the RSI 90/94 Strategy found in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

—–

Learn 16 Strategies to Improve Your Trading…

• 01/13 - ETF Trading - SPY, SSO, IWM, UWM Good morning. Yesterday's market sell-off generated the signals for our etf trading set-ups. Another sell-off today will give us some good entry points. Put SPY and IWM on your watch list. Take an initial position should these move lower today. For a leveraged trade on SPY, consider SSO. For a......
• 10/28 - ETF Trading - FXI Put FXI on your watch list today. Take the first of 2 long trading positions should the etf close with an RSI(2) less than 10. We may take a second trading position in the next couple of days should FXI close lower still and its RSI(2) < 6. All trades......
• 01/24 - ETF Trading - IWM, UWM Good morning. IWM closed lower on Friday and you took your second position in the etf trade. Likewise for the leveraged etf trade in UWM. Should IWM close lower today, take your third and final position in the trade. Otherwise, our etf exit signals are triggered when the etf price......

• When is an ETF not Actually an ETF? Exchange Traded Funds have been popular for decades since they provide diversification with the ease of trading and dollar cost averaging.  They have gotten so popular that the actual topic of ETFs now include specific industries, super concentrated funds and even active investing.  However, when is an ETF not really......
• Handling The Equity Curve Trading A money management technique that can sometimes improve trading performance is to modify the position sizing based on crossovers of a moving average of the equity curve. The basic idea is to either trade more or fewer contracts when the equity curve crosses above or below its moving average.......
• Three Ways To Get Free Stock Trades [Below is a guest post from Bullishness.com. More information about the author and Bullishness are at the end of the article. Many of you probably know about how Zecco offers free stock trades, but did you know Zecco isn't the only online stock broker that does this? If you're an......