11/2 – ETF Trading – IWM, UWM, EWC, EWT, EWY
You may have full trading positions for any or all of the etfs we’ve been following the past week – IWM, UWM, EWC, EWT and EWY.
Now, we’re just exercising some patience as we wait for the market to move higher from here. Futures are pointing higher this morning.
Our exit signals are triggered when the etf price is greater than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70. All etf trades are at the market close. Please trade responsibly!
Discover the research behind all of these etf trading signals. Get the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. With easy to follow signals, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading – available at Amazon.com or save $10 at TradingMarkets.com.
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.
Related Posts
- 06/01 - ETF Trading - USO, SCO, FXI, FXP I hope you had a nice holiday weekend. I hope you took some time to be thankful for those who have given their lives for the freedoms we enjoy today. To get caught up, we're into our first short positions in the USO and/or FXI etf trade. For the leveraged......
- 03/15 - ETF Trading - XLE, DIG XLE closed higher yesterday, but still not enough to trigger our exit signals. Updated charts are posted below. Take a third trading position should XLE close lower than 73.83 - trade DIG on this signal for the leveraged trade. Otherwise, our exit signals for XLE are triggered when the etf......
- ETF Trading - USO, UCO, EWH, IWM, UWM We closed three winning trades on Friday, making for a profitable holiday weekend! For EWH, we took our profits on Friday, at the market close, as the RSI(2) moved above 70. Our gains were 3.43% for this exit signal. For IWM and UWM, we took our profits on Friday, at......
Related Websites
- Currency Trading On The Internet Is For Nearly All Individuals A Little Bit More Difficult Then The Teachers Make You Imagine. If youd like to make major Foreign exchange gains, there is no more effective method to do so when compared with to have a solution and with this document, we will describe precisely how and the reason why the method works and the way you can make use of it,......
- Trading the Wrong Market If you know the pitfalls of trading, you can easily avoid them. Small mistakes are inevitable, such as entering the wrong stock symbol or incorrectly setting a buy level. But these are forgivable, and, with luck, even profitable. What you have to avoid, however, are the mistakes due to......
- How to Profit from the Last "Free Lunch" in Emerging Markets Investment Ideas SPDR S&P Emerging Markets Small Cap ETF (EWX) WisdomTree Emerging Markets SmallCap Div (DGS) Market Vectors LatAm Small-Cap Index ETF (LATM) Market Vectors India Small-Cap ETF (SCIF) Market Vectors Brazil Small-Cap ETF (BRF) EGShares India Small Cap (SCIN) iShares MSCI China Small Cap Index (ECNS) Guggenheim China Small......
Hello Seth,
What is the risk management rule for handling an etf that experiences a serious drawdown?
RBB
You could always use stops on your trades – for example limit your loss to say 3%. But if you follow the strategies and research of Larry Connors, he argues against using stops for protection. His research shows that trading results actually improve without the use of stops. The best results occur by following the trading signals – in the case of my current trades, when the RSI(2) of the closing price is greater than 70. Following these signals and rules results in a trading success ratio of better than 80%. I will say that it’s sometimes tough to follow the rules when you’re upside down on a trade!