11/29 – ETF Trading – SLV, AGQ

Hope everyone had a nice Thanksgiving Holiday. Let’s get back to etf trading!

Put SLV on your watch list today. Consider taking your first long position should the etf close lower today. Consider AGQ for the leveraged trade.

SLV – The objective of the iShares Silver Trust is for the value of the shares of the iShares Silver Trust to reflect, at any given time, the price of silver owned by the iShares Silver Trust at that time, less the iShares Silver Trust’s expenses and liabilities.

AGQ – ProShares Ultra Silver seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of silver bullion as measured by the U.S. Dollar fixing price for delivery in London.

We may take up to 3 trading positions over the next couple of days. Our first position is 1/6 of our total trading amount. Our second position is 1/3 of our total trading amount. Our third trading position is 1/2 of our total trading amount. You could also take positions in a 20-30-50 ratio. All trades are at the market close. Please trade responsibly.

Assuming we get into the trade, our exit signals for SLV are triggered when the closing price for SLV is higher than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70. Follow these signals for trading AGQ.

Learn why Silver is now a good etf trading opportunity in 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 trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session.

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