11/6 – ETF Trading – IWM, UWM

Markets closed strongly higher yesterday and triggered exit signals for IWM and UWM – unfortunately for us, at a loss.

Our etf 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; we’ve been using the latter. All trades were at the market close.

We now have no active trades; we’ll patiently wait for the next set of signals to trigger new trading opportunities.

How do all of these trading signals work? Find out 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 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.

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