12/17 – ETF Trading – USO, UCO, FXI

Oil moved higher yesterday, and so did our etf trades in USO (and UCO). Our exit signals were triggered as the RSI(2) of the closing price moved above 70. We had a gain of .75% in USO, excluding trading costs. UCO broke even.

We took a third trading position in FXI as it moved lower yesterday. We’ll patiently wait for the market to correct and trigger our exit signals.

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 are at the market close.

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.

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.

• ETF Trading - EWT, AGG EWT moved higher on Friday, but just 2 cents short of it's MA(5). We'll wait for our exit signal to trigger to take our gains. AGG moved lower on Friday, providing an opportunity to add to our position. Perhaps you entered the second long position. Should it close lower still,......
• 03/09 - ETF Trading - No Trades Today The broader market remains overbought (see the updated chart for SPY below - notice the high RSI(2) reading). As such, I have no etf trading suggestions for today. A stock market pull-back will trigger some new etf trading signals. How do we find the etf candidates to trades? It's a......
• ETF Trading - TIP, GLD, FXE Nice move on TIP, yesterday. You took your gains on the close after holding the etf for just 2 days! GLD and FXE moved higher yesterday. You should be into one long unit if you're trading these etfs. Wait to take your gains on the exit strategies found in High......

• Understanding How the Beta of Your Stock Works If you've never paid attention to Beta (β) (or "B") before, listen up.  Even if you don't consider yourself a technical analyst or a seasoned investor, or if you are just getting into stocks now, beta is fairly easy to understand and can help you with your stock picking decisions.......
• Forex Trading Signals Strategy A great number of people have already started trading in the forex market. If you want to invest some money and have a good return, forex is just what you need. But you cant trade in the forex market if you don’t understand its basics. For understanding the forex market......
• how to invest - here, at the end of all things "I'm glad to be with you, Samwise Gamgee... here at the end of all things" -Frodo Baggins If you are not familiar with the Lord of the Rings, in this scene Frodo is woefully clinging to Samwise on the floor of the New York Stock Exchange. He is speaking -......