Comments on: ETF Trading – No New Trades for Friday

By: rbbmis

rbbmis — Mon, 20 Jul 2009 00:22:08 +0000

Thx. Will stay tuned …

By: Seth

Seth — Sun, 19 Jul 2009 23:30:42 +0000

Yes, they do have a free trial of their own software package. I haven't had the chance to give it a try just yet. I have been using a stock screener called StockFetcher.com. With StockFetcher.com, I simply apply the trading criteria specified in High Probability ETF Trading. I would like to compare the two different programs to see if they generate the same results - I imagine they should. Stay tuned - I hope to test the results in the next couple of weeks.

By: rbbmis

rbbmis — Sun, 19 Jul 2009 21:33:06 +0000

Oh – I forgot to ask this before. I think I read somewhere that Trading Markets has a software package that keeps track of the etf’s and gives alerts when Connors’ conditions are met.

Are you using this program to keep track of your set ups and entry signals?

Thanks,

RBB

By: rbbmis

rbbmis — Sun, 19 Jul 2009 21:25:35 +0000

Seth,

Re: the compliment – “no worries” – it is much deserved.

Thanks for your quick reply and for the info, as well.

Good luck with the trading this week.

RBB

By: Seth

Seth — Fri, 17 Jul 2009 19:33:19 +0000

Thanks for the compliment!

Yes, Mr. Connors has several suggestions for making the intra-day trade. For example, you could enter the trade on a limit order that is X% less than the previous day’s closing price – X being any hurdle you establish. Realistically, that might be 2 – 5% less than the previous day’s closing price. Sometimes you’ll get it – sometimes you won’t.