ETF Trading – TIP, USO, SCO, GLD, FXE

The signals for TIP triggered yesterday – we’re into the first long unit.

USO closed below it’s MA(5). Per the rules we’ve been following, this resulted in a losing trade (it’s High Probability ETF Trading – not “guaranteed results” trading).

Another exit strategy to consider is to exit the trade when the RSI(2) falls below 30 (USO was a short trade). As such, you could still be in the trade with the opportunity to still profit!

SCO has still not moved above it’s MA(5). With the price of oil down this morning, perhaps a large decline in oil today will produce a winning etf trade with SCO.

Other etfs to watch today include GLD and FXE, though the results for commodity and currency etf trades are not as predictable as country and market etfs. You could take initial long positions should these close lower today.

These trades are based on the strategies found in the book by Larry Connors: High Probability ETF Trading.

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.

• 12/2 - ETF Trading - No Trades Today Good morning. My stock screener is telling me that we have no etf trading opportunities today. Markets are moving toward an overbought condition. We'll wait for a stock market pull-back to trigger some new entry signals. Once we get an etf trading signal, we won't always take just one trading......
• ETF Trading - USO, SCO, TIP, GLD, FXE Wow - nice gains on SCO! Shorting USO also produced gains when using the RSI exit strategy. TIP continued to pull back yesterday - we're into the second long unit. GLD and FXE also moved lower yesterday. You should be into your first long unit if you're trading these etfs.......
• ETF Trading - USO, SCO As I read the market news this morning, oil is up to nearly $65. Put USO on your watch list today. You may consider taking the first short position today should it close higher than Friday's close. You can also short USO by taking a long position in SCO. Take......

• Getting A Good Forex Brokerage Can Be As Complicated As Currency Trading Itself The currency trading market is a great advantage to get a full time or second revenue source from the comforts of your house by taking some risks and making relevant solutions. And yet, there are individuals who are not even known that the currency market is. It has not yet......
• What is the Fear Trade? Much like everyone else, Wall Street experiences the same basic emotions that all (or most) of us feel when news of an impending disaster (real or fearmongering) strikes. Why? Because there are real life human beings pushing the mouse buttons that execute the buy or sell orders during every......
• 10 Off the Beaten Path ETFs That Everyday Investors (Probably) Haven't Heard About Have you noticed that everyone seems more interested in the esoteric, out of the ordinary types of investments these days? I have. Some people might want to buy gold because they're caught up in the fear trade, or others might want to buy raw commodities like oil or natural gas......