07/02 – ETF Trading – GLD, UGL
Put GLD on your etf watch list today. Take an initial position should this etf close lower today. GLD had quite a sell-off yesterday. For a leveraged trade, consider UGL.
GLD – The objective of the SPDR® Gold Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses.
UGL – ProShares Ultra Gold seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London.
We’ll take up to 3 etf trading positions. All etf trades are at the market close. Please trade responsibly.
Have a great holiday weekend! We’ll pick it up next week with some new etf trading ideas for you to follow.
Updated charts:
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.
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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone
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Categories: ETF Stock Trading Tags: gld, ugl
03/17 – ETF Trading – Gains on GLD, UGL
Nice gains on our trade! Markets closed higher and triggered our exit signals for GLD and UGL. We gained 2.11% on GLD and 4.11% on UGL.
Our exit signals were triggered when the etf price moved higher than it’s MA(5), or – for the larger gain – when the RSI(2) moved above 70. We use the latter on our etf trades here.
All trades were at the market close. Updated charts posted below.
Learn how you can make high probability etf trades like this. Get Larry Connors’ best selling book: High Probability ETF Trading. In Chapter 8, you’ll get “An Introduction to TPS – Time, Price, Scale-in.” It’s one of the best performing ETF trading strategies available and used here at ETF-Stock-Trading.com.
No other trades to suggest for today. Happy St. Patrick’s Day!
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.
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03/16 – ETF Trading – GLD, UGL
GLD closed higher yesterday. As such, you did not take the third trading position in the etf trade. Likewise for the leveraged etf trade in UGL.
Our trading strategy is to scale in with up to three 3 trading positions, but we’ll wait for the market to present the trading opportunities. Take a third trading position today should GLD close lower than 107.95 – the same for UGL at 44.68.
Otherwise, our 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.
Updated charts are posted below. All trades are at the market close. Please trade responsibly.
Join me everyday to follow these etf trading signals. All of the signals and strategies I use for etf trading are found 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.
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.
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Categories: ETF Stock Trading Tags: gld, ugl



















