This entry was posted on Monday, June 25th, 2007 at 9:14 am and is filed under Education, Trades. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
ETFC has been coming up on my mean reversion scan. The system itself is a swing trading system in that it has a full set of definable entries and exit rules and holds from 1-10 days. The exit for this trade will be a close above the highs of the previous 2 bars. A stop loss will not be used so this trade would need to be part of an overall portfolio - not 100% of the portfolio.
With an obvious double top/head and shoulders and a potential stop harvesting low below us on the SP500 - this should be an interesting week. Oh yes throw in FED stuff this week. Very interesting indeed. Wait if we go up from here is that an inverted head and shoulders 
Have a Great Day!
Dave Johnson
July 4th, 2007 at 7:58 pm
[...] week I had thrown out to you a swing trade that had triggered in my swing trading system. This system is throughly backtested and has clear entry and exit rules. The trade in ETFC is a [...]