pegasus5
07-10-2007, 08:20 PM
One of my main strategies in trading / investing in equities is to scan on a daily basis the various Exchange Traded Funds (ETF's) for signals. Then, I can either choose to initiate a position in a particular ETF, such as the XHB, which I feature here, and/or drill down into it's components for individual stock setups.
With limited time and resources during the day, I have found this scanning method works best and is most efficient.
I wanted to share with members a TS4 Sell Setup this past May 24th on the daily chart in the Homebuilders ETF --XHB. I am currently managing this trade with MTP's ATR Stop Method.
Cheers, David
With limited time and resources during the day, I have found this scanning method works best and is most efficient.
I wanted to share with members a TS4 Sell Setup this past May 24th on the daily chart in the Homebuilders ETF --XHB. I am currently managing this trade with MTP's ATR Stop Method.
Cheers, David