So how are these two indicators alike, and how are they different? Lower values indicate oversold conditions, while higher values indicate overbought conditions. One question you might have is how often these conditions occur. The important thing to note here is the shape of the distribution curve.
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Leveraged ETFs can be used to increase the potential trading gains. As this example demonstrates, with the right strategies, leveraged ETFs can be profitable for short-term traders. These are short-term trades with an average holding period of only 4. The general rules for scaling in can be applied to other strategies as explained in the guidebook ETF Scale-In Trading. More than 20 variations show a winning trade rate over PowerRatings are based on the relationship between price and the 5-day moving average MA of price.
The further prices move away from the 5-day MA, the stronger the tendency to snap back becomes. PowerRatings uses the 5-day MA and several other components to identify high probability trade entry points. This strategy was thoroughly back tested and the history of over 4 million trades was analyzed. We know from back testing that PowerRatings can be used as the basis of a trading strategy. Detailed back testing has confirmed that the higher the rating, the greater the one week historical gain has been for stocks and ETFs with that rating.
Other entries and exits also show high winning percentages and large average gains.
Read Trading Leveraged ETFs With ConnorsRSI (Connors Research Trading Strategy Series) Ebook
If we were trying to identify pullbacks simply by visually examining charts, we might have mistaken May 30th for a good entry point. However, by waiting for ConnorsRSI to trigger an entry signal according to the rules of the strategy, we were able to enter the trade at a much more favorable price point. And the Best Exits Points This strategy guidebook includes a full chapter on the role of exits. Multiple exit rules based on ConnorsRSI can help you stay in a trade to maximize your gain. And all are fully quantified to allow you to pick the exit strategies that meet your trading goals. Here is What You Will Receive
Connors Research Trading Strategy Series: Trading Leveraged ETFs With ConnorsRSI
Trading Leveraged ETFs With ConnorsRSI (Connors Research Trading Strategy Series)