ETF SWING & DAY TRADING

[Duma]

Sammy - I had to be gone this morning, so I set a stop at the PP, which was 41.55. This gave me a gain of 86 ticks, 2.0% gain. For my official paper trading, the ADX turned down with the 10:00 bar. I have had very good luck using a stop of 5 ticks from the close or the high/low of the bar, which ever one is greater. In this case the high of 41.74 and the next bar hit 41.75. So my official gain is 67 ticks, 1.58%. Still a nice gain for 24 hours. I am now long at 41.26.
Jon