T/A ETF AND INDEX

[capt_jmj]

Yeah, I think the bulls are just holding off here until the Senate Banking Committee votes to reconfirm Bernanke. That announcement in ~ 30 min could light the fuze. My day trading indicators are hovering around the oversold level.

I am running a dual RSI strategy that is fully automated on the TradeStation platform trading NQ futures. The first RSI provides for Long and Short entries at the mildly OB/OS levels and the second captures the more extreme moves that go beyond the first level. In addition to the reversal points, Loss and Profit Stops are also employed. This relatively simple system produces ~ $4-5K per month per contract traded.