Replies to post #24198 on ETF SWING & DAY TRADING

[sammy1024]

need to stick to the plan.

deviation will kill you in trading.

[Vestor_2000]

I am with you re RSI(5). I believe in the strategy, but sometimes with modifications. With breadth weakening, I'd prefer to wait until the COT report comes out tomorrow to see if the Commericals are starting to cover. If not, something bigger may be in the works. Good luck to us all.

[northam43]

Torqputty - "current downside wave is strong"

What do you base this on? We have been hovering just above the Daily RSI(5) 30 for the last two trading days. It's like someone having to stand on top of you to make you sink.

RSI(5) 30 is a good play with solid historic record.

I'll be buying at the close if RSI(5) is below 30.