Your #1 Site for Swing Trading and Day Trading Content
Welcome to MrSwing.com! Your #1 Site for Swing Trading and Day Trading Content
SwingTracker - Real Time Charts & Scanning With 4 Week FREE TRIAL
Increase Your Futures Trading Potential With FutureSwings ® Professional Trading Signals » +72.97% YTD 2008
20+ year trading PRO shares his proven 80%+ winning method for trading the E-minis

Home > Articles > The Markets > Russell 2000 Position Closed on Technical Stop

Russell 2000 Position Closed on Technical Stop

Picture

Alex Roslin

editor
More articles
Font Size:
Text size
Text size
Text size

Just got stopped out of my Russell 2000 long position as the market broke down off the open. I recently started using a new, improved trading setup for this market, which is now in cash. (See my latest signals page table for more details.) So I waited for a technical exit point in order to sell the long position. Because of the recent ramp-up, I used a trailing volatility stop set a little below the 20-period moving average on the 15-minute chart. (The specific stop I used was the average minus the recent largest Average True Range minus an extra "notch" on the ATR chart, or $50.14 for the UWM ProShares Russell 2000 Fund.) Good luck the rest of this week.


by Alex Roslin - http://cotstimer.blogspot.com/
May the Commitment Of Traders be with you...


Back to top

Add a comment

 


Back to top

Home > Articles > The Markets > Russell 2000 Position Closed on Technical Stop

Free Trend Analysis

BUY? SELL? HOLD?
Find out now.


Community Picks

AAPL MON TASR CEPH CME BXP ETC AIG SHLD