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As Telecoms are weak sector and AT looks weak in weak sector, I have to say : Right choice :D Happy trading Trend fader

2nd XLF Short execute at 25.20, so 25.22 is average. Btw. Room is already prepared. Check you PM.

1st part of XLF short executed at 25.27.

I am waiting for short of XLF and BBH (those 2 setups I have for today)

Agree and understand, as I trade ETFs for swing trading, I also want to have good setups and even I have setups practically every day, they are not activating. So I had only few trades in August since today.

Hi, I use Datek now as my backup account for trading. I have started with Datek when I started trade, and I like it till today . It is simple , web based platform. But : if you want to daytrade (quickly in/out) or trade lower size (lower then 500 - 1000 pcs) , it is more expensive and...

Closed DIA Long today. partially on 95, partially on 94.23 (trailing stop). I am not happy with it but last selloff was something I did not like.

Very good entry, I missed it as I do not track international ETFs and ETFs under 10 USD. What was setup idea ? Entry/Stop/target ? I think the trailing stop is now good idea - where is your trail-stop now ? I hope you will be sharing such ideas in the private ETF room I mentioned in last...

Yes it is shallow, but I read somewhere, that when the pullback under resistance is no big and price is consolidating under resistance for a longer time without any big down-correction, then breakout has to be much more strong then if down-correction is larger and share has to go up longer way...

DIA is more "cup with handle pattern" then wedge.

It is pure Technical analysis. During summer weeks doldrums DIA looks strongest then SPY, so I entered breakout. Will see if it will works.

Every time I am trying to set up more targets , minimum is 1 maximum is 3. Exit is mostly based on circumstances, but from 1.9. I plan to exit 1/3 or 1/2 of position on Target 1 and let trailing stop (to target 2 or 3 if happens) for rest. Will see, it is mostly of my head and amount of profit . :D

Also I am in DIA Long from 93.95, target 95.90

My setup was easy: Short 76.3, stop 77.15, Target: 73.5 - 72.8 - 72.1

XLK is probably out , but look to (pharma) PPH weakness in this rally !! . Had nice short setup but PPH fell down (I expected pullback today to short it). :( Anybody else interested in discussing swing ETF trades ? :confused: Countdown to open of special discussion already started ... :)

Yes, I think 17.8 is good stop if you entered about 17.2. Good luck

Based on 6 month/daily chart XLK looks weak now and can go down. Stop for short should be about 18 USD. What was you entry and target. Could you describe your setup on XLK more ?

I tried to open some topics there , but nobody answered, so I asked in this thread. I would like to discuss setups and may be arrange group of traders with focus on swing ETF trading. I feel alone in my trading style and want to have some contact.

a) I find very possible to get fill in between bid/ask in wide spreads. b) max. positions I had together was 5, but it happened only once ot twice, typically up 2-3.

I am not sure what is enough liquidity for you, but ETF for swings are not so sensitive for daily volume. I have in my watch list: SMH, BBH,SWH,RTH,UTH,PPH,IBB,HHH,XLF,TTH,WMH,IYR,IGN,IYZ, TLT, IEF and DIA, SPY, QQQ.