At the request of reader Quentin, here is today’s chart for UltraShort QQQ ProShares (AMEX: QID). It was a low-volume day, so not many bars….
Once again, we see how blindly exiting on the first bar where the volume pressure changes color can leave a lot of money on the table. Still, it’s been very reliable, across all the stocks I’ve featured so far. I’m trying to be very mechanical about these examples.
Today, we have 3 trades for a gain of 49 cents/share on QID.
I think it’s great fun to show how just a couple eotpro indicators can work together to provide a nice robust manner of trading.
