Daytrading United States Oil Fund LP (AMEX: USO)

Reader Jeff also requested to see our ultra-simple example system on United States Oil Fund LP (AMEX: USO). Three trades, for net +$2.35 per share.

Thanks for the suggestions, Jeff! I’m enjoying pulling up the charts you all select. If you aren’t aware, I’m trying to show how just a couple eotpro elite series indicators can make a profitable system that works on stocks. I’m not cherry-picking trades… I show the whole day’s action. I’m not using convoluted rules… just enter after a pullback to the averages, when the volume pressure and paintbars agree. Exit when the volume pressure subsides, or if we push past the averages and the previous price swing. I hope you all find this as interesting as I do.

5 Responses

  1. Eric Says:

    Hell Yes.

    E.

  2. Eric Says:

    Richard - Have you made any ventures into FOREX trading with the EOTPro+Elite toolset?

    Good Hunting Today!

    E.

  3. John W Says:

    Hi, I’ve been following all the articles related to Eotpro. Since you are experimenting using it with stocks, do you not get to use the indictors like on this page http://eotpro.com/es_june_7.jpg or you just decided to use a few of them?

  4. Eric Says:

    Richard - In other news #1 Hope your short week is going ‘teh awesome’.

    #2 Any chance to use these methods on Gold for a day?

    #3 Good Hunting!
    E.

  5. Richard Says:

    John W: Yeah, the indicators all work on stocks… I’m just trying to show something super-simple to understand and pretty mechanical. It’s for demonstration purposes.

    Eric: GOLD is posted now. It did well! Nah, I’m not interested in forex for the most part.

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