Good day everyone, I’ve got a great little trading strategy I want to share with you today…

​This is a high probability low risk trade idea that is easy to understand and execute.  I call this the “Quick-Pop” Trade.  It’s profitable about 70% to 75% of the time and works great on ETFs for producing a daily and weekly income.

The “Quick-Pop” Trade…

Once you learn all the rules, you’ll be able to…

• Bank quick profits within 2 to 5 days
• Make money over 70% of the time
• Reduce your trading stress by eliminating Analysis Paralysis

So, you can start making money IMMEDIATELY & CONSISTENTLY!

Rules for the “Quick-Pop” Trade…

1. 21 Day Average Daily Volume must be at least 150,000

2. ETF must be trading above the 200 Simple Moving Average (200 SMA)

3. BUY LONG when the 2-period RSI closes below 10 (at/near close of day or on open of next day)

• Consider buying another unit below the first entry price on a second consecutive 2-period RSI close below 10 (at/near close of day or on open of next day)
  
  

          4. EXIT LONG when

• the 2-period RSI closes at 70 or above, or
• at the 200 Simple Moving Average * 0.985 (on close)

Here are a few examples below where you’ll see it making consistent profit:

         5. 21 Day Average Daily Volume must be at least 150,000

         6. ETF must be trading above the 200 Simple Moving Average (200 SMA

         7. BUY LONG when the 2-period RSI closes below 10 (at/near close of day or on                  open of next day)

• Consider buying another unit below the first entry price on a second consecutive 2-period RSI close below 10 (at/near close of day or on open of next day)
  
  

           8. EXIT LONG when​

• the 2-period RSI closes at 70 or above, or
• at the 200 Simple Moving Average * 0.985 (on close)
  ​

Here are a few more examples:  (over 8 points made in only a few trades)

Here are a two simple variations of the “Quick-Pop” trade to help you MAXIMIZE PROFITS:

1. Minimize Risk by buying lower for even better trade location, and

2. Use a couple of different Exit Strategies to “Milk a Trade” for what it’s worth.

Minimizing Risk (Entries)

You’ll have less trades applying this variation, however, the trades that do set up will have higher probability and even greater EDGE.

• BUY LONG after 2 and/or 3 Consecutive RSI(2) closes below 10 (at/near close of 2nd or 3rd consecutive day or on open of 3rd or 4th day)

Milking a Trade (Exit Strategies)

Two different Exit Strategies for letting your profits run to take advantage of the bigger moves.

• RSI(2) trades above 70 and then closes below 70 (exit next day at open).
  ​
• Utilize a Trailing Stop 1% of the price of the instrument just below the low of each consecutive higher low after the RSI(2) trades above 70 and then closes below 70.

Now you know how to “jump on board” the trend during short-term oversold market conditions using the ‘Quick-Pop’ trade that I’ve shown you in the article. I hope you have success using this method!

Have a fantastic day and hope this trading lesson helps you in your trading.