06/02 – ETF Trading – Gains on FXI, FXP – USO, SCO

Yes! Nice gains on the FXI short trade as our etf exit signal triggered at the close yesterday. We also took etf trading gains on FXP. Our gains were 3.15% for FXI and 6.07% for FXP, all in a 2 day trade.

We’re still waiting for our exit signals to trigger for the short trade in USO. The leveraged trade is in SCO.

Our exit signals are triggered when the closing price for USO is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’ll exit the leveraged trade in SCO using the same signal.

All trades are at the market close. Please trade responsibly.

This etf trading strategy is the RSI 90/94 Strategy found in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

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