06/11 – ETF Trading – USO, SCO, FXI, FXP

You took your first short position at the market close yesterday in either USO and/or FXI. For the leveraged trade you took your first position in SCO and/or FXP. These are double inverse etfs.

Take a second short trading position should USO or FXI close higher. Use these same etf trading signals to take a second trading position in SCO or FXP.

Otherwise, our exit signals are triggered when the closing price for USO or FXI is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. You’ll exit the leveraged trades on these signals.

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

We’re following the TPS Trading 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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