06/23 – ETF Trading – Gains on USO, SCO – FXI, FXP

Our etf exit signals for USO triggered yesterday and we made a small gain on our short trade. We gained .80% shorting USO and we gained 1.38% on the leveraged trade in SCO. Still a winning trade even though small.

We’ll continue to wait for our etf exit signals to trigger for FXI. Our exit signals are triggered when the closing price for the etf is lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30. We’re using the latter signal. You’ll exit the leveraged trade in FXP on these signals as well.

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

Learn more about etf trading strategies 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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