03/03 – ETF Trading – FXI, FXP

Good morning. FXI moved higher yesterday and you took your second short position in the etf trade. Take your third short position should FXI close higher today. Otherwise, our exit signals are triggered when the etf price closes lower than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is less than 30.

FXP moved lower yesterday and you took your second long position in the trade. Should FXP move lower today, take your third long position. Otherwise, our exit signals are triggered when the etf price closes higher than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

Updated charts are posted below. All trades are at the market close. Please trade responsibly!

Just a comment on the charts – our etf trading signals say to short an etf only when it’s below its 200 day moving average. I use StockCharts.com for the simplicity of creating charts for this blog. Our “StockCharts.com” chart shows that FXI closed yesterday above its 200 day moving average. Yet FreeStockCharts.com – which I use to track our etf trades in real time – shows that FXI is still below it’s 200 day moving average (40.98).  I just wanted to point that out for clarification.

Join me everyday to follow these etf trading signals. All of the signals and strategies I use for etf trading are found in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day. With easy to follow trading strategies, clear explanations, and years of tested results, there is no better place to start finding new trading edges than in High Probability ETF Trading. Get your copy today and be ready for the next trading session.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

• 06/01 - ETF Trading - USO, SCO, FXI, FXP I hope you had a nice holiday weekend. I hope you took some time to be thankful for those who have given their lives for the freedoms we enjoy today. To get caught up, we're into our first short positions in the USO and/or FXI etf trade. For the leveraged......
• 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......
• 04/01 - ETF Trading - FXY Good morning. No April Fools' Day jokes! FXY closed lower yesterday and you took your second position in the etf trade. FXY is severely oversold and looks ready for a rebound; the RSI 2 is less than 1! Should FXY close lower today, take your third and final position in......

• An Alpha Trader's View on the Stock Market over the Next Six Months Late last week, I shared a glass of wine (or two) at a famous London wine bar with my friend “Big Nigel” who runs one of the biggest and most successful hedge funds in the United Kingdom. Although he had been a svelte Oxford rower in his youth, this 6'......
• How To Optimize A Site Through White Hat SEO On this age of computers, persons are in search of data on the internet they usually go to various websites the place the particular piece of data they need is found. Therefore, it's crucial for web sites to generate as a lot visitors as possible to their websites. search engine......
• Advantages of Day Trading Historically, stock trading has been the domain of professional traders. Trading has been in essence a “private club” with restricted access. Day trading has changed that. For the first time, amateur traders have the tools (real time quotes and order execution) to compete with the professionals. Speed advantage of......