03/04 – ETF Trading – FXI, FXP

OK. FXI moved lower yesterday but not enough to trigger our exit signals. Take your third short position should FXI close higher today. 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 higher yesterday, but, as with FXI, not enough to trigger our exit signals. 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!

All of the etf trading signals and strategies I use for 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.

Take a look at the FXI chart. Notice how the closing price has been “bottled up” by the 200 day moving average. And the 50 day moving average has moved below the 200 day moving average – all very bearish !

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