04/05 – ETF Trading – FXY

FXY closed slightly higher yesterday, but certainly not enough to trigger our exit signals. An updated stock chart is posted below.

Our exit signals for FXY are triggered when the etf price is greater than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. We’re using the latter.

All 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.

Updated chart:

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