04/08 – ETF Trading – FXY

FXY rebounded yesterday. Hopefully, it will continue to move higher today. We have a full trading position and are patiently waiting for our exit signals to trigger.

Our exit signals are triggered when the closing price for FXY is higher 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 signal.

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

Do you know when to exit a trade? Many people tell you when to buy. Now learn when to sell. In Short Term Trading Strategies That Work, Larry Connors will teach you a number of exit strategies in order to help you sell into institutional money that comes into stocks.

Have a great weekend!

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