04/11 – ETF Trading – FXY

FXY closed higher on Friday, but not enough to trigger our exit signals. We have a full trading position and are patiently waiting for our exit signals to trigger. Trading so close to the 200 day moving average makes for some choppy trading. Keep your seatbelts fastened!

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.

Are you tired of getting stopped out of your stocks only to see these stocks reverse and rally higher? Chapter 6 of Short Term Trading Strategies That Work will put this problem to rest for you forever.

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