04/29 – ETF Trading – FXI, XPP

FXI closed lower for the second day in a row, generating an etf trading opportunity based on our etf trading signals. Consider taking a long position in FXI should the etf close lower today.

For a leveraged trade, consider XPP. Use the etf trading signals for FXI to trade XPP. XPP is a double etf – please trade carefully.

FXI – The iShares FTSE China 25 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index.

XPP – ProShares Ultra FTSE China 25 seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the FTSE China 25 Index.

We may take up to 3 trading positions over the next couple of days. Our first position is 1/6 of our total trading amount. Our second position is 1/3 of our total trading amount. Our third trading position is 1/2 of our total trading amount. You could also take positions in a 20-30-50 ratio. All trades are at the market close. Please trade responsibly.

Assuming we get into the trade, our exit signals for FXI are triggered when the closing price for FXI is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. Trade XPP on the signals for FXI.

Learn why the FTSE China 25 Index Fund is now a good etf trading opportunity 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.

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Learn 16 Strategies to Improve Your Trading…

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