05/10 – ETF Trading – FXI, XPP
FXI closed higher 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 FXI 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.
Trade XPP on the signals for FXI. 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.
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