10/28 – ETF Trading – FXI

Put FXI on your watch list today. Take the first of 2 long trading positions should the etf close with an RSI(2) less than 10. Scale in the first position at 33% of your trading funds.

We may take a second trading position in the next couple of days should FXI close lower still and its RSI(2) < 6.

All trades are at the market close. Please trade responsibly. A chart is posted below.

Should we get into the trade, our exit signals are triggered when the closing price for FXI is higher than it’s MA(5), or – for a potentially larger gain – when the RSI(2) is greater than 70.

This etf trading strategy is the RSI 10/6 Strategy found 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.

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