11/01 – ETF Trading – FXI

FXI closed ever so slightly lower on Friday, but not enough to trigger our etf trading entry signal. As such, we did not enter the trade. However, we’ll try it one more time. Keep FXI on your watch list today. Again, take the first of 2 long trading positions should the etf close with an RSI(2) less than 10.

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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Learn 16 Strategies to Improve Your Trading…

• 12/16 - ETF Trading - USO, UCO, FXI The major market indices moved lower yesterday and so did FXI. Add a third trading position should FXI close lower today. Our exit signal is triggered when the RSI(2) of the closing price is greater than 70. Despite the lackluster market yesterday, USO (and UCO) moved higher with the closing......
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