yes the Chinese market gapped again, FXI, $CZH etc, so some of
the stocks in particular are going to need to revert to the mean
sometime soon. However with ETF's like FXI they tend to gap
every day, so makes it tough. You need a good trigger, on a
60 min chart there's some neg divergence on the 10 length CCI
indicator but not on RSI or MACD. tough to say.
one could also scale - vs taking an all or nothing position
reversion to the mean for FXP
Posted by stsystem on 9th of Apr 2015 at 10:05 am
reversion to the mean for FXP ?
yes the Chinese market gapped
Posted by matt on 9th of Apr 2015 at 10:10 am
yes the Chinese market gapped again, FXI, $CZH etc, so some of the stocks in particular are going to need to revert to the mean sometime soon. However with ETF's like FXI they tend to gap every day, so makes it tough. You need a good trigger, on a 60 min chart there's some neg divergence on the 10 length CCI indicator but not on RSI or MACD. tough to say.
one could also scale - vs taking an all or nothing position
I have hourly RSI 5
Posted by frtaylor on 9th of Apr 2015 at 11:36 am
I have hourly RSI 5 divergence between yesterday and today. FXI, not FXP.