17 May 2012

ENTRY EXITS - 2

more entry criteria:
  • AUD hitting 0.94
  • CAD hitting 1.05
  • rsi must be on rising trend for the instrument you are investing - whether stocks, commodities or fx.
EXITS [stop losses] will depend on the type of instruments, stocks - 7-12%, commodiities - 2-3% [losses could be substantial for commodities even for 2-3%], fx 0.8-1.2%. For profit taking, checkout this blog on strategies.

aim for a smaller bet as this is a tidal wave not a storm in a teacup as market may make the drop unbelievable to force fed to take further action on QE.

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