Disclaimer: This is a legal notice. Please read it carefully in its entirety. It is your responsibility to understand this notice. If you do not understand it, please seek the assistance of a competent advisor.The content in Trend Follower is for educational purpose only. This is not a recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. My opinion is subject to change without notice. Trend Follower will not accept any responsibility or be liable for any investment decisions based on the information discussed here.

Wednesday, April 20, 2011

Long AUD USD 2

One good thing about trend following, waiting time is almost non existent. Unlike buying dips, you cannot  predict how far it will go down and when it finds bottom, it can be sideways for ages (feeling).

Have sold all my EUR USD, because of resistance, AUD USD is making new highs and faster.
When it makes new high, only happy investors are in and all miserable losers are out.


"I believe that far more money is made buying high and selling at even higher prices. That means buying stocks that have already had good moves and have high relative strength-that is, stocks in demand by other investors. "Richard Driehaus. Market Wizard

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