This is trend following.
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.
Friday, January 14, 2011
Thursday, January 13, 2011
AUD JOY Short
Shorted AUD JPY, Probe first, then if you have profits, start pyramding, and if shows profit again short again.
It means you are following the line of least resistance. In any event it goes against your position, Closed all your position. That is what trend following is all about.
"I would buy ten thousand bales. After I got through buying that, if the market went up ten points over my initial purchase price, I would take on another ten thousand bales. Same thing. Then, if I could get twenty points' profit, or one dollar a bale, I would buy twenty thousand more. That would give me my line my basis for my trading. But if after buying the first ten or twenty thousand bales, it showed me a loss, out I'd go. I was wrong. It might be I was only temporarily wrong. But as I have said before it doesn't pay to start wrong in anything. Livemore"
CYBR Six 3
Black candle stick was formed, normal selling pressure as margin callers 3 days due date expires.
Just do not forget your stops.
Wednesday, January 12, 2011
LR Lalalala 3
This is one slippery stock, got shaken out and now back again. Just do not forget your stops.
Subscribe to:
Posts (Atom)