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Dazza
03-09-2006, 10:26 PM
hi all.
i have got $4000 USD remaining, old man has given the all clear to do CFD's to leverage my money.

Gonna do a running record of what and how im trading.
plan:
use RSI divergance
RSI 50/40/30 for shorts
RSI 50/60/70 for longs

stop losses are always in place - usually using the 90 day ATR.

Use CMC markets account - 5% margin on US shares and $10 commission each way.

interest is not calculated - as it is negliable - like 20 cents or something

size of trade - $4000 = $200 margin.
have got $2000 USD in CMC markets, rest is in 7% call account - NZD.

Dazza
03-09-2006, 10:37 PM
30 August

CheveronTexico CVX.US
Daily Chart
Since mid july - has seen divergance btw higher SP and lower RSI
RSI crossed below 50

Trade - Sold 60 CVX.US @ $64.99
Stop loss @ $66.50

Dazza
03-09-2006, 10:39 PM
30 August

Google GOOG.US
Daily Chart
Long Term up Trend has been intact.
Short term down trend however remains.
Currently trading in this range.
Current price touching LT uptrend
RSI about to cross 50


Trade - Brought 10 GOOG.US @ $381.28
Stop loss @ $370

Dazza
03-09-2006, 10:43 PM
1 September

Motorola MOT.US
Daily Chart
Since end of july - has seen divergance btw higher SP and lower RSI
RSI hovering just above 50

Trade - Sold 170 MOT.US @$23.36
Stop loss @ $24.20

Dazza
06-09-2006, 01:12 AM
6 September

Holding my balls of steal for CVX , they announced maybe a huge offshore deep find in the gulf , bugger for me, caused POO to go down to 68

saw that it wasnt responding too well, so i decided to LONG DVN - who has a 25% interest in it aswell.

Trade: long 30 DVN.US @ $70

stop loss at $67
- changed to $70 on 7th, and got stopped out. bugger

i tink im gonna get stopped out of CVX bugger, technically it was going down, bad luck for me that such a good prospect just came out oh well

MOT is going down so thats good

Dazza
06-09-2006, 08:57 AM
6 September

Got stopped out of CVX. lost 100 + 20 commision.

funny enough it closed at 66.37 which was below my stop loss, oh well.

on the otherhand, DVN put up $3 per share roughly, which was roughly 90 dollars gain.

Dazza
07-09-2006, 12:47 AM
7 September

Shorted 90 JPM.US @ $45.70

Stop loss @47