Dazza
03-09-2006, 11:26 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.
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.