Parameters have changed since 09-11-2010.
I will buy shorts as soon as the AEX goes below 346,01.
If, after the purchase, the market goes down:
I will sell, at a profit, half the shorts at the AEX 344,94 level and the other half at the AEX 344,27 level.
I will put my stoploss at the AEX 347,75 level. This means that if the AEX moves above 347,75, and I still have a position, whole or half, I will sell it at a loss immediately. The stoploss is there to limit my loss and preserve my capital in order to be able to trade another day.
This specific setup proposal is only valid for Wednesday.
When and what I buy based on this setup will be posted on the blog as well.
When and what I buy based on this setup will be posted on the blog as well.