About Me
- Scott Williams
- I am a young invester/Trader, i mostly focus on Short term or Intra day trading on the equities or Forex markets. I have recently completed my Bachelor of Commerce double major in Finance and Property. I have also completed my RG146 in securities and Financial planning and while trading is a passion my desire is to work within the stockbroking industry or as a trader for an investment bank. This blog I have set up to help share ideas to others on trades and tips i have picked up from my time in the market. I hope you enjoy my blog and some of my ideas :)
Friday, January 22, 2010
JBH
Another short...well it should still have been a short from the top but oh well. another example of swing trading the trend.
Swing trading
Swing trading follow the concept of a trend. Basically a trend is set when there is for a down trend a lower high followed by a lower low, and up trend is a higher high and a higher low than the previous 'dip' they can run for long periods of time or in shorter time frames. They are great to trade like this STO swing trades. What you would do in a swing tradings situation is if you were short on STO as in this example you would keep moving your stop loss down to just above the previous high and just keep riding it down until you either wanted to close it or until the trend is broken when the high is broken and you would be stopped out.
Here is a perfect example with STO.
Hope this helps. I was posting this chart on Hot copper so hence the explaination on the chart hehe
Enjoy
Here is a perfect example with STO.
Hope this helps. I was posting this chart on Hot copper so hence the explaination on the chart hehe
Enjoy
reflection and QBE
Hey all
I have had quite a busy week and a very frustrating week. Not because i lost money no no more so that i lost opportunity. I was so busy with this bloody RG 146 thing i was not focused and ended up closing out of my short positions way to early!!! still profit is a profit. Journals are good ways to work on your mistakes i highly recommend it.
Anyway here is a chart on QBE i spotted this weeknd. If only i saw it on friday would have been such a good long from the 195 EMA support.
Anyway could be a long up to $24, be careful though.
I have had quite a busy week and a very frustrating week. Not because i lost money no no more so that i lost opportunity. I was so busy with this bloody RG 146 thing i was not focused and ended up closing out of my short positions way to early!!! still profit is a profit. Journals are good ways to work on your mistakes i highly recommend it.
Anyway here is a chart on QBE i spotted this weeknd. If only i saw it on friday would have been such a good long from the 195 EMA support.
Anyway could be a long up to $24, be careful though.
Tuesday, January 19, 2010
Holidays
Hey guys,
Sorry again for the lack of updates i have been away down south for the last few days and have been really busy trying to finish my RG 146, i finished the 3 exams and passed but now i have this assignment due on the 27th so i have been really busy trying to get this done so dont expect to much until then. But after that i will have some good stuff for you all.
I have also started a trading journal and i recommend anyone who is thinking of taking trading seriously to begin one they are fantastic, you are your tuffest critic and i have noticed already a change in my trading.
Anyway more on that later. Also i like the sceen casting like BTA although im out of that now and will keep watching. I will try do some more of those, but i will be updating this year as i continue to learn new things as i have a whole big list to get through!!
Anyway until i have a bit more time next week i wont be putting much up. Maybe on the weekend?? but im not in to many trades until then... just my baby SDL and a short on RIO
Sorry again for the lack of updates i have been away down south for the last few days and have been really busy trying to finish my RG 146, i finished the 3 exams and passed but now i have this assignment due on the 27th so i have been really busy trying to get this done so dont expect to much until then. But after that i will have some good stuff for you all.
I have also started a trading journal and i recommend anyone who is thinking of taking trading seriously to begin one they are fantastic, you are your tuffest critic and i have noticed already a change in my trading.
Anyway more on that later. Also i like the sceen casting like BTA although im out of that now and will keep watching. I will try do some more of those, but i will be updating this year as i continue to learn new things as i have a whole big list to get through!!
Anyway until i have a bit more time next week i wont be putting much up. Maybe on the weekend?? but im not in to many trades until then... just my baby SDL and a short on RIO
Thursday, January 14, 2010
BTA
Hey guys
sorry for the lack of updates i have been busy and i have my RG 146 test today so i will try update more after next week.
here is a video i did on BTA, the fibs also look good but i forgot to put them on there
check it out
http://www.youtube.com/user/scilliams#p/a/u/0/HzVW7Ox032Y
thanks
sorry for the lack of updates i have been busy and i have my RG 146 test today so i will try update more after next week.
here is a video i did on BTA, the fibs also look good but i forgot to put them on there
check it out
http://www.youtube.com/user/scilliams#p/a/u/0/HzVW7Ox032Y
thanks
Friday, January 1, 2010
Shree
Hey guys,
Here is the link to the email, sorry it is sideways u gonna have to just download it and then rotate it in the view.
https://docs.google.com/fileview?id=0B0XTElbgQyCaMWE4NjQ2YmYtNTE4Yi00YjdiLWFmZDctNTMzODhiOGRhMjU3&hl=en
:)
Here is the link to the email, sorry it is sideways u gonna have to just download it and then rotate it in the view.
https://docs.google.com/fileview?id=0B0XTElbgQyCaMWE4NjQ2YmYtNTE4Yi00YjdiLWFmZDctNTMzODhiOGRhMjU3&hl=en
:)
HAPPY NEWYEAR!!
Hey everyone first of all happy New Year! hope everyone had a good 2009 and will have and even better 2010.
So i have been a bit lazy last week or so not much trading just watching you know thought i would take it easy for the end of the year and start fresh with 2010!!
I have sent off for my Shree IPO, i got sent an update from Colin Vost at Zurich in regards to why he likes the IPO and i will post this on my blog soon :)
Anyway here is a chart on SDL, i bought them a while ago and they have not been doing much, they have recently had a capital raising at 15c and have been sitting just below this area, i really should have bought at 14c but i was a bit slack haha stupid, but anyway now that the chart is giving me a much more clear bullish indication and with the games that have been going on with some big boys accumulating shares i think she is about ready to run, Drilling results will be coming out early this year (2010) with some more updates, they are in the process of gettin a finance partner and have got an interesting year ahead of them. I dont normally do to much research i trust the charts a bit more but i have done so on SDL as i have bought them before and went to the AGM. Still a Speccy but with a stop loss at 13c and the potential for short term to go to about 18.5c or 19c, and long term if they are able to secure finance partners and begin to prove up even more of a resource as is expected i dont see what would stop this stock going to $1 or even higher once in production which is about 3 years away but hey, 15c now to $2 or something crazy maybe even FMG crazy hehe is one heck of a lot of money and i am almost tempted to just hold it for the long term haha, gotta tell the trader inside of me to settle down haha.
Anyway this chart shows that it has broken out of a descending trangle pattern to the up side, it is broken through the 41EMA which is also bullish and the other EMA's are crossing upwards with the indicators turning up on the daily and the weekly. Based on past price movements i see 18.5/19c as a near term target.
Enjoy your 2010 :)
So i have been a bit lazy last week or so not much trading just watching you know thought i would take it easy for the end of the year and start fresh with 2010!!
I have sent off for my Shree IPO, i got sent an update from Colin Vost at Zurich in regards to why he likes the IPO and i will post this on my blog soon :)
Anyway here is a chart on SDL, i bought them a while ago and they have not been doing much, they have recently had a capital raising at 15c and have been sitting just below this area, i really should have bought at 14c but i was a bit slack haha stupid, but anyway now that the chart is giving me a much more clear bullish indication and with the games that have been going on with some big boys accumulating shares i think she is about ready to run, Drilling results will be coming out early this year (2010) with some more updates, they are in the process of gettin a finance partner and have got an interesting year ahead of them. I dont normally do to much research i trust the charts a bit more but i have done so on SDL as i have bought them before and went to the AGM. Still a Speccy but with a stop loss at 13c and the potential for short term to go to about 18.5c or 19c, and long term if they are able to secure finance partners and begin to prove up even more of a resource as is expected i dont see what would stop this stock going to $1 or even higher once in production which is about 3 years away but hey, 15c now to $2 or something crazy maybe even FMG crazy hehe is one heck of a lot of money and i am almost tempted to just hold it for the long term haha, gotta tell the trader inside of me to settle down haha.
Anyway this chart shows that it has broken out of a descending trangle pattern to the up side, it is broken through the 41EMA which is also bullish and the other EMA's are crossing upwards with the indicators turning up on the daily and the weekly. Based on past price movements i see 18.5/19c as a near term target.
Enjoy your 2010 :)
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