About Me

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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 :)

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This blog i have designed for a bit of fun, education and sharing of my thoughts in regards to trading the ASX or general equities trading and also FOREX trading. I am no expert and nothing on this blog should be taken as financial advice, it is merely just a tool for myself to share any trading thoughts i have and for people to enjoy reading :)

Friday, January 22, 2010

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.

STO - 22-01-10

Hope this helps. I was posting this chart on Hot copper so hence the explaination on the chart hehe

Enjoy

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