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 :)

Twitter / scilliams

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 :)

Thursday, April 29, 2010

BHP Trendline

Just thought i would update this chart.

I day traded it and made a bit off her and then decided i would add back a small position at the lows 41.98 so was happy until it gapped down through that trendline. Not a big loss and have moved stops out to the weekly and monthly range fib levels.

Will look to add on a weakness if these levels hold to average down, i am thinking it might retest the trendline so happy to get out around here.

Annoying to say the least but that is the pitty with Gaps sometimes the cant be helped...another reason i want to go to the forex LOL

BHP

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