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 :)

Thursday, April 29, 2010

EUR/USD

I have been just mucking around not much but looking at the EUR/USD i basically see a rough 20c repeating range, now bear in mind this is on the weekly and some of them actually took years to complete, this recent down move has done it in under a year and the 2008 crash basically did almost double the range in under a year.

I see support and no doubt a phsycological level at 1.3 and this coincides with the big uptrending line, i have projected that if it does bounce off this line or the next minor support just below then if the range does repeat it should take us to the bottom of the descending trendline.

This is really long range forcasting but trying to just 'see' what could possibly happen. Would love to know some gann things and if they can apply to FX in regards to turn dates and such and i might have a look at a few later on next week or when i have some time free to muck around would be very interesting :)

eur/usd April

1 comment:

  1. learning about this in international finance!

    pretty gay subject.. hell hard to get ur head around the different currency maths

    ReplyDelete

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