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 :)

Saturday, April 24, 2010

Farming the West

WES

This is a longer term chart i have just been playing around with, i dont think this is complete but it was one of the first ones i have been doing. Basically the longer term timeframes look over bought on the indicators and loosk like the black down arrow will need to complete. The most accurate cycles are the lows which appear to be running in multiples of gann's 30 degree cycle (30 weeks low to low)

Projecting this forward at 1050days so 150 weeks (i just decided this length it could be shorter or longer but for the price to complete a range down it appears is normally around $9 multiples)it could be shorter or longer but this is just a basic projection i have done.

Then basically from there i have taken the rough 900 number of days from high to high and taken just used the $15 price as a guess as this is going a bit to far ahead to get to excited about but i would be looking for something around here. It is just something i got going with i will try putting some more work into it later to get more accurate but much more to do before that!!

Anyway hope you guys can enjoy it

WES Gann

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