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 :)

Tuesday, April 20, 2010

i cant hearrrr you

COH, What a run, like most stocks lately she has had an exceptional run, i just was laying a few fibs over the chart based on the repeating ranges which are roughly $10.50 - $11.50 ranges over a period of 25-30 days, not bad returns for a month giving over 20% a move.

Basically what i am showing here is that based on the past ranges that now the stock has moved to the 150% fib levels, This is a strong level and as we can see the stock could not close above this level. It is interesting to note the gap it left on this move up as well which could maybe form an island reversal. I am not short on this stock and have been stopped on it about a week or 2 ago when i held a short over night doh!!

Excellent profits for those long and i commend you on that trade i certainly wish i even had 100 shares long!! Will be watching more for the interest of seeing if this pattern will play out. I might try a few other gann things with it if i get some more time :)

COH Repeating Ranges

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