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, May 21, 2010

XJO update

I think retest the underside of the megaphone pattern and those lows... then break for lower. Run down prob until the end of the year.

I have a turn date end of this week coming up so if we are up until then and looking like resistance could be more shorting to come

Some charts starting to look ok thought with some bullish divergence across the indicators... im not getting my hopes up though and still will trade each thing daily... RMD been nice so far though :)

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There is another level not shown on the chart the 50% fib level and i think that might be important also but ill do a chart on that later for everyone :)

That one could play nicely if it lines up in time also... but more on that later i think the price level is around 4038 or there abouts ill have to double check. Time for the weekend now guys and remember don't get caught in the hype to much :)

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