FOREX FUNdamentals

First of all i just want to say Thanks to everyone who came on Sunday to the conference, was a great bunch of people there and im so glad i got to speak to so many. The feedback has been great and ill try organise another one sometime soon!

Anyway i decided i would show you guys a bit of fundamental knowledge you can use to help your trading of the foreign exchange markets. This video is on the MEXICAN Peso so please enjoy :)

http://www.youtube.com/user/scilliams?feature=mhum

AUD Trade Completed

As per the Analysis that i did on the AUD last week i just made a quick video showing its completion to target and where we took profit for 245 pips :)

http://www.youtube.com/user/scilliams?feature=mhum


:)

Perth Trading Conference

Here are the details for Those who have missed or still looking at coming.

As per Hotcopper.com

http://www.hotcopper.com.au/post_single.asp?fid=4&tid=1239741&msgid=6965299

Hey Guys,

Well the Perth Meet is THIS WEEKEND the 29th of August!! Now that we are closer to the date will give a bit more of a clear cut plan.

So on the Saturday night we are planning on heading out on the town and having a few drinks and a dinner and anyone who is wanting to come is more than welcome but be warned i hear there is a lot of rum coming over from queensland ;)

For Saturday night we will meet at the Rydges hotel in the City (815 Hay St, Perth WA ) at around 5pm. From there we will decide where we will go based on the numbers that are wanting to head out etc. (Belgium beer cafe?) All suggestions welcome.

After the Saturday nights festivities we will all wake up (hopefully) and head to the Siderno Cafe for the meeting. Below is the itinerary

DETAILS: Perth HC meeting will be held on SUNDAY 29TH AUGUST 2010, This is at the SIDERNO CAFE (224 Main Street Osborne Park WA 6017)

The Cost will be $30 and this will include a full buffet lunch courtesy of Siderno Cafe. Money will be collected on the day so bring CASH and you will be issued a name tag.

Alcohol will be served at a discount rate to those attending so remember to say your thanks to those at Siderno :)

The Itinerary

9:30am meet and greet in the cafe (coffee's and socialising collections of money)
10:30am Welcome and introduction
10:40 First Speaker Scilliams on trading using swings and ranges
11:30am Second speaker begins Haspete on trading and using indicators with penny stocks
12:15pm Prep for lunch
12:30pm Lunch (buffet included in costs drinks optional purchased on your own for half price)
1:30pm End of Lunch
1:40pm Third Speaker Robbbbbbb - How to profit from the Market and trading mastery
2:30pm Interactive charting Exercise with Sharks37
3:15pm Break/intermission
3:30pm Question time with Spearks and JD, Askier and others who wish to participate
4:30pm End of meet Packup

We are likely to have a dinner and drinks at the Siderno cafe for dinner but we need to book a table as we have not allocated to stay for this long. If you want to stay around for dinner chats and a drink your more than welcome but please let me know so i can pre book you a spot!

Should be a great weekend for all and thanks for the help everyone!

Please send me an email and let me know if your coming (with HC nicname also)/not coming and want to stay for dinner or not as trying to get a better idea of numbers coming!

scilliamstrading@gmail.com

Thanks guys looking forward to it :)

THE END OF THE WORLD

This is the 4 corners documentary on the credit crisis and the one that might unfold!

Very interesting watch id recommend it.

http://www.abc.net.au/iview/#/view/625008


.

SPI Gann Plan..

Here is my chart showing the turns and horizontal resistance points.

These dates are what i use and were provided by Rob (tradethetrade) here are my thoughts on the market and why my bias is so bearish into early September.

Trades

Sorry

been lazy yesterday made video on my friday arvo
here is a vid on the trades i took today MQG and LEI ill post my thoughts on market this weekend ... get read to be SCARED lets see what dow does tonight tho

http://www.youtube.com/watch?v=VEOkfG0EiNM

Trade Video from the AUD setups below...

I have booked some on the position trade and scalped some of it! wow happy with whats happend already

targets are 8775 and stops still on highs 9050+ for position

http://www.youtube.com/user/scilliams#p/a/u/0/GLeuAUjGHyM

Enjoy the video :)

AUD/USD Continued

Ok i have taken my positions as indicated from twitter average is 9015

I dont know how much more analysis i could do on this pair but i guess now its time to step back and see if she works!!

This analysis here should go in conjunction with the charts below as the ones below are the TARGETS and this is the ENTRY and why

Now we hold and prey cauz we are loaded!!

HEAD AND SHOULDERS 1 hourly



WHY WE ENTERED AND WHAT WE LOOKING FOR... (see charts on previous post also)

AUD RANGE AND PROJECTIONS!!

These are the charts i have for AUD. We had turns on the index near the tops and that has played now we would look for a 50% rise and fail (lower swing top) to confirm the move and add into this position.

AUD has failed at this point and looks to be heading down. This now needs to get through the 50% of the rise up fib which has not been included on the chart but it does look good to complete to 75% or 100% of the range.



This target area coincides with the monthly range projections and would certainly present a good take profit area for those who have got the shorts from either the highs on the turn or from the lower swing confirmation.



Lets see if this all plays out but risk to reward now on the added position is minimal with stops moved to the lower swing top highs.

:)

AUD and EURO trade

Here is a video on the trades we took this arvo

http://www.youtube.com/user/scilliams

EUR/USD

ill do a video on this in a bit as i said but this is the chart i saw and what i traded from.

aussie trade update

Here is video updating the trade i just took on aussie.

we closed half for 8pips and rest got stopped break even. Another leg up maybe then get short into an ABC correction as per charts posted on weekend??

This was what i thought maybe happen now, head and shoulders... maybe still?

http://www.youtube.com/user/scilliams#p/a

AUD USD QUICKLY!!

Setup im looking at for scalp at least back to 88



video i did for London analysis...

http://www.youtube.com/user/scilliams#p/a

AUD USD QUICKLY!!

XJO

Market time and price chart i keep...


Whats the story? Maybe if my AUD thoughts play out then this market could be getting bullish also?? mmmmm

Currency Update

AJ (president) and AU (aussie) chart updates from last weekend were i suggested rising wedge on AJ should fall outta bed and the same for Aussie... Enjoy the charts

Plans for Aussie



Updates chart on AJ

zeee president

http://www.youtube.com/user/scilliams#p/a

Aussie jappy set up

Plan for Aussie Jappy similar to Aussie Dollar...

If they dont give me another quick leg up im not all that comfortable loading in where they are but might see if can scalp them..

NCM Range Trade

Missed this one which was annoying! I hate working longer than 1 hour!!

Anyway forex this arvo looks like its on the cards been a good week with not a single losing trade! (touch wood) See if we can carry that on this arvo on friday the 13th!! eeeeek maybe i should just open a beer and start the weekend early ;)

http://www.youtube.com/user/scilliams#p/a/u/0/uB3bS4NgCv4

CABLE SCALPS

Here is a video on a few scalps i did on cable this arvo...

http://www.youtube.com/watch?v=5wRtA-uJ8JY

MQG trade

Here is a video documenting the MQG trade we took this morning.

http://www.youtube.com/user/scilliams#p/a

Technical Difficulties...

Reallllllllly annoy me...


FX platform decided to completely die, re-installed new versions, didnt have my layouts, still unable to get some indicators to work...

Hours of time wasted and many pips down the toilet!!

The joys of computers fella's

:)

Hey guys,

Just testing this out, want to start uploading a few videos as now have a Mic so will try share a few trades and ideas through video. Seems a bit better like that and i prefer that just testing a few things for quality and sound etc but yeh see how we go.

Enjoy

http://www.youtube.com/user/scilliams#p/a/u/0/HT0Djf_xCAg

Tuesday, August 10, 2010

CABLE TREND CHANGE??

This is my analysis for a cable short position trade.

dont know if i like the thumbnails so thought id try this one with full size images see how it goes...

I see repeating range happening here....



Also then i see it rejecting from the 61.8% fib of the main drop. It broke previous highs so i would think this would be a trend change to longside is the main concern so this is more a short position trade scalp thing to take it long from around 1.55 or 1.53 area...



And this is where and how i get into it and what i will be watching for...



Anyway it could be risky but if i can catch trend change for couple 100 pips im laughing ;)

Keep it tight boys and girl :)

BHP

This is my BHP Gann resistance levels...

As for the time one... One could argue that today was a turn date and look where it is at the price levels... Certainly going to be interesting and ill watch closely but rob is the master of BHP and as always with BHP... i was early!

CTX

Update on CTX,

I have turn date today, I actually wanted it to open around 10.80 level and for price to fall through the open. This could be a wave 4 of a 5 wave down however i have a few differnt thoughts but i have not got charts on the web to share so you will just have to deal with this one and make your own conclusions and trade plans.

:)

Update

Hey Guys,

Have not done to much this week as yet, Stocks look toppy but i will wait for turn before jumping into to much. Just day trades here as per Twitter and looking at the currencies a fair bit.

One that has been going so well is GBP/USD. Such a strong move up and its getting silly now i really cant see how it can keep going. It's now at the 61.8% fib of the drop and what i would call some resistance and a sell zone. Maybe on a lower top you could try catch a trend change. I am looking for it to get back down to one of the fibs of the move up and then take it long again...

If you look back you will see my old GBP/USD chart. Never really got that pull back but looks like its worked perfectly!!

Anyway Enjoy :)