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 :)
About Me
- Scott Williams
- 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, August 10, 2010
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August
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