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, August 3, 2010

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 :)


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