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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Scilliams Trading Blog

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, September 21, 2010

CTX Update

This is my CTX chart as you know if you read this blog.

Anyway this is why i took a short position on CTX where it is today. Stops to be tight would be just over the 12.60 area but to give it a lower double top/double top scenario i would look to put stops over 12.75 (previous highs in April)

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Lets see what the market wants to do. Purely speculative and no lower swing top to confirm this trade!
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1 comment:

  1. raineSeptember 21, 2010 at 9:55 AM

    It is a slow old day Scott - hard to get a good setup I think.
    Thanks for your blog - I have installed the Feed Notifier program so I see them as you post to twitter. You make me think - you have good ideas and it helps to have them as prompts sometimes.
    Your CTX seems to be behaving now.
    Good luck with it all
    Raine

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