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 :)

Sunday, September 19, 2010

NCM Turn Dates

Hey,

I am sorry i didn't actually put up a chart and i only will share this here.

Although this trade has not worked due to the fact it broke the highs it made on Friday's turn date i have also included another chart on a weekly view.

These dates all lined up as showen on the daily. There were also dates coming from a weekly and monthly timeframe for NCM and why i was taking Position 1 short trades. We are still in a small speculative short but those stops are really wide for now.

Anyway thought i would share this and i think its and excellent example why you cant just rely on time or 'turn dates' as they obviously don't always work.

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This chart is just my weekly chart showing the trendline on the channel and how price is coming to the top... there are a few repeating ranges here but i have not included them on the charts.

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I will try updating more regularly :)

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