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 :)

Thursday, September 9, 2010

SDL

This is a stock i have held in my cash account for a long time and one i have gotten many family and friends into. Excellent company with excellent potential. The announcement the other days regarding the MOU with chinese for the railway was a huge step forward in the project so i thought i would elaborate the plans better through charts for those that are wanting to take profits along the way.

I love the stock long term and holding until production will be my target but as you all know i do trade and do charts so i thought i would post a few for this one...

Please make your own decisions and no advice is given. Remember you need to sell to make money but its up to you when you do that :)


this chart shows the cycles of a stock and generally how things work..

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These next 2 just show simple repeating ranges and profit levels using support and resistance...

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Happy trading guys :)
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