Chart Focus - 14 Oct 2010 video
And here's part 2, featuring a few interesting charts overnight...so many to choose from right now though. A close above 4700 on XJO still the key for me.
Alan
My name is Alan McGrath. I'm a successful Aust CFD trader and I use this blog and Twitter to post my trade and market observations.
I've recently been joined by a trading colleague, Kevi, who will share his thoughts on trading.
When reading blog and Twitter, keep in mind that we are short term traders. Projected time frame for trades is usually from several minutes to several days. All views expressed here are those of the author's and do not constitute advice of any kind.
And here's part 2, featuring a few interesting charts overnight...so many to choose from right now though. A close above 4700 on XJO still the key for me.
Alan
Tonight's video went over the Youtube time limit so I've cut it into 2 pieces...the first focusses on intraday short and long scalping on news plays.
Alan
Not to be considered trading advice. Post by Alan McGrath at 12:43 AM
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Pretty ordinary effort by the market today, but with U.S Futures, European markets and gold all strong this evening there are at least some positive early signs for tomorrow.
This video includes XJO, PDN, LNG, KZL, CCC, LRL and AJM. I hope to do a video later tonight focussing on indentifying and trading intraday short scalps.
Alan
Well we definitely confirmed a failed attempt at breaking that 4700 resistance on the XJO...for now at least. Where to now is anyone's guess, but I've offered a few of my thoughts on the XJO chart on tonight's video, along with FMG, PNA, LYL and VOR.
Best viewed full screen and 360p or higher.
Alan
Morning all,
Still alot of nice charts floating out there. Yesterday was very good day for movers in teh spec sector, with Deep Yellow (DYL) and Altona Mining (AOH) some of the stand outs.
Here is the Deep Yellow (DYL) chart.
Now for the Altona Mining (AOH) chart. I posted this same chart yesterday morning, so yesterdays candle isnt showing. It did however hit 28.5c yesterday before closing right on the resistance level @ 28c. Today is crucial for closure above the resistance level for the short term outlook anyway.
Shaw River Resources (SRR)
Another one of interest. Hit 18c (resistance level) with some big buys yesterday before closing @ 17c. I think there might be more left in the tank on this one looking at the volume and indicators on the chart. Next resistance past 18c is around the 23c level.
Final chart is Fox Resources (FXR). I spotted this yesterday afternoon heading into close. So really strong buying at the 14c level, and then some very large buys in the auction to close this @ 15c well above the recent resistance level. Looking at the chart, I suspect there will be some solid volume here today.
Cheers and good luck
Kevi
Tonight's video includes commentary on stocks including MHM, GXY, AIW, NAV, PDN, DYL, GDN and XJO.
Best viewed full screen and 360p or higher (available in HD).
Alan
Morning all,
See below a few charts of interest.
Sundance Resources (SDL)
I have posted both the daily and weekly below. Daily highlights the reversal, whereas the weekly shows the potential momentum and possible target ahead.
Lonrho Resources (LOM)
Daily and weekly also. Its already had a good run, though could have more in the tank looking at the weekly and the resistance level on that chart.
Leighton Holdings (LEI) - weekly
Altona Mining (AOH)
Weekly chart below. Shows the potential here also.
I have some more charts I will try and post during the day.
Cheers and good luck
Kevi
This was originally part of Friday's video but it was rejected by Youtube for being too long. I was going to abandon it but thought I'd throw it on here anyway:
Alan
Not to be considered trading advice. Post by Alan McGrath at 11:03 PM
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