Video- Scanning for trade opportunities
A few readers have asked how I go about looking for trade opportunities each day, so tonight I've done a video giving a brief overview of one of the morning scans I run.
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.
A few readers have asked how I go about looking for trade opportunities each day, so tonight I've done a video giving a brief overview of one of the morning scans I run.
Alan
Not to be considered trading advice. Post by Alan McGrath at 1:09 AM
Labels: Software/Tools comments (3)
Morning all,
Only a small amount of time to post a few charts this morning. Focus will still be on the uranium sector for me as the spot price continues to rise.
Aurora Oil and Gas (AUT)
Deep Yellow (DYL) - Posted a chart on these guys a while ago when it was trading @ 18/19c, with a target in mind of 28c. Target was reached a few days back, however it seemed to show continued strength since.
MEO Australia (MEO)
Chesser Resources (CHZ)
Allied Gold (ALD) - Not sure about this with the pull back in gold overnight. If it shows continued strength today it might be worth considering.
Cheers and good luck
Kevi
This weekend I'll be in Melbourne doing a free 2 hour presentation on behalf of FP Markets.
In an open forum discussion, I'll discuss my trading style, trade set ups, trading psychology, trading tools and trade examples. I'll also be taking questions from the floor during the presentation.
Registrations are essential.
Date: Saturday 13th November 2010
Location:State Library of Victoria
328 Swanston Street, Melbourne
Time: 10am - 12pm
Register here.
Hope you can make it.
Alan
Morning all,
With all the talk about the banks the last few days since the Comm Bank decided to do the so called 'unthinkable' (raising the rates above the RBA's), I thought I would have a quick look at the ASX financials index (XFJ) to see where it is at right now.
Here is a chart. IMHO it looks interesting, and I reckon it has a chance of breaking higher into the upper channel.
Here are a few other charts
Silver Mines (SVL)
Flinders Mines (FMS)
Here is a chart I posted a week or so ago also. Extract closed @ $8.39 Friday and looks to have a big more in the tank..
Extract Resources (EXT)
Consolidated Tin (CSD)
Cheers and good luck this week
Kevi