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Aussie Day Trader
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25.01.2022 News that could impact day traders http://www.aussiedaytrader.com.au/news-that-could-impact-d/
24.01.2022 There are two reasons to believe we had a low on the 14th Sept at 5192. These are: The index had a huge up move since (242 points in nine days), overtaking 50% of the down move from the high at 5611 to the low at 5192. The index overlap the low at 5361 on the 2nd of Sept. After Friday's close it could look like a lower double top (it needs to be proved). [ 39 more words ] http://www.aussiedaytrader.com.au/asx-200-for-the-week-sta/
23.01.2022 On Friday has been a scary red long candle down that takes out of the picture the recovery in short term of the blue trend line. It doesn't mean that the trend has changed, but there is now a possibility of double top at 5827-5833. The support should come in the short term at least at the red trend line and/or 50% of the last move down at around 5705-5715. [ 57 more words ] http://www.aussiedaytrader.com.au/asx-200-for-week-startin/
22.01.2022 DAX30 Index Day Trading Day trading DAX 30 future contracts or CFDs is suitable for Aussie traders as its trading hours start early in the afternoon (Australian time) and go till mid night. So if you have a day job and therefore trading mostly in the afternoon or if you are not a morning person than this is a great instrument to trade. [ 439 more words ] http://www.aussiedaytrader.com.au/dax30-index-trading/
20.01.2022 Few little things to remember when you trade Don't be intimidated by the market - fear is expected but you need to learn how to cope with itTake responsibility for your trading results - you must understand that your success is in you, not the methodology As we trade have a tendency to violate our rules so have your rules written down and read them every day before start trading [ 42 more words ] http://www.aussiedaytrader.com.au/motivation-for-a-new-tra/
19.01.2022 What a roller coaster week has been due to US election. As they say in the market 'expect the unexpected' it's what happened. After a sell of in the morning the 8th with a low at 5052 (as expected in case of Trump win), the index never looked back, and closed the week at 5370. Now, we have a bullish scenario: [ 53 more words ] http://www.aussiedaytrader.com.au/asx-200-for-the-week-end/
17.01.2022 It's been over two months (18th of May) since the ASX 200 has been trading in a little more of 200 points range (5630 to 5836). Within this range, the daily ranges are becoming smaller so we have a triangle formed with lower heights and higher lows(see chart). Now, we'll see where the triangle will be broken, up or down. If up the first resistance would be 5778 (previous high) then 5786 (72 ma) and the upper range high at 5836. If breaks down first support would be at 5665 (previous low and 200 ma) then a stronger support area between 5611 and 5630 (the lower range low). http://www.aussiedaytrader.com.au/asx-200-for-the-week-sta/
15.01.2022 Start the trading week with the right mind set ! Trade safe
15.01.2022 Hmm.... any comments?
12.01.2022 We could say now the index had an abc wave down and the 5th wave (the last wave) is on the way. So, the low came in on Tuesday at 5582, and being 1/3 retracement of the move up since November 2015, keeps the index in a bullish move. The large candle on Friday closed on the high so the move might be exhausted for a day or two. [ 27 more words ] http://www.aussiedaytrader.com.au/asx-200-starting-the-13t/
11.01.2022 It has been a trend less market lately with no big moves even in intraday action. The move down from the high on the 11th Oct at 5498 has been arrested on Tuesday. That low at 5386 is important as the index made two day up (contra trend) and Friday made a lower high, so it looks like if 5386 is taken we could have a fast move down towards 5300 (support). [ 38 more words ] http://www.aussiedaytrader.com.au/asx-200-for-the-week-sta/
11.01.2022 Last week I was expecting a pull back (lower lows) for one or two days, but didn't happen. Now, the index reached the last high (even overtook it few points). Now, that the index is at the old high (resistance), and after such a run it should have a pull back. So, watch on Monday the low at 5799 and if taken, the support should come at a blue trend line. In the short term if the index takes the high at 5833, I can't see much higher than 5861 (the 61.8 Fibonacci extension, see the chart above). http://www.aussiedaytrader.com.au/asx-200-week-starting-20/
11.01.2022 I think our market is finally trending down There are three reasons to believe this: The index finished a the fifth wave up. The last move up was very weak: three days down with six days up and a small false brake. The move down is greater than 61.8% Fib retracement (taken from the low on Feb the 7th at 5582 to the high at 5956). [ 97 more words ] http://www.aussiedaytrader.com.au/asx-200-for-the-week-sta/
05.01.2022 Anyone who disagrees?
04.01.2022 Ten Types of Trading Styles Which One Is for You? If you're not sure about the answer to the above question then keep reading - this article is attempting to classify the vast diversity of trading styles into a finite number of categories to make it easier for the beginners to comprehend how much variety exists in the market in terms of trading opportunities. [ 1,817 more word ] http://www.aussiedaytrader.com.au/what-is-your-type-of-tra/
03.01.2022 Happy New Year 2018 http://www.aussiedaytrader.com.au/happy-new-year-2018/
02.01.2022 Spooky - little brother (or sister?) ASX200 has seen some wild moves too!
02.01.2022 Since the break out at 5830, we are looking for the 5th wave (last one), and trying to work out the length of it. This is for ASX 200 index, but if we look at AllOrds it hasn't break out. It needs to take out 5963 (see the second chart). So, the break out point for AllOrds should be the first resistance for ASX 200. [ 32 more words ] http://www.aussiedaytrader.com.au/asx-200-for-the-week-sta/
01.01.2022 This is a bullish chart as the pull down has been a little more than 25%. On Friday the index made a high at 50% of the move down range (high at 5827, low at 5604), so a pull back of one-two days wouldn't be out of question. The real question is though if the index can make the final high (above 5827) that will make the 5th wave (must be shorter than w3), or make a lower high and go for an abc taking the recent low at 5604 for a wave c. Then taking the high at 5827. http://www.aussiedaytrader.com.au/asx-200-for-the-week-end/
01.01.2022 This is going to be an interesting week. Looking at the weekly chart, it looks bullish (see chart). It had an inside candle range and last week a lower low ( the low at support, normal) and a close near the open. The bullish scenario would be the index to take the high in weekly (or the close on daily at the high on Thursday) at 5776, and climb towards 5800. [ 47 more words ] http://www.aussiedaytrader.com.au/asx-200-for-the-week-sta/
