Trading questions

1.Why would you select this stock for your day trading?
2.What would you be looking to get short or long?
3.Where would you put the stop loss and why?
4.Where would you partial and why?
5.Where would you exit?
6.What would be your position size and why?

WaMu is largest U.S. bank failure

AUD and gold

The commodities-driven currencies make gain/lose as the spot price of gold soar/decline. Australia is one of the world's largest producers of gold ,so trading AUD is very much like trading gold.

Why should i only trade high probability set ups.

High probability set ups along with better risk and reward trades can change your trading account over night.You don't need to trade every single day if your system says there is zero trade,you shouldn't push your system to produce a mediocre set up.This is the biggest problem for the traders who easily get bored and end up trading poor set ups. Trading is not for your Entertainment ,if you enjoy trading thats good but you have to protect capital,this is only possible when you will stop doing that.Always look for better entries,before you enter a trade you have 100% control over your money.As soon you enter a trade ,market will have partial control,you have only control over your exit thats it.So look for better risk :reward set ups. OI gave us the high probability low risk set-up. 1:10 = risk: reward,which is amazing.

What short sale ban? Where there is a will..

Consolidation at the 38.2% level

Both pairs consolidating at the very important 38.2% fibonacci level. Still there is no trade for me ,as because they do not have any momentum .

What Makes a Successful Day Trader

A successful day trader is someone who has a trading plan and follows the trading plan.

Your trading plan tells you when to enter a trade and why, and when to exit and why.

A successful trader understands the law of probability. They do not trade low probability set ups.

A successful trader knows how to control his emotions at given any time.

He/she is a good money-manager .He cut his losses and let his profits run.

He is open to new ideas .

Big picture

Day trader should know the big picture before they get lost in intraday price action,macro price and volume analysis the key to success in day trading. Following the overall market will make a lot of sense to you ,make sure that there is no support/resistance close to your entry point.

Trading questions

1.Why would you select this stock for your day trading?
2.What would you be looking to get short or long?
3.Where would you put the stop loss and why?
4.Where would you partial and why?
5.Where would you exit?
6.What would be your position size and why?

Short sale bans seen a risky game by regulators

Forex update

Fed actions don't address root

Those behind market crisis should be punished

AUD/USD update

AUS/USD showing some strength at the moment but .8500 area is acting as resistance,i am looking it closely ,if the pair break this resistance i will consider long or if the present candle turn red i will consider short in accordence with other confirmation.

GG long

Entry $34.24
Partial -$34.51(161.8%)
Exit $35.07(261.8%)

Why Short Selling is to Blame for Stock Market Volatility

Hedge fund group wants looser short-selling rules

The naked truth: short selling must be banned

ASIC clarifies short-selling ban after confusion delays trading

Now Australia bans short selling.Interesting move by the ASIC!

8th Ritmo Brazilian Festival.Darling Harbour, Sydney, Australia