Wednesday, September 17, 2008

Fed will lend $85 billion to rescue AIG

U turn



This set up works best when the U is small and volume above average. If U is too big i usually avoid that stock.

Government bailout of AIG likely

Monday, September 15, 2008

AUD/USD update 130 pips profit

My entry was based on candlestick patter and S&R play. Bearish tweezer top candlestick pattern is one of my favorite in forex,its very reliable.

Lehman Brothers To File For Bankruptcy

Stocks set for big selloff

World's central banks move to calm Lehman storm

Waiting for the next move

If the pair break the support line i will go short,my stop loss will be 70 pips from my entry.

Building a Trading Model

Somebody Like You

Table of contents for the Parallel trading course

TABLE OF CONTENT
BASICS OF THE MARKET...............................................................................................................5
WHO ARE THE PLAYERS IN THE FINANCIAL MARKET?.....................................................5
HOW THE FINANCIAL MARKET WORKS...................................................................................6
WHY DO TRADERS LOOK FOR SMALL SPREADS?..................................................................6
PATTERN DAY TRADING MARGIN RULES...............................................................................7
UP TICK RULE ENDS ......................................................................................................................8
WHAT WAS THIS RULE?................................................................................................................8
TIME ZONE AND TRADING SESSIONS......................................................................................9
HOW TO USE THE TIME AND SALES WINDOW......................................................................12
POSITION SIZE CALCULATION..................................................................................................14
STOP-LOSS CALCULATION..........................................................................................................14
WHY POSITION SIZE IS SO IMPORTANT................................................................................17
ABANDON BABY ..............................................................................................................................26
DARK CLOUD COVER:....................................................................................................................27
DOJI....................................................................................................................................................27
ENGULFING.....................................................................................................................................28
EVENING STAR...............................................................................................................................28
HAMMER..........................................................................................................................................29
HANGING MAN...............................................................................................................................30
HARAMI............................................................................................................................................30
INVERTED HAMMER.....................................................................................................................31
STAR PATTERN...............................................................................................................................31
SHOOTING STAR............................................................................................................................31
SPINNING TOP................................................................................................................................32
THREE BLACK CROWS...................................................................................................................32
THREE WHITE SOLDERS..............................................................................................................33
THE SHADOW OF CANDLESTICKS (LONG WICK): ...............................................................33
TECHNICAL ANALYSIS.................................................................................................................34
WHAT IS RESISTANCE?................................................................................................................39
TRADING RULES............................................................................................................................42
TOP FIVE PATTERNS....................................................................................................................42
HEAD AND SHOULDER/INVERTED HEAD AND SHOULDER...............................................42
TRADING RULES............................................................................................................................44
DOUBLE BOTTOM/DOUBLE TOP .............................................................................................45
TRIANGLE........................................................................................................................................48
SYMMETRICAL TRIANGLE.........................................................................................................48
ASCENDING TRIANGLE...............................................................................................................49
DESCENDING TRIANGLE.............................................................................................................50
FLAG..................................................................................................................................................52
TECHNICAL INDICATORS AVAILABLE TO US......................................................................55
MOVING AVERAGE.......................................................................................................................59
FIBONACCI RETRACEMENT.......................................................................................................61
VOLUME...........................................................................................................................................62
GETTING STARTED......................................................................................................................64
WEBSITES........................................................................................................................................65
FREE SCREENERS..........................................................................................................................65
TRADING RULES AND SET-UPS................................................................................................69
SELECTION.....................................................................................................................................69
EXECUTION....................................................................................................................................69
ENTRY STRATEGY.......................................................................................................................69
EXIT STRATEGY............................................................................................................................70
GRADE A SET-UPS (1-7)...............................................................................................................70
PARALLEL SET-UP 1.....................................................................................................................70
PARALLEL SET-UP 2.....................................................................................................................74
PARALLEL SET-UP 3.....................................................................................................................78
PARALLEL SET-UP 4.....................................................................................................................81
PARALLEL SET-UP 5.....................................................................................................................88
PARALLEL SET-UP 6.....................................................................................................................89
PARALLEL SET-UP 7.....................................................................................................................96
GRADE B SET-UPS (8)...................................................................................................................99
PARALLEL SET-UP 8....................................................................................................................99
GRADE C SET-UPS (9-10)............................................................................................................104
PARALLEL SET-UP 9....................................................................................................................104
PARALLEL SET-UP 10..................................................................................................................106
FOREX..............................................................................................................................................108
BENEFITS OF FOREX TRADING...............................................................................................108
FOREX TRADING SET-UPS........................................................................................................109
SOME BASIC TERMS....................................................................................................................109
FOREX CONTRACT SIZE.............................................................................................................109
SOME IMPORTANT FUNDAMENTAL INDICATORS IN FOREX.......................................110
EUR/USD.........................................................................................................................................110
USD/JPY..........................................................................................................................................110
GBP/USD.........................................................................................................................................110
TRADING SUPPORT AND RESISTANCE.................................................................................111
SUPPORT AND RESISTANCE STOP LOSS METHOD...........................................................111
HOW TO TRADE TRIANGLE PATTERNS...............................................................................117
RISING WEDGE PATTERNS......................................................................................................119
ASCENDING CHANNEL PATTERN...........................................................................................120
WHAT TO LOOK FOR IN AN ONLINE FOREX FIRM...........................................................122
SUMMARY......................................................................................................................................123
TRADING JOURNAL....................................................................................................................123
HOW YOU WILL PREPARE YOURSELF..................................................................................124
SUMMARY.....................................................................................................................................124
GENERAL TRADING RULES......................................................................................................124
COMMON MISTAKES THAT UNSUCCESSFUL TRADERS MAKE.....................................125

Feds, Execs Regroup to Negotiate Lehman Deal

Website says BofA will lead Lehman buyout

Govt., Wall Street races to try to save Lehman

Boeing strike another hit to economy