NASDAQ - stocks to watch

how to filter stocks that haven't been traded for a period of time in MetaStock

Searching for Metastock scripts I found a really useful script that filters the stock that haven't been traded . You should create a new explorer in MS with the following code:

year:=2008;
month:=7;
day:=25;
isTraded :=If(Year()<>year,1,If(Month()<>month,1,If(DayOfMonth()<>day,1,0)));

And filter for
isTraded=1

culturally learned behaviour that results in an unsuccesfull trading experience

This is from Mark Douglas' book : The Disciplined Trader

1. Refusing to define a loss
2. Not liquidating a losing trade, even after you acknwledged the diminishing trade potential
3. Gettin' locked into a specific opinion or belief
4. Focusing on price and the monetary value of a trade
5. Revenge-trading
6. Not reversing your position even when you clearly sense major change
7. Not following the rules of your trading system
8. Finding yourself immobilized in executing what you planned or what you felt doing.
9. Not acting on your instincts.
10. Establishing a consistent pattern of success over a period of time and then giving your profits to the market in one or two trades.

Whipsawed ?

I just closed my long position on EUR/USD ( pretty close to breakeven) and entered short.

sold EUR/USD at 1.58873

stop loss at : 1.604

risk: 15.27/ lot

take profit: >1.539

potential reward: 49.73/ lot

risk:reward ratio: 1:3.2

Oh, my GOLD

As expected the gold is rising, so why not speculate a little.

Long XAU/USD at 977.275.

Stop Loss at 968

Risk: 10$/contract
Take profit : > 985

Potential reward: > 8$

risk - reward ratio : 0.8 I have to admit this is not enough :( .

gold breaks out

Let's watch the gold ...this is probably one of my next trades:

My first FOREX order

Today I entered my first FOREX order. It was a market order, I went LONG on EUR/USD and bought at 1.58975 ( with a stop loss at 1.578). Here is the snapshot of the market:

As you can see a new breakout is on its way as the momentum is increasing ( see RSI). The risk is almost 10$/lot and the expectation is at least 1:1 (meaning at least 10$ reward/ lot)  as the rate is going to hit new highs. 

Happy trading !