Let's make a simple and quick introduction to one of the most interesting fields today - Data Mining. There is a wide range of Data Mining applications. We should integrate Data Mining in our FX trading. FX, FOREX or the Foreign Exchange FX is the biggest market in terms of daily traded volume...

Click on my name for further discussion... These are the famous words spoken by Keynes the great economist. When I see 15 year optimizations on an EA, I wonder. How useful is that. I guess mathematically if an EA s performance over 15 years can average a profit probably means it is resilient...

For experienced traders in the forex market, Abandoned Baby candlestick patterns is amarker of reversal trend...

1. Be different. If you think that making money is about doing exactly as everyone else is, then you have got it all wrong according to Buffett. 2. Be a planner. Buffet calls it “thumb sucking” when you sit around and act like a kid that doesn’t know what to do...

Bonds. These are generally regarded as among the safest income investments, as they are essentially a loan made with the promise of more being repaid than what is loaned. Dividend Stocks...

Michael Lewis on Dick Thaler, the Economist Who Realized How Crazy We Are (BV) 11% of hedge funds manage 92% of total industry capital (CIO) see also The Billion Dollar Club (TRB) Lehman Brothers ex-CEO blames everyone else for financial crisis (Politico) Why Do Former High-School Athletes Make M...

Phase I "Following the ECB QE announcement on Jan. 22, EUR/USD settled around 1.14 for 5 weeks. On Feb. 26, higher-than-expected core CPI (for Jan.) caused EUR/$ to fall two big figures to 1.12...

1. Financial freedom Being a successful trader not only means that you can make a lot of money, but much more importantly, it means you have freedom. You have freedom to essentially do what you want when you want, and you really can’t put a price on that. 2...

An upward revision in the U.K. 1Q Gross Domestic Product (GDP) print may heighten the appeal of the British Pound and spur a near-term rebound in GBP/USD as signs of a stronger recovery raises the Bank of England’s (BoE) scope to normalize monetary policy sooner rather than later...

The basic elements of the strategy are as follows: 1. Identify a market that is in a bear trend on the 5 minute chart 2. Wait for a retracement in which the low of latest candle is above the 20 EMA 3. Go short, targeting the low of the day...

1. Brooks is a price action trader with 27+ years of experience. 2. He is an active day trader, trading off the 5 minute chart. He trades the entire day. 3. He has a purely technical approach, relying totally on price action with just a few moving averages. 4...

This is detailed guide to profiting from trend reversals using the technical analysis of price action. The key to being a successful trader is finding a system that works and sticking with it. Author Al Brooks has done just that...

Click on my name for further discussion Let's face it nothing new has really been invented in trading in the last 30 years. Computers are faster and more intelligent , but most of the trading strategies and indicators used by them were invented a long time ago...

Here’s How to Make Millions as an Art Forger (Bloomberg) Decoding the Enigma of Satoshi Nakamoto and the Birth of Bitcoin (NYT) Can Algorithms Form Price-Fixing Cartels? (New Yorker) Silicon Valley Is a Big Fat Lie, veering toward fall-of-Rome territory...

Seven Lies Investors Tell Themselves (Total Return) Still Waiting For a New High in Breadth (Bespoke) Meet Generation Subprime (USN&WR) Mark Zuckerberg Just Wants a Little Privacy. $100 million and 750 Acres of It. (Slate) see also Top CEOs Make 373 Times the Average U.S...

Regular Divergence: Higher highs in price and lower highs in the oscillator which indicate a trend reversal from up to down. Lower lows in price and higher lows in the oscillator which indicate a trend reversal from down to up...

Relative Strength Index (RSI) is most popular indicator. RSI is an oscillator which is oscillating between 0 and 100. The RSI is indicates the strength of trend: values above 50 indicate a bullish trend values below 50 indicate bearish Forex trend. The RSI measures momentum of currency...

Trading currency in the Forex market centers around the basic concepts: buying and selling. Let's say you want to buy the AUDUSD currency pair. If the AUD goes up in value relative to the USD and then you sell it, you will have made a profit...

Inside bars are easily identified pricing patterns that can be found on virtually any chart. The pattern itself requires some simple technical analysis, which includes identifying a series of highs and lows on a daily chart...

The fractals are technical indicators, part of the Bill Williams’ indicators. Unlike any other indicators, this one is not a line or histogram bars; it is just a simple arrow on top of or below the bars of the price chart...