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Prices remain in consolidation mode below resistance at 106.74, the 23.6% Fibonacci expansion.A daily close above this barrier initially targets the 38.2% level at 108.04. Alternatively, a reversal below support in the 104.84-105...
My trading system statistics, strategy description and signal performance. You will receive free signals through a simple to follow subscription service. This widget displays the current information about my bitcoin trading signal. Its content is updated automatically...
The S&P 500 initially fell during the course of the week, but found enough support at the 1945 level to turn things back around and form a nice-looking hammer. This hammer of course suggests that the market is going to go higher, on a break above the top of the range...
I just finished reading Mark Cuban's Idiot's Guide to High Frequency Trading. The title is half accurate - it's certainly idiocy, though it's by no means a guide...
By the end of 2015, 70 percent of U.S. credit cards and 41 percent of U.S. debit cards will have security chips. While Europe, Canada and Mexico have had chipped cards for years (usually with a chip and a PIN), the U.S...
I'm a former high frequency trader. And following the tradition of G.H. Hardy, I feel the need to make an apology for my former profession...
West Texas Intermediate oil futures edged higher on Tuesday, as market players assessed demand prospects from the U.S. and the supply outlook in Iraq. On the New York Mercantile Exchange, crude oil for delivery in August rose 0.4%, or 42 cents, to trade at $105...
Situation from yesterday remains the same. New channels are not formed...
So, a pair will be a breakthrough channel, which indicates the desire to move up...
EUR/USD: Wave (B) ended at 1.5145 and wave I of (C) ended at 1.1876 As the single currency has continued to edge higher after holding above support at 1.3564, retaining our view that further consolidation above this level would be seen and another corrective bounce to 1.3677 and possibly 1...
EURUSD Price finally broke out of its 16 day range. The next question is whether price can extend itself into higher levels and Fibonacci targets before making a retracement (below red and orange...
The dollar has changed against the euro and the yen on Tuesday, but the greenback’s gains held in check amid persistent concerns over the outlook for the U.S. recovery. EUR/USD fell 0.07% to 1.3682, easing back from the five-week high of 1.3698 set on Monday...
The AUDUSD is trading in an ascending triangle With the absence of a new high, traders can wait for a breakout The triangle low and high can be used to extrapolate price targets At some point, market trends will come to an end...
The FTSE fell during the course of the week, testing the 6700 level. This of course is an area that has been supportive and resistive time and time again, so the fact that we bounced from there isn’t that big of a surprise...
The Chinese manufacturing purchasing managers' index, or PMI, rose to a six-month high in June after a weak start to the year, the results of a survey by the China Federation Of Logistics And Purchasing and the National Bureau of Statistics showed Tuesday...
The Dow Jones 30 fell during most of the week, but found enough support at the 16,800 level to turn things back around and form a hammer of sorts. The 17,000 level just above is massive resistance, so we can get above there we believe that this market could continue to go much higher...
The natural gas markets fell again during the course of the week, testing the $4.60 level but failing. Ultimately, we did push towards the low of the recent consolidation area, and as a result we now find ourselves in a situation where this market is going to test significant support...
The silver markets rose slightly during the sessions over the past week, but as you can see that $22 level is an area that has caused resistance previously...
What risk setting do you use? Do you use your stop distance to determine risk, or do you use risk to determine your stop distance? I use both, and actually don't use a stop most of the time...
