Trend: two successively higher tops and bottoms (uptrend) Trend: two successively lower tops and bottoms (downtrend) Other names for a positive trend: run up/bull run/rally Other names for a negative trend: run down/bear run/decline Trading range: the market moves up and down within a consistent...
For today R4 - 1.1245 R3 - 1.1218 R2 - 1.1188 R1 - 1.1135...
What is price action trading? The basics of reading charts Support and resistance Basic set-ups and stop placement Two examples of trades from the forex market...
The New Zealand Dollar is struggling to maintain upside momentum having launched a recovery following the formation of a bullish Morning Star candlestick pattern. Prices continue to grind against support-turned-resistance in the 0.7608-82 area, with a break above this threshold exposing the 38...
Goldman Sachs: EURUSD Elliot Wave - there is still one last leg lower to complete the 5-wave decline
"The market came close to testing 1.0911-1.0914 - 76.4% retrace of the Apr. 6th/13th drop and 76.4% of the swing target from Apr. 13th: The break opens topside risks to 1.0988-1.10 which includes the full extension from Apr. 13th and the trend across the highs since Mar. 18th...
US DOLLAR TECHNICAL ANALYSIS Prices transitioned into digestion mode after bouncing to retest a recently broken rising trend. A daily close above the 23.6% Fibonacci expansion at 12027 exposes the trend line support-turned-resistance at 12058...
The first key to scalping breakouts is to identify key levels of support and resistance. This can be done through a variety of methods mentioned in the 4th installment of the Definitive Guide to Forex Scalping. Once found, setting up a breakout trade is a straight forward process...
Michael Lewis: Crash Boys (BV) Zweig: Don’t Overpay for Technology Again (MoneyBeat) see also Turning the Nasdaq crash and recovery into a POV rollercoaster ride (WSJ) John Deere Wants to Destroy the Very Idea of Ownership (Wired) Facebook and the Feed (stratechery) see also Facebook changes its...
Mr Munger said that high-frequency trading was "the functional equivalent of letting a lot of rats into a granary...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/CHF, and USD/JPY. EUR/USD: has been volatile since early March and should respect the 1.0500-1.1000 range even though the Greek situation might change things quickly...
Reducing trading to it's most basic fundamental level What is happening? Why do prices fluctuate? Why should order flow play a critical role in your methodology? It's an auction. When buyers overwhelm sellers, the market goes up. When sellers overwhelm buyers, the market goes down...
Chinkou Span line of Ichimoku indicator is going to be crossed weekly price from below to above for good possible breakout of the price movement within the primary bearish nearest support level 0.7187 and nearest resistance level is 0...
15-year chart saying: Having accelerated to a low of 1.0463, going out of the lower end of the multi-year trend channel, EURUSD didn't remain there for very long and has since rebounded to a high of 1.1036...
Paul Rotter is something of a legend among scalp traders with a penchant for the German government bond market...
The Most Easy Job on this World is Forex Trading Even a kid can do trading forex, with just single click buy or sell on one click button on metatrader platform. But why most traders fails? Why there are so many traders got margin call? Trading forex is easy...
The goal of the webinar is to demystify neural networks, explain neural networks in plain English, and share easy to understand code examples how NN can be used. Artificial Intelligence: History and Background Neural Networks: The Basics Case Example Problems with Neural Networks...
The phenomenon of trading with volumes of 'super' in a matter of minutes and in a short period of time has a lot to prove that failure is a reality. By doing a lot of trading based elephants and uncontrolled, at a moment it can make you 'rich' in a matter of seconds...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: The wide 1.05-1.10 range will likely hold; play it accordingly. We prefer to be short overall but will remain flexible and keep it tight. USD/JPY: We prefer to short USDJPY...
The US Dollar is attempting to launch a recovery after finding support below the 0.95 figure against the Swiss Franc. Near-term resistance is at 0.9746, the 14.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 23.6% level at 0.9910...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, AUD/USD, and NZD/USD. EUR/USD: The range play will likely continue but we don't see many reasons to be long. Sell near 1.1000 with stops at 1.1055. AUD/USD: Buy current dips to 0.7650-60 with stops below 0...
