The Double Top Reversal is a bearish reversal pattern typically found on bar charts, line charts and candlestick charts. As its name implies, the pattern is made up of two consecutive peaks that are roughly equal, with a moderate trough in-between...
Suri Duddella, 19+ years full-time Futures/Equities/Options Trader. Patterns based Algorithmic Trading. Author -- "Trade Chart Patterns Like The Pros" book...
AUD/USD’s small rebound has produced a Dragonfly Doji on the daily which is threatening to evolve into a bullish Morning Star formation. The close of the current candle above 0.8450 and an ensuing up-session would be required to confirm the pattern and open the prospect of further gains...
As the double top and double bottom are signs that a financial instrument has failed to break through a certain level (resistance for a double top and support for a double bottom) these chart patterns are considered reversal patterns...
A Head and Shoulders pattern is defined by one peak, followed by a higher peak, which is then followed by a lower peak, and finally a break below the support level established by the two troughs formed by the pattern...
WEEKLY DIGEST 2014, November 09 - 16 for Quantitative Analysis, Trading and Development - mql5 blog post Quantitative Trading involves the use of computer algorithms and programs based on simple or complex mathematical models to identify and capitalize on available trading opportunities...
WEEKLY DIGEST 2014, November 09 - 16 for High Frequency Trading Review. mql5 blog post Why Tony Robbins Is Asking The Wrong Questions. zerohedge article Flash Boys beware: SEC chills high-frequency trading. Book review...
GBPUSD : U.K Economy Robust on U.k consumer spendings rose last month GBPUSD will maintain Uptrend with likely supports@1.5760 Resistances @ TP1= 1.5798 TP2=1.5835...
Forex Scalping Tips What is Scalping??? Scalping is a strategy of the forex business that we can trade with short time by the scalping . Scalping is very good for the successful trade they can earn money more from the forex market within short time...
EURUSD Hourly chart Price clearly Moving in Uptrend channel with likely Supports@1.2445 Reistance@1.2525 Ranging breakout zone Upside/Downside @1.2485-1.2525...
US DOLLAR TECHNICAL ANALYSIS Prices edged higher for a fourth consecutive day, with buyers seemingly on pace to set a new year-to-date high. Near-term resistance is at 11374, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 11422...
Flash Boys are getting put into the slow lane. The Securities and Exchange Commission adopted new rules to keep exchanges and so-called “dark pools” safer by requiring more safeguards...
The New Zealand Dollar may have resumed the down trend against its US namesake after prices violated the series of higher highs and higher lows set from early November. A daily close below the 14.6% Fibonacci expansion at 0.7802 exposes the 0.7682-96 area marked by the July 2013 bottom and the 23...
Strategy: Short, Stop: 1.5770 (Close), Target: 1.5450 Doji Suggests Bulls Reluctant To Return Short Body Candles Indicate Indecision GBP/USD has posted a Doji on the daily, which does little to inspire confidence in the reversal signal offered by a Morning Star pattern...
EURUSD sufferd from deinflation ECB Considered to buy sovient debt bonds thrown EURUSD into downtrend ,with short levels EURUSD short levels @ R1=1.2515 R2=1.2445...
GBPUSD formed Double Bottom in H4 chart.....possible tripple Bottom Breakout Level @1.5715 1st target 1.5815 2nd target 1.5915...
WEEKLY DIGEST 2014, November 02 - 09 for High Frequency Trading Review. mql5 blog post. High-Frequency Traders Turn to the Online Ad Market. $9.3b value of online display ads sold via auctions this year. Eric Sprott: Global Gold Demand Is Overwhelming Supply...
Quants: What They Do and How They've Evolved. Quantitative Trading involves the use of computer algorithms and programs based on simple or complex mathematical models to identify and capitalize on available trading opportunities...
USDCHF Technical Strategy: Long at 0.9452 Support: 0.9541, 0.9441, 0.9359 Resistance: 0.9658, 0.9741, 0.9815 The US Dollar declined against the Swiss Franc as expected after prices put in a bearish Dark Cloud Cover candlestick pattern. A daily close below 0...