“The miserable trading conditions in USDJPY are probably explained by its long term Elliott wave position. That is, the rate has been mired in a corrective 4th wave all year. The good news is that wave 4 probably ends soon. Keep focused on the Elliott channel...
“Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. 1.3750 is an important reference point (year open).” The break of 1.3476 completed a topping process with targets of 1.3294 (origin of diagonal), 1.3209 (2 equal legs), and 1.3012 (head and shoulders target...
High Probability Trading : Take The Steps To Become A Successful Trader Before he became a successful trader, Marcel Link spent years wading from one system to the next, using trial and error to figure out what worked, what didn't, and why...
The Double-Top and Double-Bottom formation show multiple tests of support (or resistance) at a particular price level. Traders can look to trade subsequent tests of these price levels...
Here are top 8 current list of candidates: Baxter International (NYSE:BAX) Berkshire Hathaway (NYSE:BRK.B) BlackRock Incorporated (NYSE:BLK) Coca-Cola (NYSE:KO...
EURGBP Technical Strategy: Flat Support: 0.7973, 0.7954, 0.7935 Resistance:0.8007, 0.8031, 0.8050 The Euro began edging higher against the British Pound as expected after prices produced in a bullish Morning Star candlestick pattern. A pullback now sees prices testing support at 0...
The triangle formation can show in three varieties; we outline each below. Triangles signal congestion or consolidation as the range of price movement decreases. Traders can look to trade breakouts by treating triangles like other congestion patterns. The Triangle...
Our near-term trend bias is positive on the metal while over 1280 A move through 1321 is needed to confirm that a more meaningful move higher is in fact underway A cycle turn window of importance is seen around the start of next month A daily close under 1280 will turn us negative on Gold XAU/USD...
Breakout traders should first find support & resistance Entries can be set as close as 1 pip above these values Support and resistance can also be used for managing a position Scalpers have a variety of choices when it comes to an execution strategy...
Trading Technologies International, Inc. (TT) and the Singapore Management University announced that TT’s X_TRADER® software is now being used in the University’s Master of Science in quantitative finance program within the market microstructure course curriculum...
1. THE THEORY Some call it head and shoulders pattern and others call it king's crown. Whatever the name may be this candlestick pattern is a very significant bearish reversal pattern. In the figure below, consider an uptrend represented by a solid line that passes through points 1, 3, 5...
This Is the Troubling Future of High-Frequency Trading - The Financial Times reported yesterday that high-frequency traders are leaving investment banks for hedge funds, prop trading houses, and their own startups...
The Financial Times reported yesterday that high-frequency traders are leaving investment banks for hedge funds, prop trading houses, and their own startups. Oh, you didn't realize that regular, Too Big to Fail investment banks had high-frequency trading desks? Surprise, surprise, surprise...
One of the basic foundation of technical analysis is that prices move in trends. The corollary to this premise states a trend in motion is more likely to continue until it reverses. So as long as the trend is intact, trendlines could be used as a buying and selling areas...
Flats (3-3-5) A flat correction differs from a zigzag in that the subwave sequence is 3-3-5, as shown in Figures 1-29 and 1-30...
Once you have mastered the prior statistical and time-series based texts you will be ready to try your hand at the modern research literature. Depending upon your affiliation, you may or may not be able to access some of the top financial and econometric journals...
The miserable trading conditions in USDJPY are probably explained by its long term Elliott wave position. That is, the rate has been mired in a corrective 4th wave all year. The good news is that wave 4 probably ends soon. Keep focused on the Elliott channel...
NZDUSD Technical Strategy: Sidelines Preferred Hammer May Fail To Sustain Upside Momentum Selling Pressure Looms Overhead At 0.8530 NZDUSD is back above the 0.8460 mark may fail to find follow-through with a Hammer formation lacking confirmation at this stage...
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