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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...
The IBEX fell during the course of the week, but found the €10,900 level to be supportive enough to keep the market somewhat afloat. Because of this, we feel that the buyers will stepping sooner or later, but also recognize that the €10,700 level is much more supportive...
The Italian index looked a bit soft during the course of the week, closing towards the very bottom of the range. This suggests that the market could continue to fall from here, and that’s course reasonable considering that there is a massive gap below that has yet to be filled...
The gold markets had a slightly positive week over the last five sessions, but that being the case the market continues to look a bit ported. Nonetheless, we believe that this market should eventually go higher, and head to the $1400 level...
The Canadian dollar rose to almost six-month highs against the U.S. dollar on Friday, after a strong inflation report the previous Friday eased concerns over the subdued inflation outlook...
The pound remained supported above the 1.70 level against the dollar on Friday, trading within striking distance of six-year highs amid heightened expectations for a U.K. rate hike before the end of the year...
Neural Network Model The neural network is constituted by a large number of nerve element interconnect network. According to the interconnection of the neurons in thenetwork, the common network structure can be divided into the following three categories: 1...
