Something Interesting in Financial Video - page 12
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R tutorials - introduction to R Studio
In this video you will learn how to get along with R Studio.
R Studio is a very useful interface. It will make your life much easier.
Biostatistics in R - introduction to meta analysis in R
In this video you will learn how you can perform a meta analysis by using the library meta in R.
Writing Scripts in R
Learn how to work with scripts in R and how to submit commands/functions to R console from the RStudio's Source (Script) Editor. You will also learn very handy keyboard short-cuts, and the use of the tab key.
How to Install Packages in R
Here we will learn to use the "install.packages" command/function in R programming language or menu options in RStudio. This video is a tutorial for programming in R Statistical Software for beginners.
Export Data from R (csv , txt and other formats)
How to export data out of R and save in various formats such as csv, tab-delimited, space-delimited.
Why Virtual Hosting On The MetaTrader 4 And MetaTrader 5 Is Better Than Usual VPS
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How to Rent A Virtual Platform in MetaTrader 4/5?
Detailed how-to description that will help to rent a virtual hosting directly from a MetaTrader trading platform. Its simple: choose nearest server and payment plan in order to let your robots and signals work for 24 hours a day.
The Pivot Point Reversal - Part 9 of a video series discussing short term price bar reversals such as the bearish rejection, the bullish rejection, the open close reversal, the closing price reversal, the hook reversal, the key reversal, the island reversal and the pivot point reversal.
Forum on trading, automated trading systems and testing trading strategies
Something Interesting in Financial Video October 2013
Sergey Golubev, 2013.10.10 14:44
147. An Introduction to ECNsThis video provides an introduction to electronic communications networks (ECNs), systems that allow buyers and sellers of stocks to trade directly without an intermediary.
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Most forex traders participate in the forex market with forex brokers. There are mainly two types of forex brokers: market makers and electronic communications networks (ECNs). In this article we want to introduce the latter type of brokers, the ecn forex broker.
What is an ECN forex broker?
ECN forex broker is a financial expert that provides the clients with direct access to other forex participants in the currency market by using electronic communications networks (ECNs). Unlike market makers, which always trade against their clients to make profit, an ECN forex broker only creates opportunities of trading between forex traders.
How does an ECN forex broker work?
The ECN forex brokers provide a medium by passing on the prices for different market participants such as banks, market makers and other traders in the market. Then the best bid/ask quotes will be displayed on the trading platforms based on these prices. ECN forex brokers also serve as counterparties to forex transactions, but it is a settlement that they operate on instead of pricing basis. While fixed spreads are offered by some market makers, spreads of currency pairs can be very different, determined by the trading activities of the currency pair. In active trading periods, sometimes you cannot get ECN spread at all, especially in those very liquid currency pairs such as the majors (EUR/USD, GBP/USD, USD/JPY, USD/CHF) and some currency crosses.
Pros and cons of the ECN forex broker
The ECN forex broker has both advantages and disadvantages. The pros and cons of the ECN forex broker are as follows.
The pros of the ECN forex broker can be presented in following aspects.
Traders can usually get better bid/ask prices for they are derived from multiple sources.
At certain time traders may trade on prices with no spread or with only very little spread.
Genuine ECN forex broker will pass on the orders to a bank or other trading participants on the opposite side of the transaction instead of trading against the traders.
It is very likely that the prices on the ECN forex broker are more volatile.
Traders can take on the role of market traders to other traders on the ECNs since they can offer a price between bid and ask.
The cons of the ECN forex broker can be presented in following aspects.
Many ECN forex brokers do not provide integrated charting or new feeds.
Some trading platforms are not so easy for traders to use or operate.
Since there are variable spreads between the bid and the ask prices, it may be difficult to calculate stop-loss and breakeven points in pips in advance.
Forex traders are obligated to pay commissions for each transaction.
It is obvious that there are both pros and cons of an ECN forex broker. Traders have to take many factors into consideration when choosing a forex broker.
Video Tutorial on How To Trade Descending Triangle Chart Patterns
Forum
Indicators: Levels
newdigital, 2013.11.13 07:42
How to Trade a Descending Triangle
Talking Points
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What is a Descending Triangle pattern?
A descending triangle pattern is consolidation price pattern composed of lower swing highs pushed lower by an established downtrend line converging with a horizontal support made up of a series of swing lows located in roughly the same area. Another name for the descending triangle is the right triangle pattern due to its similarity to the geometric shape of the same name. The height of the triangle meets the horizontal support at a 90 degree angle.
Usually, descending triangles form as profit taking by sellers is met with bargain hunting buyers. However, the buying pressure is mutted as higher lows are not made. A news release or economic announcement could be the catalyst required to push price out of this coil tilting the balance strongly in the seller's favor. Unlike its cousins, the symmetrical triangle and ascending triangle, the descending lacks significant bullish participation indicated by that lack of higher lows.
Taking a look at the current AUDJPY 4-hour chart, you can clearly see price action bound between a descending trend line that connects the 11/6 swing high of 94.15 to 11/12 swing high of 93.05. This swing high is a lower swing high than the 11/10 93.19 swing high showing the building strength in the downtrend. Current price action within the triangle is below the 200 simple moving average (SMA), a key indicator that traders use to determine bullishness or bearishness.
Traders will watch price action for a 4-hour candle close below support to confirm that there is follow through in a potential breakout. Stops can be placed near the middle of the triangle just above the 93.00 and 200 SMA. The height of the triangle is a little over 170 pips. By extending this height from the support level of a potential breakout zone, look for a possible target of 91.14. The profit target coincides with the lows seen back on October 2nd.
In summary, descending triangles can be an excellent way to rejoin a downtrend that clearly illustrates risk and reward. Price has a tendency to break form the descending triangle in a downward direction.
How to Trade the Ascending and Descending Triangle Chart Patterns
Triangle Trading Pattern. This is a bullish chart pattern that may form when a share holder begins selling off a large block of shares at a fixed price to the market. The pattern shows the case of strong overhead supply being met by rising demand for the stock. If the demand persists, the supply will eventually be absorbed leaving the price free to move in the upward direction. Ascending Triangles are easily recognized and when interpreted correctly, tend to be reliable patterns to trade. Both the ascending and descending triangles, while looking very similar to the symmetrical triangle, are much more specific in their implications for the trend. The symmetrical triangle is neutral, and that cannot be said of the ascending or descending triangles. Utilising this triangle trading strategy when a trending market is retracing can lead to highly profitable results.