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Something Interesting in Financial Video December 2014
newdigital, 2014.12.17 08:56
Introduction to the Megaphone Pattern (Broadening Top)
A Megaphone Top is a relatively
rare formation and is also known as a Broadening Top. Its shape is
opposite to that of a Symmetrical Triangle. The pattern develops after a
strong advance in a stock price and can last several weeks or even a
A Megaphone Top is formed because the
stock makes a series of higher highs and lower lows. The Megaphone Top
usually consists of three ascending peaks and two descending troughs.
The signal that the pattern is complete occurs when prices fall below
the lower low.Volume in the Megaphone Top usually peaks along
with prices. It is usual to see trading volumes increase or remain high
during the formation of this pattern. The eventual breakout and reversal
can be difficult to identify at the time of its occurrence because
volume does not appear unusual.The target price provides an
important indication about the potential price move that this pattern
indicates. Consider whether the target price for this pattern is
sufficient to provide adequate returns after your costs (such as
commissions) have been taken into account. A good rule of thumb is that
the target price must indicate a potential return of greater than 5%
before a pattern should be considered useful, however you must consider
the current price and the volume of shares you intend to trade.
newdigital, 2014.12.22 10:16
Oil Crash of 2014: Why It's Happening and How to Trade
1. Oil crash coincided with the introduction of economic sanctions against Russia2. 80% of shale oil production in the US economically unviable at $60 per barrel3.
The impact of the crash in oil is impacting high yield credit markets
and the financial markets of major oil exporting countries, like Russia
and Nigeria4. Is this part of a political war to weaken Iran and Russia and their allies?5.
In terms of trading strategies one could speculate that this is a cold
war that will lead to hot war, that oil will rebound after bottoming (my
personal favorite), or that deflation is happening and that the US
dollar and US Treasury bonds will continue to benefit.
Trading Video: Short Term Euro and Yen Setups the Order for Next Week
newdigital, 2015.01.02 10:13
Trading Video: A Big Picture Technical Look at FX and Capital Markets for 2015 (based on dailyfx article)
Whether you are a short-term scalper or a more patient swing trader, taking a step back to look at the 'bigger picture' can help your trading. We have these past weeks looked at the bigger picture for fundamentals and general market conditions. So, to start off the New Year, we will look at the alluring big-picture technical patterns that have taken shape across the FX and capital markets. Incredible runs like that from USDollar, tentative massive breakouts from EURUSD and EURGBP, and the specter of reversal from the likes of USDJPY and EURJPY offer incredible potential for 2015. Combine the fundamental and market conditions views for the New Year with today's Trading Video technical overview to find your favorite setups.
Jim Rogers 2015 Forecast Buy Gold , Bull Market will come
newdigital, 2015.01.03 11:07
Gold forecast for the week of January 5, 2015, Technical Analysis (based on fxempire article)
Gold markets did
very little during the course of the week, essentially bouncing around
just below the $1200 handle. Because of this, it appears of the market
is ready to go sideways in the near term, although there is still a bit
more of a negative bias at the moment. If we managed to get above the
$1250 level, at that point time we would be comfortable with longer-term
buying opportunities. Ultimately though, we feel that this market
really doesn’t have a lot of momentum one way or the other, so therefore
we are on the sidelines as far as long-term trades are concerned.
newdigital, 2015.01.03 11:11
USD/JPY forecast for the week of January 5, 2015, Technical Analysis (based on fxempire article)
The USD/JPY pair
initially fell during the course of the week but found enough support
below the 120 level to turn things back around and form a nice-looking
hammer. The hammer of course is a positive sign, and as a result we feel
that this market will continue the uptrend that we have seen for some
time now. On top of that, the US Dollar Index of course went higher as
well, so it does suggest that overall the US dollar will continue to be
the favored currency in the Forex markets. With that, we are buyers of
dips in this particular currency pair.
Ultimately, we believe that the US dollar will continue to be bought
in favor of the Japanese yen, as the Bank of Japan continues to work
against the value of its own currency by stepping into the bond markets
and purchasing Japanese Government Bonds, essentially quantitative
easing such as the Federal Reserve has done.
Look at the shape of the candle, it suggests that the markets review
the 120 level as a bit of a “line in the sand”, but we believe that
there is even more support down at the 115 handle than they are, so
really at this point time this is a market that looks like it should
continue to have buyers step into it again and again.
Keep in mind that the Federal Reserve has stepped away from the bond
markets, essentially ending the quantitative easing game. With that, the
US dollar will continue to strengthen overall, and with the Bank of
Japan doing the exact opposite it makes quite a bit of sense that this
market would continue to go higher given enough time and as a result
every time it dips I will that the buyers will step in as it makes sense
to think of the US dollar as being “on sale” against the Japanese yen
every time we fall. In fact, at this point in time we have no scenario
in which we are willing to sell this market.
newdigital, 2015.01.03 11:14
USD/CAD forecast for the week of January 5, 2015, Technical Analysis (based on fxempire article)
The USD/CAD pair
fell initially during the week, but then shot higher in order to break
out. We closed towards the top of the range, and it now appears that we
are heading to the 1.18 handle in very short order. Pullbacks at this
point time offer buying opportunities just as they always have, as the
US dollar is without a doubt the favored currency around the world. We
believe that there is essentially a “floor” in this market at the 1.12
level. We have no interest in selling at the moment.
newdigital, 2015.01.03 11:17
NZD/USD forecast for the week of January 5, 2015, Technical Analysis (based on fxempire article)
The NZD/USD pair
initially tried to rally during the course of the week, but you can see
that the area above the 0.78 level offered way too much in the way of
resistance. With that, it appears of the market is ready to go lower, so
we are sellers overall. However, we would have to break down below the
0.76 handle in order to find enough downward pressure in order to drop
to the 0.75 handle, and then of course the 0.70 handle as the Royal Bank
of New Zealand continues to jawbone the value of the Kiwi dollar down.
newdigital, 2015.01.03 11:20