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Something Interesting in Financial Video January 2014
Sergey Golubev, 2014.01.16 10:12
The Hidden Secret of Technical Analysis
Discover a whole 'other world' of technical analysis, where novice traders fear to go.
Market Condition Evaluation based on standard indicators in Metatrader 5
Sergey Golubev, 2013.06.06 15:54
This is one of setup to be used with technical analysis - this post. But I uploaded on this thread Stochastic the other setup which we can use in technical analysis too (to create the threads and to make simple analysis of the market condition). This second one is related to Stochastic and it is here with one exception: period for slow MA should be 200 instead of 100 for example.
Sergey Golubev, 2013.06.06 15:06
This is very simple setup related to technical analysis:
This kind of setup is used for technical analysis. But why the traders are not trading their technical analysis setups? we watched tv ... we are reading some threads about support resistance levels and so on. Why they are not connecting their setups/EAs to the Signals? because this Stochastic condition (overbought/oversold) are not coming on the same bar with the main signals to open buy/sell trade. Let me explain more.
Hang Seng Index
The Hang Seng Index is a freefloat-adjusted market
capitalization-weighted stock market index in Hong Kong. It is used to
record and monitor daily changes of the largest companies of the Hong
Kong stock market and is the main indicator of the overall market
performance in Hong Kong. These 50 constituent companies represent about
58% of the capitalisation of the Hong Kong Stock Exchange.
started on November 24, 1969, and is currently compiled and maintained
by Hang Seng Indexes Company Limited, which is a wholly owned subsidiary
of Hang Seng Bank, one of the largest banks registered and listed in
Hong Kong in terms of market capitalisation. It is responsible for
compiling, publishing and managing the Hang Seng Index and a range of
other stock indexes, such as Hang Seng China Enterprises Index, Hang
Seng China AH Index Series, Hang Seng China H-Financials Index, Hang
Seng Composite Index Series, Hang Seng China A Industry Top Index, Hang
Seng Corporate Sustainability Index Series and Hang Seng Total Return
Index Series. Hang Seng in turn, despite being a public company, is held
in majority by British financial firm HSBC.
What is The Hang Seng Index?
The Hang Seng is the most widely quoted barometer for the Hong Kong
economy. Because of Hong Kong's status as a special administrative
region of China, there are close ties between the two economies and many
Chinese companies listed on the Hong Kong Exchange. The Hang Seng
Index is maintained by a subsidiary of Hang Seng Bank, and has been
published since 1969. The index aims to capture the leadership of the
Hong Kong exchange, and covers approximately 65% of its total market
capitalization. The Hang Seng members are also classified into one of
four sub-indexes based on the main lines of business including commerce
and industry, finance, utilities and properties.
Economic Calendar Of The Week - May 2-6, 2016
With a new month there is hopes for better economic results. Last week
central banks and earning were the main focus. All three banks, the US
Fed, the Bank of Japan and the Bank of New Zealand all held rates and
policy. Facebook and Amazon surprised the markets to the upside as a
dismal earning season winds down this week.
Economic data sees PMI
numbers from the UK, plus Chinese PMI figures and US non-farm payrolls
at the end of the week. Markets were rocked by the Bank of Japan’s
decision to hold fire at its most recent meeting, and with Japanese data
relatively thin on the ground we may see a recovery in the Nikkei.
Elsewhere, the focus will be on crude oil, which has made new 2016 highs
Purchasing managers´ indices for the manufacturing and
services sector scheduled for release on Tuesday and Thursday will
provide further real-time readings on the current state of affairs in
the British economy. Nevertheless, and as the Monetary Policy Committee
pointed out at its last meeting, the uncertainty relating to the 23 June
referendum can be expected to continue clouding the data.
Acting as a
backdrop, and as occurs on the first week of each month, the most
important release by far will be Friday´s US non-farm payrolls number
for April, especially given the steady stream of warnings from central
bank officials stateside regarding the possibility the debt markets
might be too complacent when it comes to pricing-in further rate hikes
Starting off the week ECB President Mario Draghi will
speak in Frankfurt. He may refer to the recent criticism from Germany
that the ECB’s low rates were squeezing savers. Draghi defended this
policy of printing money and keeping borrowing costs at rock bottom
saying this strategy proves to be affective. Draghi also called on euro
zone governments to help get the region’s sluggish economy on a more
solid footing through economic reforms. Market volatility is expected.
Asian session will be busy with Australian rate decision. The Reserve
Bank of Australia maintained the official cash rate at a record low 2%
for a 10th straight meeting. RBA governor Glenn Stevens stated that low
inflation may prompt another rate cut to boost economic activity.
we will have New Zealand’s jobs data. The labor market recovered in the
last quarter of 2015 as unemployment plunged to a six-year low of 5.3%
from 6% in the third quarter. However, the sharp decline in unemployment
was also facilitated by a 0.2% fall in labor market participation. New
Zealand work force increased by 0.9% to 2.369 million during the
quarter. Analysts expected unemployment to rise to 6.1% and job growth
to rise 0.8%.
Wednesday bring up leading indicating data from ADP.
U.S. private sector added 200,000 jobs in March, beating forecasts of
195,000. Private payroll figures in February were revised down to
205,000 from an originally reported 214,000 increase. The ADP reports
comes ahead of the major employment release from the U.S. Labor
Department, which includes both public and private-sector employment. US
private sector is expected to add 205,000 new jobs in April.
global focus will shift to the US Nonfarm payroll report due Friday
morning. US monthly employment release showed solid expansion in March
with a rise in wages, indicating the economy remains resilient signaling
the Fed to proceed with its gradual rate raise plan. Nonfarm payrolls
increased 215,000 in March following a 242,000 addition in the previous
month. The Fed has downgraded its economic outlook amid cheap oil prices
and the strong dollar, saying it is appropriate for policymakers to
“proceed cautiously in adjusting policy.” However, the positive figures
in March show a positive trend in the US economy. US monthly Job growth
is expected to reach 206,000 as the unemployment rate should remain at
What Are Negative Interest Rates?
A negative interest rate means the central bank and perhaps private
banks will charge negative interest: instead of receiving money on
deposits, depositors must pay regularly to keep their money with the
bank. This is intended to incentivize banks to lend money more freely
and businesses and individuals to invest, lend, and spend money rather
than pay a fee to keep it safe.
Think about what interest is. The
lender gets paid interest for allowing someone else to use their money.
But when the rate goes below zero the relationship is turned on its
head. The lender is now paying the borrower. Why would anyone do that?
course, this situation only applies to a limited number of financial
relationships. No-one will pay you to spend on your credit card. But
this unusual state of affairs does exist.
These negative rates are
the policy decisions taken by a handful of central banks. But the
phenomenon has also affected the bond market, where investors buy and
sell the bonds or debts of governments and large companies.
of borrowing is set when the bonds are issued. It depends on how much
the financial firms who buy the bonds pay for them - what they are
buying is a promise to make a series of payments in the future. If the
price is high enough, the borrowing cost, in effect the interest rate,
can be zero or even negative.
Something Interesting in Financial Video November 2014
Sergey Golubev, 2014.11.27 10:23
Suri Duddella, Webinar: The Success and Failure of Chart PatternsSuri Duddella, 19+ years full-time Futures/Equities/Options Trader.
Patterns based Algorithmic Trading. Author -- "Trade Chart Patterns
Like The Pros" book.
A chart pattern is a distinct formation on a stock chart that
creates a trading signal, or a sign of future price movements. Chartists
use these patterns to identify current trends and trend reversals and
to trigger buy and sell signals. Identifying chart
patterns is simply a system for predicting stock
market trends and turns! Well, a trend is merely an indicator
of an imbalance in the supply and demand. These
changes can usually be seen by market action through
changes in price. These price changes often form
meaningful chart patterns that can act as signals
in trying to determine possible future trend developments.
Research has proven that some patterns have high
forecasting probabilities. These patterns include:
The Cup & Handle, Flat Base, Ascending and
Descending Triangles, Parabolic Curves, Symmetrical
Triangles, Wedges, Flags and Pennants, Channels and
the Head and Shoulders Patterns.
What is a Japanese Candlestick in Forex Trading
Candlestick charts are the most common chart types used by retail
traders and investors. There are other types of charts such as line
charts, bar charts etc., but they don't tell the story of past price
action like candlesticks do. When trading is based on technical
analysis, the decisions for future price action are made based on how
the price has reacted in the past. I find candlesticks to be very useful
and they are one of my favorite indicators. They work almost perfectly
in volatile times, but even in less volatile times they work pretty well
if used in combination with one or two other indicators.
Candlesticks are the price movement/action for a certain period of time,
from as little as 1 minute to a week or a month. The body of the
candlestick is the price difference between the opening and the closing
time. The two lines on each side, which are called shadows or wicks,
display the highest and the lowest point of the price for that period of
time. The green candlestick in the picture below is a bullish
candlestick in which the closing point is higher than the opening and
the red one is a bearish candlestick, indicating that the price at
closing was lower than at opening. The colors of the body is irrelevant,
you can set them to your preference.
Traders carry out technical
analysis to build ideas and strategies for possible future trades.
Candlestick formations are a very useful tool for indicating
possibilities for entries and exits. I use candlesticks as one of my two
or three indicators on most of the trades that I make. Their shapes
show you what's going on with the price very clearly. Let's see some of
the most popular and easy to trade candlesticks and how they can be
Libraries: MQL5 Wizard - Candlestick Patterns Class
Sergey Golubev, 2013.09.14 19:53
The Evening Star Pattern is a bearish reversal pattern, usually occuring at the
top of an uptrend. The pattern consists of three candlesticks:
The first part of an Evening Star reversal pattern is a large bullish green
candle. On the first day, bulls are definitely in charge, usually new highs were
The second day begins with a bullish gap up. It is
clear from the opening of Day 2 that bulls are in control. However, bulls do not
push prices much higher. The candlestick on Day 2 is quite small and can be
bullish, bearish, or neutral.
Generally speaking, a bearish candle on Day 2 is a stronger sign of an
impending reversal. But it is Day 3 that is the most significant
Day 3 begins with a gap down, (a bearish signal) and
bears are able to press prices even further downward, often eliminating the
gains seen on Day 1.
The chart below of Exxon-Mobil (XOM) stock shows an example a Evening Star
bearish reversal pattern that occured at the end of an uptrend:
Day 1 of the Evening Star pattern for Exxon-Mobil (XOM) stock above was a strong
bullish candle, in fact it was so strong that the close was the same as the high
(very bullish sign). Day 2 continued Day 1's bullish sentiment by gapping up.
However, Day 2 was a Doji, which is a candlestick
signifying indecision. Bulls were unable to continue the large rally of the
previous day; they were only able to close slightly higher than the open.
Day 3 began with a bearish gap down. In fact, bears took hold of Exxon-Mobil
stock the entire day, the open was the same as the high and the close was the
same as the low (a sign of very bearish sentiment). Also, Day 3 powerfully broke
below the upward trendline that had served as support for XOM for the past week. Both the
trendline break and the classic Evening Star pattern gave traders a signal to
sell short Exxon-Mobil stock.
Something Interesting in Financial Video December 2013
Sergey Golubev, 2013.12.06 07:08
Candlestick Charting - Vol 15 - Evening Star
Sergey Golubev, 2013.12.03 13:52
Candlestick Charting - Vol 14 - Bullish Engulfing Pattern
Sergey Golubev, 2013.09.11 16:10
Bullish Engulfing Pattern
The Bullish Engulfing Candlestick Pattern is a bullish reversal pattern, usually
occuring at the bottom of a downtrend. The pattern consists of two Candlesticks:
The bearish candle real body of Day 1 is usually contained within the real
body of the bullish candle of Day 2.
On Day 2, the market gaps down; however, the bears do not get very far before
bulls take over and push prices higher, filling in the gap down from the
morning's open and pushing prices past the previous day's open.
The power of the Bullish Engulfing Pattern comes from the incredible change
of sentiment from a bearish gap down in the morning, to a large bullish real
body candle that closes at the highs of the day. Bears have overstayed their
welcome and bulls have taken control of the market.
The chart below of the S&P 500 Depository Receipts Exchange Traded Fund
(SPY) shows an example of a Bullish Engulfing Pattern occuring at the end of a
There are three main times to buy using the Bullish Engulfing Pattern; the
buy signals that are presented below are ordered from the most aggressive to
An example of what usually occurs intra-day during a Bullish Engulfing
Pattern is presented next.
The following 15-minute chart of the S&P 500 exchange traded fund (SPY) is
of the 2-day period comprising the Bullish Engulfing Pattern example on the