BlondieNews / Blog
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...
Agricultural Bank of China Ltd. may raise as much as 40 billion yuan ($6.5 billion) from the sale of preferred shares this year as part of its plan to raise a total of 80 billion yuan...
US housing data, Inflation data in the UK, the US and Canada, FOMC Meeting Minutes, Philly Fed Manufacturing Index, Janet Yellen’s speech are a few of the major events on Forex calendar. Follow along as we explore the Forex market movers for this week...
The 2% money management (MM) rule likely started in stock trading and longer-term investing many years ago. It is based on the idea that you would be in multiple positions at any one time and that you’d only risk 2% of your net equity on any one of those positions...
GOLD is in consolidation mode below a key Gann confluence in the 1315/21 area Our near-term trend bias is higher in the metal while over 1280 A move through 1321 is needed to re-instill upside momentum in Gold A very minor turn window is seen today A move under 1280 would turn us negative on the...
Outstanding Performance Awards Winner #1: Short idea on KIOR (KiOR Inc.) by Edward Schneider, CFA, published October 7, 2011. Return to date: +99% Winner #2: Long idea on IMOS (ChipMOS Technologies) by Valuable Insights, published March 25, 2013...
“The combination of the .9400 figure and weekly RSI failing near 60 indicates a lot of overhead to punch through. Since the 2011 top, each RSI failure near 60 has led to a top or topping process (range for several weeks then a breakdown...that may be the case now).” The May low and 200 DMA at...
Key Terms And Concepts When it comes to forex trading, there are some basic terms and concepts that should be understood: Exchange rate: Exchange rate is simply the price of one currency in terms of another's. There are two components, the domestic currency and the foreign currency...
How to calculate leverage in trading account The concept of notional value How much leverage we can use Traders are drawn to the Forex for many reasons, including: being the largest market in the world, only having a few major currencies needing to be followed as opposed to 1000’s of companies, a...