BlondieNews
BlondieNews
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...
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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...
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BlondieNews
Forex Fundamentals - Weekly Outlook: 2014, August 17 - August 24
18 August 2014, 09:11
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...
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BlondieNews
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...
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BlondieNews
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...
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BlondieNews
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...
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BlondieNews
MetaQuotes
Test Period for Paid Signals Canceled!
For providers' convenience we have decided to cancel the mandatory test period for paid signals. This means that you can start selling your trading signals right now.
Previously, providers had to endure one month of public monitoring. Within that period, their signals had to perform at least 5 trades with the drawdown not exceeding 70% of the initial value. Now, all the barriers have been removed and paid signal is available for subscription at once with no test period and other provisions.
For providers' convenience we have decided to cancel the mandatory test period for paid signals. This means that you can start selling your trading signals right now.
Previously, providers had to endure one month of public monitoring. Within that period, their signals had to perform at least 5 trades with the drawdown not exceeding 70% of the initial value. Now, all the barriers have been removed and paid signal is available for subscription at once with no test period and other provisions.
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BlondieNews
“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...
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BlondieNews
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...
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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...
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BlondieNews
The Evening Star candlestick pattern is a powerful bearish candlestick reversal pattern. Large Bullish Candle (Day 1) Small Bullish or Bearish Candle (Day 2) Large Bearish Candle (Day 3) Evening Star Candlestick Chart Example...
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BlondieNews
Relative Strength Index (RSI) measures the strength of all upward movement against the strength of all downward movement in a specified time frame. For mathematical formula of RSI is as follow: RSI = 100 - [100/(1+RS)] RS = average of n day's up closes / average of n day's down closes 1...
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There are two major approaches to analyzing the currency market: fundamental analysis technical analysis. The fundamental analysis focuses on the underlying causes of price movements, such as the economic, social, and political forces that drive supply and demand...
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BlondieNews
Fundamental Forecast for Gold: Neutral Gold the Commodity or Gold the Currency? Weekly Price & Time: Critical Test Coming Up For Gold Gold prices are lower for a third consecutive week with the precious metal off by 0.90% to trade at $1295 ahead of the New York close on Friday...
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BlondieNews
The Bollinger Bands are self adjusting which means the bands widen and narrow depending on volatility. Standard Deviation is the statistical measure of the volatility used to calculate the widening or narrowing of the bands...
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