This books delivers a clear and straight forward understanding of how to invest in the markets, including techniques, timing tools, and advice from great investors such as Warren Buffett and Peter Lynch.
How to Trade the Forex Doji Breakout (source - dailyfx.com) - part 2
Typical candlesticks consist of a body that may be one of two colors; blue or red. A candle is blue if buyers were able to push prices above the opening price and were able to hold it until the close of the candle. A candle is red or bearish is sellers were able to push prices below the opening price and hold it there until the close.
How to Trade the Forex Doji Breakout (source - dailyfx.com)
- A Doji is a small bodied Japanese candlestick pattern whose opening and closing are at the same or nearly the same price. - A Doji is usually part of common Japanese candlestick reversal patterns like the bullish Morning Star and bearish Evening star patterns - Because Dojis are found in a large number of reversal patterns, traders automatically think that the single doji is a reversal candlestick. But in fact, the doji by itself represents indecision in the marketplace. - A Doji breakout setup provides an excellent risk to reward opportunity for forex traders.
The lowly doji is very unassuming in appearance. Typically, it looks like a plus sign but can appear as a capital “T” in the Dragonfly doji pattern or the shape of a nail in the Gravestone Doji. We are going to be discussing the first two types of dojis found in the “cheat sheet” above. These small candles can lead to large breakouts that either continue trends or reverses them. We are going to look at the way to trade these power packed price patterns with limited risk for maximum potential gain
Gold Prices Expected To Rise on US Shutdown and Debt Ceiling Fears Gold prices are set for a rebound next week as the ongoing US government shutdown has boosted the precious metal's safe haven status,...
Hedge fund calls for Sotheby’s chief executive to ‘step down’
Sotheby’s says now is not the time to debate baseless comments
In his letter, Loeb says Bill Ruprecht's (above) “generous pay package” taht recalls “a long-gone era of imperial CEOs”
Daniel Loeb, the chief executive and founder of the hedge fund Third Point, has become the largest shareholder in Sotheby’s and made public a stinging letter calling for the resignation of the auction house’s chairman and chief executive, Bill Ruprecht. A core issue raised is Sotheby’s lack of an online sales strategy, particularly in relation to its rival Christie’s.
Loeb, who upped Third Point’s stake in Sotheby's from 5.7% to 9.3% today, describes the company as “like an Old Master painting in desperate need of restoration” in a letter submitted to the US Securities and Exchange Commission. He says that Sotheby’s recent announcements concerning a review of its business and the hire of a new chief financial officer were “belated” efforts and that Third Point's management remains “troubled” by Sotheby’s “chronically weak operating margins and deteriorating competitive position relative to Christie’s”.
Later in the letter, Loeb says that Sotheby’s decision to focus only on high-end clients and works, and “shun the lower value lots”, enabled Christie’s to capture market share “by leveraging new technologies”. This, says Loeb, is “just one of many examples where a lack of leadership by a sleepy Board and overpaid executive team has resulted in missed new opportunities”. He writes: “our research suggests Sotheby’s crisis of leadership has created dysfunctional divisions and a fractured culture. There is a demoralising recognition among employees that Sotheby’s is not at the cutting edge—demonstrated by the Company’s inability to even develop a coherent plan for an internet sales strategy, much less implement one.”
In morning trading, Sotheby's shares remained flat at $49.93.
The price is below Ichimoku cloud for trying to break few very strong resistance levels on the way (D1 timeframe). Chinkou Span line is crossing historical price on H4 timeframe on open bar, and price came to inside Ichimoku cloud which is indicating...
How to Trade Double Bottoms (source - dailyfx.com)
- Forex double bottom patterns usually occur after a downtrend and reflect seller exhaustion - Profit objectives and stops can be easily place on these pattern
The double bottom can be a fast moving pattern so traders will want to see price rally after a few bars. After entering long into the market, traders will place a protective stop a few pips below the lowest low of the pattern and a limit equal to twice the size of the stop.
- Forex double top price patterns usually occur after an uptrend and illustrate buyer exhaustion - Profit objectives and stops can be easily place on these pattern
Forex double tops are very popular among traders as they signify a successful test and price rejection from a recent new high. Found in an uptrend, the forex double top pattern consists of a run up in price to a new high and then followed by a pullback and then a retest of that previous new high. Usually, the following rally stops at or near the exact price of the previous high. In some cases, a slightly lower low is made as buyers run out of strength.