GBPUSD’s bounce extends to 1.4885

Source: feedproxy.google.com

GBPUSD’s bounce from 1.4230 extends further to as high as 1.4885. Now the pair is facing the upper boundary of the rising price channel....


Read more...

  • Graphical analysis of trading system's simulated track record. Step Two algorithm, USD/CHF.

    This USD/CHF back-testing analysis continues the series which began with EUR/USD. Simulated track records of six best Step Two algorithmic traders are studied graphically. For a more numbers-oriented approach to performance, see the article explaining the trading system optimization process which...

  • USD/CHF Daily Outlook

    Daily Pivots: (S1) 1.0230; (P) 1.0285; (R1) 1.0328; USD/CHF’s recovery from 1.0185 extended further today but is still limtied below 1.0388 resistance. Intraday outlook remains neutral for the moment. Break of 1.0388 will indicate that a short term bottom is at least formed and stronger rise...

  • Optimizing the forex trading system for USD/CAD: the optimal "trader patience" pans out

    I am revisiting the case of USD/CAD on the day scale after a few important changes to the trading system optimization technique have been introduced. The entry threshold parameter, the one that controls the "patience" of a trading system or the amount of "excitement" about a trade idea needed to...

  • Funny

    I have to admit, I’m getting a good laugh today regarding the upswing in the stock market and risk currencies. This is such a set up for the big guys to come in and push through the small stops and claim their prize. PAY ATTENTION TO FALSE TRENDS...

  • First look at Step Two: single-market pattern recognition, multi-market money management require a separate optimization effort.

    This is the first report on the multi-market trading system performance in the "isolated" mode. The "isolation" means that each market is being predicted independently of the rest, with no attempt to discover and learn inter-market patterns such as those we observed and reported. The...