Gold Trading Analysis Reversal At 61.8% Fibonacci Retrace Gold (daily chart shown below) has printed the largest single day decline in over 4 weeks...
Gold Reversal At 61.8% Fibonacci Retrace Could See Correction
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Temporal (in)stability of trading system optimization curves
For the first time, I address the question of how stable the optimization results are in time. While predictabilities of daily high and low show a highly stable pattern of dependence on the parameter subject to optimization, the positive results for close are mainly due to the high impact of a...
Cable touch firmer early
Cable is a little firmer in early European trade, presently at 1.6345. General risk sentiment is in pretty good shape, while the USD is struggling as the realisation grows that we’re not likely to see an early US rate hike. Recent improved UK housing data and PM Brown’s political...
U.S. Markets Remain Down
Source: ForexYard Positive employment numbers helped the U.S. stock markets jump significantly during late Friday afternoon trading....
Predicting next low and high looks much easier than next close.
Just like logarithmic returns can be defined and analyzed for daily close, they can be defined for daily high and low. Japanese candlestick charting techniques, believed to have predictive power, study patterns formed by open, low, high and close as the time series progresses. In this report I...
Darling, Mandelson stay
The two posts that matter to the market , Chancellor and Business secretary, the post created for Peter Mandelson, are retained by their present holders in PM Brown’s new cabinet. Purchasing green bananas for the office canteen is not recommended for any of the Labour government. Cable trades...