Doji is an important candlestick pattern. Doji is formed when the open price and the close price are almost equal for a candlestick. It forms frequently on the lower timeframes and is less reliable. However when it forms on a higher timeframe like Daily and Weekly, it is a strong signal...
Boolean logic gives crisp answer for each question. Either it is a TRUE or FALSE. In real life we know nothing is black and white rather we are dealing with shades of grey. The same applies to trading. All technical indicators are grey and vague. You have no clear cut answer...
Big banks are daily trading currencies for speculations and profit making just like us. However there is a difference between the bank trader and a retail trader. Bank trader trade the market in a much different as compared to us retail traders...
Three Line Break Charts are a modified form of candlestick charts. Three Line Break Charts were also developed by Japanese in an attempt to reduce noise and get a better picture. Watch the videos posted on my blog that explain how to use these charts...
EURUSD Our daily trade moved 930 points to reach our 2nd anticipated zone, before downside pressure kicked in. We are still anticipating downwards momentum for our weekly sell. We would like to see a break of the support zone (red line on weekly chart) before downward momentum takes over...
Hey traders :) I had some work related to my job to finish last week, so I was unable to code anything :) So this will be only my trading results. Read more here...
Principal Component Analysis is an important technique in statistical machine learning. Principal Component Analysis (PCA) transforms the original data into an orthogonal data set with each feature known as a component...
96.8% That Gold will Close This Week with a Weekly Bullish Candle! . On weekly graph it seem that Gold main trend is bullish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that Gold will reverse soon to its main trend...
99.2% That CHFJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that CHFJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that CHFJPY will reverse soon to its main trend...
96.8% That CADJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that CADJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that CADJPY will reverse soon to its main trend...
96.8% That USJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that USDJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that USDJPY will reverse soon to its main trend...
96.8% That USDCHF will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that USDCHF main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that USDCHF will reverse soon to its main trend...
Candlestick patterns are important signals but they are vague and imprecise. You will need experience when trying to figure out which candlestick patterns is significant and which one is not. A bullish engulfing pattern appears, you happily open a buy trade...
99.2% That EURJPY will Close This Week with a Weekly Bearish Candle! . On weekly graph it seem that EURJPY main trend is bearish. The last weekly candle arrangement show a straight movement against the main trend, which increase the probability that EURJPY will reverse soon to its main trend...
99.2% Probability That AUDJPY will Close on a Bearish Weekly Candle this Week! . On weekly graph it seem that AUDJPY main trend is bearish...
99.6% Probability That GBPJPY will Close on a Bearish Weekly Candle this Week! . On weekly graph it seem that GBPJPY main trend is bearish...
Weekly candle take five days to form and closes on Friday. It holds a lot of information about the coming week. If the weekly candle is bullish you should assume the next weekly candle to be bullish also. Daily candle forms daily...
prejudice has everyone, today I have wrought on what better performace can have a mql signal circulating. I saw you noticed that there are a slew of mql signals, but they are all performing safe and good...
USD/CHF is a mirror of EURUSD most of the time. If EURUSD moves up, you will find USD/CHF moving down. Why? Both are negatively correlated. Reason is simple. Investors run towards CHF when there is political uncertainty. When CHF appreciates, this forces USD/CHF pair to go down...
