Sergey Golubev / Профиль

Trading the News: U.K. Consumer Price Index

Fundamental Analysis Vs. Technical Analysis in Forex

Traders analyze any financial market including the forex market in one of 3 ways:

1. Through Fundamental Analysis

2. Through Technical Analysis

3. Through a Combination of fundamental and technical analysis

While which method a trader chooses is ultimately up to them and their trading personality, it is my opinion that a trader who at least has an understanding of both technical and fundamental analysis is in a better overall position to trade profitably, than someone who focuses on only one school of thought.

read more here https://www.mql5.com/en/forum/13721/page3

MQL5.community Payment System https://www.mql5.com/en/articles/302

The following MQL5.community services imply commodity-money relations between the two parties.

Articles on the MQL5 programming language, most of which are written by members of the community and paid by MetaQuotes Software Corp.
Jobs created by traders and for MQL4/MQL5 developers.
Market, a store of applications written in MQL5 (and, in the near future, written in MQL4; stay tuned for the news).
Signals, a place to sell trade signals at a subscription fee with monitoring trade results by this strategy.
MQL5 Cloud Network for buying and selling unused computational power of Strategy Tester agents to organize distributed computing.

The sellers are: developers in the Jobs service; authors of Articles; and, sellers in the Market, Signals and MQL5 Cloud services. The buyers are: customers in the Jobs service; MetaQuotes Software Corp. in the Articles service; and, customers in the Market, Signals and MQL5 Cloud services.

5. Chikou Span Cross
The Chikou Span Cross signal occurs when the Chikou Span (Lagging line) rises above or falls below the price.
Note that the Chikou Span must be rising when it crosses to above the price for a bull signal and falling when it crosses to below for a bear signal; just crossing the price alone is not sufficient to trigger the signal.
As the Chikou Span is the closing price shifted into the past, the cross that triggers this signal will be 26 days behind the price and, hence, the actual date that the signal occurs. The strength of the signal is determined by the relationship of the price on the date of the signal (not the trigger) to the Kumo (Cloud).

5.1. A bullish signal occurs when the Chikou Span rises from below to above the price

weak bullish signal occurs if the current price is below the Kumo
neutral bullish signal occurs if the current price is inside the Kumo
strong bullish signal occurs if the current price is above the Kumo

5.2. A bearish signal occurs when the Chikou Span falls from above to below the price

weak bearish signal occurs if the current price is above the Kumo
neutral bearish signal occurs if the current price is inside the Kumo
strong bearish signal occurs if the current price is below the Kumo

4. Senkou Span Cross
The Senkou Span Cross signal occurs when the Senkou Span A (1st leading line) crosses the Senkou Span B (2nd leading line).
As the Senkou Spans are projected forward, the cross that triggers this signal will be 26 days ahead of the price and, hence, the actual date that the signal occurs. The strength of the signal is determined by the relationship of the price on the date of the signal (not the trigger) to the Kumo (Cloud).

4.1. A bullish signal occurs when the Senkou Span A crosses from below to above the Senkou Span B

A weak bullish signal occurs if the current price is below the Kumo.
A neutral bullish signal occurs if the current price is inside the Kumo.
A strong bullish signal occurs if the current price is above the Kumo.

4.2. A bearish signal occurs when the Senkou Span A crosses from above to below the Senkou Span B

A weak bearish signal occurs if the current price is above the Kumo.
A neutral bearish signal occurs if the current price is inside the Kumo.
A strong bearish signal occurs if the current price is below the Kumo.

2. Kijun Sen Cross
The Kijun Sen Cross signal occurs when the price crosses the Kijun Sen (Standard line).

2.1. A bullish signal occurs when the price crosses from below to above the Kijun Sen

A weak bullish signal occurs when the cross is below the Kumo.
A neutral bullish signal occurs when the cross is inside the Kumo.
A strong bullish signal occurs when the cross is above the Kumo.

2.2. A bearish signal occurs when the price crosses from above to below the Kijun Sen

A weak bearish signal occurs when the cross is above the Kumo.
A neutral bearish signal occurs when the cross is inside the Kumo.
A strong bearish signal occurs when the cross is below the Kumo.

Oil price falls as diplomatic talks over Syria result in deal to turn over chemical weapons (source - foxnews.com )

The price of oil fell Monday after the U.S. and Russia reached an agreement on getting Syria to give up its chemical weapons.

Benchmark oil for October delivery was down 81 cents to $107.40 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 39 cents to close at $108.21 on Friday.

In other energy futures trading on Nymex:
— Wholesale gasoline fell 2.9 cents to $2.728 per gallon.
— Natural gas rose 0.5 cent to $3.683 per 1,000 cubic feet.
— Heating oil fell 2.5 cents to $3.088 per gallon.
read more here http://www.foxnews.com/world/2013/09/16/oil-price-falls-as-diplomatic-talks-over-syria-result-in-deal-to-turn-over/

TODAY is Monday, September 16, the 259th day of 2013. There are 106 days left in the year. (the source is here http://www.perthnow.com.au/news/on-this-day-in-history-8212-september-16/story-fnii5s3z-1226719537517 )

Highlights in history on this date:

1498 - Death of Tomas de Torquemada, first Grand Inquisitor of Spain.

1673 - Holy Roman Emperor Leopold I declares war against France.

1736 - Death of Gabriel Daniel Fahrenheit, German physicist. He was the inventor of the alcohol and mercury thermometers and his name is commemorated by the thermometric scale.

1744 - Prussia's King Frederick II takes Prague but, deserted by the French, he is driven back into Saxony.

1810 - Mexico begins its revolt against Spanish rule.

1857 - The song Jingle Bells is copyrighted by Jane Pierpont of Boston.

1859 - Lake Nyasa, which forms Malawi's boundary with Tanzania and Mozambique, is discovered by Scottish explorer David Livingstone.

1913 - Japan sends flotilla to Yangtze River on China's failure to honour reparations agreement.

1940 - Italian forces reach Sidi Barrani, Cyrenaica, in North Africa.

1941 - Iran's Reza Shah abdicates in favour of his 23-year-old son, Mohammad Reza.

1945 - Japan surrenders Hong Kong at the end of World War II.

1953 - The Robe, the first movie filmed in the widescreen process CinemaScope, has its world premiere at the Roxy Theatre in New York.

1955 - Argentine President Juan Peron, ousted by military coup during second term in office, begins 18-year exile; uprising in Cordoba under General Eduardo Lonardi spreads throughout Argentina. 1956 - TCN 9, Australia's first commercial TV station, opens in Sydney.

1957 - Coup in Thailand places Pote Sarasin, new secretary-general of SEATO, as premier.

1963 - Malaya, North Borneo, Sarawak and Singapore form Federation of Malaysia.

1966 - The new Metropolitan Opera House at the Lincoln Centre in New York opens with composer Samuel Barber's Antony and Cleopatra.

1967 - UN Secretary-General U Thant calls on United States to halt bombing of North Vietnam.

1974 - US President Gerald Ford announces a conditional amnesty program for Vietnam war deserters and draft-evaders.

1975 - Papua New Guinea gains full independence from Australia. 1976 - US Episcopal Church approves ordination of women to be priests and bishops.

1977 - Death in Paris of Maria Callas, the American-born prima donna famed for her lyric soprano and fiery temperament. She was 53.

1978 - In Iran, 25,000 people are killed by an earthquake which measures between 7.5 and 7.9 on the Richter scale; Nicaragua's National Guard says it has retaken Leon, nation's second largest city, from guerrillas.

1979 - Afghanistan's President Nur Mohammed Taraki is overthrown in a coup headed by hardline Communist Prime Minister Hafizullah Amin.

1982 - Massacre of Palestinian refugees by Lebanese Christians at Chatila and Sabra refugee camps in Beirut begins.

1987 - Two dozen countries sign the Montreal Protocol, a treaty designed to save the Earth's ozone layer by calling on nations to reduce emissions of harmful chemicals by 2000.

1990 - Iraq opens Kuwait's borders and thousands of Kuwaitis attempt to flee their country.

1991 - Soviet Union's interim government promises to ease looming food shortages and opens talks on draft economic union treaty.

1993 - Clashes between ethnic Croats and Muslim-led government forces intensify in central Bosnia after Croat villagers are massacred; A judge in Berlin convicts three elderly former Communist leaders in the shooting deaths of East Germans who tried to scale the Berlin Wall.

1994 - British Prime Minister John Major lifts media restrictions on Sinn Fein, the political wing of the IRA; US Federal jury orders Exxon Corporation to pay $US5 billion ($A6.13 billion) in punitive damages to commercial fishermen, Alaska natives, property owners and others harmed in the 1989 Exxon Valdez spill.

1995 - In Mexico, three military planes, flying in formation crash during Mexican Independence Day festivities, killing six crew members.

1996 - France begins scrapping its 18 land-based nuclear missiles in the Alps, to rely solely on planes and submarines for its nuclear deterrent; Romania and Hungary sign a treaty to end a centuries-old rift between the two neighbours and help them join NATO and the European Union.

1997 - Typhoon Oliwa hits south-western Japan, killing six and forcing 80,000 people from their homes.

1998 - Serb security forces shell an ethnic Albanian rebel stronghold in northern Kosovo, spreading fighting to a peaceful area of the province and sending thousands of people fleeing. 1999 - A black officer goes on a killing rampage at a South African military base, shooting dead seven white soldiers and a white civilian before he is gunned down by colleagues.

2000 - At the Sydney Olympics Ian Thorpe wins two gold medals and claims two world records - in the 400m freestyle and the 100m freestyle relay; Michael Klim sets a world record in his leg of the relay: Australia's first medal of the Games - a silver - won by triathlete Michellie Jones; the opening ceremony is confirmed as Australian TV's most watched event, with 10.5 million viewers.

2001 - President George W. Bush pledges a crusade against terrorists, saying there is "no question" Osama bin Laden is the "prime suspect" in the September 11 attack; Iran reports that Tehran's Mayor Morteza Alviri has sent a message of condolence over the September 11 attacks to New York Mayor Rudolph Giuliani in the first official public contact between the two countries since the 1979 Islamic revolution.

2002 - Peace talks at a naval base in Sattahip, Thailand open between the Sri Lankan government and the Liberation Tigers of Tamileelam rebel army in an attempt to end Sri Lanka's 19-year-old civil war.

2003 - Nigeria warns ousted Liberian President Charles Taylor to not meddle in his homeland's internal affairs, saying his continued asylum in the country depended upon it. Taylor had been found making attempts to influence events in Liberia, even from exile. 2004 - Africans open a new home near Johannesburg for the Pan-African Parliament, Africa's first representative body.

2005 - A senior Sunni cleric calls for all Iraq's religious and ethnic groups to take a stand against violence as the country endures a third consecutive day of sectarian killings.

2006 - The Vatican announces that Pope Benedict XVI "sincerely regrets" offending Muslims with his reference to an obscure medieval text that characterises some of the teachings of Islam's founder as "evil and inhuman".

2007 - The budget One-Two-Go Airlines domestic flight OG269, carrying 123 passengers and seven crew members, crashes as it tries to land in pouring rain on Thailand's resort island of Phuket. At least 90 people are killed, including 54 foreign tourists.

2008 - Brendan Nelson loses the leadership of Australia's federal opposition to Malcolm Turnbull in a spill.

2009 - Afghan officials issue full preliminary results showing President Hamid Karzai got 54.6 per cent of the vote in the previous month's election, a result that could be annulled by mounting fraud allegations.

2010 - Pope Benedict XVI wades into the hostile atmosphere of highly secular Britain, admitting the Roman Catholic Church did not act decisively or quickly enough to remove priests who molested children in his strongest comments yet on the worldwide sex abuse crisis shaking his church.

2011 - Ghana-born trader Kweku Adoboli is charged with fraud and false accounting while working for Swiss bank UBS in London's financial district and is believed to have run up losses of $2 billion.

2012 - Hundreds of Pakistanis protesting an anti-Islam film break through a barricade near the US Consulate in the southern city of Karachi, sparking clashes with police in which one demonstrator is killed and more than a dozen injured.

1. Tenkan Sen / Kijun Sen Cross
The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan Sen (Turning line) crosses the Kijun Sen (Standard line).

1.1. A bullish signal occurs when the Tenkan Sen crosses from below to above the Kijun Sen

A weak bullish signal occurs when the cross is below the Kumo.
A neutral bullish signal occurs when the cross is inside the Kumo.
A strong bullish signal occurs when the cross is above the Kumo.

1.2. A bearish signal occurs when the Tenkan Sen crosses from above to below the Kijun Sen

A weak bearish signal occurs when the cross is above the Kumo.
A neutral bearish signal occurs when the cross is inside the Kumo.
A strong bearish signal occurs when the cross is below the Kumo.

Hedging (source - dailyfx.com)

Hedging has a dirty connotation in the Forex market. In the Forex market, hedging is often thought of as going long and short on the same pair at the same time.
This is disastrous, and an atrocity to the term ‘hedging.’ If you buy and sell the same pair at the same time, the only way you can truly profit is from the spread compressing (getting smaller), which means that your top-end profit potential is limited.
In actuality, it’s much more likely that spreads may spike during news announcements which could entail a loss on BOTH sides in this scenario.
Some traders say ‘well, I’ll close out the long at a top and wait for a bottom and then close out the short.’
This just doesn’t make sense. Because if you could time your long exit that well, then why wouldn’t you just initiate the short position there after closing the long position?
You still have to time the market in one of these ‘hedges.’ But extra risk is exposed from the fact that spreads can widen, and potentially trigger stops, margin calls, or any other number of bad events that simply aren’t worth it because there is so little upside of doing so.
The textbook definition of hedging, and this is what is taught in business schools around the world, is that a hedge is an investment that’s intended to offset potential losses or gains that may be incurred by a companion investment.

Trading news events automatically : Building an Automatic News Trader. read howto