EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
How to improve your decision--makingh between Nasdaq100 and SPX by watching technicals in bond yields - Details in video description.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
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its kind of radical TP
fed has no choice but to announce more quantative easing , i dont see how he got this target
La Puzze, those forecasts by TD are interesting. were they issued by Shaun Osborne? He's had a stellar track record in 2008 and 2009.
Euro bulls are unlikely to throw the towl as longa s $1.3510 holds for the week.
Ashraf
for the own currency and/or economy is minimum. Traders go for the max profit. These two are incompatible regimes of decision making. There is however a simple solution to the dilemma.
Do not trrade one pair but a multiple of pairs such that a loss in one is compensated by a profit in the others. Hence the risk to lose is zero. So what you do is to take the profits and let the losses run until the hedge strategy of the CBs and banks brings them back to the positive territory. If you do backtesting you will see this strategy always works.
a lot can be learned from the worst traders.... :)
This assumes that every price p is a function of previous prices. This necessarily yields "scaleless similar patterns". But no one has yet demonstrated p is ALWAYS a function of previous p. So EW is about as reliable as coin flipping but less reliable than probing an oracle. Such as Buffet. Bernanke is not an oracle.
They spend the day getting slowly drunk dancing in the streets with the Obyoss which was designed to frighten away the Spanish ships in bygone times. How's that for fundamental irrationality. They also have their "Blacky" day which needless to say becomes more contraversial every year. We have very few immigrants in Cornwall as you might imagine.
I liken markets to typical human behaviour. EW reflects the sum total of human (trader) behaviour and believe it or not we have to include the banks and politicians into the human race. Even the likes of Goldman Sachs have to be classified into the human category. Algo bots are shaped by human emotion. Its like one enormous pie of human emotion.
EWP is the underlying structure of the markets just as fibonacci principles apply to even Catnip's body geometry. Not sure if fibs can be found in the brain but I suspect they will be.