Author: FX

Introduction to the Ichimoku Cloud Indicator The Ichimoku Kinko Hyo Indicator is one of the few technical indicators which can claim to be a complete trend following trading system. The Ichimoku Cloud Indicator uses the long-term trend component of the Ichimoku Kinko Hyo system so that traders may combine it with other short-term trend indications. What is the Ichimoku Cloud Indicator? The Ichimoku Cloud Indicator is a long-term trend following technical indicator which is based on the Ichimoku Kinko Hyo Indicator. This indicator plots a cloud-like area which is called the “Kumo”, which means “Cloud” when translated from Japanese. This…

USDIndex, H1 US initial jobless claims edged up 4k to 230k in the week ended December 3 following the -15k drop to 226k in the November 26 week. Claims are up from the 5-month low of 190k in the September 23 week, and a 53-year nadir of 166k in March, but are down from the 241k from the November 18 week which was the highest since mid-August. The 4-week moving average ticked up to 230k after edging up to 229k previously. Initial claims not seasonally adjusted surged 87.1k to 286.4k after dropping -49.7k to 198.3k. The US holidays are a…

Trading any kind of tradeable instrument, whether it be in the stock market, indices, bonds or commodities, is a difficult endeavor. Trading the forex market is a different beast. The forex market is probably one of the most difficult types of trading market that traders could dabble with. This is because unlike the above aforementioned tradeable instruments, currency pairs entail that traders are trading in a tug of war of supply and demand between two currencies. For example, a trader is looking to trade the EUR/USD pair. There are several factors that could occur. The EUR might gain demand and…

Introduction to the Hull Moving Average – HMA Indicator Traditional moving average lines such as the Simple Moving Average (SMA) often have a couple of weaknesses. They are either too lagging or too erratic. Traders try to compensate for these weaknesses by adjusting the number of bars which the moving average line would calculate for. However, adjusting the number of bars used only moves the characteristics of the moving average line along a spectrum of being too lagging or too erratic. The Hull Moving Average was developed to address these weaknesses. What is the Hull Moving Average – HMA Indicator?…

Xiaolu Chu According to CnevPost, Tesla (TSLA) sold a record 100,291 China-made vehicles in November, up 89.73% Y/Y and up 39.87% from October. Between January-November, company sold 655,069 China-made vehicles, up 62.86% Y/Y. Shanghai plant produces the Model 3 sedan and Model Y crossover. Cars for export are produced in the first half of each quarter, and cars for local delivery in the second half. Of 71,704 vehicles sold by Tesla Shanghai in October, 54,504 were exported and 17,200 vehicles were delivered locally. Purchase subsidies offered on models below RMB 300,000 will expire at the end of the month. The…

Trading with the trend is one of the most basic prerequisites for a high probability trading strategy. Although there are other types of trading strategies that does tend to produce high probability trade setups aside from trend following strategies, trend following strategies do tend to produce very high probability trade setups. This is because trading with the trend implies that traders are trading in the direction of the market’s long-term momentum. Trading in the direction of the trend significantly increases the probability of a trading strategy. The only variable left to be answered would be when or where to take…

Introduction to the DMA Displaced Moving Average Indicator Moving average crossovers are some of the simplest types of trade signals. As such, multiple moving average crossover indicators are common. However, this indicator is quite unique because it allows the displacement of moving average lines which is another layer of customizability that traders can use. What is the DMA Displaced Moving Average Indicator? The DMA Indicator or Displaced Moving Average Indicator is a trend following technical indicator which is based on the concept of moving average crossovers. It is an indicator which identifies trend direction using multiple moving average lines. However,…

Cardano Surpasses Ethereum In GitHub Daily Development Activity ranks first in the daily development activity list by GitHub.Cardano recorded 137 commits by 38 authors across 32 GitHub reps.Cardano was followed by Everscale, Wrapped Everscale, and at rank four.Recent data from GitHub shows that the public blockchain platform, Cardano is ranking first for daily development activity. Twitter account ProofofGitHub shared a list of the top ten chains with the highest daily development activity. GitHub Daily Development Activity: #1: 598 Cardano#2: 494 Everscale#3: 494 Wrapped Everscale#4: 419 Ethereum#5: 394 / Kusama#6: 362 Decentraland#7: 361 Status#8: 361 Internet Computer#9: 344 Filecoin#10: 338 Hedera…

Bank of England Monetary Policy Committee member Swati Dhingra in an interview over the weekend:warned that higher interest rates could lead to a deeper and longer recession … “That is what I think we should all be worried about … are we going to end up lengthening and deepening the recession if the tightening continues at the pace it is?”Dhingra voted for a 50bp increase in interest rates last month, contrasting with most other MPC members opting for +75bp, she reiterated her less hawkish stance in the interview:”A wage-price spiral would mean wages should be above inflation” “Given that real…

BOIL and YINN among ETF weekly movers Source link