Day: March 27, 2020
12 posts
Soybeans MAY 2020 has broken through support of a Triangle. It has touched this line at least twice in the last 10 days.
Soybeans MAY 2020 has broken through the support line of a Triangle. It has touched this line at…
Support line breached by Visa. This price has been tested at least twice before.
Visa has broken through the support line which it has tested twice in the past. We have seen…
Soybean Meal MAY 2020 is quickly approaching 317.6000. We expect either a breakout through this line, or a rebound.
Soybean Meal MAY 2020 is heading towards a line of 317.6000. If this movement continues, we expect the…
Support line breached by ETHUSD. This price has been tested at least twice before.
ETHUSD has broken through the support line which it has tested twice in the past. We have seen…
After testing 223.95 numerous times, Unitedhealth Group Inc. is once again approaching this price point. Can we expect a bearish trend to follow?
The movement of Unitedhealth Group Inc. towards 223.95 price line is yet another test of the line it…
Lean Hogs JUNE 2020 hits 68.75 after a 8.31% move spanning 9 days
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
Mcdonalds Corp. – approaching a price line that has been previously tested numerous times in the past
Mcdonalds Corp. is moving towards the support line of a Support. Because we have seen it retrace from…
Calculating Pip value
One of the best trades of my life actually made an extra mad extra due to the appreciation of the same currency. I sold USD/JPY several years ago when it traded at 118.75. I knew there was an important G7 meeting over the weekend, so I placed an anticipatory sell stop on the expectation of…
For Better Results try a Dual Stochastic Forex Strategy
Stochastic oscillators can be a valuable tool for mechanical forex traders. Yet, traders often use stochastics together with numerous unrelated indicators, and the results are generally ho-hum. Like some other traders, I’ve found that using a single stochastic oscillator usually doesn’t produce consistent winners. One stochastic by itself doesn’t seem to yield eye-popping gains. The…
How to win with a mechanical trading system
Much ink has been devoted to pinpointing the causes of mechanical trading systems failures, especially after the fact. Although it may seem oxymoronic (or, to some traders, simply moronic), the main reason why these trading systems fail is because they rely too much on the hands-free, fire-and-forget nature of mechanical trading. Algorithms themselves lack the…