As a free service, we provide an overview of salient predictable trading opportunities detected in historical Forex hour-by-hour data in 2002-2008 using a subset of our analysis techniques. The purpose of this overview is two-fold. First, we falsify the "efficient market hypothesis" for the Forex markets for the period in question. Indeed, Forex markets have not been "casino markets" -- a condition sine qua non for the mission of this site, meaning that a trader can profit in a sustainable way. Second, we discuss the strategies of such profit-making as they emerge as a spin-off of our way of detecting market inefficiency, and offer more technical materials focused on the trading system development. Basic terms and concepts are explained in the Key Concepts subsection. Bookmark with:
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Active algorithmic systems:
Danica | daily | 9am Eastern time | 14 forex pairs
"I noticed that in advances as well as declines... prices were apt to show certain habits, so to speak. There was no end of parallel cases and these made precedents to guide me. I was only fourteen, but after I had taken hundreds of observations in my mind I found myself testing their accuracy, comparing the behaviour of stocks to-day with other days. It was not long before I was anticipating movements in prices. My only guide, as I say, was their past performances. I carried the "dope sheets" in my mind. I looked for... prices to run on form. I had "clocked" them. You know what I mean... Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the... market to-day has happened before and will happen again."
-- from Reminiscences of a Stock Operator, a classic by Edwin Lefèvre, inspired by the biography of a legendary trader Jesse Livermore, an author himself, who made and lost fortunes, was like catnip to women and commited suicide at an age of 63.
Since Burton Malkiel's seminal work
A Random Walk Down Wall Street
In Far From Random: Using Investor Behavior and Trend Analysis to Forecast Market Movement he demonstrates that the market has discernible trends that are forseeable. By learning to spot those trends, traders and investors can predict market movements to boost returns in anything from equities to 401(k) accounts.
Futures Magazine Provides you with the essentials you need to make smart trading decisions... Our partner TradePub.com offers Futures Magazine for FREE to qualifying professionals.
Foreign Currency e-newsletter: Your daily source of information for global market conditions affecting currency rates and trends... Our partner TradePub.com offers Foreign Currency World Market Update -e-newsletter for FREE to qualifying professionals.
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Disclaimer: Forex, options and futures trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell forex, options or futures. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may be under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. See Terms of Service for the full disclaimer. |
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