Financial advisor with 22 years’ experience in the technical analysis studies for FOREX, Commodities, and Indices. Amir El Araby worked as a mentor for many companies and institutes, where he presented new methods for trading in the financial market. Amir is a member of the Egyptian Society of Technical Analysts (ESTA) and he is the Head of Trading & Analysis at FXGate Ltd. Amir is a member of (STA, London).
Ribbons studies have recently gained excellent reputation in the field of technical analysis due to the efficiency of their signals that help defining the market directions and the reversals as well.Drawing Ribbons lines on our charts is simpler than we think, as adding eight moving averages on the same chart instead of one or two will build the cloud.Actually,
By examining the daily chart of EURUSD, we can see how the pair has moved steadily to the downside after placing the significant high of 1.2090 whereas bears succeeded in hauling EURO below Senkou Span.With Tenken-Sen overlapping Kijun-Sen on September 24, the bearish impetus increased, as price is already below the cloud.Ichimoku analysis for EURUSD
A few days back, we have presented our bearish overview forthe EURUSD, using Ihimoku studies. The EURUSD has adopted favorable reaction to our suggested scenario as seen on the charts below.Having a look at the pair from a pure classical overview, we will be able to notice that, bears succeeded in hauling the EURUSD pair below the neckline for the
Since topping out in the 0.8125 territories, the AUDUSD pair has slipped dramatically, offering one of the most accurate classical reversal patterns over daily studies.AUDUSD bears have drawn head and shoulders top pattern with a complex dual head as seen on the provided chart below.Additionally, the pattern was traced with a sloping neckline, which is one
By examining the daily chart of USDJPY pair, we can notice how bulls failed to clear the significant resistance drawn in the 114.50 regions, while the psychological level of 115.00 continued to cap the upside actions successfully.With that on mind, we suggest additional bearishness, reinforced by the breakout below the rising trend line connecting the
t is our pleasure to present one of our new productions under the name of “Star Traders” to briefly spot on the biographies of personages for those who have created big names in the financial markets.The first article is dedicated for focusing on Dr.Elder’s life and the role he plays to make a real improvement in the technical analysis science.Alexander
Robert Prechter, Jr. was born in 1949. He has joined Yale University after getting a full scholarship and later received a B.A. in psychology in 1971. In 1975, Prechter began his financial career by joining Merrill Lynch’s Market Analysis Department under the tutelage of Robert J. Farrell and in 1976 began issuing Elliott-wave analysis of the financial markets.In
Mr. Sperando was born in 1945; he started his career as an options trader in January 1968 after joining Filer Schmidt & Co. He traded over-the-counter securities options after becoming a stock options dealer.In 1970, Mr. Sperandeo moved to U.S. Options, where he continued as a securities option trader for bank and trust company clients. He became
Loeb was born on December 18, 1961. He grew up in Santa Monica, California and attended Palisades Charter High School. He was graduated from Columbia University with an economics degree.His father was a partner at the Los Angeles law firm of Irell & Manella LLP. He had made $120,000 when he was a student in the stock market, but lost it all on an
Stanley Druckenmiller was born in Pittsburgh, Pennsylvania on June 14, 1953. He was born to the chemical engineer, Thomas Duckenmiller and grew up in a middle-class household the suburbs of Philadelphia. His parents divorced when he was in elementary school and he went to live with his father in Gibbstown, New Jersey and then in Richmond, Virginia.In 1975,
Ed Seykota has was born in August, 1946 and has earned his Bachelor degree in Electrical Engineering from Massachusetts Institute of Technology in 1969. He has also earned the same degree in Management in same year.Seykota has created trading systems in 1970 using early punched card computers in order to experience ideas on trading markets. He has
Dennis was born in January 1949, in Chicago. There was no privileged childhood with wealthy parents and well-placed friends. He did not have a silver spoon or the right connections.When he became 17 years old, he worked as an order runner on the trading floor of Chicago Mercantile Exchange ($1.60 an hour). Before becoming 21 years old, he worked as his
Scott Carney, President and Founder of HarmonicTrader.com, created the harmonic patterns that comprise the Harmonic Trading approach. Now the fastest-growing subject in the trading world, the harmonic patterns that Scott created define a system of price pattern recognition and Fibonacci measurement techniques that pinpoint consistently accurate opportunities.Scott
Bruce Kovner was born in 1945 in New York to a Russian Family who immigrated to New York in the early 1900s. In 1953, his father moved the family to San Fernando Valley where he became the student-body president of Van Nuys High School at 16, and an accomplished basketball player.Kovner went to Harvard College starting in 1962 and in in 1965, sadness dominated
The daily studies of Bitcoin show how prices have soared during the last two months achieving sharp acceleration particularly after stabilizing above 8000.00 territories.Bitcoin offers a technical pattern that appears with bubbles. The parabolic curve pattern requires discipline when you trade it, as traders should focus on how to catch accurate reversal
When you decide to be a harmonic trader, the major rules of harmonic trading must be followed and I say “Must”.** Some of the rules I use personally are seen in the following points:*Longer time intervals should be clear and when you see a conflicting pattern or conflicting sigs avoid the instrument until things be clearer.*Candlesticks and divergences
By examining the weekly chart of EURUSD, we can see how the pair is currently struggling with the long-term falling trend line that connected the movements from all-time peak of 1.6035.Momentum indicator reaction with the afore-mentioned resistance line may form a negative divergence, forcing the pair to show strong downside moves with a break below
Despite last week’s drop seen on all Cryptocurrencies, but yesterday, we have witnessed a strong recovery, which supported the idea of building a new base over daily charts.Bitcoin (BTCUSD) has moved upwards after touching the levels of 8400.00 to currently flirts with SMA50 once again. Actually, the consecutive three daily closings below the bearish trend
The most important events this week that could weigh on the movements of major currencies will be the final gross domestic product for the fourth quarter in the United States and the United Kingdom. Noting that, political issues could have bigger impact on the currencies movements this week amid the escalating global trade war jitters. US DollarThe
DXY has rebounded sharply following the weakness seen with the opening of the week. From a pure classical point of view, we do believe that DXY is still building a technical base after tracing a falling wedge and activating a strong breakout as seen over the daily graph. Additionally, we also can notice a cluster resistance on the chart in the 90.50
Updating our bullish overview published on March 27, we can see how the U.S. dollar index has adopted favorable reactions to the positive scenario where it succeeded in breaching enormous resistances at 90.50 and 90.90. In that report, we defined 92.60 to be the technical objective of the bullish wave. Actually, the areas of 92.60 become very close as the index
In 1995, Tushar Chande has developed the Aroon indicator system that determines whether the market is tending or not; it gauges the strength of the trend. Aroon is a Sanskrit word meaning dawn’s early light, and the indicator is so named as it is designated to signal the beginning of new trends. Aroon consists of two separate indicators: Aroon-Up (AU)
Celente was born in New York City on November 29, 1946. He had early political experience running a mayoral campaign in Yonkers, New York and served as executive assistant to the secretary of the New York State Senate. He traveled from 1973 to 1979 between Chicago and Washington D.C. as a government affairs specialist.His motto is “think for yourself,” observes
Having a look at the daily studies of Ethereum proves that, the coin continues to beat the resistance levels placed during the previous period as seen on the chart below.Actually, Ethereum succeeded in placing a medium-term trough in the areas of 361.00 where buyers took it to the upside clearing 611.00 zones where 23.6% Fibonacci retracement of the entire
By examining the H8 chart of TRX/BTC, we can see how the pair has moved to the downside after placing the significant high of 0.00001012 on May 26. Indeed, today’s closing is to important as TRX (know also as TRON vs. Bitcoin) started to show some kind of strength following the re-test of the rising trend line that connected the movements during the previous
Jesse Livermore was born on July 26, 1877. He is one of the greatest traders who ever lived who lost and made millions of dollars while shorting the stock market in the early part of the 20th century.The man who became later one of the American stock market legends has escaped from farming life in his early teens. He went to Boston and started trading for
In this article we want to concentrate on the traders who suffer loss and potentially never come back. Those amongst us who take a break from trading, due to financial losses and hardship and as a consequence, are statistically far less likely to ever return to trading then the ones who walked away from trading due to career change or a change in life
The weekly charts for DXY (U.S. Dollar Index) and EURUSD reflect one of the most important technical principles when it comes to classical studies. The chart to the left shows how EURO vs. Dollar has formed a long shadow just from the support zones- previous resistances- in addition to being protected and carried by SMA200 from the underside. Hence,
By having a look at the four-hour chart of Litecoin against Bitcoin we can see how the bearish tone has slowed down during the previous sessions.With that in mind, we do believe that, the pair is on its way to correct the bearishness started around 0.015000 zones influenced by 3 simple facts on the graph as follows: · The
Eckhardt is one of the best commodities and futures traders and fund managers. He left the University of Chicago and forsook his nearly completed Ph.D. in mathematical logic in 1973. Eckhardt joined the high school with his friend Richard Dennis as a trader on the Mid-America Exchange. Both of them have become partners in C&D Commodities, where they created
Experienced traders face a dilemma when offering up tips, not only are tips personal and often contentious, there are the argument and theory that; if you don't experience the most common mistakes as a unique individual, then you're unlikely to build the 'psychological armor' necessary to succeed at retail Forex trading. There's also the other contention;
By examining the daily chart of Bitcoin, we can see how the sideways trading actions have dominated the movements during the previous period. It seems that Bitcoin is on its way to building a base with a classical inverse head and shoulders pattern.It is important to clear 7080.00 areas first to affirm the technical pattern which could push Bitcoin higher
What is 'Equal Weight' Index?Equal weight is a type of weighting that gives the same weight, or importance, to each stock in a portfolio or index fund, and the smallest companies are given equal weight to the largest companies in an equal-weight index fund or portfolio. Equal weighting differs from the weighting method more commonly used by funds and portfolios
The EURUSD pair has been trapped within a sideways range since late May, moving up and down sharply between 1.1850 and 1.1500 as seen on the provided daily graph. Initially, EURUSD should beat the downside trendline of the triangle at 1.1750 to be able to challenge 1.1850.July’s peak of 1.1790 also represents a strong resistance but we do believe that
Binary Options have become widely popular during the last two years. The main reasons for this are that they offer high-profit returns and they are easy to trade.Binary Options definition: When trading Binary Options you only have to predict if the price of an asset (for example currency pair or stock) will increase or decrease from its current price over
Kenneth Cordele Griffin was born on October 15, 1968, in Daytona Beach, Florida. He grew up largely in Boca Raton, with some time in Texas and Wisconsin. He attended Boca Raton Community High School, a public school, where he was president of the math club. He began his investing career while still a Harvard undergraduate, coaxing the school administration
The U.S. dollar index has shown strong volatility during the previous period, forcing us to have a look at the long-term charts. The index has slowed down its upside wave started around 88.45 where it capped again by 50% Fibonacci from 121.13 to 70.52 as seen on the monthly graph below. Additionally, we see how the momentum indicator -RSI- has been resisted
Forex trading signals are famous tool used by FX traders worldwide as it guides them to making decisions about their trading positions at a specific time. Some signal providers offer their service for free whilst others confer them through a paid subscription system. However, FX traders have to take into consideration that a credible signal provider should
Cryptocurrency bears grabbed the control over the market once again, but crypto hedge funds are unabashed and continue to expand their business globally. Thus, Bloomberg reports that BlockTower Capital opened a second office. This fund was co-founded a year ago by former Goldman Sachs investment manager Matthew Goetz. Since the beginning of the year, crypto
On February 28, 1946, Marc Faber was born in Zurich, Switzerland where he raced for the Swiss National Ski Team. His school was in Geneva but when he grew up, he studies Economics at the University of Zurich. When he was 24 years old, he obtained the PHD degree in Economics.In 1973, he moved to Hong Kong where a branch of White Weld & Company
By examining the weekly chart of EURAUD pair, we can observe the Fibonacci rhythmic that created harmonic pattern probability. The EURAUD pair is moving closer to its highest level in more than 2 years; however, the weakness appearing on RSI along with the harmonic bat possibility offer short opportunity.Technical targets reside around 1.59 regions, while
Paul Tudor Jones II was born on September 28, 1954 in Memphis, Tennessee. He graduated from Presbyterian Day School, an all-boys elementary school, before attending Memphis University School for high school. Later, Jones has joined the University of Virginia, earning an undergraduate degree in economics in 1976 and got a job working for the cotton speculator
Making a comparison between the price average of DAX 30 in July (three months back) and the current prices shows that the index has slumped 1400 pips approximately.July Chart October Chart In Ofeed.com, we have caught the bearish classical H&S pattern over a weekly basis even before completing the left shoulder and breaching the upside trend-line
By examining the daily studies of EURJPY pair, we easily can notice how 130.00 psychological levels continued to send prices to the downside. Regions of 130.00 intersect with SMA200 -colored in gray- while the bearishness started at 133.25 remains capped below a falling trend-line. With that in mind, we do believe that bears may resume their southern
Since forex is introduced to the public, traders learn more and more every day. Few years ago, most traders would have no answer if you asked what ECN/STP was. Thanks to the Internet and the free information accessible to public through it, now most traders know how to choose a good broker and what a market maker and ECN/STP brokerage
Edson Gould was one of the first stock market technicians in Wall Street. He spent over 60 years studying and working in financial markets.Gould studied the arts at Princeton, engineering at Lehigh (where he graduated in 1922), and finance at New York University.In 1922, after working for a short time at Western Electric, he joined Moody’s Investor Service
The eight-hour chart of Bitcoin shows that prices have been trapped in a pause mode following the sharp decline achieved by bears during the previous period. With that said, we do believe that Bitcoin is on its way to trace a reversal pattern (Inverse H&S) with a sloping neckline meeting the 4250.00-4280.00 regions. A break of 4280.00 will
The Harmonic Analysis: The methodology that controls specific price actions for the equity connected to exact Fibonacci ratios on the chart is known as a harmonic pattern.It has been captured from the Elliott wave's studies but day after day it started to gather its fans.The important concept that we should know is that the destiny or rather the direction
Humans are uniquely smart among all other species on our plant as we are capable of outstanding feats of technology. The questions which suddenly jumped into my mind are; why are we so prone to making mistakes? And why do we make the same mistakes time and time again? Laurie Santos (Primate Psychologist from Yale University) posed these questions to
Today we will discuss why your results in your demo account will probably contrast sharply with the results in your live account. When most people start trading, they believe their results trading with fake money will be the same as their results trading with real money.Of course, that is almost never the case. The reason for this is that a person's emotions
Julian H. Robertson was born on June 25, 1932, in North Carolina for a textile company executive. He graduated from Episcopal High School in 1951 and in 1955; he was graduated from the University of North Carolina with a degree in business administration.In 1957, he joined he joined Kidder, Peabody & Co. in New York where he became the head
Introduction:One of the most modern studies that started to attract the technical analysts nowadays is the time cycles and the role it plays in the financial markets. Indeed, time is one of the most important factors in defining the movements of the market as when you study the past of specific equity you will find the evidence for the famous speech "History repeats
Mark D. Cook became a famous trader for the first time in 1989 when he finished second in the US Investing Championship. By 1992, Cook won the U.S. Investment Championship with a 564% return.Since then, he has turned to the Standard & Poor’s 500 index and NASDAQ for day trading, while keeping the options and stocks for intermediate- and longer-term
The RVI indicator is a pretty good indicator which can be used in various ways to identify reversals. Although the creator of the Relative Vigor Index is unknown, it was developed by John Ehlers to be a popular member of the “Oscillator” family of technical indicators.RVI consists of two lines – the “Green” line, which is the smoother RVI values, and the
From an equation once shrouded in mystery, a flavor of pivot points came to light that many short-term traders enjoy when plotted on the daily chart. The calculation of Camarilla Pivot Points produces considerably closer levels than other pivot variations might, leading to a more trading activity than other flavors of this popular support and resistance
According to Forbes World’s Billionaire lists published on March 2013, James Simons became the 31st in the U.S keeping his 2012 rank unchanged as number 82 in the worldwide with a net worth of $ 11.7 B.Simons (the king of American hedge fund managers) was born in 1938 to a shoe factory owner and was the only child in the family. He received his Bachelor degree
By examining the weekly chart of Bitcoin, we can notice that the bullish momentum seen in the previous days has stopped a little bit. Actually, there are some reasons behind this calmness seen yesterday and today after touching $5400 regions as follows: 1 – The 61.8% Fibonacci retracement of the entire upside wave that was topped out in the $20k meets
According to Forbes World’s Billionaire lists published on March 2013, Ray Dalio became number 28 in U.S making a big advance comparing with 2012 rank, as he was number 88. In the interim, he jumped in the annual list to be 76th in the worldwide with a net worth of $ 12.5 B.Dalio was born in August 1, 1949 to a jazz musician in Jackson Heights Queens,
The Bitcoin (BTC) hit a 13-month high above $9,300 on Sunday. The leading cryptocurrency by market capitalization soared to $9,381 – the highest price since May 10, 2018, according to CoinDesk’s Bitcoin Price Index.BTC achieved 6.4 percent gains on the day. Since the opening of June, Bitcoin is up 8 percent.More than $19 billion worth of bitcoin has
Resuming our series of analysis for Bitcoin, this time we will leave the charts below to tell you the steps of the journey we anticipated since Bitcoin was valued at $5391. What is next? We do believe that the price will correct slightly before soaring once again, while the door is opened already to test $20000 zones after clearing very
Ripple rebounded, achieving about 5% jump after touching the sensitive support areas of 0.30 as seen on the provided H8 chart. Actually, the 0.30-0.32 zone is still providing bulls with hope that the cap of 0.50 will be taken out one day as 0.30 continued to cause a jump in prices with every time it is been touched. Ripple is presently flirting with the
The phrase (history repeats itself) is a well-known principle among those who are interested in the financial market, right? Yes, indeed while some analysts, investors, and traders believe in the time cycles of the financial markets, considering the time factor very important to support their thoughts and decisions, the majority believes in the above-mentioned
Last week, the White House, represented by President Donald Trump, took a sharp tone on China as part of the so-called trade war, which led to the collapse of the stock market and all high-yielding investment vehicles, and a consequent decline in risk appetite.The forefront of currencies positively affected by these events were the Japanese yen and