boutique trading strategies

More Excellent books re Binary Options Trading

2016-06-11T15:23:00.001-04:00

These books are all available on Amazon.

They cover a diverse range of topics, some are expensive and others are moderately priced.

There is excellent information about Binary Options Trading in each.

Some people prefer to learn at a seminar, whereas others might prefer to use a book and learn at their own pace.

I have included the links to the books as well as the links to the customer reviews so that you can get a good idea as to what the book covers before ordering.

The Binary Options Book Of Knowledge: Everything I Wish I Had Known Before I Started Trading

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Author:Christopher D. Carlson
Format:Kindle eBook
Binding:Kindle Edition

As someone who has spent hundreds of hours helping run a Binary Options trade and training room, I know how confusing the topic of trading can be with newbies. Most people have heard of Forex, but are unsure how it differs from Binary Options.

How to Trade Binary Options Successfully: A Complete Guide to Binary Options Trading

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Author:Meir Liraz
Format:Kindle eBook
Binding:Kindle Edition
Manufacturer:Liraz Publishing

The purpose of this book is to show you how to make money trading Binary Options. Binary Options are a popular investment instrument for trading stocks, commodities and currencies. Trading Binaries is very simple and straightforward,

Binary Options: The Complete Guide To Trading Binary Options

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Author:Jeremy White
Format:Kindle eBook
Binding:Kindle Edition

Binary Options: The Complete Guide To Trading Binary Options Today only, get this Amazon bestseller for just $2.99. Regularly priced at $4.99. Read on your PC, Mac, smart phone, tablet or Kindle device. This book will show you how to make money.

Generate Daily Income from Financial Market - Beginner's complete blueprint of trading Binary options

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Price:$11.50
New:$8.52 (19)
New:$10.27 (9)
Eligible for FREE Super Saver Shipping

Author:Sid Bhattacharjee
Binding:Paperback
Manufacturer:PartridgeIndia

This book is pragmatic and is not theoretical or conceptual. The book is intended for newcomers to learn to earn a daily income from financial market by trading a relatively new investment vehicle called Binary options.

Binary Options: Binary Options Trading Guide To Wealth Building Through Binary Options Trading With Binary Options Trading Strategies For Building Wealth ... Binary Options Trading For Beginners

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Author:John McQuilkin
Format:Kindle eBook
Binding:Kindle Edition

Binary Options Trading Guide To Wealth Building Through Binary Options Trading With Binary Options Trading Strategies For Building Wealth Including Binary Options Trading For Beginners Get this Amazon bestselling book today!

...
Binary Options SCAM!: The Only Way to Beat the Brokers Binary Options Trading.

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Author:P Winstanley
Format:Kindle eBook
Binding:Kindle Edition

Hi, first off, I hope you have found this book before you have lost any of your money binary options trading. If you are thinking about forex trading, or trading binary options you need to read this book first.

Enjoy!

Binary Options Tidbits As At June 11, 2016

2016-06-11T12:55:00.001-04:00

Binary Option trading, although related to Forex trading is a completely different approach. As a matter if fact, many different kinds of instruments can be traded using Binary Options, it is not restricted to Forex.

The market for trading Binary Options is relatively new, only in the past couple years have brokers begun to assert that there should be some regulation. In the past there have been many disreputable operations and many traders were fleeced by unscrupulous operators.

I have gathered some recent articles about Binary Options Trading, you may find those to be of interest.

As you will see, there are many concerns which people are to be aware of, each of us has to do our due diligence regarding the selection of a broker.

FFAJ April Report Shows Third Month of Decline in Japan for Binary Options - Finance Magnates
http://news.google.com Wed, 18 May 2016 20:46:40 GMT
Finance MagnatesFFAJ April Report Shows Third Month of Decline in Japan for Binary OptionsFinance MagnatesThe Financial Futures Association of Japan (FFAJ) today reported April binary options statistics for over-the-counter (OTC) retail trading across its eight reporting member brokerages which showed a decline in the number of active client accounts ...Japanese OTC Forex volumes fall 5% M/M in April 2016LeapRateJapan's forex, binaries trading volumes further fall in Apr 2016SMN Weekly (blog)all 3 news articlesﾠ»
Read more ...

Israel-linked investment pros plead with gov't to shut down binary options - The Times of Israel

http://news.google.com Wed, 01 Jun 2016 04:27:42 GMT
The Times of IsraelIsrael-linked investment pros plead with gov't to shut down binary optionsThe Times of IsraelSchoenfeld is referring to Israel's binary options and forex industries, whose fraudulent activity The Times of Israel has been exposing and detailing in a series of articles in recent weeks, beginning with an article entitled “The wolves of Tel Aviv ...
Read more ...

Building a Binary Options Brand? Beware of these Common Brokers' Mistakes - Finance Magnates

http://news.google.com Thu, 02 Jun 2016 19:01:15 GMT
Building a Binary Options Brand? Beware of these Common Brokers' MistakesFinance MagnatesThis article was written by Martin Kay, co-founder and chief editor of the biggest anti-scam binary options community BinaryOptionsThatSuck.com. If 'bonus', 'account manager' or 'unable to withdraw' complaints sound familiar to you, you're probably not ...
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Forex and Binary Options “Burn the Money of Orphans, Widows and Pensioners” - Finance Magnates

http://news.google.com Tue, 07 Jun 2016 11:37:37 GMT
Finance MagnatesForex and Binary Options “Burn the Money of Orphans, Widows and Pensioners”Finance MagnatesShmuel Hauser said: “Trading arenas, binary options arenas and the like can sometimes be used as a cover for allegedly unfair activity, which burns the money of orphans and widows, innocent investors and pensioners. This was not lost on us so we haveﾠ...
Read more ...

ASIC Warns Residents About Dealing with 8 Binary Options Brokers in Australia - Finance Magnates

http://news.google.com Thu, 09 Jun 2016 07:35:19 GMT
Finance MagnatesASIC Warns Residents About Dealing with 8 Binary Options Brokers in AustraliaFinance MagnatesThe Australian Securities and Exchange Commission (ASIC) has today issued a warning to investors about dealing with eight binary options companies including GOptions, Porterfinance, Boss Capital, MaxOptions, Bloombex Options, Citrades, RBoptionsﾠ...Australia's ASIC adds eight more binaries brokers to warning listSMN Weekly (blog)all 3 news articlesﾠ»
Read more ...

Should I trade binary options? - The Voice Online

http://news.google.com Fri, 03 Jun 2016 18:20:51 GMT
The Voice OnlineShould I trade binary options?The Voice OnlineHi, I need your help. I was contacted by a certain lady by the name Emma Thompson. She says she works for OneTwoTrade company that helps people buy shares through Binary options. She says people get rich within 3 days tripling their money.
Read more ...

3 Great Binary Options Books to Enhance Your Trading Strategies

2016-06-11T09:26:00.002-04:00

I have complied a list of excellent Binary Options related books which I feel tell the story of Binary Options Trading.

The authors are excellent teachers, I am sure there is a lot for you to gain from reading through these.

These are listed on Amazon, click on the links (title), and you will be able to see a brief summary as to the contents of each book.

Binary Options: Fixed Odds Financial Bets by Hamish Raw

Trading Binary Options: Strategies and Tactics by Abe Cofnas

Binary Options Pro by Ken McLinton

Enjoy!

Gold Is Taking Off!

2016-01-26T13:26:00.000-05:00

Someone Is Buying Big Time

In the past few hours Gold has had a dramatic rise in price.

Here is a one hour chart showing how the day started with a rise and then a couple hours where it went back and forth and then it started to shoot upwards.

I have included a Point and Figure chart so as to show the resistance that will have to be overcome before any major move occurs.

Gold Analysis, Ichimoku Trading Strategy as at January 26, 2016

2016-01-26T04:12:00.003-05:00

Gold Price Analysis Using the Ichimoku Trading Strategy Will Not Be Positive.

The Tenkan sen (red) has crossed up over the Kijun sen (blue) as if to give a bullish signal.

And as you can see, price has moved up, met resistance and fallen back.

The Kumo (Ichimoku Cloud) is very thick at this time and will not be a great place to initiate a trade entry.

The light blue dotted lines are marking support and resistance derived from the Chikou Span (green line) and are historic, marking places of support and resistance from the past 20 years.

The Ichimoku Kinko Hyo Trading Strategy has five components and each of those measures support and resistance making thios a very reliablke system for entering and managing trades.

Here is a 15 minute chart which shows the recent price action, the rise and then the retreat.

Traders entering on the 15 minute chart would have had what looks to be a good entry as the price came out of the cloud and crossed above the Kijun sen.

The Ichimoku Kinko Hyo Trading Strategy can be best described as a conservative trend following system.

More on Ichimoku Kinko Hyo on this page.... click here

I have gathered some articles, you will see many different opinions in these, the market is volatile and uncertain. Nothing is guaranteed. As today progresses there may be a further increase in price based on economic announcements. Later in the week is a lot of news about the US economy which may well have great effect on gold prices.

Gold Prices Today Are Up – Can They Stay There? - Money Morning
Mon, 25 Jan 2016 16:26:14 GMT
prices today are enjoying a bump from investors seeking refuge from global marke t volatility. Equities have suffered badly. Fears of an economic slowdown in China and dramatically lower oil prices appear to be the most blameworthy signals. Globalﾠ...

Gold Prices 'Target $1200' Ahead of Fed, 'Paper Shorts' Battle 'Robust Demand, Falling Supply' - BullionVault
Mon, 25 Jan 2016 14:16:50 GMT
GOLD PRICES edged higher on Monday morning in London, writes Steffen Grosshauser at BullionVault, holding close to a 7-session high at $1107 per ounce as a rebound in Asian stockmarkets faded in European and pre-US trade ahead of this week'sﾠ...

Gold prices rebound on global cues to Rs 26445 - Economic Times
Mon, 25 Jan 2016 12:59:00 GMT
Spot gold rose 0.5 percent to USD 1,103.35 an ounce in early trade, extending a near one percent increase made last week, when investor appetite for risk evaporated on worries China's economic growth is slowing down, while Spot silver rose 0.9 percent ...

Is gold headed for $1200 per ounce? - gulfnews.com
Tue, 26 Jan 2016 07:15:23 GMT
Dubai: After incurring serious declines in 2015, gold seems to have regained its strength, with retail prices in Dubai soaring by nearly 5 per cent since early this month. In the international market, the precious metal hit $1,111.26 on Tuesday, the ...

Crude Oil Price Moving Higher Overnight

2016-01-25T01:53:00.000-05:00

Considering forthcoming EU stimulus programs and colder weather stimulating demand, Crude oil is moving higher.

At this time the price has risen to $32.72 and there does not appear to be any resistance showing on the Ichimoku Chart, meaning it may continue upwards

Here is some news from today.

Asia rises after cold spell lifts oil, dollar stands tall - Reuters
Mon, 25 Jan 2016 05:15:22 GMT
TOKYO Asian stocks on Monday moved further away from four-year lows struck last week, as a cold spell in parts of the northern hemisphere pushed oil prices higher and relieved some of the bearish pressure on global markets. World equities also took ...

How Soon Could A Sustained Oil Price Rally Occur? - OilPrice.com
Mon, 25 Jan 2016 00:06:54 GMT
Noteworthy is the fact world oil markets started pricing the return of Iranian crude exports six months ago when the framework of the agreement to end international sanctions was announced in July — the last time WTI traded over US$50 a barrel. While ...

Security Woes Threaten OPEC's Second Largest Producer - OilPrice.com
Mon, 25 Jan 2016 00:06:54 GMT
Despite the fact that the country's crude oil output has continuously been plagued by security concerns and faltering payments to international oil companies from both the Kurdish regional government (KRG) and Baghdad and an ongoing row over oil export ..

Crude Prices Edge Up On ECB Stimulus Outlook - Nasdaq
Mon, 25 Jan 2016 03:42:51 GMT

Crude-oil prices extended gains in early Asia trade Monday as the market continued to react to signals by the European Central Bank that it would undertake more stimulus measures to lift the regional economy. On the New York Mercantile Exchange, light,ﾠ..

Good Trading.

Gold Price Technical Analysis As At January 24, 2016

2016-01-24T19:46:00.002-05:00

3 Looks at Gold Technical Analysis: Ichimoku, Fibonacci Patterns, Support and Resistance

Ichimoku Kinko Hyo

This is a Daily Chart of Gold and you can see that Gold Price is trapped within the Ichimoku Cloud.

Please note that the light blue lines represent support and resistance. Gold is surrounded by support and resistance, it is going to be a battle to break theorugh all these levels to rise or fall. Until price is clear of the Ichimoku Cloud, it will be hard to make entries on this chart.

This is a 4 hour chart of Gold, the price has risen above the Kumo (Ichimoku Cloud) and you can see that it has met resistance. Looking back 26 bars at the Chikou Spsn, we see that the Chikous Span is still within the cloud, resistance. Gefinitely Gold is not ready for an entry, based on Ichimoku Kinko Hyo Charts

Fibonacci Patterns

On the Monthly Gold Chart we have a stron looking Bullish White Swan Dating Back to early 2001, which indicates this to be a strong bullish pattern. We can assume that the main direction in future will be bullish based on this pattern

On the weekly chart is a Bullish AB=CD Fibonacci Pattern which has actually proven to be accurate as price has risen, albeit slowly, since the pattern appeared in November 2015.

Late in November 2016 appeared a Bullish AB=CD Fibonacci Pattern on the Daily Chart and there has been an advance since the pattern appeared. Trend since that pattern appeared has been bullish although a lot of resistance.

Support and Resistance

There are a few ways to determine support and resistance levels, this one uses Harmonics. It shows the levels in a little bit different manner than the Ichimoku Chikou span, perhaps it is good to look at both charts to get a good interepretation of where these levels may be.

Summary

Gold is still deciding which way to go and at present is stuck within a range. no trend apparent.

News

I have gathered a couple articles which you may find of interest.

Gold Is Back in Fashion After a $15 Trillion Global Selloff - Bloomberg
Sun, 24 Jan 2016 21:16:45 GMT
“People have become complacent about risks, whether it's macroeconomic and geopolitical,” said George Milling-Stanley, the Boston-based head of gold investments at State Street Global Advisors, which oversees $2.4 trillion. “What's out of fashion may ...

Flexible norms to make gold scheme glitter - The Hindu
Sun, 24 Jan 2016 19:08:01 GMT
The government has made a slew of changes in its gold monetisation scheme to make it more flexible and attractive. Since the scheme was introduced two months ago the government has collected over 900 kilos of gold. The new norms issued by theﾠ...

Are Gold Bugs Coherent? - ValueWalk
Sun, 24 Jan 2016 20:50:00 GMT
We use wavelet models to surface the relationship between gold miners stock prices and the price of gold. We find that there is little relationship in the short run but some significant and long standing long run relationships. Gold prices appear to ...

Gold In A Non-Zero Interest Rate World - Seeking Alpha
Sun, 24 Jan 2016 12:02:10 GMT
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no ...

Currency reset is more likely than China to goose the gold price - Gold Seek
Sun, 24 Jan 2016 17:42:00 GMT

"I know there's little chance GATA would ever say 'uncle,' but I'm sure that no followers of GATA would mind if you said simply, 'Wake us up when the Chinese take control of the price of gold.' For that seems to be the only counter to all the price ...

Canadian Dollar Update As At January 23, 2016

2016-01-23T02:24:00.000-05:00

What Is Happening With The Canadian Dollar?

Background.

The Canadian Dollar has had a nice bounce up in the past couple days and for sure people want that to continue.

Prices for food are skyrocketing and there is little relief in sight as most produce and vegetables are imported at this time of year.

The Loonie has been buoyed by a rise in the price of oil and a bit of weakness in the US Dollar.

Currency wars have been active quietly for many months. As China attempts to rescue its economy and increase production, there have been manipulations of the Yuan.

In addition many other countries are attempting to use interest rates as a tool to stimulate their economies.

Resources world wide are suffering from lack of deman as the worldwide economic slowdown persists.

Some interesting things have been developing in countries against which the Loonie trades, the next couple weeks will be interesting to determine the direction of the Loonie.

The Canadian Dollar is a component of the US Dollar Index, naturally the Loonie is reflected in that index and that index affects the value of the Loonie.

It looks like there is some divergence on these charts of the USDX and it appears to meet pretty stiff resistance to going much higher, which leads me to believe that the US Dollar is about to fall back which will improve the value of the loonie.

Because there are so many economies involved and because each can change their interest rates without warning, it is very difficult to manipulate the value of the Loonie with interest rates alone.

Three Charts to look at:

We have a weekly chart and a daily chart of the US Dollar index.

Both of these charts show some bearish divergence which is good news for the Loonie.

This next chart shows a pretty strong indication that the Loonie is about to rise

This is a Monthly Chart of the USDCAD currency pair and pretty [plain on there is the bearish pattern.
What makes this pattern more valid than most is that it covers a period of many years, about 15 years.

Long term, the US Dollar will be falling against the Loonie and relief for Canadians.

In the short term, there will be some volatility and we may see the gains of this week wiped out within the next week.

Video

This video contains a number of charts of currency pairs which involve the Canadian Loonie. There are several pairs involved and different time frames.
It appears to me from all of these patterns that the Loonie will soon be appreciating in value.

Here are some articles that contain some interesting views, Many people are becoming experts as to Canada’s finances.

US dollar net longs slip; yen longs rise again -CFTC, Reuters - Reuters
Fri, 22 Jan 2016 21:23:49 GMT
NEW YORK, Jan 22 Speculators reduced bullish bets on the U.S. dollar for a fourth straight week, as net longs fell to their lowest level since late October, according to Reuters calculations and data from the Commodity Futures Trading Commission ...

UPDATE 1-Canada inflation rate rises in December as food costs surge - Reuters
Fri, 22 Jan 2016 13:43:00 GMT
OTTAWA Jan 22 Canada's annual inflation rate rose in December as food prices surged, Statistics Canada data showed on Friday, suggesting the impact from the lower Canadian dollar was being felt. The annual inflation rate ...

The Big Shortfall: It's all about the economy as Parliament returns - Ottawa Citizen
Fri, 22 Jan 2016 19:35:36 GMT
commodity prices, a dipping Canadian dollar, sluggish economic growth and costly campaign promises are proving a mammoth financial headache for the government, and, with Parliament set to resume Monday, could soon be a political one as well ...

Fall in USDCAD just a correction, not a trend change - TradingFloor.com
Fri, 22 Jan 2016 16:18:39 GMT
trade idea highlights the foolishness of picking a bottom in a falling market where there is absolutely no evidence that the downtrend is pausing. It was based on too many assumptions rather than facts. The other major failing is that the author ...

Beat the loonie: Deals for Canadians travelling abroad - National Post
Fri, 22 Jan 2016 13:01:53 GMT
the Canadian dollar hovering below 70 cents, it's a tough travel world out there. Trips to traditional sun spots favoured by Canadians are proving outrageously expensive. Luckily, there are tricks you can use to soften the blow and deals to be had ...

Canadian wine prices may be on the rise as low loonie crushes wine makers - bnn.ca
Fri, 22 Jan 2016 12:37:53 GMT
There could be a pleasant finish for local wine makers – the low loonie is making Canadian wine more appetizing to U.S drinkers. “Fifty percent of our products are exported across the world,” said Slingerland. “Our wines over the last three years are ...

Jobs cut, loonie's rut & oil's glut: BUSINESS WEEK WRAP - CBC.ca
Fri, 22 Jan 2016 23:01:30 GMT
Layoffs were a dominant theme this week as two major Canadian companies announced plans to cut back on jobs. First it was PotashCorp announcing plans to shut a potash mine in New Brunswick, putting 430 people out of work. In a town where theﾠ...

Divergence Trading Strategy With Renko Bars and The Awesome Oscillator

2016-01-22T04:10:00.000-05:00

This Renko Divergence Trading Strategy is most simple!

We are going to use a Renko Chart and the Awesome Oscillator to demonstrate this Trading Strategy as shown in this chart.

As you can see this chart has only the Awesome Oscillator and Renko bars, a simple setup.

About the Awesome Oscillator.

This indicator is designed to reflect market momentum, that is , the speed of the price moving higher or lower. How it measures momentum is by subtracting the difference between the midpoints of the 34 simple moving average and the 5 moving average and plotting the difference as a histogram. The bars in the histogram are colored, red and green. The reason for the coloring is to illustrate increasing and decreasing momentum
.
There is a lot of information to be gleaned from the behavior of this oscillator.
It can confirm the current trend. As it crosses the zero line it indicates the trend changing direction.
It can point out a divergence between the oscillator histogram and the price.
It is also used by some traders in their Elliot Wave Analysis.
For purposes of our discussion we will limit to how to use this indicator to detect divergences.
And we are going to discuss Regular Divergences, bullish and bearish.

In order to detect divergences we have to observe the price bars and the oscillator. We have to pay particular attention to Higher Highs and Lower Lows.
Each time the price makes a higher high or a lower low, we have to see what happened with the Oscillator – did it make a higher high or a lower low.

Bearish Regular Divergence

Let us assume that price has made a higher high and that the oscillator has made a lower high. That is a tip that momentum has decreased and a warning that price may start to decline.
We draw a line on each connecting the tops.
Indeed the price may be starting to decline, we will wait for entry until the oscillator histogram crosses the zero line before entering a trade.
Our trade may be short lived for the reason that the trend on higher time frames may be bullish and this divergence is merely a retrace. We can re-enter, if such is the case, as the histogram crosses the zero line upwards.

In the picture you can see the lines drawn on the price bars and on the histogram. You can also see that this entry would have been unproductive as price was wandering without direction.

Bullish Regular Divergence

This kind of divergence is similar to the bullish except we will be observing the lows of the oscillator and the price bars.
We will draw lines connecting the lows and watch for a discrepancy.

You can see in this picture the lines connecting the bottoms and the divergence between the price lows and the histogram lows.
Of interest is the change in momentum shown by the decreasing lengths of the bars in the histogram, We can see that the momentum in the downtrend is decreasing as price slows its bearish thrust.

Definitely use a stop loss with this type of trade,we never can be sure as to what the market is going to present as soon as a trade is entered, we have to protect our account.
Some traders endure many small losses as their stops are often hit and then they score well on a huge move.

That gives the basics of the Renko Awesome Oscillator Trading Strategy.

These setups occur on every instrument almost every day, we just have to have a few charts open and observe the higher highs and lower lows to earn an excellent income.

Enjoy!

Ichimoku Trading Strategy

2016-01-21T03:33:00.000-05:00

What Is Ichimoku Kinko Hyo?

Ichimoku Kinko Hyo is an approach to a trading strategy that combines a series of moving averages. While its display on a chart may be overwhelming at first glance, an experienced user can quickly determine the position of the market from the display.

Lets examine the components of the Ichimoku Trading Strategy.

There are 5 components and we need to understand how they are built.
Tenkan sen
Kijun sen
Chikou Span
Up Kumo
Down Kumo

Tenkan sen:
This is a moving average derived by calculated the midpoint between the highest high and the lowest low over the past 9 periods.
On my charts the Tenkan sen is shown by a red line

Kijun sen:
Similar to the Tenkan sen, the Kijun sen is derived by calculating the midpoint between the highest high and the lowest low over the past 26 periods.
On my charts the Kijun sen is shown by a blue line

Chikou Span:
The Chikou Span is calulated by taking the Current closing price and shifting it backwards by 26 periods.
On my charts the Chikou Span is shown by a lime green line.

Kumo The Ichimoku Cloud
The Ichimoku Cloud or Kumo is made up of two lines, the Senkou Span A and the Senko SpanB.
Senko Span A is built by forward shifting today’s close by 26 periods
Senko Span B is built by taking the highest high and the lowest low for the past 52 periods and forward shifting it 26 periods.
Between these two lines is shading that forms the Ichimoku Cloud or the Kumo.
This Kumo allows the trader to quickly visualize support and resistance.

What Do These Ichimoku Components Look Like?

We can look at some charts and I will add one component at a time.
First is the Tenkan sen represented by the red line.

To this chart we will add the Kijun sen which is a blue line.

You can see how these two lines interact and they can be used for entry signals. We will discuss entry signals later.

Now we will add the Chikou Span which is Lime Green on my chart.

You can see how the Chikou Span line is following price but is trailing by the 26 bars.

Now we can add the Kumo or the Ichimoku Cloud.

You can see how the Kumo is extended 26 bars into the future.

That is the composition of this chart and as we progress you will see just how powerful this arrangement can be. Once you have some understanding of this chart and its components you will understand why many traders use it for long term trading or scalping on a one minute chart.

How Can We Use This Ichimoku Trading Strategy Chart?

Let’s have a look at the Kumo first. The Kumo, or Ichimoku Cloud is a great illustration of support and resistance. The interior of the Cloud is generally regarded as a no trade zone because it is mainly a trendless area and could be subject to unforeseen volatility.

Price exiting the Kumo is generally an alert for an entry. Of course when price is above the Kumo we assume an uptrend and when below the Kumo we assume downtrend.

Quite often you will see price touch the Kumo and bounce back or price may attempt to leave the Kumo and then turn back. Often the Kumo represents strong support and resistance areas.

We have to keep in mind that the Kumo represents price action and also market volatility. The cloud will become thicker or thinner based on previous price action.

The thicker the cloud, the greater are the degrees of support and resistance. On most charting packages, the color of the cloud will invert as the trend changes.

The Ichimoku Kinko Hyo Trading Strategy is generally used for Trend Trading, there are several entry techniques which we will discuss in a future post.

The Chikou Span Demands Close Attention

The Chikou Span is a most useful feature of the Ichimoku system because it is shifted back 26 periods. It therefore gives a clear picture of the price action 26 periods ago and is easily compared to the current price action.

The unique feature is that this relationship can be used to measure what the market is doing currently. If the Chikou Span is above the price we can anticipate more bullish action and if the Chikou Span is below the current price, we can expect bearish action.

We therefore can look at a chart and depending on the relationship of price to Chikou Span, we can immediately know if the trend is up or down or consolidating.

Another amazing aspect of the Chikou Span is its ability to demonstrate Support and Resistance.

For example, we can look back 26 bars from the current bar and determine what the Chikou Span is experiencing from the present candlesticks or the Cloud or the Tenkan sen or the Kijun sen, or, perhaps a 200 moving average or a 50 moving average as those are significant ma’s for support and resistance.

This feature alone allows the Ichimoku Kinko Hyo to be used on a very fast chart, such as the one minute chart for scalping.

We can also use the Chikou Span on higher time frames to determine what support and resistance may be influencing price. For example, we may be working with a 60 minute chart and want to confirm an entry, we can look at both the 240 minute chart and the daily and even the weekly chart to determine support and resistance.

Of course we are wanting to be aware of the relationship of the Chikou Span to the other components of the Ichimoku chart as each of them, being moving averages, can be marks of support and resistance.

A couple experts discuss Chikou Span on these videos. Because the Chikou Span is so useful and important, I wanted three videos to assist people in grasping its uses.

Ichimoku Kinko HyoTrade Opportunities

The Ichimoku system offers several opportunities for trade entries. Generally a trader can evaluate each situation and classify the entry as weak or medium or strong.
In order to classify a trade, the trader will have to evaluate each aspect of the Ichimoku lines.
For each type of entry it can be either bullish or bearish and this to be qualified.
Also, support and resistance has to be examined by assessing the Chikou Span position 26 bars back.
The relationship to the Ichimoku Cloud or Kumo has to be studied.

These entries may sound complex… however, by studying the relationship of all of the parts of the system at the time of entries, a trader can assure himself of a superior entry.

Briefly a strong Bullish entry will require that price be above the Kumo, above the Tenkan sen , above the Kijun sen, the Chikou Span must be above the Kumo.
For a strong Bearish entry, price has to be below the Kumo, below the Tenkan sen, below the Kijun sen and the Chikou Span must be below the Kumo.

In addition, Momentum can be assessed based on the relationship of the Kijun sen and the Tenkan sen.
Overbought and oversold conditions can be assessed by the distance between price and the Kijun Sen.

You can see from the things described that preparation for an Ichimoku trade entry can be very thorough and also worthwhile as many inferior entries are eliminated.

The Ichimoku Kinko Hyo trading strategy can be very rewarding and profitable.

I want to present a video that was made a couple years ago by Nicole Elliot. Nicole Elliot is a long time trader who, more or less, introduced Ichimoku Kinko Hyo to the western world. In Ichimoku community she is regarded as the expert and I am pleased to have located this video.

Stockcharts.com has an excellent description of Ichimoku Trading Strategy

Ichimoku Kinko Hyo Trading Strategy has Five Areas of Support and Resistance

Each of the five lines in Ichimoku Kink Hyo is actually designed to show support and resistance.

I will discuss each now and show an example. Once a person gets used to seeing these they can easily read what is happening with the market.

Tenkan sen

The Tenkan sen on my charts is the red line, you can see that it follows price similar to a moving average. It acts as either support or resistance when price approaches it. What is interesting about this line is that the flat spots are stronger support or resistance. In other words you can look back on the price chart and see levels on the Tenkan sen where you can expect price to run into support or resistance.

Kijun sen

On my charts the Kijun sen is the blue line….. It has the same characteristics as the Tenkan sen. In fact you will often see the two lines flat in the same location indicating a strong level.

Chikou Span

The Chikou Span is the green line on my charts. This is a most powerful line for demonstrating support and resistance. The first way you can use it is to count back 26 bars from the current bar and see what is happening there…. that will be an indication as to what to expect on the current bar. You will see if the bar 26 back is running into support or resistance. The second way to use the Chikou Span is to notice where there are little hooks in it. as those all represent where price has been slowed or reversed due to either support or resistance. You can go back 20 years and find these levels using this method. You can start with a monthly chart and mark the levels and then the weekly chart and then the 4 hour chart etc, right down to the time frame that you wish to trade, to mark the levels and therefore be prepared. The Chikou Span is a most useful tool for anticipating the market.

Kumo

The Kumo is made up of two lines which I will call Up Kumo and Down Kumo, together they form the Ichimoku Kumo or Cloud. Of course both lines can be either support or resistance. The flat areas of these two lines are especially strong levels. The area between these two lines, the Cloud, is an area of past volatility and is often difficult to trade within… I prefer to not trade when price is in the cloud.

Fibonacci Patterns January 20, 2016 Crude Oil

2016-01-20T18:21:00.001-05:00

Interesting Fibonacci Patterns on Crude Oil

Crude Oil today has taken one terrible pounding and brought world markets down by a huge amount. There is tremendous apprehension as to what will follow as the new day begins in Asia.
Some important developments are revealed on the technical charts. Have a look at these Fibonacci Patterns.

First the Daily Chart

You can see that there is a Bullish AB=CD pattern which indicates the market will be turning up.
You can also see that there is CCI Divergence on the chart, Bullish Regular Divergence.

Next, The Weekly Chart

On this one is also an AB=CD Bullish Pattern, and also Bullish Regular Divergence

Note that the pattern started many months ago, on May 3, 2015 and is therefore a very strong Bullish pattern.

Now we can look at the Fibonacci Heading on the Monthly Chart

Here we have a Bullish Shark and what is interesting here is that the pattern started seven years ago…. this one is a powerful pattern.

Note the CCI indicator on this chart….There is a strong indication of Regular Bullish Divergence forming.

Summary

Yes, today there was a bloodbath, the bears clobbered world markets and drove the price of Crude to new lows. And there may be more of this. That is the bad news. On the other hand there is a recovery at hand as indicated by these Fibonacci Patterns.
Very soon we will see a reversal in this market, I expect a significant rebound as the shorts have to cover in the next few days.
There was a bit of an uptick in after hours trading today and that may continue as the Asian markets open.
In any event, by the use of Fibonacci Patterns we can evaluate what will be happening in the not too distant future.

UPDATE

As I post this, the price of Crude has rebounded to 28.56

Here are some comments about Crude Oil and markets in general.

Dow plunges, recovers more than half its losses as crude oil sinks to 13-year low - Fox News
Wed, 20 Jan 2016 21:16:43 GMT
Energy companies were pummeled as the latest fall in the price of oil threatened more damage to an industry that has already been stricken with bankruptcies, layoffs and other cutbacks. U.S. crude fell below $27 a barrel amid a global glut in oil ...

US crude falls toward $26 ahead of contract expiry - CNBC
Wed, 20 Jan 2016 21:42:00 GMT
U.S. oil recorded its worst settlement since May 2003 on Wednesday, caught in a broad slump across world financial markets with traders also fearful that the crude supply glut could last longer. U.S. benchmark West Texas Intermediate (WTI) prices forﾠ...

Crude Oil Prices In 2016: Made In China? - Forbes
Wed, 20 Jan 2016 15:42:52 GMT

The year 2016 has started on a shaky note for the commodity markets. The global benchmarks for crude oil – Brent and WTI – have plunged close to 20% since the beginning of the year, hitting their 13-year lows of under $30 per barrel, as the market ...WTI oil settles at nearly 13-year low below $27 a barrel

Does Fibonacci Show A Recovery Coming For Crude Oil?

2016-01-19T21:18:00.000-05:00

World Economy Has Been Strangled By The Price Of Crude.

Politicians around the world may be getting a break soon from their failing economies. The Fibonacci Patterns are showing that better days are coming for crude oil.

The Fibonacci Pattern shown on this chart is the very reliable AB=CD pattern and is a strong indication that the market will turn bullish.

Normally thjis pattern will offer a significant retrace.

Once the price action turns bullish , a trader can enter the market with relatively low risk.

The use of a trailing stop and a hard stop loss is recommended in such a volatile market as Crude Oil.

What Can We Expect Regarding Price Improvement From This Fibonacci Pattern.

A look at this chart will show that price can be expected to retrace soon to the 0.618 Fibonacci Level or approximately $42.00 in the not too distant future.

After that, price may keep climbing to much higher levels, however world politics may temper the rise.

This next chart shows both the daily and weekly with the Fibonacci tool applied.

More on the AB=CD Fibonacci Pattern

This pattern is a reliable reversal pattern and gives traders a warning so that they can enter the market with some degree of confidence.
Simply described as having three legs, two of the legs are equal in length.

This pattern does not appear often on Daily charts, however when it does appear many traders pay close attention on following days as they know a change in direction is at hand.

Fibonacci Patterns as at January 19, 2016

2016-01-19T01:03:00.000-05:00

This video shows some current Fibonacci Patterns in place as January 19, 2016.

These patterns are definitely not foolproof, however they do give an indication as to what may be occurring in the near future.

Any entry would have to be confirmed by price action or by other indicators.

Here is another video showing patterns on daily charts.

There looks to be some excellent opportunities for good trades about to appear.

Again..... trade entries have to be confirmed by price action.

Be sure to use a reasonable stop loss and perhaps a trailing stop on all entries in such a volatile market.

Trading Strategy

2016-01-19T00:24:00.000-05:00

A summary of Trading Strategy posts.

January 16, 2016

Renko Ichimoku Trading Strategy as at January 15, 2016

Showing some entries using the Ichimoku Cloud
Read More

January 4, 2016

CCI Scalping, Revisiting the CCI SlingShot

Using the CCI6 and CCI14 to make continuation entries
Read More

CCI Divergences to Have a Look At January 4, 2016

CCI Divergence Entries
ReadMore

December 24, 2015

Ichimoku Renko Trading Strategy (2)

Current entries using this strategy
Read More

April 5, 2014

Bill Williams Alligator (Chaos) System
An Introduction to this old favorite and Automated with Forex Strategy Builder
Read More

April 4, 2014

Forex Trading Strategies

An introduction into the prospective coverage areas of this blog, Trading Strategies.

Read More

Bline System

An excellent Day Trading Strategy that emphasizes the usage of Stochastics

FTSE IS Showing a Bullish Alt Three Drives Pattern

2016-01-18T06:08:00.001-05:00

This Fibonacci Pattern on the 240 minute chart could be showing the end of the drop in the FTSE.

The Bullish Alt 3 Drives Fibonacci Pattern, not as precise as the regular 3 Drives Pattern is nonethe less based on significant Fibonacci numbers.

As you can see in the chart, this pattern has sequence of .886 1.618 and 1.272 which are generally regarded as significant in the formation of a Fibonacci Pattern.

This particular Pattern spans the period from the end of September until now making it a relatively strong Pattern and I expect to see the price on the FTSE start to move higher in coming days.

The FTSE index is an Index of 100 companies listed on the London Stock Exchange. For more information on the Index you can refer to Wikipedia at this page.

I am attaching a weekly chart which shows two things…..

Notice the Bullish Divergence on the Macd Histogram and the double bottom…… two signs that the decline is about to end.

Renko Ichimoku Trading Strategy As At January 15, 2016

2016-01-16T00:56:00.003-05:00

Three Trades as Easy As Pie!

This is one of the simplest trading strategies. The Renko Ichimoku strategy requires very little in the way of indicators and, as you can see, it is a visual technique.

As you can see on the chart are Renko Bars, the Ichimoku Cloud, and in the lower chart is the CCI indicator.

Actually, the CCI is unnecessary for this trade entry, I use it for spotting divergences.

We just have to wait until price crosses the Ichimoku Cloud for an aggressive entry, or for a more conservative entry we can wait until the blue line crosses as well

Often when the price bars rise up to the blue line, we can add to our position.

Those Renko bars are ten pips. so these entries are lucrative.

The requirement for these entries is patience.

For information on Ichimoku Kinko Hyo see this page

Update

Here is a great example as to how powerful this method can be,

I want to share a chart from this past week showing a tremendous entry over two days.

This is CADJPY and the distance traveled is about 300 pips.

Not bad for a couple days of patience.

GBPCHF As At January 15, 2016

2016-01-15T23:56:00.000-05:00

Today we saw quite a drop in this pair.

Price has fallen through support and may well be continuing when the markets reopen

We have a small divergence between the price and the oscillator which may indicate that the fall will stop or at least slow down

Some Factors.

As time passes, Britain is going to have to decide whether or not to leave the European Union. This is causing anxiety in Europe and also with the institutional traders.

A slower growth outlook is putting strain on the value of the pound.

Many large firms are starting to target the Pound for greater losses:

Some Commentary:

USD/CHF, EUR/CHF, GBP/CHF, AUD/CHF: Technical Outlook - FX Empire
Wed, 13 Jan 2016 11:49:00 GMT
Repeated failures to surpass 1.5530-70 horizontal resistance-line, encompassing highs marked September 2014 and the January and November 2015, dragged the GBPCHF below 200-day SMA; however, the pair recently bounced from 1.4400 – 1.4390ﾠ...

Breaking: Turkish Regulator Reduces Leverage for Small Accounts - Finance Magnates
Thu, 14 Jan 2016 20:21:00 GMT
In addition, other currency pairs, including the GBPUSD, GBPCHF, USDCHF, among other instruments, will have their maximum leverage limited to 25:1. However, for new or current accounts greater than the 20,000 TRY threshold, the max leverage for theﾠ...

Growing Minority Sees British Pound Heading to Level of Thatcher Era - Bloomberg
http://news.google.com Fri, 15 Jan 2016 16:52:11 GMT
The pound is quickly running out of friends. And its biggest enemies see the British currency falling to levels last seen during the reign of Margaret Thatcher. Deutsche Bank AG last year was already predicting a plunge in 2016 to $1.27, a level that ...

British Pound Decline v US Dollar and Euro Continues Despite Sanguine Bank of ... - Pound Sterling Live
Fri, 15 Jan 2016 07:44:00 GMT
It is no wonder then that the British pound exchange rate complex is one of the worst performers in 2016. Money markets have pushed back expectations for the first interest rate rise to 2017; sterling has fallen in sympathy. “The case for an early move ...

Could the British Pound Be Heading to 1985 Levels? - Yahoo Finance
Fri, 15 Jan 2016 15:10:27 GMT
Could the British Pound Be Heading to 1985 Levels? by Bloomberg Video 5:12 mins. Jan. 15 -- James Bevan, chief investment officer at CCLA Investment Management, discusses the outlook for the U.K. economy and probability of a weaker British pound.and moreﾠ»

GBPUSD Update As At January 15, 2016

2016-01-15T14:30:00.000-05:00

GBPUSD Is Tanking Today!

We are seeing a negative side today, the US pairs are sinking.

There are many factors causing this, one of them being the oil surplus.

Asian markets are giving concern to traders everywhere.

Today’s decline was a surprise to some, many had felt there was some stability.

Here are some comments.

GBP/USD: In Need of Confirmation - DailyFX
Thu, 14 Jan 2016 15:44:40 GMT
GBP/USD: In Need of ConfirmationDailyFXGBP/USD rebounded off an important long-term trendline earlier in the week as pointed out by Jamie Saettele (read HERE). This so far successful test of support roughly coincided ( /- 2 days) with the measured move in time of the 2014 – 2015 decline in ...

GBP/USD Oversold Ahead of BoE- Will Governor Carney Talk Up Cable? - DailyFX
Thu, 14 Jan 2016 07:01:43 GMT
Future Currency ForecastGBP/USD Oversold Ahead of BoE- Will Governor Carney Talk Up Cable?DailyFXEven though the Bank of England (BoE) interest rate decision is likely to reveal another 8-1 split within the central bank, the fresh comments may boost the appeal of the sterling and spur a near-term rebound in GBP/USD should the committee change its ...

GBPUSD moves off low. Still lags. - ForexLive
Fri, 15 Jan 2016 14:49:00 GMT
ForexLiveGBPUSD moves off low. Still lags.ForexLiveThe GBPUSD remains the laggard. Yesterday the pair eked out a gain for the day. It was the second up day in 13 days. The problem? It was only up by 6 pips. Not exactly a race higher. Today, the pair tried to build off the higher close but failed. When ...

Forex technical analysis: GBPUSD tests and breaks quickly below 1.4300 - ForexLive
Fri, 15 Jan 2016 16:28:00 GMT
ForexLiveForex technical analysis: GBPUSD tests and breaks quickly below 1.4300ForexLiveIn an earlier post, I spoke of the bare minimum the GBPUSD price had to do. That was to get and stay above the 100 bar MA. The pair tried, but it just could not do it, and the move into the Friday 4 PM fixing was to the downside. The pair is now making ...

Forex Analysis of Majors – EURUSD and GBPUSD - FX News Call
Fri, 15 Jan 2016 11:19:02 GMT
FX News CallForex Analysis of Majors – EURUSD and GBPUSDFX News CallIn contrary to EURUSD, GBPUSD lost the ground and submerged below the 1.4359 (yesterday's low) level. Now the pair is very near to make a fresh six-year low. This pair needs to travel below the 1.4230 level to make a fresh 6-year low. On the 15 minuteﾠ...

GBP-USD almost flat after BOEs unchanged monetary policy - EconoTimes
Fri, 15 Jan 2016 05:40:00 GMT
GBP-USD almost flat after BOEs unchanged monetary policyEconoTimesDropping below the $1.44 mark confirmed the bearish bias, with a further decline possible toward $1.42 in the near term. In the bigger picture, a break of $1.4346 will open the doors of $1.4200 mark. Major support falls at $1.4272 and $1.4226 levels.

Is The Loonie Headed To 60 Cents?

2016-01-15T13:08:00.000-05:00

How Much Further Will The Loonie Drop?

Canadians are being punished severely for serious economic blunders and decisions made by their former Conservative Government.

Prices for food are skyrocketing and the worst is yet to come.

While the former finance minister was so adamant that Canada’s economy was in great shape, all along the economy was evaporating.

Today Canadians are paying a hell of a price for the government bungling.

Government policies have allowed offshore corporations to rape Canada and steal its resources, now there is nothing in the way of reserves.

Even the taxation has been sloppy as wealthy Canadians have been allowed to move their funds offshore to escape taxation.

Government policy has been to audit people such as birdwatchers while they find ways to benefit the wealthy.

Indeed, Canada was left in one jackpot by the prior government and it will take generations to restore the standard of living for Canadians if that is even possible.

Here are some articles about the state of the Canadian Loonie.

Canadian dollar dips below 69 cents US as oil resumes slide - CBC.ca
Fri, 15 Jan 2016 16:29:23 GMT
Canadian dollar was also down against the euro, the British pound and the Japanese yen. On the commodity markets, February crude oil futures were trading at $29.20 US a barrel, down $2 from Thursday's close. The falling price of crude — from moreﾠ...

Crippled Canadian dollar in free-fall, plunges below 69¢ - The Globe and Mail
Fri, 15 Jan 2016 14:42:39 GMT
was a “huge move” in the Canadian dollar just around the time the London market was opening, said Royal Bank of Canada currency strategist Adam Cole. The loonie was again pressured by oil prices, the risk-averse nature of the markets, andﾠ...

Amid loonie dip, Pacific Northwesterners go to Canada to get more for their money - KIRO Seattle
Fri, 15 Jan 2016 02:48:47 GMT
because the Canadian dollar -- the Loonie-- isn't going far at all. Over the summer it dropped to about 80 cents on the dollar. That's when people like Moorehead started to really notice a change in his passenger demographics, and this winter ...

Canadian Dollar Falls Below 69 Cents U.S. In Longest Losing Streak Since It ... - Huffington Post Canada
Fri, 15 Jan 2016 13:35:52 GMT
-- The Canadian dollar was trading below 69 cents US early Friday for the first time since 2003 as crude oil futures dropped below US$30 a barrel and overseas stock markets fell sharply. The loonie traded as low as 68.74 cents US about five ...

Canadian Dollar Forecast: Oil Prices and Long-Term Weak Inflation - Exchange Rates UK
Fri, 15 Jan 2016 16:31:55 GMT
crude oil trades below $30, the commodity-correlated Canadian Dollar exchange rate continues to struggle against damp demand. The latest CAD exchange rates have also suffered after the Bank of Canada's (BOC) winter Business Outlook Surveyﾠ...

Who Needs A Trading Plan?

2016-01-14T02:17:00.003-05:00

One of the greatest tools that a trader can use is a trading plan.

A trading plan is similar to a map. It will help us get to our goal.

The markets offer many alternatives and many distractions daily. A trading plan can be like a ship's rudder and help us to stay on course.

I have made a couple lists with some criteria that you can maybe use to evaluate and construct your trading plan.

Canadian Loonie Being Demolished

2016-01-12T18:31:00.000-05:00

A Disaster for Canadians

The victim of ten years of atrocious economic management and deliberate obfuscation by supposed economists and petrostate illusionists, Canada is now in a deep hole.

Buying power of the Canadian loonie has been decimated in recent months, jobs are few and far between, manufacturers are fleeing.

The government is plagued by many consecutive years of deficits, all caused by a form of corporate welfare and a lack of vision.

Canada has been bereft of sound economic planning for the past ten years even as the government was headed by a supposed 'economist'.

Ten years of deficits and smaller revenues on the horizon leave the new government few alternatives.

Selling out resources to off shore corporations puts Canada at the mercy of foreign government policies.

Multiple disadvantageous trade agreements will scar Canada for generations to come.

Here are some comments on this egregious mess

Canadian dollar sinks below 70¢ as oil dips under $30 - The Globe and Mail
Tue, 12 Jan 2016 19:15:26 GMT
The loonie dipped under the 70-cent (U.S.) level, touching as low as 69.9 cents, having rallied earlier to as high as 70.5 cents. It was hovering at just above 70 cents by late afternoon. The currency has been largely hit by oil prices, which dipped ...Canadian dollar dips below 70 cents U.S. for first time since April 2003

Canadian dollar dips below 70 cents US before recovering - CBC.ca
Tue, 12 Jan 2016 21:39:21 GMT
The Canadian dollar has dropped below the 70-cent US level for the first time since May 2003. When stock markets closed on Tuesday, the loonie was changing hands at 70.13 cents US, down by about a fifth of a cent after earlier dipping below the 70-centﾠ...Canadian dollar dips below 70 cents US for first time since 2003

Cheap Canadian dollar making fruits and vegetables much more expensive - CBC.ca
Tue, 12 Jan 2016 13:43:31 GMT
The sliding loonie could make it harder for some Canadians to eat their Florida oranges or California heads of lettuce this year. The dropping dollar, which is hovering just above the 70-cent U.S. mark, is expected to continue to leave shoppers with ...Here's how much more Canadians will have to pay for fruits and veg because of ...

The Canadian dollar is getting crushed - MarketWatch
Tue, 12 Jan 2016 20:16:28 GMT
Crude-oil prices resumed their slump Tuesday—and they're dragging the currencies of oil exporters down with them. And while the currencies of all major exporters have been hurt by oil's punishing drop, over the past month, the Canadian dollar hasﾠ...

Report: Canadian Dollar Continues to Decline - Today's Slapshot
Tue, 12 Jan 2016 19:20:03 GMT
When the NHL Board of Governors released their initial projections for the 2016-17 salary cap, it appeared that the league would see an uptick in the salary cap ceiling – based on the Canadian Dollar sitting 80 cents on the American Dollar, down a ...

Some win, some lose as Canadian dollar drops - Times Colonist
Tue, 12 Jan 2016 18:39:34 GMT

Some win, some lose as Canadian dollar dropsTimes ColonistVancouver mining company Teck Resources credits the low Canadian dollar for helping the company weather the downturn in commodity prices, with the company able to sell its copper and coal at U.S. prices while pay operating costs in Canadian.

10 More Questions To Ask Your Forex Broker

2016-01-11T22:36:00.000-05:00

How Well Do You Know Your Broker?

The people trading in the Forex market at this time have been reluctant to learn the policies and rules established by the various brokers.

To their dismay, many people get to learn the hard lessons after they have committed funds to their account.

One only needs to see the complaints on various websites to know that many supposed Forex brokers are quick to seize accounts, quick to change spreads, quick to disqualify trades.

We have to know that the game is not necessarily to favor the small retail trader and once the broker has your money, you have very little in the way of recourse.

Be sure to have a look at this page also, there is another list of questions.

15 Questions To Ask Your Broker

2016-01-11T19:34:00.001-05:00

How Well Do You Know Your Broker?

As we go about our trading business from day to day, we probably do not pay much attention to the qualities of the broker we use.
We have little or no idea as to where their office is, where their bank is, or how safe our funds are.
We do know that the broker has a fancy website that promises all sorts of good things, and we have no idea if any of it is true.

What do we do with these?

These are the basis for a preliminary interview to allow you to conduct an investigation.
Before you entrust your funds to a broker, it is best that you understand what is going to happen.
You can ask these and similar questions of a few brokers to allow you to get an idea as yto what to expect

To Do

Now that you have some idea as to what you can ask to get the broker to disclose to you…… you can get started.
And once you have asked three or four brokers some questions, you will have a better idea as to which broker you prefer to deal with and why.

In a future post I will add more questions.

Update Ten More Questions on this page CLICK

Good Trading!

Gold Price Analysis As At January 10, 2016

2016-01-10T16:50:00.000-05:00

The past week has seen a lot of fluctuation in the Gold Price and there has been news as to China purchasing a gold vault at the London Metals exchange which would indicate more participation by that country in the gold markets.

I am attaching a chart of Gold showing a bearish Shark Pattern which may be a good indication that we will see the price of the metal fall in coming days

Here are a couple articles I culled from the net with some information re Gold markets

China just destroyed this 120-foot-tall gold statue of Chairman Mao - Washington Post
Fri, 08 Jan 2016 15:47:43 GMT
It was certainly an audacious project. The 120-foot-tall statue of Mao Zedong, the much-loved and much-feared Communist revolutionary who built modern China, was said to have cost entrepreneurs half a million dollars to build. That the statue was built ...Mao statue in China 'pulled down by authorities' after 120ft gold giant is ...The IndependentGiant gold-painted statue of Mao Zedong 'demolished' in ChinaABC OnlineChina destroys Mao Zedong's giant gold-painted statue

Gold price up, silver constant - Himalayan Times
Sun, 10 Jan 2016 02:38:42 GMT
The rate of the precious metals in the domestic market is governed by its price in the international markets. The market opened on Sunday with gold price fixed at Rs 47,800 a tola. The price of the precious yellow metal edged up by Rs 200 per tola on ...

Gold price increases as dollar drops - Kuwait News Agency
Sun, 10 Jan 2016 11:08:44 GMT
KUWAIT, Jan 10 (KUNA) -- Gold price posted signifcant hike during last week's trading to exceed USD 1,100 per ounce after a drop in the US dollar compared to the major currencies, according to a report issued by ICN electronic economic Corporationﾠ...

Gold Price Higher In Most Currencies in 2015 – Up 4% This Week - The Market Oracle
Fri, 08 Jan 2016 16:19:41 GMT
Gold performed its traditional role as hedge against currency depreciation again in 2015. Many currencies saw sharp losses and concurrent gold price gains. This trend has continued in the first week of 2016, with gold up by more th

Gold Analysis As At January 8, 2016

2016-01-08T20:02:00.000-05:00

Which Direction For Gold? What Analysis Is Best?

With the Gold price closing today at approximately $1,104.00 many people are starting to wonder the longer term direction. There are bearish and bullish factors to be included in any analysis.
The Federal Reserve is scheduling rate increases for 2016 and those may be bearish for the Gold price.
"The United States continued to import large volumes of gold jewelry in October," Erica Rannestad, senior analyst of precious metals demand at GFMS, said in an email late on Wednesday.

Gold has had a move higher in the past few days and then, today eased back. However, the result is a higher price than last week.

As this chart from Bloomberg shows, Gold is correlated with the Asian markets, as Asian markets rise, Gold falls and vice versa.

Technicals

These charts are using the Ichimoku Cloud, Harmonics to show Resistance and the Commodity Channel Index to show Divergence.

I have a couple charts here.

Price has met resistance as it tries to move through the Ichimoku Cloud. We will see next week if there is going to be momentum to rise further.

Similarly price has retreated from the Harmonic line.

This Commodity Channel Index chart shows a couple Bullish Divergences which were probably a clue to the rise in price.

One more chart should be added here, a chart showing a Bearish Fibonacci Pattern. We may see a reversal in the next day or two based on this pattern.

Summary

The jury is still out regarding the direction for Gold Price, however there seems to be a bearish attitude at this time. The rise in the past few days seems to reflect the correlation with Asian Indices, traders running for cover as the Chinese markets fluctuate.
The daily charts show a double bottom which may indicate that a rise is about to occur, however, it is too early to know if it will be significant move.

A couple articles with some further insights into Gold.

Gold price: fears the 'safe-haven' rally is over - The Week UK
Fri, 08 Jan 2016 11:04:28 GMT
The Week UKGold price: fears the 'safe-haven' rally is overThe Week UKThe spot gold price touched $1,112 during the session in Singapore, its highest since the beginning of November, but fell back sharply to around $1,097 this morning amid a recovery for Chinese equities after Beijing allowed some appreciation in the yuan.Gold Rises Again Amid Global Market TremorsWall Street JournalGold hits nine-week high as China worries hit stocksCNBCGold futures score five session gains in a row

Anxious Over Global Market Turmoil? Here Are Your Best Gold Investments Now - TheStreet.com
Fri, 08 Jan 2016 18:14:00 GMT
TheStreet.comAnxious Over Global Market Turmoil? Here Are Your Best Gold Investments NowTheStreet.comWith Chinese markets holding global equities hostage -- once again -- and the dollar falling as well, gold has hit a nine-week high. The logic for this upswing is simple: Investors are channeling money into what they believe are safe, hard assets that ...Gold falls further from nine-week high after upbeat US data

Gold slides, but scores best weekly gain in over 4 months - MarketWatch
Fri, 08 Jan 2016 19:49:00 GMT
MarketWatchGold slides, but scores best weekly gain in over 4 monthsMarketWatchGold futures settled lower on Friday for the first time in six sessions after a better-than-expected U.S. employment report buoyed the dollar and dulled some of the metal's investment appeal. For the week, however, gold scored a gain as investors ...

Silver Seen Beating Gold as Ratio Rises to Near Historical Peaks - Bloomberg
Fri, 08 Jan 2016 12:36:56 GMT
Silver Seen Beating Gold as Ratio Rises to Near Historical PeaksBloombergGold has fared better this week as global market turmoil and geopolitical tension in the Middle East and Asia prompted investors to seek a haven. Silver has lagged because industrial uses account for half of its demand, compared with about 10 percent ...and moreﾠ»