Support occurs when falling prices stop, change direction, and begin to rise. Support is often viewed as a “floor” which is supporting, or holding up, prices. Resistance is a price level where rising prices stop, change direction, and begin to fall. Resistance is often viewed as a “ceiling” keeping prices from rising higher. If price
Evaluating Trading Strategy Performance Metrics: A Comprehensive Overview When assessing the effectiveness of trading strategies, a set of key performance metrics provides valuable insights into their profitability, risk management, and overall robustness. The Profit Factor is a fundamental metric that compares the gross profits to gross losses. For instance, if a strategy has a Profit
Forex traders utilize Fibonacci retracements to aid in identifying possible key levels of support and resistance. These levels are used as guidelines for traders looking to enter or exit the market along with appropriate risk management techniques. HOW TO CREATE A FIBONACCI RETRACEMENT ON A FOREX PAIR Before delving deeper into practical examples, traders need to have a
EUR/USD: Day of Thanksgiving and Week of Contradictions ● Reminder that the American currency came under significant pressure on November 14 following the release of the Consumer Price Index (CPI) report in the USA. In October, the Consumer Price Index (CPI) decreased from 0.4% to 0% (m/m), and on an annual basis, it dropped from
The Bitcoin blockchain reached $11.6 million in fees paid on November 16, with the average transaction fee increasing 746% year-over-year. READ TOO The Outlook for a $36,492.20 Bitcoin Exchange-Traded Fund (ETF) soon to be approved in the United States has increased demand for the leading cryptocurrency, leading to an increase in transaction fees. The Bitcoin
Please note that this is not financial advice! Let’s start with a hard truth, ALL grid based systems eventually end in a margin call / blown accounts. It can happen tomorrow or it can happen in 10 years from now. It really depends on the market. No algorithm, no matter how sophisticated, can with 100% certainty predict how the
Introduction GAN-Perceptron-XOR, also known as G.P.X, is an exceptional trading system that harnesses the power of Generative Adversarial Networks (GAN), Perceptron, and XOR operations. It is designed to create a robust trading tool capable of generating high-quality market data and trading signals, and making highly accurate predictions. Firstly, it utilizes a Generative Adversarial Network (GAN)
Good evening. Today I traded according to the signals of my indicator. Trading the EURCHF pair on the M1 timeframe. Great result, today I earned $ 28. Buy signal: up arrow. If there are open sell positions, they need to be closed. Sell signal: downward arrow. If there are open buy positions, they need to be closed. There are situations when several
Cryptocurrencies will break out of their bubble and reach critical mass thanks to layer 2 blockchains – and a few other factors. READ TOO After 2021, we entered an era in cryptocurrencies where people stopped just talking about financial decentralization and started broadly discussing the tokenization of everything, thanks in part to non-fungible tokens (NFTs).
What is the Stochastic Oscillator? The Stochastic Oscillator is an indicator that compares the most recent closing price of a security to the highest and lowest prices during a specified period of time. It gives readings that move (oscillate) between zero and 100 to provide an indication of the security’s momentum. The stochastic readings
