Brief discussion on application of ‘market structure’ concepts to recent price action on USDCHF, together with relevant charts.
In the last 5 years, there were approx 12,400 competitive football matches across the English Premiership & Championship, the Italian Serie-A, the German Bundesliga, the Spanish La Liga, and the group stages of the UEFA Champions League and Europa League.
In 6,484 of those games one of the teams took a 2-goal lead during the game. Within this sub-group, the leading team failed to achieve a victory in 438 cases at the end of 90 minutes.
How does this relate to trading? Continue reading
Experience-sharing: Going through some tedious work trying to get my head around various currency futures contracts, correlation with spot products and making sure I am using all the data correctly in back-testing and optimizations.
Comments on TradeStation’s ‘Portfolio Maestro’ product add-in.
Briefly highlighting some of the trading development work and meetings with various traders I got done over the last week (and a glimpse from my Halloween outing!).
This discussion outlines the benefits, based on my own experience, of using a proper application for testing a discretionary trading strategy for the financial markets.
The discussion focuses on the ForexTester3 application, simply because I have used it extensively, however the benefits, pros and cons discussed are quite generic, regardless of the application used. Continue reading