Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
-
Welcome Guests
Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.
All Activity
This stream auto-updates
- Yesterday
-
GDDY Godaddy stock, watch for a top of range breakout above 167.17 at https://stockconsultant.com/?GDDY
-
MHK Mohawk Industries stock watch for a top of range breakout at https://stockconsultant.com/?MHK
-
OXY Occidental Petroleum stock watch, back to 51.17 double support area with high trade quality at https://stockconsultant.com/?OXY
-
AQST Aquestive Therapeutics stock watch for a narrow range breakout above 5.32 at https://stockconsultant.com/?AQST
-
WMT Walmart stock, watch for a flat top breakout above 81.84 at https://stockconsultant.com/?WMT
-
HASI HA Sustainable Infrastructure stock watch for a range breakout at https://stockconsultant.com/?HASI
-
HFMarkets (hfm.com): Market analysis services.
HFblogNews replied to HFblogNews's topic in Technical Analysis
Date: 21st October 2024. Gold at historic high, US equities nearly at record high! Asia & European Sessions: Global financial markets are being influenced by the health of the US & Chinese economies, alongside the impact of Middle East conflicts and broader geopolitical concerns.Chinese banks’ decision to lower lending rates follows a series of government measures aimed at spurring economic growth and stabilizing the housing market. Wall Street finished in the green on the day and for the week. Earnings beats added to signs of a strong economy and a pick up in big tech to boost the major averages. The Dow rallied another 0.09% to 43,275 for its 39th record high of the year. The S&P500 was 0.40% higher at 5864, its 47th peak for 2024. Asian markets showed mixed performance as investors awaited new catalysts for trading. Gold surged to a record high, $2732, with silver, palladium, and platinum also rising, driven by rising demand amid Middle East tensions and positioning ahead of the upcoming US presidential election. Oil prices ticked higher after sharp declines the previous week, as concerns eased over potential Israeli strikes on Iranian oil facilities in retaliation for a missile attack earlier in the month. Iran, a major crude producer, plays a key role in global exports, particularly to China. Lingering concerns over China’s demand have also weighed on oil prices. Big week ahead with: BoC rate decision, lots of ECB & Fed Speeches, global PMIs, US retail sales, earnings from Tesla, Verizon, Coca-Cola, IBM, Amazon.com. Financial Markets Performance: The USDIndex pulled back to 103.40. The USDJPY fell to 149.07, as the Yen strengthened for a 2nd day against the US Dollar, as traders positioned for Japan’s parliamentary election on Sunday. Polls suggest that the ruling Liberal Democratic Party and Komeito coalition could fall below the 233-seat majority threshold. Oil prices closed in the red, testing $68.69 per barrel before closing -1.8% lower at $69.37 per barrel and the weakest of the month, largely on supply concerns. Bitcoin neared $70,000 today, supported by strong inflows into ETFs ($2.4 bln) and optimism regarding US regulatory developments for the largest digital asset. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. - Last week
-
This thread is a good blast from the past. I needed some extra levels to show, so I added them. Code is attached as a text file. TS_Reg_Chan_Extra_Levels.txt
-
I never claimed to be an SEO expert, but my MS Edge browser is showing TL's url as unsecure. For me, it doesn't affect use of this site but doesn't it reduce web traffic?
-
Update to the above Post... Re-optimize your strategy periodically (as appropriate for your strategy's given trading frequency) to make sure that you're always applying the strategy in the most profitable manner as it continues to trade, e.g., re-optimize weekly, monthly, yearly, etc.
-
This may be the toughest way forward, but it may lead to the biggest reward... Reduce your trading plan to automated code. My process goes something like this: Choose an instrument, e.g., MES futures, GBPJPY, etc. Determine the best chart structure (by eyeballing the price runs) for that instrument, e.g., 10 tick Renko bars, 10,000 trades volume bars, 12 minute time bars, etc. (I formerly auto-traded naked 55 pip Renko bars 24/5 on the GBPJPY at IG brokers... 2 reverse bars in the same direction = in, and 1 opposite reverse bar = out. It traded standard lots well enough that they terminated my live account. The nice thing about Renko bars is that you can simply count the bars in each run and take notes using pen and paper, and then multiply one bar's cash value by each win/loss bar count--minus spread, and +/- swap.) Determine whether indicators are needed to improve identification of the price runs, e.g., linear regression lines, a 13 x 50 period EMA cross, etc. (It doesn't have to be perfect. Even if the strategy appears to be a breakeven or a slight loser, it might be worth further refinement. See step #5.) Reduce your strategy to code. IMHO, the easiest languages to code are probably EasyLanguage, Pine script, and MQL4 (in that order). MQL5 isn't too tough if you're already an advanced MQL4 coder. Backtest and auto-optimize the strategy that you've coded, across its inputs/settings, the chart structure/timeframe to which it's applied, and/or other instruments. (An unprofitable strategy applied in one manner can be profitable when applied in a different manner within the greater universe of your trading platform.) Depending on your given platform, commissions, swap, and/or spreads may or may not be included in backtests. Demo test your automated strategy, forward. Again, commissions, swap, and/or spreads may or may not be included. If your results are undeniably profitable (taking into account the differences between demo versus live trading), go live.
-
Update to the above Post... TradeStation appears to support OTC forex CFD's outside of the US. To the extent that CFD's are not cleared in the interbank (prime) forex market, CFD's are arguably not forex instruments.
-
RJo changed their profile photo
-
For forex, MT5. It's exponentially faster (including trade execution) than MT4. As a caveat, MQL4 is a simple skeletal version of C while MQL5 is really more like C++ (object-oriented programming) which is tough to learn. MT5 also natively supports Python which can bridge to API's. Neither natively support direct connection to centralized exchanges. For futures, TradeStation. Connects directly to the CME. Supports options and ETF's as well. Its EasyLanguage is for the most part, plain English language. The built-in strategy optimizer is obscenely detailed and fast too. Supports forex futures, but not OTC forex.
-
Hello, everyone. I'm here to reintroduce myself. My last post was in 2012, so thank you to TL for preserving my login credentials. Although I have decades of forex Metatrader experience, I recently moved on to futures with TradeStation and found that its EasyLanguage is indeed much easier than MQL4 and MQL5. This is the best forum for futures, so I'm back! My automated trading leaves me with free time, so I'll be browsing this forum in an effort to help others. Happy trading.
-
LESSON 1 : Always work at 50–75 % of your total potential because you aren’t getting paid for 100% either. LESSON 2: No reason on Earth is worth a fight/clash with your boss while you are working under him/her. Trust me on that! LESSON 3: Avoid dating someone from your office especially your boss or hr as 99% of times nothing will happen but that 1% can screw your career. LESSON 4: It’s better being fake friends with everybody instead of being real enemies. LESSON 5: Never ever disclose your future plans of switching the firm with any employee of that firm no matter how good ‘Friends’ you both are. LESSON 6: If you can give your 75% to a project make sure to give another 5% to make sure people know about your contribution especially your seniors. LESSON 7: Always treat all the office boys and security guards with your utmost respect. LESSON 8: Never try to prove your client wrong or find faults in their processes. They are paying for your services so always be diplomatic. I know it can get difficult sometimes but thats your easy way out. LESSON 9: Never stay in a firm for too long as you will start getting undervalued. Plan your career & negotiate your salary and perks wisely. LESSON 10: Nothing pays more in your career than having excellent interpersonal skills & having hold of a couple of relevant technical skills. Never stop learning and keep updating your technical skills. ALL THE BEST FOR YOUR FUTURE!! – Mohit, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/ -
CDLX Cardlytics stock, watch for a bottom breakout, big upside price gap at https://stockconsultant.com/?CDLX
-
FWRD Forward Air stock nice breakout, from Stocks to Watch at https://stockconsultant.com/?FWRD
-
BMBL Bumble stock watch for an upside price gap breakout at https://stockconsultant.com/?BMBL
-
HFMarkets (hfm.com): Market analysis services.
HFblogNews replied to HFblogNews's topic in Technical Analysis
Date: 18th October 2024. Global Markets Steady as China’s Economic Data Surprises, Gold Hits New Record. As the US economy continues to show resilience, traders further reduced their expectations for Federal Reserve rate cuts in the remaining meetings of 2024. Strong US retail sales data for September exceeded forecasts, highlighting sustained consumer spending, which is powering economic growth. Asia & European Sessions: A rally in risk and some unwinding of haven trades hit Treasuries. A stronger than expected September retail sales report weighed on Treasuries at it furthered expectations the FOMC will reduce rates at a more moderate pace into year end. And it added to prospects the Fed may only cut one more time this year with the November implied rate at -22 bps and the December contract at -41 bps. Asia equities rose earlier today as the central bank introduced new lending programs to boost corporate share buybacks and equity purchases. However Chinese equities edged down after official data showed slowing economic growth at 4.6% in the Q3 from 4.7% in Q2, underscoring investor uncertainty over government stimulus measures first announced in September. Netflix reported net income of $2.36 billion, roughly 6% above Wall Street predictions. Netflix saw a stronger-than-anticipated revenue boost in the latest quarter, alongside solid subscriber (5.1mln) growth, even with fewer blockbuster releases. Financial Markets Performance: The USDIndex climbed to 103.60,supported by widening rate and growth differentials. The downshift in expectations on Fed cuts, this week’s easing, albeit cautious, from the ECB, the chance for an aggressive -50 bp easing from the BoC, and the unwinding of BoJ rate hike outlooks have been supportive. The USDJPY broke to 150 level, the best since the end of July. It could rally further given the less dovish view on the Fed and if there are no signs of MoF intervention. The GBPUSD has stabilized and firmed slightly to 1.3060, but is largely recovering from the drop to 1.2990 which is the weakest since mid-August. The EURUSD has slumped to 1.0807 and is the weakest since the end of July. Concurrently, USDCAD has risen to 1.3795, the highest since early August. Gold prices hit a record high, extending a long-running bullish trend as investors sought safe-haven assets. Gold spot prices rose to $2,713. The rise in gold prices, fueled by inflation and geopolitical uncertainty, has been consistent since late 2022. Bitcoin also saw gains, rising to $68,350, with some investors viewing it as a hedge similar to gold. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
CSLR Complete Solaria stock watch, pullback to 2.18 support area with high trade quality at https://stockconsultant.com/?CSLR
-
VCYT Veracyte stock watch for a range breakout above 35.33 at https://stockconsultant.com/?VCYT
-
BOOT Barn stock watch for a narrow range breakout above 169.32 at https://stockconsultant.com/?BOOT
-
SSYS Stratasys stock watch, pullback to 7.38 support area with bullish indicators at https://stockconsultant.com/?SSYS\
-
RY Royal Bank Of Canada stock nice breakout, from Stocks to Watch at https://stockconsultant.com/?RY
-
HFMarkets (hfm.com): Market analysis services.
HFblogNews replied to HFblogNews's topic in Technical Analysis
Date: 17th October 2024. Stocks steady ahead of ECB, BTC Up, Oil below $70. Asia & European Sessions: Wall Street, Treasuries, the US Dollar, and Gold all gained yesterday amid a variety of factors. Earnings beats, rate cut expectations, growth concerns, geopolitical risks, some stability in oil all contributed. The market continues to price for -25 bp rate cuts in November and December. The Dow bounced 0.79% to 43,077 to its 38th record high of the year. Financials helped pace after more earnings beats, this time from JPM. Weakness in some tech shares, including ASML, limited the advance in the S&P500 and NASDAQ. Asian shares predominantly rose today following stronger-than-expected earnings reports from major companies like Morgan Stanley and United Airlines. Chinese markets lost momentum after a press briefing on the property market failed to announce significant stimulus measures. European stocks are expected to have a lackluster opening as traders await a decision from the ECB regarding monetary policy. The rally in Chinese shares lost momentum after a press briefing on the property market failed to announce significant stimulus measures. The CSI 300 in China reversed a rally of up to 1.3% after officials revealed plans to expand support for “white list” projects to 4 trillion yuan ($562 billion) from the previously deployed 2.23 trillion yuan. ECB Preview: with headline inflation below target and signs that services price inflation has peaked, the ECB’s focus has switched from inflation risks to growth concerns. The flurry of comments from ECB officials over the past week have pretty much confirmed that Lagarde will deliver another 25 bp cut on Thursday. We expect the ECB to cut again in December, although the central bank head may once again stop short of committing to another move just yet. Even if the ECB cuts rates by a further 50 bp this year, policy settings will remain restrictive and the “end-rate” of the current easing cycle is likely to be higher than markets expected initially and clearly above the low point of the last easing cycle. That will likely keep bonds volatile. Financial Markets Performance: The USDIndex climbed to 103.55, a third straight session over 103 and is up 3 handles from the 100.79 close on September 30. The rally broken the 200-day SMA. Oil dipped below the $70.00 per barrel. Energy prices have generally been influenced by oil market fluctuations, particularly as fears diminish over potential Israeli attacks on Iranian oil facilities, which could disrupt exports to China and other regions. Additionally, concerns about demand strength amid China’s economic slowdown have impacted oil prices. Bitcoin rallied with markets viewing the climb as a sign that markets anticipate a victory for pro-crypto Republican candidate Donald Trump in the US presidential election. Gold rose to $2685 per ounce. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
