Basic Technical Analysis of Financial Markets: A Modern by Renato Di Lorenzo

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By Renato Di Lorenzo

The current booklet avoids the myth recipes that abound in technical research and focuses as an alternative on those who are statistically right and will be understood by means of novices in addition to preferred through execs. The defined protocols and strategies will end up worthwhile in interpreting marketplace habit and aiding in buying and selling judgements.

The algorithms utilized in the technical research of monetary markets have replaced past recognition. This ebook offers a extra effective technical research – one who isn't pleased with protocols that simply appear to be superb, yet which calls for that they're certainly positive, verifying this via simulations at the computer, severe statistical counts, and so on.​

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Leverage Margin Return Yearly return 30 716 198 % 315 % This effect is obviously called leverage effect. One may be amazed by how good it can be, even with the approximations made, a trading protocol so simple–even taking into account the fact that to trace the lines of support and resistance requires a good deal of personal interpretation. The corollary of the above observation is that it is so surprising how many investors lose money on the markets. , as they appear on the graphs) but they pay attention to economists, TV commentators, magazines, blogs, and all the folklore, often very interested, that revolves around this colorful world.

Obviously we are talking about opening, closing, high, and low of the Heikin Ashi type, not of the real values. 27). 28). , at the close,14 that is… when there is no longer time to execute it. 14 As the trading system refers to the closing values. 1 Graphical Representation 28 So in reality one is going to run the operation the next day, at the opening if all goes well, maybe also at the end of the day, at a price that can be quite different from the previous day’s closing. , on historical data), an estimated value of the closing price must be entered in the trading system a few minutes before the closing itself, observing the resulting advice (buy or sell), and then passing the order in a manner congruent with this suggestion.

The price falls rapidly from about € 20 to about € 19 euro, then it rapidly rebounds to about € 20 drawing a typical V shape. After that, an uphill and downhill movement, which resembles a trend, is replaced by a channel substantially horizontal, a lateral movement called trading range or sideways movement. 5). 3 Ftse Mib. 4 Ftse Mib. 6). Let us do some other considerations now. From the analysis just made, a reasonable protocol of trading that goes like this should sound reasonable: • sell or sell short when the graph pierces the support line of an upward trend; • buy (go long) when the graph of the price pierces the resistance line of a downtrend.

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