TJdonovan's Posts - Page 2

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Nov 07, 2015 at 16:56

Europe is becoming the latest battleground for oil producers seeking to maintain market share amid a global oversupply. Russia has protested Saudi sales to northern Europe, while also expanding its own share of Asian markets that were typically dominated by Middle Eastern producers. Iran will intensify competition next year as it seeks to regain lost customers following a nuclear deal with world powers that will lift sanctions.

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio (Re-Posted 10-7-2015) in Trading Systems Nov 07, 2015 at 16:56

Europe is becoming the latest battleground for oil producers seeking to maintain market share amid a global oversupply. Russia has protested Saudi sales to northern Europe, while also expanding its own share of Asian markets that were typically dominated by Middle Eastern producers. Iran will intensify competition next year as it seeks to regain lost customers following a nuclear deal with world powers that will lift sanctions.

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio (Re-Posted 10-7-2015) in Trading Systems Nov 07, 2015 at 16:56

Canada released its best employment report in four months, posting a better-than-expected increase of 44,000 jobs and a 0.1% drop in the unemployment rate to 7%. Canada has gained 143,000 jobs compared to a year earlier and best of all, they were all full-time.Unfortunately, this report was overshadowed by the US NFP report but should serve to slow Canadian dollar losses.

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Nov 07, 2015 at 16:56

Canada released its best employment report in four months, posting a better-than-expected increase of 44,000 jobs and a 0.1% drop in the unemployment rate to 7%. Canada has gained 143,000 jobs compared to a year earlier and best of all, they were all full-time.Unfortunately, this report was overshadowed by the US NFP report but should serve to slow Canadian dollar losses.

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio (Re-Posted 10-7-2015) in Trading Systems Nov 06, 2015 at 16:19

Strong NFPs suggest December lift-off.The significantly strong US nonfarm payroll report which came in at 271k has the market now pricing in a Fed rate hike in December. However, while US labour markets are robust there has been little transmission into inflation. Without clear pressure on the Fed’s favourite inflation gauge, the core PCE deflator, it’s unlikely they will launch in December. Elsewhere, the Bank of England, Norges Bank and Bank of Thailand all delivered a dovish outlook in their policy meetings. Whatever happens in December, it’s clear that monetary policy div...

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Nov 06, 2015 at 16:19

Strong NFPs suggest December lift-off.The significantly strong US nonfarm payroll report which came in at 271k has the market now pricing in a Fed rate hike in December. However, while US labour markets are robust there has been little transmission into inflation. Without clear pressure on the Fed’s favourite inflation gauge, the core PCE deflator, it’s unlikely they will launch in December. Elsewhere, the Bank of England, Norges Bank and Bank of Thailand all delivered a dovish outlook in their policy meetings. Whatever happens in December, it’s clear that monetary policy div...

TJD_ea_coded_variant_15v3_LOW_DD in Strategies Nov 06, 2015 at 09:28

Yes this will work on a real account.However, you really do need tight spreads and minimal slippage from your broker.

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio (Re-Posted 10-7-2015) in Trading Systems Nov 04, 2015 at 16:49

USD pushes higher still after in-line US October ADP payrolls change (+182k vs. +180k exp., though with a -10k revision to the Sep.). Interesting to see the market aggressively leaning on a break of key levels in USD pairs before we even get a peek at the ISM non-manufacturing later today and especially the Friday jobs numbers from the US. The reaction to the ADP data suggests that it may merely require in-line data on Friday or just a minor upside beat to consensus expectations (around +180k) to keep us on track for a Fed rate hike at the December FOMC meeting, provided, of course, that we do...

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Nov 04, 2015 at 16:49

USD pushes higher still after in-line US October ADP payrolls change (+182k vs. +180k exp., though with a -10k revision to the Sep.). Interesting to see the market aggressively leaning on a break of key levels in USD pairs before we even get a peek at the ISM non-manufacturing later today and especially the Friday jobs numbers from the US. The reaction to the ADP data suggests that it may merely require in-line data on Friday or just a minor upside beat to consensus expectations (around +180k) to keep us on track for a Fed rate hike at the December FOMC meeting, provided, of course, that we do...

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio (Re-Posted 10-7-2015) in Trading Systems Nov 03, 2015 at 18:38

EURO-DOLLAR: $1.0970, before Draghi is due to speak in Frankfurt. Market is nervous, taking Euro back up to middle of the range, after spending several hours at or near the lows. There is some small resistance at $1.0980 followed by $1.1020-30 Intraday highs Asia, and Europe respectively. $1.0936 is theovernight low, but the important support is at $1.0890/96 Oct 28 low(FOMC react).

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Nov 03, 2015 at 18:38

EURO-DOLLAR: $1.0970, before Draghi is due to speak in Frankfurt. Market is nervous, taking Euro back up to middle of the range, after spending several hours at or near the lows. There is some small resistance at $1.0980 followed by $1.1020-30 Intraday highs Asia, and Europe respectively. $1.0936 is theovernight low, but the important support is at $1.0890/96 Oct 28 low(FOMC react).

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio (Re-Posted 10-7-2015) in Trading Systems Nov 01, 2015 at 17:19

Hi Chasing Shadows.Thanks for the thoughtful question.My EA does not, and should not be turned off during high impact news or news/data that are 'soon to be released'. The reason why I post those fundamental news is because those are just for traders whose trading methods might be based heavily on news, therefore I thought my news feed could be helpful for them. But as far as my EA is concerned, it is based solely on mathematical patterns and the fundamentals are already included in the charts, or Aka in Trader's slang: "already priced into the charts". Here is an exam...

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio (Re-Posted 10-7-2015) in Trading Systems Oct 28, 2015 at 20:24

FOMC: December Fed hike here we come. This FOMC statement is a clear potential setup for a December rate move judging from two key changes to the September statement. First is the removal of the phrase from the September statement of the sentence discussing worries from global developments. Second was the alteration of the language discussing the first rate hike -> moving to a "whether it is appropriate" to move "at the next meeting". This is a major hawkish upgrade to the language by FOMC standards and all we need now is cooperative incoming data for the October and Nov...

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Oct 28, 2015 at 20:23

FOMC: December Fed hike here we come. This FOMC statement is a clear potential setup for a December rate move judging from two key changes to the September statement. First is the removal of the phrase from the September statement of the sentence discussing worries from global developments. Second was the alteration of the language discussing the first rate hike -> moving to a "whether it is appropriate" to move "at the next meeting". This is a major hawkish upgrade to the language by FOMC standards and all we need now is cooperative incoming data for the October and Nov...

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Oct 28, 2015 at 00:17

EURUSD traders and investors are hoping for a definite sense of direction from the FOMC when it meets this week. The pair has seen mild correction in recent sessions, but a much needed clear signal from the committee will perhaps cause an over-reaction in Forex markets.

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Oct 26, 2015 at 00:36

The probability of the Fed keeping the rate unchanged in October is 93.1 percent according to the CME Group FedWatch. Although some Fed members have said that an October rate hike was a possible, the market sees a Federal Open Market Committee meeting that is followed by a press conference, like the one in December, as having a higher chance of delivering a rate hike announcement. The Fed will publish its rate statement on Wednesday, October 28 at 2:00 pm EDT.

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Oct 25, 2015 at 22:27

EURO-DOLLAR: The pair starts the new week at $1.1009 toward the lower side of the $1.0994 to $1.1139 range witnessed on Friday, the beleaguered Euro still reeling from Draghi's dovish statement on Thursday. Ahead of key economic data,the Asian session should see sideways consolidation, German IFO data is set for release at 0900 GMT. Traders have cited large option expiry's at $1.1000 ($1.1billion) that may prove supportive on the day. Key support lies at $1.0938,which marks the 61.8% fib on the $1.0458 to $1.1714 rise, while hourly resistance is located at $1.1056. Euro-dollar currentl...

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Oct 23, 2015 at 15:33

Was the euro's recent strength a mere blip? Many analysts think so, with ANZ's Richard Yetsenda saying that the combination of further European Central Bank easing and an eventual rate hike from the Federal Reserve represents a "perfect storm" for the benchmark pair. "If the Fed can hike and the ECB's also doing some easing then [...] we could potentially see a break from this 1.05-1.15 range we've been in for quite a while," adds Yetsenda. The theme of policy divergence was one that received a great deal of attention in early- to mid-2015, but the recent sp...

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Oct 23, 2015 at 01:43

CHINA PRESS: The government will likely cut on-grid power prices again to reduce costs in the economy, the Economic Information Daily reports quoting sources. The State Council has decided to cut the price by around CNY0.03 per kWh onaverage nationwide. The cut may come as early as November, the report says. It last cut power prices by CNY0.02 per kWh in April. ~ (Economic Information Daily)

Trend Reversal Algorithmic System for Maximum Risk Reward Ratio in Trading Systems Oct 21, 2015 at 15:31

Hi Everyone.Just a little data/news I find is worth noting for all those who trade Gold, the metal commodities, and us Forex traders.Gold prices fell Wednesday, as a stronger dollar pushed investors to take profits on recent gains in the precious metal.Gold for December delivery, the most actively traded contract, was recently down 1% at $1,166 a troy ounce on the Comex division of the New York Mercantile Exchange.Prices for the precious metal have risen more than 5% from their October lows, as investors discount the possibility that the Federal Reserve will raise interest rates in coming mont...

EURUSD	1.07659	GBPUSD	1.25422	AUDUSD	0.66062
USDJPY	154.44	USDCAD	1.36805	USDCHF	0.9073

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