"Goncalo, so sorry for the late reply. I miss quoted the title to Francesc, the book is "The Quest for Alpha". The book details some of the difficulty of trying to "outsmart" the market. "
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Peter jcp commented on Gonçalo Moreira's blog post Current Trading Positions"I think that's a great plan Goncalo - with all the participants having different strategies - were they converge should be key areas - and 3160 area was certainly one. i am stuck between 77 and 58 on the EU now and even when one breaks -…"
Gonçalo Moreira commented on Gonçalo Moreira's blog post Current Trading Positions"Thanks Glider- glad you liked. It's interesting to see it in real time, how the cluster around 1.3161 attracted price. Now we have sell orders here as well as take profits from long positions, all in all making the price consolidate.
All…"
Glider commented on Gonçalo Moreira's blog post Current Trading Positions"Good work as always Gonqalo. I see MIG bank expecting a massive jump to 1.3310 and then a massive fall to 1.2300. Very ambitious, but who knows in this crazy world we live in."
Gonçalo Moreira posted a blog postCurrent Trading Positions
This is today's Current Positions Table for the EURUSD. In an effort to help our audience with its interpretation, we inserted all the current positions in a price chart. On the left the left the buy and on the right the sell positions. Look for those areas where the positions are more clustered. For example, the 1.3160 area has a few stops from sellers, but also buy positions aiming to bring the price higher.…See More
Gonçalo Moreira commented on andik yuspita's blog post prediksi GU 30/4/2013"Hi Andik,
interesting approach. Could you explain what you mean by "volume candlestick"? What kind of volume do you use?"
Gonçalo Moreira commented on Yohay Elam's blog post Best hours to trade for those who hate surprises"We have a few widgets at FXstreet.com that can help traders following Yohay's guidelines:
One is the Next Economic Event, a countdown to the next release:
And the other one is the Volatility Heatmap, which enables to filter periods by…"
Gonçalo Moreira commented on Ron Schelling's blog post The Euro not in trouble, but people are"Hi Ron, Thanks for sharing!
There more to read from this author here:
http://www.vnavarro.org/index.php?lang=en
Cheers"
Gonçalo Moreira commented on Gonçalo Moreira's blog post Unequivocal Signals"Thanks Peter,
The Bullish Percentage Index is calculated on a daily closing basis and therefore to be seen as a tool in combination with others.
The message it provides is if a certain trend is generalized across all currency pairs. The above…"
Peter jcp commented on Gonçalo Moreira's blog post Unequivocal Signals"Hi Goncalo - I love bespoke indicators and therefore take great interest in what you have tried. Will check through your studies and read up more on what you have done etc - and thank you for sharing with the forum - regards Peter"
Gonçalo Moreira's blog post was featuredUnequivocal Signals
Those familiar with my work may know my predilection for classical yet less kown indicators and techniques.The below chart is an example of a breadth indicator normally used for stocks: the Bullish Percentage Index. At FXstreet.com we build the same indicator for the Forex market based on a proprietary formula. The below EUR-BPI measures the percentage of euro-based pairs which are printing a bullish signal on Point and Figure charts. A rising line means that more euro-based pairs are bullish,…See More
Gonçalo Moreira commented on Gonçalo Moreira's blog post Unequivocal Signals"If you are already using the FXstudies, this link will take you directly to the BPI widget. You may want to adjust it to your pair of preference, zoom in and out, go back in history, and even share it with other users."
Gonçalo Moreira posted a blog postUnequivocal Signals
Those familiar with my work may know my predilection for classical yet less kown indicators and techniques.The below chart is an example of a breadth indicator normally used for stocks: the Bullish Percentage Index. At FXstreet.com we build the same indicator for the Forex market based on a proprietary formula. The below EUR-BPI measures the percentage of euro-based pairs which are printing a bullish signal on Point and Figure charts. A rising line means that more euro-based pairs are bullish,…See More
Gonçalo Moreira posted a blog postTiming Price-turns with Trendlines
Someone asked during the webinar if the technique can be used in shorter time-frames. Here is a beautiful example on a 60 minute chart.Notice how all trendline crossovers where known before the price gyrations happened- starting at the green vertical line all moments in time where already on the chart.A trade statement shows a…See More
Gonçalo Moreira commented on Alan Hill From Sarrafx Trading's blog post A Little (more) controversy"Behavioral finance is like the academic backbone of technical analysis. It covers the structural factors which can lead a market to display a certain behavior, and also the cultural factors which explain certain common beliefs in the trading world.…"
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- Trading style
- Swing Trader - Technical approach
This is a picture of me trading the Forex cash market with other ITC attendees:
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Gonçalo Moreira's Blog
Current Trading Positions
Posted on May 8, 2013 at 9:48am 3 Comments 3 Likes
This is today's Current Positions Table for the EURUSD. In an effort to help our audience with its interpretation, we inserted all the current positions in a price chart. On the left the left the buy and on the right the sell positions. Look for those areas where the positions are more clustered. For example, the 1.3160 area has a few stops from sellers, but also buy positions aiming to bring the price higher.…
Continue Unequivocal Signals
Posted on September 25, 2012 at 10:11am 3 Comments 3 Likes
Those familiar with my work may know my predilection for classical yet less kown indicators and techniques.
The below chart is an example of a breadth indicator normally used for stocks: the Bullish Percentage Index. At FXstreet.com we build the same indicator for the Forex market based on a proprietary formula. The below EUR-BPI measures the percentage of euro-based pairs which are printing a bullish signal on Point and Figure charts. A rising line means that more euro-based pairs…
Continue Timing Price-turns with Trendlines
Posted on September 21, 2012 at 1:24pm 0 Comments 2 Likes
Someone asked during the webinar if the technique can be used in shorter time-frames. Here is a beautiful example on a 60 minute chart.
Notice how all trendline crossovers where known before the price gyrations happened- starting at the green vertical line all moments in time where already on the…
Continue EURO Point and Figure + Candle-pattern Analysis
Posted on September 20, 2012 at 3:17pm 0 Comments 2 Likes
Notice how the targets calculated on this 3-box reversal chart have been, - to the exception of the 106.8 downside target- fulfilled. Interesting also is the confluence among horizontal and vertical counts from several of the columns. The 121 (1.21 in spot terms) area was indeed a strong cluster.
The current ascent can't yet be used to calculate a target to the upside, since the column of x has to be reversed at least by 3 boxes.
As long as the euro is below the 45 red line, the…
Comment Wall (2 comments)
- At 4:38am on July 1, 2012,
Dipak Patil said…
- At 12:23am on May 16, 2013,
John E. Putman II said… Goncalo, so sorry for the late reply. I miss quoted the title to Francesc, the book is "The Quest for Alpha". The book details some of the difficulty of trying to "outsmart" the market.
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