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Technical Analysis and Indicator Optimization

Technical Analysis and Indicator Optimization
John E. Putman II, CTA
May, 5th 2010

The merits of technical analysis (TA), or the lack of, have been argued for decades. Most proponents of the Efficient Market theory believe that TA simply can not forecast future prices; that any advantage gained by TA will quickly break-down due to its very use. Unlike most users of TA, their beliefs are actually based on significant…

Added by John E. Putman II on May 6, 2010 at 1:20am — 2 Comments

The eurobear is roaring

Either this is the biggest B wave i've ever seen, or we're going lower.

Here's a count which could eventually take us back to the 1.2300 region.

via Gold and Forex EW analysis

by Jeremy… Continue

Added by FXStreet on May 5, 2010 at 3:05pm — No Comments essentials

This is a little guide about the first steps for new users at



This should be the first place to check. There you can set your privacy preferences.

We strongly recommend to change your real name by a Nickname, easier to remember and first protection to your privacy. It can be changed in the "full…


Added by FXStreet on May 5, 2010 at 2:30pm — 10 Comments


Yesterday May 4, EURUSD kept sliding, breaking through the psychological level at 1.3000. The unit found support at 1.2931 today May 5 in the early European session. Investors would focus on Portugal and Spain even if Greece is bailed out. So, EURUSD bearishness might remain,

Despite the sharp falls in DJIA (-225.06 points) and the yen crosses, USD/JPY remained above 94.00 level. (did not break 95.00 resistnace though)

I keep adding long USD/JPY positons when i see… Continue

Added by Tatsuya Kawanishi on May 5, 2010 at 9:30am — No Comments

I am excited

Hi Everyone

I am excited to join the Contest and looking forward to learn and win

Added by Jermaine Beckford on May 4, 2010 at 8:43pm — No Comments

A Tale of Two Economies


Added by fxretracer on May 4, 2010 at 5:13am — No Comments

Today's Perfomance So Far!

Hi to all!

So far it was not a good day for me and i would really like to know about other traders' experience of the first day of the contest. I hope people won't mind me asking that. GBP and EUR both are softening against the green back and i don't know when the market might get out of this bearish pressure.

Added by Shahswar Abbas on May 3, 2010 at 1:00pm — 1 Comment

How to know the leader board?

Hi to all!

So nice to be the part of a contest and i do wish all of you a very happy and enjoyable competition. I still can't figure out how to know the leaderboard so that we all must be looking at our relative progresses.

Added by Shahswar Abbas on May 3, 2010 at 4:39am — 5 Comments

Hello all,

May the best traders win!!! every trader is a potential winner, so I can't say more. Nice to be here with the group :) Dubai or no Dubai? let the skills answer that question (^_^)

Added by Liky Thang on April 29, 2010 at 7:16pm — 1 Comment

Learning Center: Chapter D04 has been published

Do you really need to have a Trading Plan? No. Does having one increase

the chances of success? It depends. What then is the purpose of having a

plan? The answer is: to implement it.

Topics covered in this… Continue

Added by Maud Gilson on April 20, 2010 at 11:08am — No Comments

USD/JPY found a support?

According to Reuters news, Yen weakened in the early European session after the release of a draft document by Japanese ruling party defending the need for a weaker Yen and easy monetary policy.

The unit bounced at 92.54 and moved up to 93.41. Technically speaking, the unit looks heavy though. Let's keep an eye on it, Leye on it. we have US trade balance. …


Added by Tatsuya Kawanishi on April 13, 2010 at 9:00am — No Comments

USD/CHF: Possible upside correction

Pair has gapped as all European currencies at the open, having reached

an intraday low around strong midterm 1.0550 support; 4 hours charts

show extreme reading in technical indicators, aiming for an upside

corrective movement, that needs to move above 1.0620 to start: if above

that level, pair should attempt to extend the upside to fill the gap

and reach the 1.0660 level. Behavior around this last will be key as if

pair breaks above, bearish momentum likely to… Continue

Added by FXStreet on April 12, 2010 at 1:54pm — No Comments

Forex: USD/JPY finds resistance at 93.60 and eases to 93.35

Dollar pullback from 93.80 high on Friday was contained at 92.80/90

support area on Asian session, and the Dollar advanced during the day

ti reach 93.60 high, several pips short of Friday's high, where the

pair found resistance and eased to 93.35 area at the moment of writing.

Initial ,resistance remains at 93.80 (Apr 9 high) and above here, 94.25 (Apr 7

high) and 94.80 (Apr 5 high). On the downside, support levels lie at

92.80/90 (session low/Apr 8 low), and… Continue

Added by FXStreet on April 12, 2010 at 1:22pm — No Comments

Economic Outlook for 2010 and Commentary


Added by fxretracer on April 9, 2010 at 5:45am — No Comments

Live free access Day

Dear user,

Join us on Thursday, April 08th at LIVE and enjoy our guest experts' webinars FOR FREE!


Joseph Trevisani The German Reformation at 16:00 GMT/12:00 pm EDT, by…

Added by FXStreet on April 7, 2010 at 1:30pm — No Comments

EUR/USD: gaining strength

Euro is getting some support from stocks and gold that are quite bullish after better than expected US data. Current bullish momentum will find resistance around 1.3570/80 area, where we find several candle highs from these last days, along with the 61.8% retracement of last bullish rally. If pair manages to reach that area, yet remains unable to break higher, should be consider a corrective pullback to the area, and once back under 1.3530, bearish trend should resume to next strong area around… Continue

Added by FXStreet on March 24, 2010 at 9:59am — No Comments

Currency Majors Technical Perspective

EURUSD Current price: 1.3508


Good morning. I hope you had a great weekend. No let up for the EURUSD pair. We are just sitting on the big figure support (1.3500) where we stalled on Friday. If we can break this level then 1.3460 should come into play. This held the pair at the end of March. A break of 1.3545 would be the… Continue

Added by FXStreet on March 22, 2010 at 10:00am — No Comments

USD/JPY DAILY as of Wednesday, 17 July, 2013

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 99.6213

Buy Stop:   98.8957 

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING…


Added by Martin Kay on November 30, 1999 at 12:00pm — No Comments

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