Daily Report 28th June Russell TF Futures – Indicators Technical Analysis

Share it with your friends Like

Thanks! Share it with your friends!

Close

Daily Report 28th June Russell TF Futures – Indicators Technical Analysis
This Is The Daily Sceeto Report
For The Russell TF Futures
On 28th June

Please Visit www.Sceeto.com for a free trial
also visit for a free preview Of Wind
our real time trend indicator
go to www.Binaryforecast.com
Old Fashioned technical anaylsis
Is Stoneage and Dead At This Stage

Stop Losing Money and Trades
because of lagging indicators
Most Indicators are complete rubbish
especially now that it’s the big banks
and trading houses that control the market
with program trading and high frequency trading
which can turn the market any way it wants

order flow is what changes price action and momentum
sceeto monitors all the buy and sell orders in milliseconds
and alerts you in real time to where the market is probably
going next it doesn’t lag and helps keep you on the winning
side of trades for a change and most important it monitors
program trading
take the free trial and see how you have been missing out
thank you
Courtesy of Wikipedia From Wikipedia, the free encyclopedia
Technical analysis is widely used among traders and financial professionals and is very often used by active day traders, market makers and pit traders. In the 1960s and 1970s it was widely dismissed by academics. In a recent review, Irwin and Park[11] reported that 56 of 95 modern studies found that it produces positive results but noted that many of the positive results were rendered dubious by issues such as data snooping, so that the evidence in support of technical analysis was inconclusive; it is still considered by many academics to be pseudoscience.[12] Academics such as Eugene Fama say the evidence for technical analysis is sparse and is inconsistent with the weak form of the efficient-market hypothesis.[13][14] Users hold that even if technical analysis cannot predict the future, it helps to identify trading opportunities.[15]

In the foreign exchange markets, its use may be more widespread than fundamental analysis.[16][17] This does not mean technical analysis is more applicable to foreign markets, but that technical analysis is more recognized as to its efficacy there than elsewhere. While some isolated studies have indicated that technical trading rules might lead to consistent returns in the period prior to 1987,[18][19][20][21] most academic work has focused on the nature of the anomalous position of the foreign exchange market.[22] It is speculated that this anomaly is due to central bank intervention, which obviously technical analysis is not designed to predict.[23] Recent research suggests that combining various trading signals into a Combined Signal Approach may be able to increase profitability and reduce dependence on any single rule.[24]
[edit] Principles
Stock chart showing levels of support (4,5,6, 7, and 8) and resistance (1, 2, and 3); levels of resistance tend to become levels of support and vice versa.

A fundamental principle of technical analysis is that a market’s price reflects all relevant information, so their analysis looks at the history of a security’s trading pattern rather than external drivers such as economic, fundamental and news events. Price action also tends to repeat itself because investors collectively tend toward patterned behavior — hence technicians’ focus on identifiable trends and conditions.[citation needed]
[edit] Market action discounts everything

Based on the premise that all relevant information is already reflected by prices, technical analysts believe it is important to understand what investors think of that information, known and perceived.
[edit] Prices move in trends
See also: Market trend

Technical analysts believe that prices trend directionally, i.e., up, down, or sideways (flat) or some combination. The basic definition of a price trend was originally put forward by Dow Theory.[10]

Comments

Comments are disabled for this post.