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When the year 2016 began, one of the first major news items to hit the airwaves was the sudden decline that was noticed in the Chinese stock markets. Stock market circuit breakers were put in place to prevent the Chinese stock market from declining more than 7% in a single trading day; within the first two weeks of the year, these circuit breakers were triggered several times. This stock market decline rapidly spread to other global markets, creating bearish stock markets worldwide.
In the summer of 2015, the Chinese stock market experienced a major stock market crash.
Within three weeks, the Chinese stock markets went down by approximately 30%.
All the major Chinese stock market indexes nose-dived, and yet it took several weeks of selling in the Chinese stock markets before the selloff spread to other global markets. So what was different about this particular 2016 selloff?
Why the panic? The answer is relatively simple, investors were dumping their Chinese shares because there was evidence of the Chinese economy was contracting, and that it’s Government was weakening its currency through its severe interest rate cuts. That is an investor’s answer, the other answer is the fact t…
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Natali_Niyazova avatar

good job!

Kivetat avatar
Kivetat 23 Jan.

Wll done

sonjatrader avatar

Very good explanation!!!

SalviLeana avatar
SalviLeana 25 Jan.

nice job

defka avatar
defka 27 Jan.

good job, thanks

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I have taken it upon myself to create a strategy that is profitable and can consistently win prizes in the Dukascopy strategy contest, I know this is a big ask but I am willing to settle for a strategy that does well eight months out of the twelve months in a year. That would give me a winning percentage of approximately 67%.
For as long as I can remember, my biggest losing trades have been when I traded against the prevailing trend. These experiences have formed and hardened my trading ideology, which is to always trade in the direction of the market, and above all never to try and predict market tops or bottoms.
I have also looked for ways to sharp my trading edge; trading in the trend direction is not always good enough, one has to look for the best entry points to maximize the profits that can be gotten from a trend. This lead me to the Elliot wave theory and its numerous wave counts; there is a picture below that summarizes the wave counts.
My interest was kindled by the length of the various waves; waves 3 and waves 5 in particular. The theory was simple, after a trend begins, there is usually some kind of pull-back or correction before the trend continues on its way. The i…
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Sveetlana avatar
Sveetlana 15 Jan.

Great job!

Airmike avatar
Airmike 17 Jan.

nice article

tdbatinkov avatar
tdbatinkov 17 Jan.

CD1V1... this is really right approach to succeed in trading, I use the same I call it ICE  : (i) Impulse + (C) Correction >>> lead to (E) Extension
...Great article

lelipuzik avatar
lelipuzik 20 Jan.

excellent!

fx211pips avatar
fx211pips 21 Jan.

very useful information, great article

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