Tag Archives: level

Using Fibonacci Retracement level for price target moves for support or resistance

 

After going back to Nictrades to understand the detailed way of implementing the scanning ‘tools and indicators’ I developed for Crypto, I have gone farther into investigating the use of Fibonacci retracement levels. There are numerous scenarios you want to measure these levels for price target levels. You can swap out these levels to create new support or resistance levels for when you want to place market entry or exit.

It is important to understand how to generate the various minima and maxima levels in any times series you choose. What is demonstrated is a true time series from a crypto pair found on Binance.

Note that Nictrades can be found here https://www.facebook.com/NicTrades/

I plan to introduce new videos to generate:

  1. Upper and lower trend lines in using another way to find support or resistance.
  2. Use moving averages (20 and 50 SMA with 200 EMA) which shows when a pair goes sideways. You can also use any of these moving averages as a support or resistance line as well.
  3. How to gauge the probability of a pair is going into a market reversal.

Important stuff indeed. All of these will be reported in detail of the top performing crypto currency pairs found from Binance. You can get more details of this service here.

Quant Analytics

Thanks

pricing levels raw notes of NicTrades of June 4 and 11 are now posted

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Trading Fibonacci retracement of 50 percent level example

Trading Fibonacci retracement of 50 percent level example

A good video on how to use 50% retracement on Fibonacci levels. Use it

https://www.xm.com/technical-analysis-usdcad-struggles-below-50-0-fibonacci-bearish-correction-mode-in-progress-72567

 

This is helps in my analytics for automated trading

Deep dive analysis of close to 100 Dukascopy trading instrument with Bitcoin

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Does it matter on your tech level of BA, Excel, VBA, SQL to be a quant within our Meetup members in quant finance R Matlab users?

Does it matter on your tech level of BA, Excel, VBA, SQL to be a quant within our Meetup members in quant finance R Matlab users?

 

I got query from a new Meetup member:

Hello Bryan,
Firstly great idea for finding this group! To introduce myself.
My name is Shoba and I am currently working as a BSA supporting SAP in our company called Algorithmics which specializes in Risk Analytics software. Eventhough I haven’t personally worked with the products, I have always been very much interested in the whole Finance/Risk Quant area, eventhough not being a Financial Engineer myself.
Before Algorithmics, I was more in an operational role for a Private Wealth Management/Investment firm where I first got my exposure to Financial products.
While being thankful for the ERP experience I got in my current role, my long term career objective is to be a Business Analyst in the Financial Services sector (Be it Financial solutions, Capital Markets Investment, Wealth Management, Insurance, etc.).
Since I’m in more of a BA role, I don’t do programming. However I am familiar and enjoy using Excel VBA, SQL and currently learning OLAP technology in Business Explorer (which is more for reporting).
I am very much interested in joining your group to learn about your Quant methods and the financial products, and also hope to contribute to whatever I can for the group.
Let me know if you can see me as a valuable addition to your group. If not, I respect your decision.

 

My response:

Have no worries on contributing to the group. I am working on R right now so Excel can be integrated into this if this is your core tech tool
Hope this helps

 

You can also join my email list by filling out the form below, join our Premium members and get instant accss here.

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GOLD: Extends Bearish Momentum, Sets Up For The 1,604.10 Level

GOLD: Extends Bearish Momentum, Sets Up For The 1,604.10 Level fxtechstrategy.comGOLD: Our outlook on Gold remains to the downside as it weakened for a third day in a row the past week. With that said, further declines is expected towards the 1,641.35 level.
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EUR/USD drew a line in the sand for 2012 at 1.2665 This will be the level it needs to break below to open a new downward move #fx #forex $$

EUR/USD drew a line in the sand for 2012 at 1.2665 This will be the level it needs to break below to open a new downward move #fx #forex $$

 

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It’s probably a case today of the Central Banks in the limelight, the ECB and the Bank of England sitting on their laurels as they contemplate their past actions but also waiting for further evidence that extra measures may be needed to stimulate economic activity. The scenario is set for Eurozone interest rates to fall in the coming months by another 0.50% (two cuts of 0.25%) where rates will match those of the UK with both Central Banks having to consider increased quantitative easing, or bond purchases in European language. The Bank of England will be leaving rates untouched today with the analysts and central banks watchers looking for those fresh clues on the timing of “qe.” The Bank of England remains on target for a further £50bn of “qe” in February to be conducted over the following three month period. Sterling’s recent appreciation on the exchanges may be starting to hit their radar screens, in particular the effect it will have on future UK inflation levels (a fall back to 3% may be on the cards quicker than anticipated) but it could also generate some problems for exporters. One problem eases, another one intensifies.
The ECB’s President Mario Draghi still has a tricky balancing act ahead of him and with no changes being announced at 12.45hrs by the ECB, the press conference at 13.30hrs clearly has the lions’ share of markets interest. The ongoing reluctance of European Banks to lend all their recent gained funds from the ECB under their 3 year Long Term Refinancing Operation (LTRO) at considerably better rates than they are achieving by lending it back to the ECB reflects a picture of a continued lack of confidence in the ability of Eurozone leaders to find a solution and quell the debt crisis. A lot resting in Draghi’s hands for the future.
Bond auctions again over the next two days by Italy (€12bn today short term and €4bn long term tomorrow) and Spain (€4bn long term 3 and 4 years) will be followed closely by the markets, but coming back into the fray is Greece’s possible default scenario at the end of March.
A few numbers out there today as well to catch the markets attention with UK industrial and manufacturing production data at 09.30hrs, Eurozone industrial production data at 10.00hrs and US retail sales figures at 13.30hrs along with US weekly jobs claims. Later this afternoon which might attract the attention of some UK analysts is the NIESR estimate of UK GDP.
Chinese inflation data published much earlier this morning saw CPI cooling to a 15 month low of 4.1% in December( last 4.2%)and potentially leading to an easing of monetary policy by the Chinese Central Bank. Relatively little impact on Asian markets in trading this morning after the data.
Considering all that is going on and still to happen, markets have been fairly calm with the dollar still looking likely to be the main winner, although activity sidelined until the next two days Central Bank meetings and bond issues are concluded.

 

 

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Why bozo open source project developers cannot learn to develop architect level documents? You only prove to be stupid moronic idiots who don’t know how to develop systems

Why bozo open source project developers cannot learn to develop architect level documents? You only prove to be stupid moronic idiots who don’t know how to develop systems

I really not a happy camper going through this hacked code. There are decent comments but some need to see the forest before looking at trees. This is what we call system level architecture documents for those that don’t know. This open source project is pretty raunchy if you cannot figure it out even with an IDE debugger. If it was me having this hack so-called developer working for me, they would be so out of a job!

 

 

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Is Red Hat the next enterprise level Linux flavour to take off instead of Oracle or Sun Solaris Unix version?

Is Red Hat the next enterprise level Linux flavour to take off instead of Oracle or Sun Solaris Unix version?
I am part of a few Linked In groups that seems to suggest who is winning in the world of quant development. These seem to be high influential Linked In groups that were started by probably one of the quant recruiters on the planet, Dominic O’Connor from the United Kingdom.
There is always these discussions of the open source world versus what Microsoft stands which of course includes the .Net world. As I see it, over the last few years I come from more of the open source with solid movements of free Linux versions like Ubuntu, CentOS, Debian, and the like. I am unaware of any serious bank, bulge brackets, or hedge funds using these Linux flavours. From my interviews with big organizations like Bloomberg, Morgan Stanley, and Citi, they all seem to be in bed with Solaris. There is always talk of migrating their systems to Red Hat. The only large organization that I know that is in bed with Linux is Goldman Sachs. After working with a guy from Canada Pension Plan Investment Board, he confirmed that Goldman is very proprietary but a lot of their early technology was based off of Red Hat. They also were the early of adopters of Red Hat and legitimized them before they went commercial with their Linux version. I can also confirm that Pension Plan Investment Board (CPP-IB) is using Red Hat for the all their production systems outside of their Windows based systems. So there is another one.
Why aren’t any of the other mentioned companies swiftly moving over to Red Hat? From what I gather, it seems they are hesitant in rushing their large code based legacy systems to another platform from their Solaris platforms. As it stands as Oracle owns all this Sun technology like Sun, many are very scared on what they will do with it. So here they sit waiting for what happens to Red hat. As it stands they are another alternative to an enterprise level Linux/Unix based platform to choose from.

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