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When the price is in favor of traders, the human nature often urges trader to reap the gains as soon as possible and keep them secured in his account. When the price isn't in the trader's favor, it's also a human nature to wish for a miracle rather than admitting one's defeat and leave the market as soon as possible to curb losses. This is a fatal human weakness. There is a famous Wall Street saying: Cut losses and let profits run. This is actually fighting against our inherent weakness of human nature: when you lose, you need to quickly acknowledge defeat and accept your losses; when you win, you need to hold the impulse to act intuitively, overcome psychological fluctuations, and let profits run naturally. Only in this way can we achieve the return/risk proportion of 1:2, 1:3 or more emphasized in fund management principles.
The gambler's myth:
A common practice of gamblers is stepping up their bets after losing a few rounds in a row and placing smaller bets after winning. Gamblers always believe that success will be waiting at the corner after consecutive losses while failure will inevitably come after winning consecutively. This is a game psychology pitfall. According to the principle of fund management, the total amount of trader's funds will decrease after losing the game continuously. Even if the same risk percentage is maintained, the bet should be reduced due to the decrease in the total amount. According to the gambler's practice, once he starts a losing streak, he'll likely stick to it and eventually end up losing everything or even blow up his account. The principle of fund management also applies to winning streak, because after winning several rounds straight, the total amount of funds has increased and even with the same risk percentage, the stakes should go up.
When a trader makes a trading decision, it often requires plenty of efforts and will be based on technical, fundamental and market news evidences. This easily leads to a psychological bias: the transaction can't be wrong, nor should the trader doubt whether it's wrong. But in fact, trading is a psychology game about probability, and traders should take a probabilistic approach when handling trading issues, rather than focusing on a particular trading's gain or loss. The correct mindset is to assume that every order you place is wrong and should be losing anyway, so you'll see losses as something natural and profits as surprises, and thus avoid the tragedy of denying mistakes or even let small mistakes develop into bigger ones.
When the traders in Europe return from their lunch, the traders in America (mainly in New York) start their trading day. This is at 12pm GMT (8pm SG time).
This overlap in market activity contributes to higher volatility and presents opportunities to make money.
Due to its leadership in world trade & global economic policies, the US session is one major financial centre that markets pay keen attention to.
#2 Reasons
Reason 1: Extremely high liquidity given that the European session is the most active Forex market in the world.
Reason 2: Around 85%of all Forex transactions involve the USD.
Reason 3: Most economic reports are announced near the start of the US session at about 12pm GMT (8pm SG time). As the US has a large influence on the world, volatility will be high at the start, providing traders with opportunities to make a quick profit.
#3 Characteristics
Past 3pm GMT (11pm SG time, once the European session ends), the Forex market goes to sleep. Liquidity and volatility tend to drop, resulting in slow price movement and the possibility of prices being range bound.
This phenomenon is particularly felt on Fridays afternoon sessions where traders across the globe shift their focus to non-trading related activities.
So, go out with your friends or spend time on your hobbies on Fridays, the eve of major public holidays (in Europe and the US), and on the holidays! Please note that this table is not all-inclusive and the range may differ from time to time depending on various conditions such as news and specific economic trading activity.
You have learnt that there are opportune moments to trade Forex. You know when to trade and what to expect, saving you from potential heartaches and frustrations.
You also know which days to stay away from trading; to go out and have some fun instead. After all, life is meant to be enjoyed too.
「About The Author」
An independent trader who seeks to educate through his own trading experiences, Jay began his own trading journey at the age of 22.
He is a self-taught trader who has read more than 200 books on trading and investment since college and created his trading methodologies modelling after several successful veteran traders.Jay has since amassed 10 years of experience trading different market conditions with consistency. Of the many disciplines in trading, he specializes in trading options, swing trades on equities, currencies,futures and contract-for-difference (CFDs).
A rectangle can last for as short as a few minutes. Currency traders look for rectangles that last between minutes and days.
Besides varying in duration, rectangle chart patterns also vary in height.
A rectangle is like a base of a building. A larger base will be able to support a larger building. Therefore, a larger rectangle will be able to support a larger price move when prices move beyond the rectangle.
The larger the candles within the rectangle, the longer the pattern stays in a rectangle. The move following the breakout of the taller rectangle tends to be larger. The size of the above rectangle is 45 pips . Price hovered within the rectangle for 2 days and 6 hours before breaking out of the rectangle.
At market lows, banks and large commercial companies will be accumulating (buying) the asset and this can occur within the rectangle pattern.
At market tops, banks and large commercial companies who had bought the currency pair while it was cheap will slowly distribute (sell) to uninformed speculators.
In short, rectangles are a battle between buyers and sellers.
You can find this pattern in all market types. How then, can we trade and profit from this rectangle pattern？
With the economy showing little sign of recovery from the devastating Covid-19 driven recession that we currently find ourselves within, the Fed left interest rates at near zero levels and vowed to continue “acting as appropriate to support the economy.”
Jerome Powell also implored Congress to help stimulate the economy through supportive fiscal policy, but the ultrasensitive and divided US political landscape certainly doesnt help.
There‘s no way today’s FOMC statement can be viewed any way but as a dovish message to markets, with the Feds intention to maintain highly accommodative policy for “as long as it takes.”
Most likely were talking years here.
The actual July FOMC statement was little changed from June, but did feature the following addition: “The path of the economy will depend significantly on the course of the virus.”
The irony of the Fed speaking about there being no tradeoff between the US economy and public health on the same day that the countrys Covid-19 death toll ticked above 150,000, is not lost on me.
A devastating milestone that looks nowhere near a top, with California, Texas and Florida all also reporting record numbers of daily deaths.
“Even if the reopening goes well and many, many people go back to work, it is still going to take a fairly long time for parts of the economy that involve lots of people getting together in close proximity” said Powell in his accompanying, socially distanced, virtual press conference.
“Those people are going to need support.”
With markets becoming increasingly addicted to stimulus, we know support means free money and as you can see below, the markets reacted accordingly.
The US Dollar Index (DXY) remains under pressure, reaching support not tested since 2018. If you think that‘s highly irrational price action during a global pandemic which has seen millions left unemployed and requiring government handouts to put food on the table, you certainly wouldn’t be alone.
This decreased the pressure on USDs liquidity from the market and weakened the safe haven function of USD, putting continuous pressure on the US dollar index. In the short term, the index is more likely to test the low level of 95.716 recorded in May. If it fails to break the level, the index may challenge the low level of 94.650 happened on March 9.
Faced with a weakening US dollar index, non US dollar currencies bounced back in varying degrees. From a perspective in Macro trend, the Swiss Franc has the best year-to-date performance, up about 3.5% again the USD, ranking the first among all currencies. And safe haven Japanese yen ranks the third, up 1.34% this year, second only
The Swiss Franc performed extremely well because of the relatively stable situation of COVID-19 and better economic data in Switzerland compared with that of other European countries. Therefore, forex traders preferred the Swiss Franc to USD as a safe haven. And market estimates that the Swiss Franc will keep maintaining an edge in the second half of this year. In the short run, USD/CHF appears to approach the low level of 0.9181 of March or the low level of 0.9071 recorded in 2015.
It is estimated that cautiously optimism pervades the future Japanese yen market, another safe haven. Recent USD/JPY basically fluctuates at the range of 108.16-106.00, being approaching the level of 106.00. And it is likely to break the level and challenge again the major support level of 104.45.
[About The Author]
Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.
Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.
I have traded gold for 30 years and know that there are many basic factors that can affect the trend of gold, as well as major ones including against the USD, trend of the USD, geopolitics and anti-inflation. Now the weak US dollar, geopolitical tension and easing monetary policy by global banks all contributes to further currency depreciation. Although the strong US stock decreases risk aversion, gold price will rally steadily and repeatedly due to the well support by other favorable factors.
It is remarkably that a sudden slump in global stock markets is profitable for gold price with an increasing risk aversion. Recalling the sharply drop in stock market in March, both gold and stock slumped by over US$250. As the stocks fall led to the liquidity squeeze of US dollar and further to sharp rise of US dollar index, causing the simultaneous sharp drop of both a group of non US dollar currencies and gold. Therefore, if the global markets collapse, do not easily believe that it is good for the gold price 100 percent.
Recently, according to a data released by the US, its inflation increase recorded a 8-year high, caused by the sharp recovery of oil price. If the inflation in the US becomes worse, the Fed still needs to simulate economy by maintaining lower interest rate, which is expected to support well the price of gold, as an anti-inflation hedge. In a short term, supported by the profitable factor above, the spot gold price is likely to test above the level of 1,840-1,850 USD, and then to approach the major level of 1,900 USD after giving back gains with a stable fluctuation.
[About The Author]
Since 1987, Jasper Lo has been engaged in the financial industry (forex, futures and gold) for more than 32 years and holds forex R.O., securities and futures broker licenses. Mr Lo is an expert in trading forex, precious metals and commodity futures and an basic and technical analyst.
Over the years, Mr Lo won many individual and team sales champion awards, as well as outstanding employee awards. He was invited, as a guest mentor, to the University of Hong Kong, Guangdong Ocean University and Guangzhou Jinan University. And he was also appointed as the chief training consultant by Hantang Securities and Dongguan Securities in China.
WOW CLASSIC RECEIVES LAYERING CHANGES
During a recent blue post from a community manager on the forums, Blizzard detailed new changes coming to the layering system used to help servers survive the launch of WoW Classic. Apparently layering has worked as Blizzard intended so far and some realms have reached their end-state of a single layer. Most servers saw a maximum of three layers during the beginning days of Classic WoW and almost all realms narrowed down to two layers shortly after. Classic WoW brings Azerothians back to the early days of World of Warcraft and it is presently available for PC around the world.To get more news about Buy WoW Classic Items, you can visit lootwowgold news official website.
The realms Blizzard has permanently set to one layer are: Anathema, Arcanite Reaper, Ashkandi, Azuresong, Deviate Delight, Earthfury, Felstriker, Heartseeker, Netherwind, Old Blanchy, Remulos, Smolderweb and Windseeker in the US region. For the European region, Bloodfang, Dragonfang, Earthshaker, Hydraxian Waterlords, Judgement and Ten Storms are permanently set to one layer as well.
“As we’ve said before, we will have all realms on a single layer before introducing world bosses and a great deal of progress has been made towards that goal,” said Community Manager Kaivax. “First and foremost, players have leveled up and spread out around the world. This allowed us to accommodate more players per layer, which means fewer layers required per realm.”
This transparency between Blizzard and the WoW Classic community is refreshing as they add that the realm selection screen will indicate the layer status instead of the realm population. Servers that aren’t affected by layering will remain showing low, medium or high which represent the servers population.
Did you ever notice the layering when playing Classic WoW or watching a stream of it? Do you remember experiencing a lot of disconnects or latency during previous iterations of World of Warcraft? Let us know in the comments below!
The MMO That Changed the World Returns With WoW Classic
Blizzard
announced during Blizzcon 2017 that WoW Classic servers were on their
way after years of anticipation. Ever since Wrath of the Lich King, fans
of World of Warcraft have wanted official Blizzard servers set in the
base, vanilla experience of the original in 2004. J. Allen Brack, the
executive producer of World of Warcraft definitively said Classic
servers would never release at Blizzcon 2013, following the “No!” with
“and by the way, you don’t want to do that either. You think you do, but
you don’t.” Well, despite the conflicting statement, WoW Classic
servers are officially live and available to anyone with an active World
of Warcraft account on PC or Mac.To get more news about Buy WoW Shadowlands Gold, you can visit lootwowgold news official website.
After the success of World of Warcraft Classic breathing new life into
the dying franchise, we can definitively say: No, J. Allen Brack, you
think we didn’t want to do that, but we did. Twitch views are up, WoW
Classic YouTube content is flooding the platform, Blizzard hasn’t given
us official server population numbers, but judging from the plethora of
people on the one server I’ve played on so far, it’s safe to say that
the World of Warcraft is as alive and well as ever. Especially
considering the current client of the game isn’t experiencing a complete
lack of players. No matter how you slice it, WoW Classic has done for
the aging MMORPG what several of the expansions couldn’t do: maintain
hype and engagement for more than a couple of weeks.
Classic WoW returns gamers to the original Azeroth that started the World of Warcraft machine (specifically patch 1.12) that took the leadership role of the MMO genre and maintained it to this very day. While many of the best things from Vanilla WoW are alive and well in WoW Classic, it also features several of the same bugs, imbalances and other quirks that made it great. Action bars are once again packed with abilities and talents which were stripped from the game in Mists of Pandaria in an effort to appeal to casual gamers.
The community carries the Classic World of Warcraft experience as it did fifteen years ago. In my experience, I came across multiple examples of people helping each other and me. I watched high-level guildmates help their friends through zones full of enemies with Skulls and question marks indicating their levels. I requested a tailor in trade chat and they’ve made every bag I’ve equipped ever since. I saw people giving coin to complete strangers so that they can obtain their new skills, which is no longer a thing in today’s version. None of this would have been appreciated for what it is if WoW Classic had the layering system of the live version of the game which combines multiple servers to populate the world around you. If you make a character on Smolderweb, that’s your server. When you play on it, you’re playing with other people from Smolderweb and although people have manipulated the toned-down version known as Sharding, the system is mostly foolproof according to Blizzards internal testing.
WoW Classic Warrior Guide
Warriors are one of the most complex and powerful classes of World of Warcraft Classic. Not only are they the chief tank class, they are also the only class that is able to excel at two roles: Tanking and Melee DPS.To get more news about Buy WoW Gold Classic, you can visit lootwowgold news official website.
This is a unique niche in WoW Classic – compare this to example to Druids, who can potentially fill four roles (Tank, Healer, Melee DPS, Ranged DPS), yet are not able to really stand out at any of these roles.
Meanwhile, Warriors can become one of, if not the best, melee DPS and their place as the preeminent tank of WoW Classic is indisputable. Despite oftentimes being shoehorned into the tank role, playing a Warrior thus offers you a certain degree of flexibility should you ever want to swap roles.
It also makes it possible to primarily play DPS and yet fill off-tanking duties in raids.
Warriors are generally not great in 1 v 1 PvP, but, given the right gear, talents and support, can be a force to be reckoned with in Battlegrounds and World PvP.
In all honesty, Warriors are one of the most skill-intensive classes to play and newcomers often find especially tanking to be daunting at first. PvP is no less complex with constant changing of stances and a variety of different builds.
Our main motivation in this article is to reduce the complexity for new players and and also to bring veterans back on track.
Diode Dynamics 9012 SL1 LED Headlight Pair
LED bulbs are legal
in the USA for Fog Light use only. Not compliant with DOT / FMVSS108 and
not street legal in the USA for Headlights. Legal for off-road use in
ATV, snowmobile, and off-road racing use. International legality varies
by country. To get more news about 9012 LED headlights, you can visit iengniek official website.
Note: This usage regulation is not unique to Diode Dynamics bulbs. All
LED bulbs from all brands, regardless of marketing claims, are
prohibited from street use in halogen headlights in the USA.
SL1 LED Bulbs
Aftermarket or OEM? If you're looking to improve visibility on your vehicle at night, you've probably found many options for LED upgrades. Most bulbs on the market are too big to install, don't work with the electrical system, and have no focus or hotspot in the beam pattern. Even if they come close on those aspects, they still aren't anything close to the quality you would find with factory-installed lighting. Like most aftermarket products, most LED bulbs are not engineered and tested for long-term reliability.
With the SL1 LED, Diode Dynamics set out to engineer a true OEM-grade solution. With its compact size, optically correct output, flow-simulated cooling, and boost-mode electrical circuit, our SL1 LED patented design is a properly-engineered solution that finally provides a true upgrade in performance , with high reliability: and it's tested and validated to meet those standards, just like OEM lighting.
Compact Size. Your order includes two bulbs, to replace the factory bulbs in your vehicle. The bulbs are compact in size, in a patented design that isn't much bigger than the original halogen bulb. The drivers are compact too! If you have a sealed lamp, they are designed to fit inside. The drivers and bulbs are tested to last over time, even when sealed inside. Please see further information on Vehicle-Specific product listings, or contact us.
Street Legal Output. Don't be fooled by high lumen numbers. Your vehicle's lamps are designed as a system, to Focus light. If the light source in that system is out of focus, it doesn't matter how bright it is. You won't have a focused hotspot of light to shine down the road, you'll just have more glare. To correct this, the SL1 LED bulb was engineered with advanced optical design software, which simulates each ray of light in a process known as ray tracing. Using this tool, our engineers perfectly matched the filament location, allowing the SL1 LED to Focus light just like your original bulb, preserving the focus and hotspot, with no added glare. This is a safe, functional output, in compliance with photometric standards.
Tested to Perform. We test the SL1 bulb in factory lamps, and measure the entire beam pattern using specialized equipment. It's an elaborate affair: a lamp is mounted to a computer-controlled rotating head called a goniometer. Light shines down a tunnel, where a sensor collects data as the light is rotated. The entire beam pattern is mapped, and we compare the total output to the original halogen. With proper optical engineering, testing, and validation in the application, we can assure correct optical performance .
Staying Cool. You may have seen bulbs that use large straps for cooling, or big fans that just make noise. These bulbs still run hot, pushing the LEDs past their limits, resulting in degradation of output after a few months. When it comes to cooling, proper engineering is required to efficiently remove heat from the bulb. In the SL1, it comes together as a whole system that was extensively tested, with dozens of iterations to achieve the best cooling performance possible. It includes a direct-solder copper core board, thermal phase-change interface material, and thermally-modeled zinc casting get heat to the base, where base fins are designed for aerodynamic performance in conjunction with the flow rate and pressure of the Sunon bearingless microfan. The result is a highly-effective and reliable cooling system, keeping the bulb running at maximum potential.
