Was thinking yesterday about “is there is a more simplistic way, where we can list out the stocks with exponential rise in price aka bubbles.” Suddenly this simple thought process strikes my mind. It is a good old classical analysis idea using RSI(2) but on the yearly timeframe with RSI(2)>99.
Ranging from Algorithmic trading to Financial Engineering problems, C++ libraries plays a key role in computationally intensive parts which essentially requires highly skilled expertise in Finance, Mathematics and statistics. One of the Primary advantage of C++ libraries are they are extremely fast and robust and most widely used in high performance computing applications.
Let me cut short the top down analysis quicker in Bank Nifty Future Charts. We are trending higher on the monthly timeframe, weekly timeframe and daily timeframe. Typically every timeframe is indicating long. However banknifty looks structurally weak due to the nature of consecutive overlapping consolidation phases. This makes one to doubt about the current elongation of the trend above which occurs recently above the consolidation phases.
Spoiler Alert: This is not about payment apps! It’s a little bit about Robots, but not Robo Advisors. Whoever had to get rich writing them, pretty much has. Tough luck.
I read about a boring merger of fund managers in the UK recently. Standard Life and Aberdeen Asset Management are supposedly merging to stave off competition from low cost, passive fund managers. That’s what triggered my thought process.
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The EUR/USD consolidated its recent gains following a surge in the exchange rate in the wake of the ECB meeting. While the central bank mostly stuck to the script, keeping rates unchanged and QE in place, it did strike a more neutral stance but this will come slowly over a long period of time. Draghi, shrugged off the recent increases in inflation as transitory, and believes there is a need for the current stimulus to remain intact.
After Uttar Pradesh and Uttarkand Election results, street expectations are getting extremely positive as majority of the traders and investors community hoping markets set to gap up after BJP’s landslide victory in Uttar Pradesh. Also Data released by the CSO last friday showed – industrial production (IIP) rose 2.7% in January after contracting by 0.4% in December which adds more fuel to the extreme positive sentiment. Lets do the top down analysis to understand the current state of the market.
In the long run, the direction of most equity markets is always up. That’s the best reason one can think of for long term buy and hold style of investing. However, there are downsides in the short term. The efficient market hypothesis indicates that investors (or fund managers) can’t do much about these temporary downsides. Does that mean the market is efficient?
USDINR Daily charts are showing clear divergence when fisher transform indicator is applied over the charts. Fisher transform generally converts any probability distribution to Gaussian Probability Distribution. Thus making the indicator better in identifying turning point at the edges and helps trader in identifying trend reversals in the discretionary trading.