gold forex stock

Candle Stick Formation

2010-12-12T19:56:00.000-08:00

Candlesticks are usually composed of the body , and an upper and a lower shadow (wick): the area between the open and the close is called the real body, price excursions above and below the real body are called shadows. The wick illustrates the highest and lowest traded prices of a security during the time interval represented.
The body illustrates the opening and closing trades. If the security closed higher than it opened, the body is white or unfilled, with the opening price at the bottom of the body and the closing price at the top. If the security closed lower than it opened, the body is black, with the opening price at the top and the closing price at the bottom. A candlestick need not have either a body or a wick.

In here i give some examples to read candlestick that maybe you can learn in making your position transaction.

The Bullish Candlestick Formations
These are all bullish pattern. Some of them indicate strong bullish pattern. Few simple guide, if the following formations are found then it is likely that there is a bullish trend is imminent.

Hammer : you surely can guess why it is called a hammer. Hammer came after a strong downtrend. If there is a trend strengthened after sharp it is called the hanging man. Shaped like a bullish pattern with the lowest price that in and do not have the highest price.

Long Bearish Candle : bearish candle occurs when prices open near the highest price and closed near the lowest price.

Pricing Line : First Candle is a long bear candle followed by a too long bull candle. Bull Bear candle candle appears below but not until half of the bear candle.

Bullish Engulfing Lines : This is a strong bullish pattern and occur after a significant downtrend (and usually the trend reverse.) Occurs when a small bearish followed by a large bullish.

Hanging Man : Occurred after a significant uptrend. Consisting of two candles with the lowest price that far down without the highest price. This pattern is the opposite of the bullish candlestick formation Hammer.

Dark Cloud Cover : is a bearish pattern. It would be more powerful if the second candle appears in the bottom of the first candle bullish.

Shooting Star : is the trend behind the minor. Star must have the highest price, which is long enough to be able to say shooting star.

Doji Star : As in bullish doji star, doji star such as this indicates a bearish trend with a period of uncertainty. Necessary reinforcements such as evening star for sure.

Bullish Doji Star : Star like this show that are behind the trend is still uncertain. If there is no other supporting indicators that confirm the trend will last, it is advisable to wait and see first.

Morning Star : This pattern indicates the price has reached its bottom (support) potential. The emergence of star (candle in the middle) indicates will occur when followed behind the bullish trend on the next candle. Star can be a bull or bear candle candle.

Evening Star : Showing that prices have reached a resistance point. Star (candle in the middle) shows the possibility of turning the form of a bearish trend. Star can be a bear or bull candle candle.

Neutral Candlestick Formations
Neutral Candlestick Formations do not show an uptrend or downtrend. For these circumstances are advised to wait and see.

Doji : As Doji on bullish or bearish formation. Positions such as these indicate uncertainty and the trend is going to happen periode.

Double Doji : Now for a model double doji like this likely will happen is the "breakout" to the uncertainty of what happened. However, the breakout model that will happen remains uncertain from these formations only. There must be other support.

Spinning Tops : It was symmetrical and the distance between the open and close is not too big. There is no certainty what will happen afterwards.

Harami : Models such as these indicate the reduced momentum of the trend that will soon be followed by the end of the trend. Consisting of the candle with a smaller size in the middle of a larger candle before. In the example in addition to marking the end of a bullish trend as bullish bearish candle followed by smaller ones.

Reversal Candlestick Formations
This formation is specific for the trend back / reversal.

Long-legged Doji : Frequently indicated turning point. Occurs when open and closing price is equal to the highest and lowest price is relatively large.

Dragonfly Doji : also a turning point. It's just here indicate that the lowest price was far greater than the highest price.

Gravestone Doji : Open and close and the lowest price is the same. While the highest price is much higher.

Stars : Now this is a reverse star. His position on top of the candle before the same kind. As in other formations, this condition indicates a trend reversal may occur.

Making Downloader

2010-12-10T23:06:00.000-08:00

If you use metastock you can download this hystorical data price LGD HKK JPK EUR GBP for making downloader.
After you download the file now you can open the file example for LGD
Now open your downloader click new and then security see pictore below

After you fill for Name Loco Gold and Symbol LGD for date because i use hystorical from 1-Oct-1996 if you have any hystorical in below 1996 year just change the date .

For periodicity i use daily because my data daily price if you have another periodic just change the step is same.
After that you can click create and will show menu like picture above

Now open your xls hystorical data copy all data from 10/1/1996 and the paste to Downloader like sample below.

Now you can save the downloader .
After that you can open metastock find symbol LGD.

And now you can see chart daily Loco Gold you can analyze the daily chart with metastock.

Metastock

2010-11-08T23:20:00.000-08:00

Metastock show you signal or trend market for trader making your transaction is easy and profitable.
Download Metastock Version 11.00
You must download all part.

- Part I
- Part II

- Part III
- Part IV
- Part V

Join File with Hjsplit If yo don't have HJSplit download here.

Open folder Setupand then click MS110EOD

Click Setup

Click Next

If you want install Net Framework you click Yes if you don't want you can click no

Accept License Agreement and then click next

Then you must file name and serial number and click next

Chose the folder what do you want and click next

Chose what do you want to set up and click next

Click Next

Setup Finish

After Finish Restart Metastock Now You can trade like pro enjoy it

World Gold Market

2010-10-15T19:50:00.000-07:00

World Gold Market

Loco London Gold Market
In London, gold and silver are traded by members of the London Bullion Market Association (LBMA), supervised by the Bank of England. Most of its members are international banks or bullion dealers and some giant refiner.
Gold Market America
In 1975, America New YorkCommodity Exchange to start trading COMEX gold forward, into the central gold forward world trade. Today, gold futures markets in New York replacing London's status in regulating the market in the world gold price. The reason why this happens? Because the New York market has the advantage in the transaction method, aggregate supply, the marked price and time of transaction.
Hong Kong Gold Market
Gold market in Hong Kong is also known as the gold market Loco (Local) London. Now the market has about 70 participants who actively trade, mostly banks, investment companies and local gold traders to hedge against their positions in the futures market. Loco London gold market is qoute in U.S. dollars per troy ounce 99.99% pure gold and with delivery in London.

Gold Prices

Gold standard (Bretton Woods, 1944)
Gold prices set at $ 35 per ounce and currency $ 1 is a representation of 1 / 35 ounce of gold.

London Gold Fixing (since 1968)
Defined 2 times a day based on the results of the meeting representatives of 5 companies bullion trading.

Spot Gold (since the Nixon Shock 1971)
U.S. government policy to dismiss the direct conversion of the USD against gold.

World Gold Transaction Cycle Time

Loco Gold

2010-10-14T21:31:00.000-07:00

Gold is one of the most popular commodities for investment purposes. In addition, gold is also used as a financial or economic standards, foreign exchange reserves and the most important means of payment in some countries. Investors typically buy gold to hedge or safe haven to several crises including economic, political, social or crisis-based currency.

Demand for physical gold has increased significantly from year to year. Yet the world's gold reserves are very limited. Therefore, in some developed countries has provided an alternative investment in the form of gold derivative products to attract a number of margin as collateral transactions (margin trading). Why needed margin?. This is because of the price factor, where the gold price can fluctuate as well as other commodities.

In commodity markets the term "Loco" means "in". Derived from the Latin meaning Locus place. Loco London represents the basis of trade and international settlement of gold and silver in London. Implementation of this market under the auspices of the London Bullion Market Association (LBMA), but not the stock.

Markets physical gold (spot gold) is the world's largest London and Zurich, but London's most prominent. London grew to dominate the gold market when gold became the main currency. Significant discovery in the Urals (Russia) has increased the global gold production in the 18th.

Mid-19th century became the moment for England to dominate world trade and finance, as a source of capital for mining gold, and became the gold standard of the local currency. Thus, London became the center of world gold trading and settlement.

London gold market is a market Over-The-Counter, which means trading is done directly between two parties involved, and not through third parties that govern trading, like stock.
OTC market lasts 24 hours a day and has no formal structure and no central meeting place. Most of the trade conducted by telephone or electronic dealing system.
In today's global financial markets, gold trading in London nearly held all the time around the world. Dikuotasikan bid and ask prices continuously on the financial market information systems that are accessible, such as Reuters.

Gold Fixing Member

Deutsche Bank Sharps Pixley
Midland Bank PLC (HSBC)
N. M. Rothschild & Sons Limited
Republic National Bank of New York
Standard Chartered Bank, Mocatta Group