Archive for category: Technical Analysis


McGinley Dynamic

28 March, 2007 (15:18) | Technical Analysis | By: Colin McGinley

It seems like there is a technical indicator called a McGinley Dynamic.
When I first came across this term today I was like, ‘Cool! I’ve invented a technical indicator.’
Maybe I did it in my sleep, or have somehow purged the creation from my memory.
Alternatively, it’s some other guy or gal with the [...]

The Impeccable Hedge

25 February, 2007 (15:43) | Technical Analysis | By: Colin McGinley

I have been keeping an eye on the various discussions of FreedomRocks around the web. I have already given a pretty in-depth explanation of the type of strategy that FreedomRocks is using in my correlations post.
I explained that the FreedomRocks strategy is not a pure hedging method. Instead it provides a hedge against [...]

Cost averaging in overdrive

7 February, 2007 (20:53) | Technical Analysis, Trading Plan | By: Colin McGinley

If cost averaging is such an important part of my forex trading strategy then why do I bother to ever close a trade out for a loss? Why not just keep cost averaging until all my open positions come back into profit and then close them all out?
If you’ve harboured such questions then you [...]

Correlations

12 January, 2007 (11:36) | Relational Analysis, Technical Analysis | By: Colin McGinley

There seems to have been a recent resurgence in the usage and discussions of correlations between forex pairs. Two currently high profile forex trading systems that seem to be primarily based on using correlations are FreedomRocks and ForexForSmarties. Tom Yeomans also seems to be on a correlations trip at the moment, although he [...]

How traders deal with uncertainty

8 January, 2007 (12:56) | Psychology, Technical Analysis | By: Colin McGinley

There is a constant challenge that must be confronted each and every day by a trader. How do I make the decision to buy or sell now when I don’t know what the future may bring?
Throughout our years of early formation, in school and in university, we have always been taught that if you [...]