Recent content by r.w.

From CMC. Doesn't seem like it touched 1.0150. Low of 1.0154. The resolution of the chart unclear, though, so could still have touched.

What happened was that the rate jumped about 40 pips in not too many ticks and seconds, and 4.34 coincides with the time when you could have entered a short based on bounce off a pivot level - assuming ecn/interbank spread and low latency execution. The way FXCM handled this seems a bit...

Most spread-betting or retail fx companies have facilities for funding the account using a debit card or BACS/wire transfer. Free of charge of course. Some also have online facilities for withdrawing funds to the same card/account which is handy if you start making profits. ;) Also, you may...

Sorry for being brief. If you had googled 'foreign exchange transfer' the companies mentioned below would have come up.

Grant, I am not sure I understand your question, but a possible further clarifification would be to say that it's a question of what constitutes proper method in economic sciences. The natural sciences have a few centuries of development on that front, whereas the situation is entirely...

And that goes for aud-jpy as well, which also gets hit by NFP volatility.

NFP is at 1.30pm, and the saying goes "When in doubt, stay out."

The show-stopper there is that they only return money to where it came from for anti-laundering reasons.

There's a number of companies catering to this need. Use google, and I am sure you will be able to identify the main contenders.

The work isn't flawed as such, but like all models it's imperfect, relies on assumptions, and one needs to be aware of and manage the deviations. And the naivety alluded to was referring to the failure to recognise and teach those flaws. I think these flaws are of a generic nature rather than...

Sorry for lack of clarity. I wasn't trying to score points agaisnt Harry Markowitz, whose contributions were impressive given time and context, but rather point out how naively his theories are 'understood' and taught in most business schools today. Mandelbrot was in the fortunate position to...

Excellent post. It's not about the equations, but about the understanding of the concepts and models as well as their applicability. Again, a good reason for studying science rather than economics/finance...unless you're lucky to have a professor who returned to academia after managing a...

I am glad we agree. Incidentally, there has been plenty of data analysis and forecasting work done using wavelets, which is the tool of choice for analysing fractal data. It's more or less standard in many fields of data analysis, and there's even been a monograph written about its applications...

Not this particular one, but the type is familiar. We used to have them, years ago, on All Saints Road here in the 'hood. Called crack dealers. Give you a nice feel, but you develop dependencies and lose money. All Saints Road has been cleaned up now, and this fella would have been worth...

At the start of the trading day, open this link TradingNaked - "The interpretation and application of price action concepts" and listen to the calming message. Then try to keep the state of mind created throughout the day.