The signs are everywhere on Wall Street. Trading floors that once buzzed with noise and energy are now as silent as cathedrals . Big firms that reaped huge profits from trading stocks, bonds, commodities and currencies are turning to staid money management to boost earnings.
First of all, below I will go into the facts of my trading system and how I trade it. This info will help others here answer my question at the end of this message.
In the days before ubiquitous computers, floor traders needed a simple way to calculate intraday levels of support and resistance. Enter pivot points. Pivot points use the high, low, and closing price of the previous day to project support and resistance levels for the current day. For instance, the…
The European Union would target state-owned Russian banks vital to financing Moscow’s faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday.
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