Using Candlestick Charts to Trade Forex copy
... bottom, and the closing price of a white candle is on top. This is reversed for black candles. The “shadows” or “wicks” of the candle consist of a line protruding up from the top that visually indicates the high point of the time period, as well as a line protruding down from the bottom of the body ...
... bottom, and the closing price of a white candle is on top. This is reversed for black candles. The “shadows” or “wicks” of the candle consist of a line protruding up from the top that visually indicates the high point of the time period, as well as a line protruding down from the bottom of the body ...
Printed Documentation - futuresource.com | futuresource.com
... Add a Study to a Chart ........................................................................................................... 40 Overlay a Study ...................................................................................................................... 40 Change Study Color ......... ...
... Add a Study to a Chart ........................................................................................................... 40 Overlay a Study ...................................................................................................................... 40 Change Study Color ......... ...
Generating South African Volatility Surface
... details of the optimisations are given in some Appendixes. ...
... details of the optimisations are given in some Appendixes. ...
Predicting Returns and Volatilities with Ultra
... Two indistinguishable classes of traders - informed and uninformed When there is good news, informed traders will buy while the rest will be buyers and sellers. When there are more buyers than sellers, there is some probability that this is due to information traders – hence prices are increased by ...
... Two indistinguishable classes of traders - informed and uninformed When there is good news, informed traders will buy while the rest will be buyers and sellers. When there are more buyers than sellers, there is some probability that this is due to information traders – hence prices are increased by ...
Stock Return Serial Dependence and Out-of
... find lead-lag relations between: big-stock portfolios and small-stock portfolios, growth-stock portfolios and value-stock portfolios, the HiTec industry portfolio and other industry portfolios, and big individual stocks and small individual stocks. Our second contribution is to characterize, both an ...
... find lead-lag relations between: big-stock portfolios and small-stock portfolios, growth-stock portfolios and value-stock portfolios, the HiTec industry portfolio and other industry portfolios, and big individual stocks and small individual stocks. Our second contribution is to characterize, both an ...
Stock Return Serial Dependence and Out-of
... has been documented in the literature to select portfolios of risky assets that perform well outof-sample. We tackle this task in three steps. First, we propose a vector-autoregressive (VAR) model to capture stock return serial dependence, and test its statistical significance. Second, we characteri ...
... has been documented in the literature to select portfolios of risky assets that perform well outof-sample. We tackle this task in three steps. First, we propose a vector-autoregressive (VAR) model to capture stock return serial dependence, and test its statistical significance. Second, we characteri ...
Investor Sentiment and the Mean
... perturbing prices away from levels that would otherwise reflect a positive mean–variance tradeoff. Despite some debate with respect to the overall importance of sentiment traders, one can reasonably make the following two cases. First, sentiment traders exert greater influence during high-sentiment pe ...
... perturbing prices away from levels that would otherwise reflect a positive mean–variance tradeoff. Despite some debate with respect to the overall importance of sentiment traders, one can reasonably make the following two cases. First, sentiment traders exert greater influence during high-sentiment pe ...
An Examination of Primary and Secondary Market Returns in Equity
... findings are consistent with the theories based on compensation to primary market participants for information production and risk taking during the roadshow.5 Third, we compare the primary and secondary market returns of equity REIT IPOs with traditional non-REIT IPOs in an effort to focus on the p ...
... findings are consistent with the theories based on compensation to primary market participants for information production and risk taking during the roadshow.5 Third, we compare the primary and secondary market returns of equity REIT IPOs with traditional non-REIT IPOs in an effort to focus on the p ...
Bid-ask spread components on the foreign exchange market: The
... major in Finance. The subject was chosen because it had so many different elements in it which could provide me with the necessary variation during the whole period I worked on it and because I have a general interest in financial topics. After more than a year of hard work, it still is interesting. ...
... major in Finance. The subject was chosen because it had so many different elements in it which could provide me with the necessary variation during the whole period I worked on it and because I have a general interest in financial topics. After more than a year of hard work, it still is interesting. ...
Stock market liquidity and firm value
... to disguise private information and profit from it. The higher information flow that results from higher liquidity increases the signal-to-noise ratio in stock prices which increases the gain from using stock-based compensation. We do not find support for other agency-based operating performance theori ...
... to disguise private information and profit from it. The higher information flow that results from higher liquidity increases the signal-to-noise ratio in stock prices which increases the gain from using stock-based compensation. We do not find support for other agency-based operating performance theori ...
Understanding Trading and Investment Warrants
... In the case of cash settled warrants, the difference between the exercise price (sometimes referred to as the exercise level) and the value of the underlying instrument at expiry is paid on settlement. ...
... In the case of cash settled warrants, the difference between the exercise price (sometimes referred to as the exercise level) and the value of the underlying instrument at expiry is paid on settlement. ...
Night Trading: Lower Risk But Higher Returns? by Marie
... However, transaction costs have declined sharply over the last decade, and the paper calibrates commission rates realistically by surveying broker fee structures for 2014 in the United States and finding the lowest costs. From a cost standpoint, overnight strategies offer an interesting case because ...
... However, transaction costs have declined sharply over the last decade, and the paper calibrates commission rates realistically by surveying broker fee structures for 2014 in the United States and finding the lowest costs. From a cost standpoint, overnight strategies offer an interesting case because ...
NBER WORKING PAPER SERIES THE VARIABILITY OF IPO INITIAL RETURNS Michelle Lowry
... we find significant differences in the accuracy of price discovery during the IPO period (i.e., a significantly lower level and volatility of initial returns for auction IPOs) but little difference in the provision of auxiliary services (analyst coverage and market making) to issuers. The size of th ...
... we find significant differences in the accuracy of price discovery during the IPO period (i.e., a significantly lower level and volatility of initial returns for auction IPOs) but little difference in the provision of auxiliary services (analyst coverage and market making) to issuers. The size of th ...
SP170: Did NASDAQ market makers successfully collude to
... 70 even stocks they studied on the day after Christie-Schultz’s findings were publicized by the press (May 26, 1994).1 Their paper was awarded the Smith Breeden prize for the best Journal of Finance article, conferences followed (one of which gave rise to a 1997 special issue of the Journal of Finan ...
... 70 even stocks they studied on the day after Christie-Schultz’s findings were publicized by the press (May 26, 1994).1 Their paper was awarded the Smith Breeden prize for the best Journal of Finance article, conferences followed (one of which gave rise to a 1997 special issue of the Journal of Finan ...
The performance of estimators of the bid-ask
... is investigated. Lower-frequency data can be obtained from higher-frequency data, and some estimators are explicitly designed for low-frequency data. A further important aspect is what might be called the signal-to-noise ratio. The spread (the signal) is harder to measure accurately when it is smal ...
... is investigated. Lower-frequency data can be obtained from higher-frequency data, and some estimators are explicitly designed for low-frequency data. A further important aspect is what might be called the signal-to-noise ratio. The spread (the signal) is harder to measure accurately when it is smal ...
Not Just One Man - Barings I. How Leeson Broke Barings II. Lessons
... the floor of an Exchange by just one Member who is both buyer and seller. If a Member has matching buy and sell orders from two different customer accounts for the same contract and at the same price, he is allowed to cross the transaction (execute the deal) by matching both his client accounts. How ...
... the floor of an Exchange by just one Member who is both buyer and seller. If a Member has matching buy and sell orders from two different customer accounts for the same contract and at the same price, he is allowed to cross the transaction (execute the deal) by matching both his client accounts. How ...
Does Financial Development Volatility Affect Industrial Growth
... controls, Larrain (2006) finds a significantly negative coefficient on the interaction term, arguing that lower volatility output occurs in sectors with higher external dependence and in countries with better financial development. Raddatz (2006) uses the same framework to investigate whether financ ...
... controls, Larrain (2006) finds a significantly negative coefficient on the interaction term, arguing that lower volatility output occurs in sectors with higher external dependence and in countries with better financial development. Raddatz (2006) uses the same framework to investigate whether financ ...
Causes and Consequences of Margin Levels in Futures Markets
... the lack of readily available data on historical margins. Gay et al. (1986) and Fishe et al. (1990), who consider commodity futures, and Goldberg and Hachey (1992), who consider foreign exchange futures, find that margin levels are primarily determined by price volatility. Fenn and Kupiec (1993) find ...
... the lack of readily available data on historical margins. Gay et al. (1986) and Fishe et al. (1990), who consider commodity futures, and Goldberg and Hachey (1992), who consider foreign exchange futures, find that margin levels are primarily determined by price volatility. Fenn and Kupiec (1993) find ...
Common Factors in Return Seasonalities
... We show that return seasonalities exist almost everywhere, are remarkably persistent over time, and are often so large that they completely overwhelm the unconditional differences in expected asset returns. Although seasonality strategies are immensely risky because of their exposures to common fact ...
... We show that return seasonalities exist almost everywhere, are remarkably persistent over time, and are often so large that they completely overwhelm the unconditional differences in expected asset returns. Although seasonality strategies are immensely risky because of their exposures to common fact ...
1 INVESTMENT: UNIT - 1 Investment involves making of a sacrifice
... and speculation are some what different and yet similar because speculation requires an investment and investment are at lest some what speculative. Probably the best way to make a distinction between investment and speculation is by considering the role of expectation. Investments are usually made ...
... and speculation are some what different and yet similar because speculation requires an investment and investment are at lest some what speculative. Probably the best way to make a distinction between investment and speculation is by considering the role of expectation. Investments are usually made ...
Asset Liquidity and Stock Liquidity
... different time periods. Using the Fama-MacBeth (1973) approach, we also find a strong, positive relation between asset liquidity and stock liquidity in the cross section. Thus, our empirical analysis shows that, on average, the balance sheet relation between asset liquidity and stock liquidity does ...
... different time periods. Using the Fama-MacBeth (1973) approach, we also find a strong, positive relation between asset liquidity and stock liquidity in the cross section. Thus, our empirical analysis shows that, on average, the balance sheet relation between asset liquidity and stock liquidity does ...
Takeovers, Freezeouts, and Risk Arbitrage
... of shares, provides a threat that forces the bidder to o¤er a high preemptive bid, even though there may be no de facto trading during the tender o¤er (see also Fishman (1988)). A concentrated ownership structure allows target shareholders to leverage their rights and increase their bargaining power ...
... of shares, provides a threat that forces the bidder to o¤er a high preemptive bid, even though there may be no de facto trading during the tender o¤er (see also Fishman (1988)). A concentrated ownership structure allows target shareholders to leverage their rights and increase their bargaining power ...
JSE SAVI Squared Brochure A4.cdr
... increments. In other words, the accuracy of the fair variance is more prone to truncation errors. Safex publishes volatility skews for a strike range of 70% to of 130%. The strike range used will thus be from 70% moneyness to 130% moneyness. For a small number of symmetrical options (< 20) we have t ...
... increments. In other words, the accuracy of the fair variance is more prone to truncation errors. Safex publishes volatility skews for a strike range of 70% to of 130%. The strike range used will thus be from 70% moneyness to 130% moneyness. For a small number of symmetrical options (< 20) we have t ...
Speculation and Risk Sharing with New Financial Assets
... diversi…cation and the sharing of risks.1 However, this view does not take into account that new assets are often associated with much uncertainty, especially because they do not have a long track record. Belief disagreements come as a natural by-product of this uncertainty and change the implicatio ...
... diversi…cation and the sharing of risks.1 However, this view does not take into account that new assets are often associated with much uncertainty, especially because they do not have a long track record. Belief disagreements come as a natural by-product of this uncertainty and change the implicatio ...
Risk and Long-Run IPO Returns - Berkeley-Haas
... due to the extremely low returns earned by companies that went public during the period 1970{ 1972. The equal-weighted BHAR for size-matched rms is 68.7%, resulting in a relative IPO underperformance of BHAAR = ;28:8%, which compares to the BHAAR of ;50:7% reported for the IPO sample in Loughran an ...
... due to the extremely low returns earned by companies that went public during the period 1970{ 1972. The equal-weighted BHAR for size-matched rms is 68.7%, resulting in a relative IPO underperformance of BHAAR = ;28:8%, which compares to the BHAAR of ;50:7% reported for the IPO sample in Loughran an ...