Gary Burton is a Senior Client Advisor and an accomplished technical analyst. He has presented Traders Expo, ATAA meetings and has appeared regularly on Sky Business "Your Money Your Call". Gary is an Authorised Representative, holds an ATAA Diploma of Technical Analysis (Finsia) and also ADA 1 & 2 in Securities and Derivatives.
Based on a weekly basis, the Haguro Method provides a great way to analyse instruments on a longer-term basis. This makes it great for longer term positions in a retirement account, or for setting an outlook if you are a short-term trader.
The Haguro candlestick pattern is simply a way to identify support and resistance levels, but with a different approach. Furthermore, contrary to the general opinion of plotting horizontal support and resistance levels at closing or high/low price levels, the Haguro method focuses on the candle’s range, thus making the mid-points of the weekly candlestick as the support and resistance method.
You can use the Haguro Method with MetaStock to scan for instruments that have crossed through their midpoint or are currently showing a reversal bar. The commentary in MetaStock does a great job in showing you the lines on a chart and explaining them to you every week.
Considering the market volatility over the past 6 weeks, we'll be interested to hear what Gary's has to say about the outlook for the financial markets over the coming months, and his thoughts about the question on everyone's lips - are we in a bull or a bear market? He will highlight some of the chart patterns we should look for and will conclude by discussing his involvement with the Reuters report.
In tonight’s presentation around Futures, FX and Commodities Trading, Gary will look at the different data streams available.
Many traders believe they are trading a true futures contract, but should be aware the data they are receiving may be generated by market algorithms using an ECN (Electronic Communication Network).
We will look at the difference between the physical markets and the ECN networks offered by some brokers in FX and commodities trading. As always, Gary will offer some insights into the analysis around these products.