Welcome!
I'm Scott, an aspiring full time FOREX trader. I'm also sort of a "math geek in training" so I frequently apply the tools of mathematics and science to my study of FOREX price behavior. This site is where I store my research notes (rambling as some of them may be...) as well as my more coherent mathematical market musings.
Note: Due to a scheduling change, I'll be updating the charts on this page at approximately 2:00 AM New York (Eastern) time now.
The chart below shows the relative pressures on price resulting from news releases over the past 20 days. The method behind this analysis is here.
Wednesday 12/03/08: This chart reflects all of the news releases through Wednesday's close. The Pound has dropped back into third place now and the Euro continues its decline into negative territory. The USD and CHF are still the worst performers in terms of news release pressures.
The chart and tables below show the relative strengths of eight major currencies over the past 20 days based on the buying power of each with respect to oil.
NOTE: I'm now showing the currencies on a strength scale that goes from 0% for the weakest to 100% for the strongest. This allows the values for each date to remain constant in the past instead of being recalculated each day. Because I just started this, only the most recent dates on the chart show an accurate representation of relative strength. The chart will be fully accurate after 20 full days, on about 12/22/08.
Wednesday 12/03/08: It was an odd day with the AUD leading the pack and the NZD showing the worst performance. The reason is just that the price of oil didn't change much today, so the daily performances were clustered close together. There was little change in the 20-day standings.
FOREX Market Mathematical Musings
Note: "Intellectual property is neither." Anyone who wishes to copy and use these articles elsewhere is free to do so. I only ask that you credit me as the author and include a link back to this site.
Four Problems with Technical Analysis
Backtesting & Data Mining
A Random Rant on the Random Walk
Beyond the Random Walk - A New Market Paradigm
Statistical Trading - Getting the Edge
New Frontiers in FOREX Market Analysis
"Stop Hunting" -- What is it?
Placing Better Stops
