Entries by Spencer Li

Book Summary: Fibonacci Analysis by Constance Brown

“Fibonacci Analysis” by Constance Brown is a comprehensive guide to understanding and utilizing Fibonacci ratios in technical analysis. The book delves into the history and origins of Fibonacci ratios and explains how they can be used to identify key levels of support and resistance in the financial markets. This book is an essential read for […]

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Book Summary: Expert Advisor Programming by Andrew Young

“Expert Advisor Programming” is a comprehensive guide to creating automated trading systems for the MetaTrader 4 platform. Written by Andrew Young, a seasoned programmer and trader, the book provides a step-by-step guide to creating profitable and reliable expert advisors. Whether you’re a novice trader or a seasoned professional, this book will give you the tools […]

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Book Summary: Evidence-Based Technical Analysis by David Aronson

“Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals” is a groundbreaking book that challenges the traditional approach to technical analysis. Written by David Aronson, a renowned statistician and expert in the field of quantitative finance, this book provides a fresh perspective on technical analysis, using statistical evidence to support its […]

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What is the FOMC (Federal Open Market Committee) Meeting and How to Trade it?

One of the most important piece of news data for traders and investors is the FOMC meeting, so you probably have heard it many times on the news. But what exactly do they discuss, and why is it so important? The Federal Open Market Committee, or FOMC, is a powerful branch of the Federal Reserve […]

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Weekly Market Wrap: Is this Finally a New Bull Market?

Investors’ views on inflation, recession risk, and monetary policy were fickle throughout much of 2022. Recently, a positive bias has emerged, reflected in the downward shift in interest rate expectations and upward move in securities prices since mid-October. Investors appear to be interpreting economic data as evidence that a dovish pivot (Fed stopping interest rate […]

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