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With more and more individuals getting into trading the markets, the need for high quality analysis is also on the increase. Brokers are bringing out more advanced platforms for trade execution while spreads and commissions are getting tighter and lower. With more competition in the marketplace, also among service providers and educators, the smaller and less dynamic companies are losing their foothold to firms that offer real value and constant innovation. 越来越多的人进入市场交易,对于高质量分析的需求也与日俱增。经纪商对于交易执行提供了更为先进的平台,然而差价和佣金变得越来越严格和低廉。随着市场激烈的竞争,同样在服务提供者和培训机构中,那些缺乏活力的公司正逐渐失去立足点于提供真实的价值和不断革新。 Все больше и больше людей начинают торговлю на рынках, и вместе с этим растет необходимость обеспечения высокого качества анализа. Брокеры предоставляют более передовые платформы для ведения торговли в то время как спрэды и комиссионные становятся меньше. При большей конкуренции на рынке, а также между поставщиками торговых и образовательных услуг, более мелкие и менее динамичные компании уступают свои позиции компаниями которые предлагают реальную пользу и постоянную инновацию. (more...)

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Autochartist.com’s market analysis platform is now available to UFXMarkets customers. Autochartist is a market analysis tool that scans financial markets for trading opportunities through the formation of technical support and resistance levels in the form of chart and Fibonacci patterns. Autochartist tools are applicable to both trend traders and swing traders, and provides real-time alerts of market opportunities throughout the trading day. The Autochartist suite of tools are available free to all live account holders at UFXMarkets and complement its existing research and analysis offerings.  Ilan Azbel, CEO of Autochartist.com said “Autochartist prides itself on the quality of its market research and our tools complement UFXMarkets’ market-leading trading platform. We are delighted to be involved with a company that values its relationship with customers”. (more...)

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NEW YORK, NY (JULY 28, 2010)  - FXDD, a leading online Forex broker, is now offering the latest version of Autochartist, a popular software tool used for automated trend analysis while trading in financial markets. The newest version of Autochartist, which is now web based, is offered for free to all FXDD customers with live trading accounts. (more...)

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GRAND RAPIDS, Mich., June 14, 2010 - GFT has introduced Autochartist Trade Ideas, a new, complementary Application that helps short-term currency traders reduce the amount of guesswork involved when deciding which currencies to trade. Autochartist Trade Ideas provides real-time trade setups that include all of the necessary information that beginner and intermediate traders alike need to confirm existing research and help them feel more confident in their trading decisions. "We asked our customers, ‘What would help you become a better trader?'" said Gary L. Tilkin, president and CEO, GFT. "These real-time trade ideas are the result of listening to both the market place and our customers and then taking action to deliver a great product that helps make price-chart patterns more meaningful to traders," said Tilkin. (more...)

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GFT - worldwide leaders in online currency trading - and Autochartist -  chart pattern software for forecasting financial market trade ideas, have teamed up to offer traders  new Fibonacci-based market patterns, including two patterns exclusive to GFT. GFT customers now have access to Autochartist's powerful market-pattern-recognition capabilities for no cost. The software assists traders in identifying potential market patterns using its popular forward-looking market analysis tools to help determine possible trades, which are then executed with GFT'™s DealBook® 360 trading software. Autochartist has already proven itself an asset to traders, but collaboration with GFT has enabled both companies to take the software a step farther. In addition to chart patterns such as flags, pennants, double-tops, double bottoms and triangles, Autochartist now also automatically detects and alerts traders to several Fibonacci-based patterns, including the standard Fibonacci retracements, standard Fibonacci projections, standard three-drive patterns  and, exclusive to GFT, butterfly and Gartley patterns. (more...)

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Stock markets have rallied strongly, with the FTSE 100 index rising 19 per cent in the calendar year, and up 46 per cent since March 2009.  But, with many analysts expecting the rally to stall in mid-2010, as bank stocks are held back by new regulatory requirements and the sluggish economic recovery weighs on corporate earnings, more traders are using technical analysis indicators that can help call the top of the market. Joshua Raymond of City Index says: "An increasing number of clients are turning to technical analysis to help spot trends and trading opportunities."  Technical analysis tools can also help traders find ways to make money if stock markets trade sideways, which is probable, says David Jones, chief market strategist at IG Index.  (more...)

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Interactive pattern recognition technology now available IG Index, the UK's leading financial spread betting firm, is now offering clients access to technical analysis with online automated pattern recognition technology from Autochartist. IG Index is the first spread betting firm to offer the Autochartist suite of analysis tools and the first spread betting company to offer the service on multiple asset classes, having previously only been available on foreign exchange. The automated pattern recognition software will assist those already using technical analysis by making it easier to identify the patterns as they emerge, while the growing number of spread bettors wanting to learn more about this trading strategy also stand to benefit from this innovation. (more...)

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CitiFX Pro is offering their customers access to the Autochartist service, a world leading pattern recognition tool, to enhance their trading success. Autochartist identifies chart patterns across multiple currency pairs and time frames. It detects a wide range of patterns in real time as they complete and highlights emerging patterns that offer early trading opportunities. CitiFX Pro's forex trading platforms deliver highly competitive pricing and liquidity to individual and corporate investors through its unique value package. (more...)

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Online foreign exchange trading provider Alpari is now offering traders real time chart patterns from Autochartist - the leading source of software for the forecast of financial market trade ideas. Alpari delivers online Foreign Exchange Trading services to retail and institutional clients through innovative low cost trading technology and optimum access to liquidity. With comprehensive market research and educational tools, Alpari aims to help its clients make informed and responsible decisions. (more...)

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Autochartist is proud to announce the launch of its revolutionary automated chart pattern service on the Forex Club platform. It has expanded its client base to include Forex Club members. Autochartist's exclusive chart pattern recognition software is being supplied to Forex Club, a registered Futures Commission Merchant and a member of the National Futures Association (NFA ID: 0358265). Forex Club's members have been provided with a special version of Autochartist's existing service. (more...)

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Investools secures enterprise license for Autochartist providing access to Realtime Technical Charting for SWIM Brokerage customers and Investor Education customers. It was announced today that Investools Inc. (Nasdaq: SWIM - News), a leading provider of online brokerage technology and investor education services, has acquired an enterprise license for Autochartist, a leading provider of automated chart pattern recognition technology. While Autochartist has been providing chart pattern recognition to the Prophet Financial Systems, Inc. Java Charts product since 2003 and branded as ProphetPatterns, the new license enables Investools to offer this unique solution through the Investools' industry-leading and award winning online brokerage unit, thinkorswim. (more...)

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An agreement was concluded with Gain Capital (www.forex.com) during February 2006 through which they would become the first international forex broker to provide the Autochartist service to their entire user base. (more...)

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The vision for Autochartist has always been to give exceptional service to a growing client base across all parts of the globe. The uptake in Autochartist services has been rapidly increasing, and in order to be able to give their clients the world class service they intend, the company had to come up with a global strategy for delivering results to its user base. (more...)

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Websites For Traders: Stocks & Commodities magazine by David Penn There is an irony in trying to introduce Prophet Patterns, which is one of the newer modules in Prophet.net - aka the "complete technical analysis suite in a browser" - developed by Prophet Financial Systems. That irony lies in the fact that it is difficult to talk about one component of this "suite" - such as Prophet Patterns - without talking about its relationship to other components in the suite. (more...)

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Scanning Thousands of Stocks for Promising Chart Patterns Online Trading Expo, New York, 7th Floor, Booth 1800-1802 New York, New York / Palo Alto, CaliforniaProphet Financial Systems, innovators of Web-based financial applications, today introduced Prophet Patterns, a new chart scanning service that helps active traders identify potentially profitable chart patterns throughout the trading day. Available at the Prophet technical analysis Web site (www.Prophet.net), Prophet Patterns uses state-of-the-art pattern recognition algorithms to scan the market for emerging short-term trading opportunities. Using real-time market data, Prophet Patterns scours more than 3,000 of the most liquid U.S. equities for 14 proven chart patterns and generates bullish and bearish signals throughout the trading day. (more...)

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MDIO Software releases a major new version of their Autochartist stock Chart Pattern recognition engine. The Autochartist recognition engine is designed to identify predefined price Chart Patterns such as Head and Shoulders, Channels, Wedges, and Triangles in stock price movements. The new release of the software is capable of scanning over 1000 charts every 5 minutes (on standard Intel based server hardware). This speed enhancement gives Autochartist the ability to monitor global markets in a semi-real time environment, thus providing invaluable Chart Pattern information to the more active investor that is looking for intra-day signals.

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By JEREMY THOMAS (http://www.sundaytimes.co.za/2002/05/19/business/money/money02.asp) Advocates of fundamental analysis, which requires a thorough working understanding of accounting procedures, are prone to look down their noses at chart-watchers. To them, crunching the numbers to determine a company's value - in relation to its trading environment - will clearly reveal its prospects. What possible use could studying the seemingly random past movements of a share price have in the buying or selling process? Ilan Azbel is used to hearing such heresy. "The methods used by technical analysts to predict future price movements are not always easily understood, making it seem like some form of black magic," he says. The beauty of the technique is that it allows investors to analyse a vast amount of stock price data very quickly - an impossible task for a painstaking fundamentalist. Azbel says the key to successful charting is to identify predefined patterns emerging over time - for example, head-and-shoulders, channels and wedges. The patterns are formed between "support" and "resistance" lines, which are imaginary barriers that the price stubbornly refuses to cross . "A support line can be explained as a price level at which most people in the market would buy the share, resulting in the price never going lower than that specific level. Conversely, a resistance line is a price level at which few people are still willing to buy. They would rather sell at that level, rendering the price incapable of climbing any higher." Azbel is the editor of a new website, autochartist.com, which scans all companies listed on the JSE Securities Exchange, unit trusts, precious metals, commodities, JSE indices, international indices and major foreign currencies. More than 1 500 price charts are scrutinised daily for any one of 14 different patterns. Of four wedge patterns, three have a prediction reliability of more than 75% over the past two years, he says. On average, Azbel claims his patterns will correctly predict the direction of the market two out of three times. Before rushing out to trade based on this apparently foolproof system, the novice trader would do well to find guidance at long-established US technical sites such as raptorgroupresearch.com or sandspring.com. Locally, moneytech.co.za and its partner site sawarrants.co.za offer excellent research and advice. For his part, Azbel says there is a definite trade-off between finding three or four extremely well-formed patterns among 80 stocks, and finding 30 possibly well-formed patterns among 1 000 stocks. "In the former case, you would need a certain level of experience and at least an hour or two in time. In the latter case you would need basic knowledge of chart patterns, and less than an hour to decide which of the 30 possibilities you would invest in." Every pattern found by autochartist.com includes two further conditions that highlight the strength of the pattern found: Start and Volume. "The Start condition indicates whether or not the pattern that has been found conforms to theoretical trends prior to pattern formation. The Volume condition indicates whether or not an increase in the volume existed when the pattern crossed the support or resistance lines." In theory, both Start and Volume conditions - if confirmed - increase the reliability of the pattern and so improve the trader's chances of making the correct call on a stock or index's movement.

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If financial analysis were done during medieval times, the technical analysts, particularly "chartists", would probably have been burnt at the stake. Their methods of successfully predicting future price movements are not always easily understood, making it seem like some form of black magic. Even today the science of charting is reluctantly called a "science", more commonly referred to as an "art". Yet it is a fast growing method of analysing the increasing amounts of stock price data globally available. Charting refers to technical analysis that is done through the painstaking investigation of share price data to identify predefined patterns emerging over time; for example, "head-and-shoulders", "channels" and "wedges". Chart patterns form the foundation of technical analysis as it is known today. The formation of such patterns in stock charts help predict the future trends of the stock prices. The patterns are formed between support and resistance lines, which are imaginary barriers that the price stubbornly refuses to cross during the lifetime of the pattern. A support line can be explained as a price level at which most people in the market would purchase the share, resulting in the price never going lower than that specific level. Conversely, a resistance line is a price level at which few people are still willing to buy - rather they would sell at that level, rendering the price incapable of climbing any higher. Despite the fact that every book written on technical analysis speaks of such patterns, and that these patterns form the foundations of technical analysis, charting remains a manual task that requires a human to visually inspect every chart, looking for any of a variety of predefined patterns. Using human analysts to look for chart patterns among hundreds of price charts remains an expensive and time-consuming route to follow, and it has its drawbacks. For one, a person is not equally cognitive of all patterns at the same time - they might notice a Channel while failing to also see the Rising Wedge. Furthermore, the time it takes for one person to analyze one chart is too great to make analysis of entire markets viable. Yet, many investors are very comfortable using chart patterns as they offer an easily understood set of signals that are well documented in technical analysis literature. There is a large overlap amongst different views on charts, which form the basis of the technical analysis knowledge known by the public. Recently a South African company has come up with their own technology for automating the technical analysis process. Their web site, jse.autochartist.com, offers daily reports on chart patterns that were found by the software application that they had spent the last two years developing. It currently scans all JSE listed companies, unit trusts, precious metals, commodities, JSE indices, international indices, major foreign currencies, futures, bonds and warrants. A total of more than 2500 price charts are scrutinized daily for any one of 14 different patterns – a task that would take human analysts weeks to complete. A full description of each pattern is available for quick reference from any report, and a graphic image of the price chart is presented for each pattern, with the support and resistance lines highlighted on the image. This presents the investor with enough information to decide whether they want to invest in the stock or not. Autochartist.com's primary offering is in the time it saves investors from not having to manually find chart patterns. Having a summary of anything that could be interpreted as a pattern allows the investor to focus on the interpretation of the pattern, rather than on finding it. There exists a definite trade-off between finding three or four extremely well-formed patterns among 80 stocks, and finding 30 possibly-well-formed patterns among 1000 stocks. In the former case, you would need the cognitive ability of a human with a certain level of experience and at least an hour or two in time. In the latter case you would need basic knowledge of chart patterns, and less than an hour to decide which of the 30 possibilities you would invest in. Although Autocartist.com monitors over 2500 price charts for 14 different patterns every day, not all these patterns are equally reliable in their predictions. Furthermore, every pattern found by Autochartist.com has two further conditions that highlight the strength of the pattern found; these are a Start condition and a Volume condition. The Start condition is an indication whether or not the pattern that has been found conforms to theoretical trends prior to pattern formation. The Volume condition is an indication whether or not an increase in the volume existed when the pattern crossed the support or resistance lines. Despite the fact that charting theory stipulates the necessity of an increase in volume for a definite pattern completion signal, the developers of Autochartist.com are doubtful to the usefulness of this condition, but emphasize that the existence of a Start condition (initial trend of the pattern found) increases the reliability of the pattern tremendously. For beginner users of Autochartist.com, or beginners to Charting, one should keep a close eye on the four different Wedge patterns that are found. Of four wedge patterns, 3 have a prediction reliability of over 75% over the past two years. On average however, statistics on the site indicate that the patterns detected by Autochartist.com correctly predict the direction of the market at least 2 out of 3 times - proof that the age-old art of charting has much to offer in terms of reliability. Autochartist.com offers a fresh new look at traditional technical analysis techniques and should prove to be an invaluable tool in the hands of any serious investor.

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