There are two indicators Level trading and Level trading 123, has being modified slightly on price channel, but both works the same.
there are 6 simple patterns:
1. Double Tops: SHORT on the 2nd top
2. Triple Tops: SHORT on the 3rd top
3. Double Bottoms: LONG on the 2nd bottom
4. Triple Bottoms: LONG on the 3rd bottom
5. Support becomes Resistance: SHORT
6. Resistance becomes Support: LONG
Moving average trend-following system
Uptrend.
The 5-day simple moving average (SMA)of intraday highs is above the 28-day exponential moving average (EMA)of closing prices.
Downtrend.
The 5-day SMA of intraday lows is below the 28-day EMA of the closes.
Rules:
Enter long and exit short on the next day 's open if the trend is bullish,which means the 5-day SMA of highs crosses above the 28-day EMAof closing prices, the latest close is above the 5-day SMA of highs,and the 5-day moving average 's current value is also higher than its value the prior day.
Enter short and exit long on the next day 's open if the trend is bearish,which means the 5-day SMA of lows crosses below the 28-day EMA of closing prices, the latest close is below the 5-day SMA of lows,and the 5-day SMA moving average 's current value is also below the previous day 's value.
Exit any trade if there is a trend change or if a position loses 20 percent.
Burgernomics shows the Chinese yuan is still undervalued
THE Big Mac index is based on the theory of purchasing-power parity (PPP)--exchange rates should equalise the price of a basket of goods in different countries. The exchange rate that leaves a Big Mac costing the same in dollars everywhere is our fair-value benchmark. So our light-hearted index shows which countries the foreign-exchange market has blessed with a cheap currency, and which has it burdened with a dear one. The most overvalued currency against the dollar is the Norwegian kroner, which is 96% above its PPP rate. In Oslo you can expect to pay around $7 for a Big Mac. At the other end of the scale is the Chinese yuan, which is undervalued by 49%. The euro comes in at 35% over its PPP rate, a little higher than half a year ago.
Economist.com
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