Forex Trading Glossary – P Par The principal amount of an investment instrument (e.g. 100) or where price equals the original value. Parabolic Stop Wells Wilder introduced the Parabolic Indicator, whose shape resembles the curve...
Global Trading: It is The Reaction to News that Matters The old trading adage that says “the reaction to news is more important than the news itself” is even more relevant in today’s market as central banks...
A New USDJPY Update From the Savvy Trader Since calling the top in USDJPY AT 160-162, I have been posting updates from one of Global-View’s long time and highly respected members who I nicknamed the “Savvy Trader.”...
Are Forex Brokers to Blame for Traders Losing Money? Skeptic say that retail trader will always lose money when we trade via a forex broker market maker. How true is that? Before I begin, I need to...
The Latest USDJPY Update From the Savvy Trader This is the latest update from a long time, highly respected Global-View member who called the top at USDJPY 162. I thus nicknamed him the savvy trader who...
Weekly FX Chart Outlook EURUSD DAILY CHART – WEEKLY OUTLOOK Trend is up 1.1047 recent high is now key resistance blocking 1.1137. Use 1.1050 as well. The weekly close above 1.10 is bullish but only a break/close...
Weekly Charts Analysis USDJPY DAILY CHART – Time to take a breather? USDJPY pattern is 5 down weeks in a row. To break this pattern, 147.90 would need to be broken. Otherwise, there could be an inside week....
The Market Isn’t Your Enemy One of my favorite articles I wrote as a warning to all traders is entitled, The Market Isn’t Your Enemy and it is worth repeating in the current market. I posted this (see...
Weekly Charts Analysis XAUUSD –Gold Weekly Chart Supports : 2415.00 , 2390.00 & 2295.00 Resistances : 2485.00 , 2525.00 & 2615.00 Gold is in a Very Bullish Formation, but needs to take out the previous High to avoid...
Newsquawk.com Week Ahead 5th-9th August: Highlights include ISM Services PMI, RBA, BoJ SoO, BoC Minutes, and Chinese inflation MON: Canadian Market Holiday (Civic Day), Chinese Caixin Services PMI Final (Jul), UK/EZ/US Services & Composite PMI Final (Jul),...
Forex Trading Glossary A-B ABC Wave A term used in Elliott Wave that describes a simple correction after a trending move. It is comprised of three-wave (waves A, B and C) forming a corrective or countertrend price...