Top Trading Ideas for 2025 Top Trading Ideas for 2025: AI, Bitcoin, Stock Picks and Politics The big trading and investment trends that will drive a huge chunk of the buying and selling. While only a forecast, this type of outlook could help you to better prepare your trades. AI – Incoming…
Forex Trading Tip: How to Use Retracements to Your Advantage Retracements are a necessary evil. They are a market’s mechanism to shake out weak longs or shorts when positions get too over extended on one side or the other.’ Why retracements are important As noted in Why Retracements Work and How to Use…
Forex Trading Tip: How to Use Retracements to Your Advantage – Forex Forum November 12, 2024 /Posted byGVI Forex / 229 / …
Weekly FX Chart Outlook Nov 11-15 For the week ahead it is like digging out after what was not a normal trading week. So, use last week’s low/high as broad ranges (see below) that either have to narrow unless the USD highs are taken out. Most at risk is EURUSD, which found support…
Weekly FX Chart Outlook Nov 11-15 For the week ahead it is like digging out after what was not a normal trading week. So, use last week’s low/high as broad ranges (see below) that either have to narrow unless the USD highs are taken out. Most at risk is EURUSD, which found support…
Why You Should Treat Forex Trading as Being in Episodes Not Trends Most technical traders refer to momentum moves as trends. I prefer to look at the price moves as trading in episodes. Like a streaming television show, an episode has a beginning and an end. It is no difference in trading except…
The US Dollar Index is a Joke I don’t know why it is called the USD index but the name is a joke. It is only composed of 6 currencies (see below) and the EUR makes up 57.6% If you add in the CHF, which generally moves in the same direction as the…
Weekly FX Charts Outlook GBPUSD Weekly Charts Outlook Supports : 1.29700 , 1.27350 & 1.24850 Resistances: 1.31350 , 1.31850 & 1.32750 As long as above 1.29700 Bullish. If it can’t surmount 1.31850 next week, this might be the start of a bigger Correction. Weekly chart EURUSD Weekly Charts Outlook Supports : 1.08850…
Forex Trading Glossary – U/V/W Forex Trading Glossary – U/V/W Forex Trading Glossary – U Unrealized Profit or LossThe profit or loss status of open trades. UptrendCharacterized by a series of higher price highs and higher price lows. Uptrend LineA line drawn through least two ascending price lows, with a third needed for confirmation…
Forex Trading Glossary – S Saucer PatternA chart formation that shows a gradual decline then a gradual rise in prices with the resultant effect of price taking a saucer-shaped pattern. (Is also known as a rounded bottom) Schaff IndicatorsFirst developed by Doug Schaff in the 1990s, based on the FX-Strategy System, and used to…