Are Forex Broker Client Position Reports Useful or Not? At first glance forex broker client sentiment reports showing net client positions seem like a useful tool. However, when you dig deeper it raises the question whether the data should be taken at face value. While retail is only a small part of the…
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…
Weekly FX Chart Outlook Run for the exits! After whipsaw trading following a weaker US jobs report, the market has to pick up the pieces after a tough end to the week where it ended in a risk off mood led by the sell-off in stocks.. In the week ahead, the focus will…
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.” Scroll below and you will see highlights from and links to blog posts with updates from the…
How to Use Leading Indicators (Oscillators) to Identify Trend Reversals “The End is Near!” is not just a saying for someone on the street who wants you to believe that the end of the world is upon us. Rather, this is also a signal that you can get from a leading indicator (also called…
Global-view Trading Club Challenge As of this month , Global View is starting it’s Club dedicated to all traders : Newbie’s, Seasoned Veterans , Surfers, Hobbyists , Amateurs or Full time Professionals … To celebrate it’s birth, we are offering our first of many Trading Club Challenges. Our goal is to bring in as…
The 3 Fundamental Rules of the Elliott Wave Theory Elliott Wave Theory relies on people being able to identify waves in the charts. There is no surprise there. However, there are three immutable rules that you must never forget when you are trading using the Elliott Wave Theory. The Rules Follow…