Page 100 - NEW FOREX FULL COURSE

FOREX TRADING COURSE FOR BEGINNERS

Trend-line A line that can be drawn along a series of highs or lows. This requires at least two
points for a line to be drawn. The more points that are associated with the line, the more strength
the trend-line carries.
Trend reversals (or reversal indicators)
Price action that indicates the high probability of a trend reversing its direction.
Tweezer tops or bottoms
Highs or lows of a trend that are duplicated in back to back trading days or within the next few
sessions. The name is derived from the price movement to those levels forming a tweezer-like
visual. It is a minor reversal signal, however, its significance becomes greater if the highs or lows
are touched with long shadows or if the identical bottoms are part of another reversal signal.
Upgap
A gap in prices to the upside.
Upthrust
The price movement that carries prices through and above observed resistance areas. If these
new price levels do not hold and prices pull back under the breached resistance level, it is called
an upthrust. It now becomes a bearish signal.
Uptrend
Prices that are trading higher.
V bottom or top
A sharp reversal forming a V pattern at the bottom of a trend or an inverted V at the top
of a trend.
Volume
The total number of shares or contracts trading in a given day on that trading entity.
Weighted moving average
A moving average where the most recent data is given greater value than the oldest data.
Window
The same as a Western gap. Windows can indicate the beginning of a strong trend as well as
the end of a trend, exhaustion window. As Western technicians say that prices will always fill the
gap, the
Japanese expect to close the window.
Yin and Yang
The Chinese name for the black (Yin) and the white (Yang). Good and bad, positive and negative.

FINANCIAL NEWS SITE

Here is what we think are the top financial news sites based on in-depth financial news, expert
commentaries and opinions, and off course good for streaming video. We like being able to watch
TV on our computer.

DailyFX

FXCM's "news arm" providing - surprise - news and analysis specialized in Forex.

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