Peter Gervas / Profile
Friends
62
Requests
Outgoing
Peter Gervas
Dark Cloud Cover Offered Warning Near Range-Top Harami Pattern May Find Limited Follow-Through The Australian Dollar may struggle to recover further ground despite the emergence of a Harami pattern on the daily, given sellers remain nearby at 0.9320...
Share on social networks · 1
128
Peter Gervas
The Head and Shoulders Chart Pattern is the easiest to recognize patterns. It’s classically known as a Reversal Top Pattern, though the less common “Inverted” Head and Shoulders Pattern is known as a Bottom Reversal Pattern...
Share on social networks · 1
391
Peter Gervas
In a three wave move, the alternating waves will be wave A and wave C (or if you label with numbers, wave 1 and wave 3...
Share on social networks · 3
193
Peter Gervas
Support: 10481, 10456, 10375 Resistance:10513, 10560, 10606 US Dollar Index broke above yet another layer of resistance after reversing upward as expected having put in a Bullish Engulfing candle pattern. Near-term resistance is at 10513, the 38.2% Fibonacci retracement...
Share on social networks · 3
140
Peter Gervas
EUR/USD closed at its lowest level in seven months on Friday before recovering modestly off the 6th square root relationship of the 2013 low near 1.343 Our near-term trend bias is lower in the euro while below 1.3545 A daily close below a key Fibonacci confluence in the 1...
Share on social networks · 3
129
Peter Gervas
An increase in volatility can cause price to breakout Camarilla Pivots can be designated for planning order entries Traders can use 1x extension of the trading range for profit targets While price may spend the majority of its time reversing between lines of support and resistance, there will als...
Share on social networks · 1
507
Peter Gervas
The Dow Jones 30 rose during the course of the week as you can see, moving to the 17,000 area. This area is resisting, so we would believe that a move above 17,000 on a daily close would be enough to get the longer-term traders involved as well...
Share on social networks · 1
100
Peter Gervas
Fundamental Forecast for Australian Dollar: Neutral AUD/USD finishes flat despite a bumpy week on RBA minutes, China data, and geopolitical shocks CPI figures and Stevens’ speech unlikely to shift expectations for a “period of stability” for rates If geopolitical tensions fail to intensify, trade...
Share on social networks · 1
92
Peter Gervas
Price is considered range bound when it is not trending up or down. We can connect swing highs and lows together to create support and resistance levels. Entering a trade with a positive Risk:Reward ratio can tip the odds in our favor...
Share on social networks · 2
511
2
Peter Gervas
Prices are mounting a corrective recovery after turning downward as expected. A break above the 23.6% Fibonacci retracement at 1320.34 on a daily closing basis initially exposes the 14.6% level at 1329.78. Alternatively, a move below the 38.2% level at 1305...
Share on social networks · 1
105
1
Peter Gervas
While the Forex market has been quiet, you have no doubt been aware of the World Cup 2014 in Brazil? If you’ve been looking for somewhere full of excitement and volatility then you haven’t had to look much further than the greatest show on earth...
Share on social networks · 2
284
2
Peter Gervas
Muhammad Syamil Bin Abdullah
Comment to topic Something Interesting to Read July 2014
Asset Price Dynamics Volatility Prediction This book shows how current and recent market prices convey information about the probability distributions that govern future prices. Moving beyond purely
Peter Gervas
The Federal Reserve officials are currently debating whether to increase the interest rates earlier than planned due to the recent growth in the U.S. labor market...
Peter Gervas
Muhammad Syamil Bin Abdullah
Comment to topic Something Interesting to Read July 2014
Swing and Day Trading: Evolution of a Trader Comprehensive coverage of the four major trading styles Evolution of a Trader explores the four trading styles that people use when learning to trade or
: