Charting the major forex pairs PDF- Focus on Major Currencies was written specifically for those currency and futures traders who have a reasonable degree of experience in the foreign exchange markets and who are familiar with the inner trading mechanisms and the risks and rewards intrinsically involved.
Category: Forex
Author: Michael D. Archer
Language: English
Download link: At the end of the post
Introduction
Charting the major forex pairs: focus on major currencies was written specifically for those currency and futures traders who have a reasonable degree of experience in the foreign exchange markets and who are familiar with the inner trading mechanisms and the risks and rewards intrinsically involved. For novice currency traders, we highly recommend Getting Started in Currency Trading by the co-authors of this book (Wiley, 2005) as a comprehensive primer for entering this once exclusive arena of investing.
The authors have intentionally followed the thematic precedent established in their
previously published book entitled The Forex Chartist Companion (Wiley, 2007). That
precedent is to make each technical analysis opus as visual and graphic as possible, replete with numerous charts, tables, and explanatory diagrams. Many of the innovative tools introduced in that work (FCC) are employed here, and the underlying theme is again borne out in this tome: The most lethal weapons in the successful traders’ arsenals are the diversity and creativity of their technical charts.
HOW THIS BOOK IS ORGANIZED
There are eight major divisions in this book:
Part I: Getting Started
In this section, we expose little known characteristics unique to spot currency data and define the mathematical and statistical tools that facilitate the visual approach to technical analysis.
Part II: Euro Currency
It is only fitting to begin our analysis of major currency pairs with the most heavily traded pair: the EURUSD. A comprehensive history and a detailed account of the Euro’s modern evolution are included here. More importantly we supply numerous charts depicting the status of the Euro currency in today’s marketplace.
Part III: British Pound
The old adage “The sun never sets on the British Empire” applies to its official currency too. This king of currencies has the highest parity ratio of all the major currencies (1 Pound = 1.70 U.S. Dollars) and is subjected to detailed analysis in this section.
Part IV: Swiss Franc
The Swiss Franc has always held a position of respect and honor in the financial community. Switzerland’s political neutrality and banking policies have contributed to its almost mystical attraction. In this section, we reveal its innermost secrets and mathematical properties.
Part V: Japanese Yen
To characterize the Japanese Yen with only one word, it would have to be “resilient.” Its decline and recovery history is very impressive. Of all the major currencies, it has the lowest parity ratio (110 Yen = 1 U.S. Dollar). The Yen is heavily influenced by Japanese banking policies and national intervention, the technical results of which are thoroughly examined in this section.
Part VI: Cross Rates
In this section, we examine the six non-USD cross rates: EURGBP, EURCHF, EURJPY, GBPCHF, GBPJPY, and CHFJPY which, fortunately, no longer carry outlandish transaction costs, making them now available to small-cap investors.
Part VII: Comparative Studies
Here we analyze spot currency prices with comparable futures prices and precious metals. We also examine a global synthetic currency called the Mundo that we concocted in order to describe the interrelationships between price fluctuations within the five major currencies.
Appendixes
Additional Forex information is provided in this section. After the appendixes, readers will find a list of resources that will help them further their currency trading education.
Contents- Charting the major forex pairs PDF
PART I Getting Started
CHAPTER 1 Understanding Forex Data
Overview
Streaming Data
Interval Data
CHAPTER 2 Tools of the Trade
Overview
Activity
Direction
Absolute Range
Midrange
Relative Range
Absolute Momentum
Standard Deviation
Coefficient of Variation
Composite Charts
PART II Euro Currency
CHAPTER 3 History of the Euro Currency
Why Trade the Euro Currency?
Historical Perspective
Banknotes and Coins
Euro Currency versus Euro Dollar
CHAPTER 4 Annual Charts
OHLC and Activity Charts
Statistics
CHAPTER 5 Monthly Charts
OHLC and Activity Charts
Statistics
CHAPTER 6 Composite Charts
Daily Composite Charts
Weekly Composite Charts
Caveat
PART III British Pound
CHAPTER 7 History of the Pound
Why Trade the British Pound?
Historical Perspective
The Gold Standard
Banknotes and Coins
CHAPTER 8 Annual Charts
OHLC and Activity Charts
Statistics
CHAPTER 9 Monthly Charts
OHLC and Activity Charts
Statistics
CHAPTER 10 Composite Charts
Daily Composite Charts
Weekly Composite Charts
PART IV Swiss Franc
CHAPTER 11 History of the Swiss Franc
Why Trade the Swiss Franc?
Historical Perspective
Banknotes and Coins
CHAPTER 12 Annual Charts
OHLC and Activity Charts
Statistics
CHAPTER 13 Monthly Charts
OHLC and Activity Charts
Statistics
CHAPTER 14 Composite Charts
Daily Composite Charts
Weekly Composite Charts
PART V Japanese Yen
CHAPTER 15 History of the Japanese Yen
Why Trade the Yen?
Historical Perspective
Banknotes and Coins
CHAPTER 16 Annual Charts
OHLC and Activity Charts
Statistics
CHAPTER 17 Monthly Charts
OHLC and Activity Charts
Statistics
CHAPTER 18 Composite Charts
Daily Composite Charts
Weekly Composite Charts
PART VI Cross Rates
CHAPTER 19 Cross Rates Charts
Overview
Monthly OHLC and Activity Charts
Daily OHLC and Activity Charts
Composite Activity Charts
CHAPTER 20 Cross Rate Statistics
Cross Rate Activity Summary
Single Currency Activity
PART VII Comparative Studies
CHAPTER 21 Major Currencies and Currency Futures
Overview
Futures Volume and Open Interest
Pip Differential Oscillator
Activity versus Volume and Open Interest
CHAPTER 22 Major Currencies and Precious Metals
Overview
Gold Charts
Gold Statistics
Silver Charts
Silver Statistics
Caveat
CHAPTER 23 The Mundo Currency
Overview
International Currency Unit
Mundo Calculation
Mundo Differential Chart
Usage
APPENDIXES
A. ISO Currencies Pairs
B. Exchange Rates
C. Global Banking Hours
About the author
Michael D. Archer has been an active commodity futures and Forex trader for more than 30 years. Mike has also worked in various registered advisory capaci- ties, notably as a Commodity Trading Advisor (CTA) and as an investment advisor. He is currently CEO of www.FxPraxis.com, a website specializing in currency trading instruction and money management. His special interest is in complexity theory, especially cellular automata, applied to Forex trading. James L. Bickford is a senior software engineer, technical analyst, and also a very active Forex day trader with an academic background in applied mathematics and statistics. He has numerous books to his credit and recently published Chart Plotting Algorithms for Technical Analysts.
The co-authors also collaborated on another best-selling Wiley title, Getting Started in Currency Trading (2005)
Download ebook Charting the major forex pairs PDF
Read more Forex ebook:
- Forex Ribbon System- Trading Blueprint [PDF]
- Smart money concepts forex PDF
- Strats PASR method
- Five Guiding Principles of Trading Psychology
- The 25 point discipline for day trading
