Category Archive: 4.) Forex Live

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The Morning Forex Technical report for September 1, 2022

2022-09-01

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The morning forex report will outline the key technicals for some of the major currencies vs the USD - EURUSD: The EURUSD is back down after testing its 38.2% retracement level yesterday and finding willing sellers. The today the price is knocking on the 200 hour moving average at 0.99829. A move below should increase the bearish bias. Key level to start the North American session - GBPUSD: The GBPUSD reached another new low going back to the...

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How to control the FEAR OF FAILURE in your trading

2022-08-31

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Most traders are intuitively aware of the fear of failure, but knowing how to control it is a different thing. In this video, I give ways that you can ratchet down your fear of failure in your trading.

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The Morning Forex Technical report for August 31, 2022

2022-08-31

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The Morning Forex technical report is out. in the report I set the levels for the following pairs. Take a look: - EURUSD after dipping below its 100 and 200 hour moving averages is back above as traders consolidate the trading range and figure out where the next shove is going to be - USDJPY is also consolidating near highs and near the highs for 2022 (and going back to 1998). The ceiling has been able to hold resistance giving sellers some hope...

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K.I.S.S. in your trading

2022-08-31

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It is is important to use the K.I.S.S. principle in your trading. For me the K.I.S.S. principle is Keep It Simple to be Successful, not stupid. I use three simple tools in total. The three have specific characteristics that allow me to use them on any chart, and gives me an unambiguous bias, that defines risk, defines trends and non trends, and are used by many because I want to trade with the crowd. If you find your trading decisions are...

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What are the technicals that are driving the Forex markets heading into the new trading day?

2022-08-30

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- The EURUSD is trading above its 100/200 hour moving averages which is bullish, but remains below its 38.2% retracement of the recent move lower - The GBPUSD traded to a new low going back to March 2020, but could not sustain the momentum and is trying to build off of a swing low from yesterday 1.1648 be aware. - The USDJPY move closer to the July high at 139.384 (high reached 139.07), but backed off a bit. - The USDCHF ran away from its 100 day...

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A quick look at the forex major currencies as the better data sends the dollar higher

2022-08-30

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Looking around the forex market the USD is moving back to the upside and declines from earlier today are being erased. The AUDUSD and NZDUSD have nearly completed an up and down lap. The EURUSD is back testing the 200 hour MA. The GBPUSD is testing the low from yesterday and also  the lowest level since the start of the pandemic.

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Do you need a technical overview of the forex market? Then watch this video.

2022-08-30

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The USD moved lower into the US trading but is off the lowest levels. - The EURSD moved above its 200 hour MA with momentum. Can it stay above and further probe the upside - The GBPUSD followed the EURUSD but ran into the 100 hour MA resistance and backed off - The USDJPY came off it's boil and retraced some of the gains from yesterday. - The AUDUSD is down retesting 100/200 hour MAs - The NZDUSD held resistance against its 200 hour MA earlier...

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NATURAL GAS short continues, bearish head and shoulders coming?

2022-08-30

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See more on https://www.forexlive.com/technical-analysis/natural-gas-futures-natgas-technical-analysis-and-trade-idea-short-20220829/

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Russell 2000 technical analysis and trade idea (Long)

2022-08-30

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Russell 2000 futures (RTY) is at the bottom band of a potential bear flag but we are in the green and buyers may protect this touch point, and buy, which would expedite the short covering. The stop loss would be close, in relation to the take profit target, making this area interesting for a bull. https://www.forexlive.com/technical-analysis/russell-2000-technical-analysis-and-trade-idea-long/

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What exactly did Powell say at Jackson Hole?

2022-08-29

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The short but sweet speech by Chair Powell was firm and unambiguous. Here is the review of his comments

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NQ technical analysis update after market opened on 28 Aug

2022-08-29

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See the full analysis at https://www.forexlive.com/technical-analysis/nasdaq-technical-analysis-a-contrarian-long-on-nasdaq-20220829/

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The USD is seeing some selling in early NY trading.

2022-08-29

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The USD is seeing a move to the downside in early US trading. Recall that the UK is off today in observance of the summer bank holiday so liquidity conditions may be less.  Nevertheless, the EURUSD is squeezing back toward the 200 hour MA at 1.00177.  The USDJPY is still higher on, the day but off its highs. The pair in the short term intraday chart is below the 100 bar MA and testing the 200 bar MA.  The GBPUSD traded to the lowest level...

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Natural gas (NATGAS) technical analysis and trade idea (short)

2022-08-29

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Reward vs risk is quite attractive for a 3 part short trade here on natural gas futures. See the full Natgas futures technical analysis at: https://www.forexlive.com/technical-analysis/natural-gas-futures-natgas-technical-analysis-and-trade-idea-short/

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Risk a little to make more than a little

2022-08-26

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Are you one to do trades with $%&*# trade location? If so you need to change your trading mindset and start to focus more on the idea of risking a little to make more than a little. In this video, I will speak to to this topic and get you away from your $%&*# trade location.

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The US morning forex technical report. Fed Powell speech. Better PCE data weakens the USD

2022-08-26

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Fed Powell to speak at 10 AM ET The core PCE data in the US came in better than expectations with helped to lower the dollar on hopes that a terminal rate can be found sooner rather than later. However, Fed Chair Powell will be speaking at 10 AM ET and could cause a shifting of the bias if he chooses to talk more above quantitative tightening. However, that would be outside his lane and that of Fed officials. So it is not expected.  The EURUSD,...

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It’s ALL about Anticipation….

2022-08-25

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If you can anticipate the nuances of the market, you can become an All Star trader. Athletes and traders have a lot of parellels that make comparisons easy and informative. A medical study on athletes showed that pro athletes don't have reflexes that are faster than the general public. What differentiates the all stars from the rest, is their ability to anticipate the future. Successful traders need to anticipate as well. Traders need to...

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Major US indices higher and trading between 100/200 hour MA and awaits the next shove.

2022-08-25

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The last week, the major US stock indices have seen the price come off the short covering boil and return between the shorter term 100 and 200 hour MA. Today the prices are higher and that took the indices more toward the middle of those MA ranges.  Often ahead of a key event, traders will take the price toward these neutral areas as a way to keep both the bullish and bearish options open.   With Jackson Hole Symposium getting underway, the...

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The morning forex technical report for August 25: Start the Jackson Hole Symposium

2022-08-25

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What levels are in play as the Jackson Hole Symposium kicks off The Jackson Hole symposium is kicking off officially today. That means central bankers will be speaking.  The course Fed chair Powell will be the highlight tomorrow when he addresses the attendees at 10 AM ET. So what levels are in play today? - EURUSD trades back below the 100 hour MA after the "try" above failed. That MA is at a0.9977. Stay below is more bearish. -...

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A lesson in trading from a legend…

2022-08-24

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Tiger Management Founder Julian Robertson dies at 90 years old.

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Technical levels in the EURUSD control the price action

2022-08-24

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The EURUSD tested a higher low area of support, then shot through the swing low from July 2022. That led to buyers into the London fixing that pushed the pair to the 100 hour MA and parity level. Sellers leaned. The price came back down. Technical levels are controlling the flows in choppy price action.

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