Category Archive: 4.) Forex Live

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Brexit is here: How to trade the Article 50 trigger

2017-03-26

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On March 29, Theresa May will trigger Article 50. That sets a two year negotiation period for the UK to leave the European Union — the Brexit is here. The foreign exchange market has built up an incredibly large short position against the pound in anticipation of Article 50. In this video, Adam Button from …

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Manafort says it’s absurd that he has ties to Putin or his regime

2017-03-22

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Paul Manafort asked if he has any ties to Putin or his regime. He says it’s absurd.

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Snapchat and Snapcharts: The story is in the pictures

2017-03-06

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I never really understood Snapchat until recently. However, the more I learned about snapchat, the more I realized the charts I look at every day in the forex market are just like the picture storybooks on Snapchat. In fact Snapchat is like Snapcharts.

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Up and down markets, what they imply and how to best trade them

2017-02-19

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Trading up and down forex markets can be one of the more difficult kind to trade. Traders tend to want to know the story line that tells them which way to trade, but in reality there may be multiple stories that are equally as believable. That creates the potential to get traders out of sync … Continue...

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Fake News. Fake Breaks. What do they have in common? How to deal with them?

2017-02-12

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When I hear the word “fake:, I cannot help but think of “fake news”. Fake news has become so pervasive, I combat it by waiting for the dust to settle, fact checking and making logical judgments. In trading there are a number of times when you will get a fake break. Coincidentally, I deal with …

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Trump’s New Dollar Policy

2017-02-09

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Adam Button at ForexLive talks about a generational change in US currency policy and what it could mean if Trump abandons the strong dollar policy. What are the forex trades if it happens? When could we expect it?

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Defining and Limiting your Risk. Why is it so important in your trading?

2017-02-02

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I talk a lot about defining and limiting risk in trading. Why is it so important. Watch this video and find out the importance.

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How to trade the Trump White House right now

2017-01-30

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Way too many people have the Trump trade backwards, they’re focused on the wrong thing. Adam Button talks about what matters to the market and how to trade the US dollar in the first weeks of the Trump Presidency.

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Plan the trade: A technical look at the EURUSD for the trading week ahead

2017-01-28

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Non- trending transitions to trending The EURUSD traded in a 117 pip range in the last week. That represents the most narrow trading week going back to December 21, 2014. When ranges are narrow, the market is unsure of the direction it wants to go. That will logjam is eventually broken – one way or …

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Forex Technical Analysis: 5 currencies in 5 minutes

2017-01-25

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Some key levels in the major currency pairs are broken today There were some key levels broken (or held) in some of the major currencies pairs in trading today. Knowing what they are and why they are important is helpful for your trading as they help define bullish or bearish bias as well as risk. … Continue reading...

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Levels in play through Australia’s CPI

2017-01-25

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Technical levels in play through the Australia’s 4Q CPI.

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Forex trading video: The alternative facts in your forex trading

2017-01-24

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…and how to sift through them The phrase “alternative facts” are the latest and greatest buzz words thanks to Pres. Trumps counselor, Kellyanne Conway. The phrase is misleading in certain situations. How can there be alternative facts with regard to crowd size or something that is fairly obvious from a visual observation (or even factual …

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A look at the EURUSD as it tests the retracement target and stalls

2017-01-17

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The EURUSD has moved sharply higher but over the last few hours has stalled against a key resistance area. After a big daily move, it becomes harder for a currency pair to extend higher – at least on the day. Traders who rode the trend are happy to take profit. If profit taking can be … Continue...

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A technical look at the EURUSD for the week starting Jan 16th

2017-01-14

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The EURUSD closed the week about 120 pips higher. The low bottomed near the low from 2015 at 1.0462. That was a good bottom for buyers. The topside was contained by retracement resistance. So although bullish for the week, there is some work to do to convince the market that this is nothing bur a … Continue...

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Drilling down into your forex trade

2017-01-13

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What does is the technical pictures say about the GBPUSDs story. The GBPUSD has moved higher over the last two days, but the ride has been up and down. Nevertheless, the technical pictures tell a story about that price action. That story follow a few chapters. The first chapter is from the perspective of the … Continue reading...

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Forex technical analysis: AUDUSD making a break to the upside

2017-01-09

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Moves above 200 bar MA on 4-hour chart The AUDUSD is making a break above the 200 bar MA on the 4-hour chart. That MA held on Thursday and Friday last week. When you see a pattern develop that is then debunked, it says something is up. Can the momentum continue? If you like this … Continue reading »

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What to look for on a technical break in your forex trading

2017-01-09

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What to look for in breaks and what to look for in failed breaks. The GBPJPY is making a bearish break today. Not only have we made a break below a prior resistance/support line but also below the 200 day MA. The question traders need to ask now is “Will the break keep the momentum … Continue reading...

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When your forex trading risk is really low, reward does not really matter

2017-01-05

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Risk a little to make more than a little… There are times when a forex technical level is important enough to just focus on the risk, and forget about the reward. In other words, if you trade at a key level where risk is only 5 pips, you only have to see the market move … Continue reading...

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VIDEO: USDJPY bangs against lower support as market prepares for US employment

2017-01-05

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January 5, 2017. US employment report up tomorrow The USDJPY has moved lower in trading today and tests a support area defined by some key swing levels going back two years ago. That area comes in between 115.96 and 116.09. Below that is the 61.8% of the move down from the 2015 high at the …

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Forex technical analysis: EURUSD higher but stalling at resistance

2017-01-04

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100 and 200 hour MAs, 38.2% and 2015 low keeping a lid on the pair The EURUSD is trading higher on the day but is running into resistance against MA, retracement and an old low from 2015. What needs to happen to turn the bias more bullish? Greg Michalowski of ForexLive takes a technical look … Continue...

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