Category Archive: 4.) Forex Live

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Forex Technical Trading: What levels are in play as forex traders prepare for US employment

2016-06-02

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The May US employment report will be released tomorrow. So traders are setting themselves up for that key event. In preparing to trade a key event it is important to understand the key technical levels in play and more importantly WHY. Greg Michalowski will spend a few minutes each on some of the major currency …

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Forex Trading Education: Trust in Marriage/Trust in Trading.

2016-06-02

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In this video, Greg Michalowski discusses how trust in marriage requires using tools.to help maintain that trust. In trading, we need to trust tools too. Sometimes that trust wavers. You lose your way, but often times, that trust is reestablished. It gets back in sync and the trust cycle continues.

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You have to trust your levels in forex trading

2016-05-25

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Greg Michalowski, Director of Client education and technical analysis for ForexLive, discusses how traders need to trust their technical levels to provide insight into the next market action. Sometimes it take a while to develop but if the level is important, it often shows the way.

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Forex Video: I spent my Saturday, working on how I was going to say…

2016-05-22

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Greg MIchalowski, Director of Client Education and Technical Analysis for ForexLive.com, has a different sort of video on Forex and Forex Education. You might say it is an invitation to better forex trading.

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Forex Trading Education: Take a step back and see what the big picture is saying

2016-05-20

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In this video, Greg Michalowski of ForexLive demonstrates how to look longer term at forex charts. Sometimes we get caught in the minutia of the shorter term swings. Non-trending periods can tend to do that as the focus is on the break. We as traders have to make sure we divorce ourselves from the shorter …

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Forex Trading Education: Attacking Currency Non-Trends

2016-05-17

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Greg Michalowski, author of Attacking Currency Trends focuses on trading non trending markets. What are the characteristics of a non trend? How you can anticipate a non trend? How you can define the non trending ceiling and floor?

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Forex Trading Education: Managing your trades by listening to the market price action

2016-05-13

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FOREX TRADING EDUCATION: The story can change in your forex trading dependent on a lot of things fundamentally and technicallly. Let’s face it, seeing the distant future can be really difficult. Earlier this week, the EURUSD moved above a key technical resistance level turning the bias higher. The price moved nicely above a few levels …

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Forex technical analysis: NZDUSD finds sellers against the 38.2%

2016-05-11

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What are the technicals saying for the NZDUSD after less dovish comments from the RBNZ Financial Stability Report

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Forex Trading Education: How you can use narrow ranges to your trading advantage

2016-05-11

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If the range is narrow, there is room to roam. The EURUSD is trading at new session highs and also new week highs on the move above the 1.1419 level That extends what has been a very narrow trading range for the week The range coming into the day was only 61 pips. Looking back … Continue...

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Forex Trading Education: How does drilling down help in your trading

2016-05-09

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The price action on different charts often tells a story that you want to hear… I like to drill down and look at multiple time period charts to try and get clues as to “the markets” intentions for their trading. Price action does not lie and often times, by drilling down and applying tools, you …

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Forex Trading Education: When things don’t go your way in your trading

2016-05-06

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The weaker Employment report sends the dollar higher (the EURUSD lower)… If I surveyed 100 people before the employment report, most would say a jobs gain of 160 with revision lower of 18K, and the unemployment rate going to 5% from 4.9% would be more bearish for the USD (higher EURUSD). IN reality, that was …

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FOREX TRADING EDUCATION: How to trade the US Employment report

2016-05-05

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It is all about risk…. I often get asked “Are you bullish or bearish the dollar going into the US employment report?” Folks it is a risk proposition to go long or short into such a big event. Not only is there high market risk, but there is high liquidity and event risk too. The … Continue...

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Forex Trading Education VIDEO:The Trade of the Day

2016-05-05

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Each day, the market typically has a trade of the day. It is in hindsight, admittedly, but it is often set up by a visual technical level that says “Buy here, the risk is defined and limited” or “Sell here, the risk is defined and limited”. Today, on Ascension Thursday, the EURUSD presented traders with …

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Forex Trading Education VIDEO: The EURUSDs Trade of the Day

2016-05-05

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The EURUSD broke below the 100 hour MA and that proved to be the trade of the day Each day, the market typically has a trade of the day. It is in hindsight, admittedly, but it is often set up by a visual technical level that says “Buy here, the risk is defined and limited” … Continue reading...

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Forex Trading Education Video: How the technicals helped turn the GBPUSD bias around

2016-05-04

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Why did the technical bias turn so quickly in the pair? This is the third of three straight videos on the GBPUSD. The first two focused on a key resistance area. Yesterday, that resistance area helped send the pair sharply higher but then the pair was turned upside down and it quickly reversed. What helped …

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Forex Trading Education: Why today’s price action is key for the GBPUSD

2016-05-02

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Breaking but not fully broken… The GBPUSD pushed above a “tough nut to crack area” defined by Fibonacci resistance at 1.46339,, trend line resistance at 1.4650 and a prior swing high at 1.4667. That break sent the price to a new high going back to January 5th. But, the price has since moved back down …

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Forex trading video: GBPUSD bullish, but has some tough overhead resistance

2016-04-28

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The GBPUSD is trading near high levels and have moved away from the 100 day MA in the process, but has had trouble at technical resistance above. What is getting in the way? What needs to be done to free up the pair for more upside momentum?

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Forex video: BNP Paribas likes “Anacott Steel” (well…they really like buying EURJPY)

2016-04-25

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BNP Paribas is out with a recommendation to go long EURJPY into the BOJ meeting. What do the technicals say for the trade.

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Forex Video: Why traders are not talking when they should be talking

2016-04-20

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The USDJPY bounce off a key level in trading today and moved higher. One follower of FXL wonders why the retail traders are not talking about the pair anymore, and he wonders why? The answer probably has to do with what happened in the past. The USDJPY had real good support at the 111.00 level …

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Forex Video: AUDUSD traders have a KEY decision to make in the new trading day

2016-04-18

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AUDUSD sits above a ceiling area but another trend line keeps another lid on the pair The AUDUSD has recovered from a gap lower over the weekend and is making new 2016 highs (trades at highest level since June 2015). It is hard to ignore the break. However, there is some topside resistance that has …

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