FXDD Morning Forex report for June 19th

1. Larry on June 19th, 2009 11:43 am
   

   Nice report. I use the 100 and 200 moving averages also, but you’ve showed me a different way of interpreting them. Are you applying the simple or expodential to your moving averages?
2. Mike Hyde on June 19th, 2009 11:44 am
   

   Audio much better now. No Thunder
3. Greg Michalowski on June 19th, 2009 11:47 am
   

   Larry, I use the 100 and 200 SMA. I find it tends to give some good directional clues. Thanks for comment and have a great weekend. Greg
4. Greg Michalowski on June 19th, 2009 11:47 am
   

   Phew… I did get a new microphone and adjusted some things… Thanks for your patience. Greg
5. Nancy on June 19th, 2009 3:27 pm
   

   Hello Greg,

   I always enjoy your videos and particularly this week as you sounded friendlier/warmer. Also, I really appreciated your apparent desire to keep going with your analysis. Thank you very much for all your efforts this week (and always) to keep providing timely currency analysis. Have a great weekend!

   Nancy
6. Greg Michalowski on June 19th, 2009 5:01 pm
   

   Once I got the hang of it, I was pleased. It makes me feel good to get the positive comment. I hope I can give our customers – and future customers – a reassuring voice that will allow them to focus on their trading. Have a great weekend! Greg
7. Jon on June 20th, 2009 8:48 am
   

   By far FXDD is the best broker out there.
   FXDD actually makes you feel welcome
   and part of some group of like-minded
   entrepreneurs/traders. Other places
   just leave you feeling cold. So, thanks.
8. Greg Michalowski on June 20th, 2009 10:12 am
   

   Thanks Jon, much appreciated. Greg
9. MIKE G on June 20th, 2009 9:14 pm
   

   Hello Greg. I have been watching and waiting for a trend but it seems that I (or we) have to wait a little longer. But anyway I like watching your market analysis. I know some people lose some people win and we all know that this kind of thing happens in trading and this is where the emotion comes in whacking the brain. This don’t happen to me all the time because I have a note to read and this is my indicator for my self while I learn trading. Thank you.
10. Trainee57 on June 23rd, 2009 4:20 pm
    

    Hi,
    Retracement levels are confusing me.This is for Euro/Usd.
    I got an email, 22 June, from :Forex News and Commentary by FXDD [webteam@fxdd.com]
    It is telling:
    100% 1.4177
    61.8% 1.4013
    50% 1.3963
    38.2% 1.3912
    0.0% 1.3748

    In your post of today, 23th June, I can see following data ?:
    100% 1.4338
    61.8% 1.4113
    50% 1.4043
    38.2% 1.3973
    0.0% 1.3748
11. Greg Michalowski on June 23rd, 2009 11:21 pm
    

    We will be doing a video that will better explain Fibonacci Retracements. However, for your guide Fibonacci Retracementa are drawn whenever a low and high has been established and the market starts to retrace or correct. So on different days you can have different Fibonacci Retracements. The idea is the market does not go up or down in a straight line. They tend to stair step up or down. So if you know of a move up from a low to a high for instance, you draw a Fibonacci Retracement from those two points and the program will automatically show where the 31.8%, 50% and 61.8% retracement levels come in. Those become target levels for the corrections.

    I hope this helps you understand why there can be different levels on different days.

    Greg
12. Greg on June 24th, 2009 7:12 am
    

    I totally agree with your “Moving Averages” I use 5 different (10 to 200) ones set on exponential an they have been dead on every time . I use a few other indicators but this is my last final check one an it has been right when I thought it wasn’t so I have learned to listen to it as it has always been right weather it be a few pips or 300 pips in a couple days.
    So all I can tell the traders looking at this is use them .They won’t lie to you… Watch an learn how they work an what they are telling you.When the lines all cross over its time to get in /out depending on your trade. Know it !
    Thanks for the daily videos an straight scoop Greg
    Take care brother
    Greg
13. stephen (trainee) on June 30th, 2009 11:22 am
    

    hi im new to forex trade so i like you explain how does fibonacci relate to trading when and when you find a low and a high what are the step in incorporate it with trading world
14. Greg Michalowski on June 30th, 2009 11:26 am
    

    I will be doing a video on setting Fibonacci’s in the next day or two. I will let you know when it is complete and send you the link.

    Greg
15. Greg Michalowski on July 3rd, 2009 12:42 pm
    

    Stephen… You can find a video on Fibonacci by going to the following link and looking for the “How to add a Fibonacci…” video in the list there. I hope it helps you.

    CLICK HERE FOR VIDEO

    Greg

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