Rebroadcast of Tuesday’s Webinar

1. George Cooper on May 4th, 2010 8:54 pm
   

   Thankyou for prompt rebroadcast.Much appreciated in these great trading
   times.
   Regards from South Australia.
   ps. Excellent Webinar Greg, I really like the attention to detail.
   Indicator free zone!
2. Peter J Shepherd on May 4th, 2010 9:39 pm
   

   I discovered that my computer, with a Linux Operating System, does not work with the Webex Webinars, for some reason. I can watch the videos at this site with no problem. In the meantime, I’ll have to watch it on my work computer overnight in between customers (I’m the night manager at a motel.). I guess I need to install Windows.
3. Greg Michalowski on May 4th, 2010 11:40 pm
   

   Thanks George ; )
4. James on May 5th, 2010 1:06 am
   

   @Peter. Yeah I run ubuntu as well and WebEx Java doesn’t work until 64-bit Ubuntu Jaunty. Use VMware Player of VirtualBox and build a Windows guest to run the Webinars in. Works like a charm.
5. Greg Michalowski on May 5th, 2010 1:22 am
   

   thanks!
6. Peter J Shepherd on May 5th, 2010 2:22 am
   

   Thanks, James. Maybe that will help someone else too!! EURUSD is taking off to the upside now. Got a tight stop loss, we’ll see how far it goes.
7. Peter J Shepherd on May 5th, 2010 7:27 am
   

   Eur/Usd started “three’s company” overnight, and just broke through a significant lline at 1.2939 and looks like it’s going south again.
8. Peter J Shepherd on May 6th, 2010 3:04 am
   

   I finally was able to watch Tuesday’s Webinar tonight on my work computer. I really appreciated the training. I wish I had started with FXDD initially instead of where I went earlier. I might have been able to double my account instead of losing it! Your training just might be the best kept secret in the Forex world, and is a MAJOR reason people should trade with FXDD. I’m sure you know that there are so many “gurus” out there that want to charge hundreds, even thousands, of dollars, for training course, which may or may not be worth it, but we have the priviledge of getting the same, or better information, at no cost. Incidentally, during the time it took to watch the Webinar, I was able to pick up 70 pips in my demo account. What you taught would have helped me keep from getting stopped out a number of times in the past couple days.
9. Peter J Shepherd on May 6th, 2010 4:49 am
   

   Greg, do you ever recommend a countertrend trade? There was a correction with the EurUsd from 1.2741 to 1.2816, or about 76 pips which would have been a nice profit. Instead, I got stopped out trying to go south a couple times, when I thought it had turned around, but it kept going up.
10. Peter J Shepherd on May 6th, 2010 5:10 am
    

    EURUSD is crossing the Goalposts now. If it breaks the 200 sma, I’m going long. We’ll see what happens. It’s testing the 200 sma now, but we’ll see if it breaks it…. The 200 sma is acting like resistance. If it goes back down below the 100, I’m going short again. If it goes north above the 200 sma, I’m going long. I’ll let you know how I did… Just went short again at 1.2810, with a stop loss at the 100sma at 1.2816.
11. Greg Michalowski on May 6th, 2010 7:07 am
    

    When the market went above the 1.2774-82 area, it put into question the downside for a while. You have to remember that mkts do correct and the go from trending to non-trending too. So that is what happened during the London session. The 1.2741 area was a good support level from the trendline (see http://forex.fxdd.com/79923/forex-news/eurusd-tests-bottom-trendline). That could have been a level to lean against for a new corrective trade but it would have had to happen quickly as every time someone has bought a dip this week, the price has broken back lower. This one ended up leading to a move up. So yes, you can countertrend trade. Know your risk though. PS. The 200 SMA test and hold was the right trade too… Greg
12. Mani on May 6th, 2010 8:13 am
    

    Greg,

    More than 500 pips fallen since last sunday open, four days.

    Dont you think it is right time for upward correction?

    The whole activity what we are seeing is more of speculative.

    Even in trending market, in line with the theory of Elliot wave, it should move up.

    Fundamentals and speculative actions have overtaken technical studies?
13. Greg Michalowski on May 6th, 2010 8:18 am
    

    Watch the morning video. The technicals tell the story Mani. Until the price moves above technical levels that say the bias is bullish, the bias is bearish. There is trendline support at 1.2705-11 area, but have we been able to stay above the 100 bar MA on the 5 minute chart or 200 bar MA on the 5 minute chart? Not for long. THis keeps the bias down…. Greg
14. Peter J Shepherd on May 6th, 2010 8:34 am
    

    Thanks, Greg, I appreciate being to draw from your wellspring of experience and knowledge. I hope you don’t mind my questions. I have heard it said that the only dumb questions are the ones you don’t ask, and every answer has a question – in order to find the right answer, you have to ask the right question.
15. Greg Michalowski on May 6th, 2010 8:37 am
    

    I can’t guarantee a timely answer all the time, but you will start to learn through videos and reading…Greg
16. Mani on May 6th, 2010 9:55 am
    

    Yes greg,
    Videos cover most of the questions except specific questions related to personal trades.
17. Mani on May 6th, 2010 10:50 am
    

    Greg,

    In 2009, 1.2650 seem to be the support where from it bounced to 1.37 area.
18. Peter J Shepherd on May 6th, 2010 11:20 am
    

    I agree, and each market move, with your comments we learn more, until, one day, we’re fishing on our own, and training others how to fish.
19. Mani on May 6th, 2010 11:48 am
    

    Almost every hour i am forced change the fib lines. New lows !!
20. Peter J Shepherd on May 6th, 2010 12:12 pm
    

    I know what you mean, Mani. Greg, in order to maximize profits, when the market is trending down as it is, does it make more sense:
    A) To take profit at the bottom trendline, and then get back in when it bounces back off the top trendline?
    B) Take profit at the bottom and trade long to the top, and then take profit there, and then get back in short when it bounces off?
    C) Stay in, ride it to the top trendline, and then get in for another position when it bounces is back down. Keep doing this over and over again until the down trend is finally over.
    Which of these scenarios would most likely have the best risk/reward ratio?
21. Greg Michalowski on May 6th, 2010 12:38 pm
    

    There is no best. We cannot predict the future. We can only say there is support “here” and if the price moves higher, it has to reach targets in that direction. If it does not, that tells you something, doesn’t it? Trading is about keeping risk under control so you can control fear. Then it is about looking for those targets in the direction of your trade and surpassing them. If you can, you are then likely to be able to move things like stops up and perhaps ride a trend, but you also must realize that markets don’t always trend. If you know your risk. Know the targets along the way that make sense, you can get an idea if the market is goingo to continue in the direction of your trade…. I hope that makes sense…
    Greg
22. Peter J Shepherd on May 6th, 2010 1:08 pm
    

    Yes, it does make sense. I guess a lot of it is just getting experience under your belt, by doing it over time. So the biggest key is to control risk first, then go for the profit.
23. Greg Michalowski on May 6th, 2010 2:27 pm
    

    Mission Statement:
    “Make the most money with the least amount of risk”

    Game Plan is:
    “Trade Trends and Keep Fear to a Minimum”
24. Mani on May 6th, 2010 3:43 pm
    

    There was a rise of around 700 pips in usd/cad today One of my frind got stopped out b’cos he did not use stop. loss.

    Greg, is there any “play ” in usd/cad?
25. Mani on May 6th, 2010 3:49 pm
    

    May be my question is ubsurd, but i never seen such volatility in usd/cad all these days. This is why my question.
26. Greg Michalowski on May 6th, 2010 5:01 pm
    

    The important level to watch is the 200 day MA. The market price is right around that key level currently.
27. Tim on March 1st, 2012 2:51 pm
    

    I get recording does not exist?
28. Greg Michalowski on March 1st, 2012 6:24 pm
    

    Try it now. I can view it now (6:23 PM ET). it might have still be rendering.

    GReg

Add a comment