Recent Comments

• kenny: Horizontal red dotted line... (view article)
• Greg Michalowski: Are you talking about the line going horizontal or the line slanting to the upside on the chart.... (view article)
• kenny: " I will simply draw hortizonal lines where there are levels that the market tends to lean against either as support or resistance in the pas" Could you please clear me on that with example. I mean where I can get the line from. Is it from daily hi... (view article)
• Greg Michalowski: Thanks...I am glad you like the book. Regarding the horizontal "remembered line" (dotted/dashed line), I will simply draw hortizonal lines where there are levels that the market tends to lean against either as support or resistance in the past. The... (view article)
• kenny: Thanks very much Greg. I just bought your book "Attacking currency trends". I have learnt a lot from it. I would like to ask where this doted red line came from? Its very good S/R line. Can the line be plotted on 5min chart and 1hr chat with the s... (view article)
• Mohammed: Dear Greg am always folowing you trading set up. but the thinks is that am always using 70 pips for the SL. is that ok, my equity is $1200, using 2% of it. am always in this range gining some and then comong back to this equity again?!!!. w... (view article)
• Greg Michalowski: My pleasure. It is not a currency pair I tend to follow. I should...... (view article)
• Carmen: Dear Greg: I deeply appreciated your information and your quick response. Carmen... (view article)
• Greg Michalowski: Nothing yet suggests that the bottom is in place. Will post a chart on the blog.... (view article)
• Carmen: Greg: How do you think EUR/AUD? Do you think this level (1.2150) be bottom? Thanks Carmen... (view article)
• Greg Michalowski: Thank Muhamad. I want you all to learn so you can stand on your feet and love forex trading (not always love the market!)... (view article)
• Muhamad Khalil: Greg, you are brilliant... i have to say it is hard to only fall in ''like'' with Forex as you say, when there are sincere people like you out there benefiting the rest with their knowledge of Forex. I am a newbie at this, and actually very comfortab... (view article)
• Greg Michalowski: Good to hear from you and I will slow dowwwnnnnnn... (view article)
• Mohammed: Thank you Greg Michalowski for the commentary it is helpful and when I have a chance I jump and look for your comentary., even though you were not here for quite some time. inthe Start I was saying what this guy talking about and you were fast fo... (view article)
• Greg Michalowski: Tony and all, CLick on the link in the post. You will need to register to view (sorry but that is the way it is). If you have any problems, send me an email at greg@fxdd.com. Greg... (view article)
• Tony: Hi Interested in watching gregs webinars.... Thanks Tony p... (view article)
• Polina: On the brake above trendline resistance I have to buy AUS/USD?... (view article)
• yongbin yu: I will be there! looking forward to it!... (view article)
• Greg Michalowski: No further webinars are scheduled for today. We will have webinars tomorrow.... (view article)
• yongbin yu: seens you got a webnair today?... (view article)
• yongbin yu: man your news fast!!!... (view article)
• Greg Michalowski: ; )... (view article)
• Muhamad Khalil: Thank you! Muhamad... (view article)
• Greg Michalowski: The forex day starts and ends at 5 PM ET. That is what I use in the report.... (view article)
• Muhamad Khalil: Hi Creg, Is the time span in your ''day's range/20 day avg range'' a full day starting for example at 00:00 gmt ? or? Thank you. Muhamad... (view article)
• Greg Michalowski: Thanks...Tell your friends. Tweet it. Let the word out. We look to provide meaningful analysis for retail traders. THat is our focus. ; ) Thanks again!... (view article)
• nope: like your analysis Greg.. we're on the same boat. :)... (view article)
• James Clark: China will outperform going forward. The Communist Capitalist system has powers that our US system does not. they only need the wisdom to exercise those powers on the world and domestic stage. It appears their goal is world business s... (view article)
• Greg Michalowski: Good question and something I planned on addressing in an upcoming webinar. If the range is particularly narrow for a day compared to what is average it often is a precursor to an expanded range in the future. So for instance, assume the NY sess... (view article)
• Larry: Thanks Greg but I feel a need to learn more about the best usage of info such as Days Range & 20 Day Ave Range???... (view article)
• Ivan: Greg, thanks for putting all the work into buliding this Review and Preview Chart / Table.... (view article)
• Greg Michalowski: Good fortune with your trading in 2012.... (view article)
• shri: Thanks a lot Greg. I will execute some buy trades and also some buy limit trades. Will deposit some today I shall name it as " Gold a/c " to be kept for long term benifits.... (view article)
• harihar: Dear FXDD analyser, Can we expect a correction here before falling to 1.1800 as per weekly chart ? The resistance can be 1.3400 range ? Or will it fall as a stone in jan?... (view article)
• Greg Michalowski: Thanks! It is my pleasure to help...Peace and good fortune in 2012!... (view article)
• Greg Michalowski: I will do it over the weekend Shri. I am putting together a year end report... (view article)
• Abbey: Thanks Greg, for the analysis.... (view article)
• shri: Greg, If you find time on monday to post an anlysis in xau/usd it would be fine Greg. I am leaving out of the country on 3 rd jan. Before that I need to decide investing in gold, for that i need to deposit in my/wife ac. with FXDD. I need to... (view article)
• Greg Michalowski: Thanks Michelle. The EURUSD used that 100 hour MA nicely. The GBPUSD was the sloppy one against the 100 hour but started to behave more nicely over the last few hours. Just looking toward the finish line at 4 PM now.... (view article)
• Michele: GBP..Beautiful...short at the 100hr MA ...just for some baby pips...already once and then re entered again ...not liking the euro chart entered long in the sweet spot but i really do not like how messy that chart is ...so i took profits early... wil... (view article)
• shri: Greg, I am planning to invest in xau/usd ( not trade ) through fxdd platform. I shall greatly appreciate your daily/weekly analysis on long term. Thanks.... (view article)
• shri: Point no 5. Please correct 'ABCD analysis exit could be 1.2760/50 and not 1.3760/50. Thanks Greg.... (view article)
• shri: Thanks for eloborate explanation. Sure people will read and benifit from this argument. I love to orgue with you always and get maximum from you. lol. The onething which I failed to get from you is weekly analysis. One per week. In the start o... (view article)
• Greg Michalowski: I don't just use the 5 minute chart but use it in conjuction with the hourly and the daily. That is important to understand. .It is a tool I follow and use and it gives me important clues about the markets direction and behavior. Anyway, you me... (view article)
• shri: The price failed to break 1.2857, I agree fully. It does not mean that it is not going to break at all. Failure to break support will find buyers. Yes i know this theory. It will try to retrace a bit ( UNTILL BUYERS FEEL EXHAUSTED ) and then break... (view article)
• Greg Michalowski: "People following proper MM rules or entered already around 1.3100 levels will not exit at 1.2975 levels as you mentioned." They will if they think the failure of the break of the 2011 low was of significance. I think the level is an important ... (view article)
• Greg Michalowski: I will check Michele... (view article)
• shri: Greg, Your analysis on eurusd posted today is good for daily traders. The near term target for euusd is 1.2760/50. People following proper MM rules or entered already around 1.3100 levels will not exit at 1.2975 levels as you mentioned. T... (view article)
• Michele: Greg I am having trouble last couple of days loginning on your morning commentary ? it keeps saying the stream is not available ..anyone else having this problem..... (view article)
• Greg Michalowski: I think all will be looking for that 1.2000 level to find support from the SNB. CPI inflation fell 0.6% last month which was much worse than expectations and the SNB does not want to see it go any lower (toward deflation). The EURCHF is finding su... (view article)
• 5ko FOREX: It was not a surprise that the Swiss KOF shows that the economy is deteriorating in pace with the Euro Area and with the ever stronger CHF. However, the franc reacted positive on the news, which was expected and surged against the EUR to 1.21821. I e... (view article)
• Greg Michalowski: Larry... Drawing trendlines is open to interpretation. One thing I will try to do is connect as many points as possible. Of course a trendline can be drawn connecting any two points. But if I can find three that are separated, I assume there are othe... (view article)
• Larry Hoover: Not knowing for sure how far in the past to start drawing my trend lines. (SAY IN A DOWN TREND SHOULD IT BE THE LAST TWO HIGH CANDLE HIGHS OR CLOSES?) Can the definition be so tight that everyone should be drawing exactly the same lines ON A GIVEN T... (view article)
• Greg Michalowski: If the pair lost 0.3% per business day for a month, the value would go from 6.3661 to 6.049 20% would take the price from 6.3661 to 6.3337 area (20 business days). If each day the currency increased 0.3% for two months (40 business days), the value ... (view article)
• helen: Actually, I have a project about the revaluation of the Yuan and I am looking for some answers for this topic. I searched and I found that it was generally for the economy to be revalued but I could not find the following: If the Chinese yuan wer... (view article)
• Greg Michalowski: Thanks same to you Shri........ (view article)
• shri: I do not get time to watch your commentary or news articles. I am on holidays. Will join after christmas and new year. Wish you great holidays Greg and FXDD team.... (view article)
• Observer: Has America finally realised that they don't have the so;utions to all the Worldly problems, OR, Is it that Euro Zone doesn't have much to offer in return. OR, Is it that America's problems are just as bad or worse? Is the IMF able to 'solve' the i... (view article)
• Greg Michalowski: THe crossover occurs at a different times because they use the end of day at 3 PM not 5 PM. So every day they take the close for 100 days at 3 PM. We take it at 5 PM. The differences between the closing prices at the different times causes the dispa... (view article)
• Muhamad Khalil: I had sent them an email asking what was raised here and i got the following: ''Your account is Position based account, means that there is no rollover( closing and reopening of positions ), but for your information about the settlement purposes ... (view article)