Recent Comments

• Lee Barker: so its looking like the same formation in the same time frame at the end of Dec to the end of Jan. Now lets just see how strong the dollar can be and push this EUR down.... (view article)
• Greg Michalowski: I like when the 100 and 200 SMA cross with the current price at the same level. THis is what I call Three's Company and suggests the market is at a crossroad. The market often likes to move away in a trend fashion from this area either to the upside ... (view article)
• Andy: Is there any significance to the 100 SMA crossing the 200 SMA on the 1 day chart. Looking back at the 1 Day chart when this cross happens the market seems to move in that direction for 8 months at the least. Any thoughts? Thanks... (view article)
• Greg Michalowski: I am not sure to be honest and do not want to mislead you. Greg... (view article)
• Rance: Morning Greg, can you expand on Ader's comments... specifically what he means by the following: "....the 2/10Y curve was “flatter on this and we note 2s/10s support at 270 bp” and adds that “the charts are cuspy in 10s for a potential break to ... (view article)
• Edi: Hi Greg... Thanks for your advise.... it will be reached to 1.3820 by end of this week, is there any techincal analysis on support on this. Let me know. Tks.... (view article)
• Efraim 'THE PIP DISPENSER': FOMC Statement, Federal Funds Rate – Tuesday, March 16, 2010 at 2:15 PM EST The FOMC's decision will be announced today, Tuesday, at 2:15 Est. In my opinion, the US Federal Reserve will vote to leave interest rates at their historic low 0.25%. T... (view article)
• Greg Michalowski: See http://forex.fxdd.com/75507/forex-trading/eurusd-breaks-higher-2 Greece removed from S& P watch list helped push the EURUSD through the resistance at 1.3735.... (view article)
• Edi: It fly now... 1.3771 what's going on? Pls advise... (view article)
• Lee Barker: Cheers Greg... (view article)
• Greg Michalowski: Thanks Lee...The commentary from longer term analysts are bearish. From a technical perspective, the price is back below the 100 hour moving average which gives a bearish bias from that perspective. Will continue to watch the steps down along the wa... (view article)
• Lee Barker: might shoot all the way down to the 1.300 level or lower. EU is weaker than every one thinks. That's my 2 cents/pence worth.... (view article)
• Dan Doherty: Thank You FXDD: Thanks so much for staying ahead of the proprosed legislation and transferring my account off shore. I sent an email addressing the loss of jobs and investment capital to the secretary@cftc.gov I have a very small account am to not t... (view article)
• Shawn Powell: Hi Teresa, Here is the link to the training from March 11th Click here to watch... (view article)
• Photographer Christchurch: This would mean that Nissans, Hondas, Mitsubishis and Subarus will be cheaper. Need to replace tghe aging Pajeros in our Garage.... (view article)
• Teresa: I love all your comments and webinars. THANK YOU Today I am not able to partecipate, can you pleeeeeeeeeeeeease add today's webinar to the site as fast as possible. I need to learn for tomorrow trading. Some time you are a bit late. SORRY. It si VER... (view article)
• rahul: hi ran wait for next m30 chart then see the result... (view article)
• rahul: hi as per my observation it went to 1.3644 or even at 1.3633 but sad news my 1 set up get closed under stop loss. my stop loss was 1.3670 & take profit was 1.3644... (view article)
• rahul: hi well i am too agree with that price should come down too 1.3635, but irrespective of present news, we have to wait till us session start. at intial stage i am expecting it should reach to 1.3644 as per observation & analysis... (view article)
• Greg Michalowski: Sorry.. I have added the clarification with the text now. I got tied up on the phone.... Greg... (view article)
• RanceSan: Hi Greg, why are you saying that a move below the Trend Line of 1.3645 is needed? I would think that it needs to hold or stay above that point to make the push higher to the 1.37 handle...... (view article)
• shawn: Step 1: Market trends heavily. Step 2: 'Smart' traders take their profit. Step 3: Market consolidates the gains. (ie .taking sucker bets, because 'smart' money is already out of positions and patiently waiting for a clear sign which can be a techn... (view article)
• Greg Michalowski: The market is characterized by what seems to be traders with very limited foresight on market movement. THis is a characteristic of a non trending market. We are getting used to the levels and the market gets used to them as well. We know 1.3654. W... (view article)
• Muhammad: A lot of short term investors are in the markets with huge capital and high risk trades: They are managing risk but taking only short term positions. Holding not for long and realizing profit quicker than usual.Can it be the case? I might be wrong... (view article)
• Shawn: Some smart people @ Goldman Sachs. Paid a fee for hiding Greece debt to get them into the EU while at the same time selling CDS against Greek debt(to suckers) and not to mention they recommended to their FX clients (ie. more suckers) that eurusd woul... (view article)
• Greg Michalowski: Take a meaningful high and low price. On a 5 minute chart it may be different than an hourly chart. THe goal however, is to find the most meaningful logical areas that you would think the market is watching as well. I will try and touch on it th... (view article)
• Sebastian: Hi Greg, I just have a general question... How does one determine when to draw the Fibo lines, ie.: which lows/highs to pick, how far back to go, etc. Are there general guidelines on that?... (view article)
• Efraim 'THE PIP DISPENSER': My Trading plan from last night: No BUY/HOLD and/or SELL recommendations! The AUD/USD is moving up toward the 100 day Moving Averages while, Stock, oil and commodities increase. Copper futures are up about 5.90. Gold is up 19.63. Oil is up 1... (view article)
• Mani: 40 pips up and down since europeon session, bears and bulls seem to be fighting each other. lol. Only ECB intrest rate decision and NFP will move this pair from the present situation i guess.... (view article)
• Greg Michalowski: Keith.. the markets are very tense to say the least. The 1.3654 level is a key level, and the price has difficulty gong higher at the level. I have not heard a lot of go long drums of late but perhaps you heard some overnight. I do think the marke... (view article)
• Keith: AS per newswires? The newswires have been buzzing with speculation on how high the Euro will go once the offer is made, driving and having traders into long positions. Maybe those who kknew the truth have been holding this info back as they had lon... (view article)
• Mani: Within the last few minutes it tested again ( 6 th time ) 1.3655 level and fell sharply, around 50 pips. Let s see.... (view article)
• Greg Michalowski: Need to develop momentum above the 1.3655 level and can't. It is a key level going back to Feb 17th on hourly and is 61.8% of the 2 week trading range. Should see proft taking sellers against with stops above as the mkt looks to continue the trend.... (view article)
• Mani: Greg, During the europeon session, the Euro/usd pair tested 1.3655 level five times, where do you see this pair from now? Currently trading @1.3639. Thanks... (view article)
• Greg Michalowski: Yes. Year on Year . MoM =Month on Month Greg... (view article)
• Joe Patrell: Please confirm that "YoY" stands for "Year ofe Year". Please correct me. Joe... (view article)
• Lee Barker: Real wide pennant forming here! Been riding down the top part for the last few hours. Would be nice if it completes. Cheers... (view article)
• Greg Michalowski: The market can tend to be more forward looking. From a fundamental perspective, perhaps the thought that Canada is getting closer to the tightening takes the yield differential advantage away from the AUD away. That is RBA has been raising rates an... (view article)
• Chris: Greg, I trade AUDCAD, generally audcad goes similar directions as audusd. RBA raised interest rate yesterday, and AUD has risen against most currencies. BOC kept rates same this a.m. and CAD has strenghtened against most currencies. But Audcad h... (view article)
• Greg Michalowski: I think there has been some real pressure from the EU to take some responsibility for their actions. The more news comes out the more clear the trend will hopefully get....... (view article)
• RanceSan: Greg, do you think that it was always going to turn out that the EU HAD to support the Greeks? Seems that they have been just dancing around causing the market to go all over the place trying to determine what was finally going to be put in place....... (view article)
• Greg Michalowski: If above the 100 and 200 bar MA bullish. IF below bearish. It seems like the world is saying bearish but it may not neccesarily be that way. As you know, I follow the technicals. Right now the 100 and 200 bar MA on the hourly chart are starting to... (view article)
• Sebastian: Greg, When you say "move away from these levels" does that mean up or down? I think that the EUR/USD is still in a downward trend looking at it in the long term.... (view article)
• Greg Michalowski: The market has a lot to digest over the next few days. Greece. interest Rate decision on Thursday. Then Non-Farm Payroll on Friday. So there is a lot to get through. I would expect a move away from these levels.... (view article)
• Mani: Greg, Today in the europeon session, this pair made new low but rebounded sharply to 1.3550 area. Non trending for last few days, shall we see more choppy sessions?... (view article)
• Greg Michalowski: Rance, The EURUSD has the potential to be influenced by developments out of Greeece at any moment. THat can be good or bad news so that makes me suggest being in the market while watching the market. The 100 and 200 hour MA continue to be my guidin... (view article)
• jawdat: No need to say sorry...I thank you and I appreciate your valuable knowledge... (view article)
• RanceSan: I like your new web site Logo... Well, as you know it's been another wild ride and if the EU can finally pull it together with the Greek situation we might turn the EUR positive again. The huge drop in Cable last night was a surprise. It caught me to... (view article)
• Greg Michalowski: I answered the question. sorry for the delay...Greg... (view article)
• Greg Michalowski: The market does "remember" and so did you....Thanks on logo...Greg... (view article)
• Greg Michalowski: Jawdat, I use moving averages, and Fibo Retracements and trendlines to determine the bullish and bearish bias. When the market moved above the 1.3483 level, it was back above it gave me some indications the price was going higher (or gave me a leve... (view article)
• Shawn: I think I am having deja vu.. buy limit triggered at 1.3483 last week and yet again this week. Oh and I like the new logo. Very sleek.... (view article)
• jawdat: Greg, Please answer my question. Thank you very much Jawdat... (view article)
• Sebastian: Thanks for the tip... I'm still learning... :o)... (view article)
• Mani: Entry is important, sometimes on retracement we get caught. Once the trend resumes, then it is the time to re enter.... (view article)
• Lee Barker: They normally do fill in a day or so after... But in a case like this its going to whiplash all over the place before it gives us what we want. Nature of the beast as they say...... (view article)
• Sebastian: Thursday going into Friday last week I was so close to closing out my short positions in EUR/USD and EUR/JPY... But I sat patiently instead and it worked out just great... Rule number 1... never panic! Hehe.... (view article)
• Greg Michalowski: Follow the what the charts are tellling you. Not the gap. If the price is going go up to fill the gap, the price would go up above the 38.2% of the days range, then above the 50% and then the 100 bar MA on the 5 minute chart. People who thought the... (view article)
• Mani: Greg, The GBP/USD pair has opened 80 pips down yesterday and so gapped down. I have read somewhere the gap shall be filled up in generally 48 hrs. Since there was polical turmoil in UK i did not trade in this pair but i shall appreciate your... (view article)
• Lee Barker: It has to fill in...... (view article)