Greg michalowski forexlive

You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions.

Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record.

Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. What does it mean when the price hits a moving average or a trend line? What are they thinking? Why are they doing that? Greg emphasizes that you must become the barnacle on the back of a whale. But if you understand that concept, you can build off of it. What is the difference between institutional traders and retail traders?

They want to get in at the best possible price. Sometimes they have the volume come to them and they can push through resistance. You can see it on the charts. If by some miracle they cover technical trading, they talk about day or day moving averages. So Greg started following those averages.

Institutional traders lean against trend lines. If you have two institutional traders come up to a key technical level, you may have one leaning against it from the sell side. The sellers then go to buy it and jump on it as well. What is close risk? How does Greg manage trades? What is he looking for? Listen to learn more! How does a retail investor survive without special knowledge? They have better tools, research, resources, and more information.

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Meanwhile, crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is strategically relied upon and situated in the global economy. Crude oil has proven to be a unique option for traders given volatility and the efficacy of both swing trading and longer-term strategies. Despite its popularity, crude oil is a very complex investing instrument, given the litany of fluctuations in oil prices, risk, and impact of politics stemming from OPEC.

Short for the Organization of the Petroleum Exporting Countries, OPEC operates as an intergovernmental organization of 13 countries, helping set and dictate the global oil market. How to Trade Crude Oil Crude oil is most commonly traded as an exchange-traded fund ETF or through other instruments with exposure to it.

Brent is the more relied upon index in recent years, while WTI is more heavily traded across futures trading at the time of writing. Other than geopolitical events or decisions by OPEC, crude oil can move due to a variety of different ways. The most basic is through simple supply and demand, which is affected by global output.

Increased industrial output, economic prosperity, and other factors all play a role in crude prices. By extension, recessions, lockdowns, or other stifling factors can also influence crude prices. For example, an oversupply or mitigated demand due to the aforementioned factors would result in lower crude prices.

This is due to traders selling crude oil futures or other instruments. The price has rotated back below the hour MA and also the 0. The current price trades at 0. What now? For traders looking for something to do in the ups and downs, if the price can stay below the hour MA, sellers in control. To paint the technical picture Targets are 0. The hour MA is at 0. That area was a ceiling in October until breaking higher this week.

The holding at the lows today is a good thing for the move higher this week. On the topside the highs this week did extend above a swing area but failed. GBPUSD tested a swing area on the downside Taking a broader look at the daily chart, the highs this week stalled at a downward sloping trend line see chart below. That gave sellers on that chart, some comfort. So there is support below off the 4- hour chart and resistance above off the daily chart.

The price trades between those extremes as a result. Looking at the hourly chart, the move higher took the price back above its hour moving average at The price also extended above the Buyers tried to get and stay above that level on 2 separate hourly bars, but failed on each. The level remains a key level to get above and stay above if the buyers are to push higher. USDJPY trades above and below the hour moving average Having said that, moving back below the hour moving average and staying below would be more bearish.

Admittedly, the price has seen price action above and below that moving average line as traders are more cautious given the move lower this week. As I've commented in my videos this week, the move to the downside has been helped by technicals, and the technicals will have to be the guiding light for traders given the central bank fundamentals that support the USD over the JPY a higher USDJPY.