FXstreet.com Live Sessions Archives

Ichimoku Trading: Strategies, Setups and What to Watch for

Expert: Chris Capre, Founder at Second Skies LLC
Moderator: Maud Gilson, Conference Manager

Summary:
Many traders have had challenges trading the JPY pairs. However the Japanese traders have had large amounts of success in trading their native currency. This is not just due to familiarity, but the approach and indicators they use to measure key levels for these pairs - the Ichimoku Cloud.

This indicator is not only easy to learn, but highly accurate in giving JPY trading signals. When one learns how to use it correctly, one can build a very high accuracy and profit ratio trading the JPY pairs which can be some of the most volatile. Taking this class can give you a chance to master trading the yen and learn a unique approach to trading the asian pairs as a whole.

Ichimoku is included in our "Live chart Panel": http://www.fxstreet.com/rates-charts/charts-panel/

Asian Session: Live Market Analysis

Expert: Dr.S.Sivaraman, CEO and owner at i-knowindices.com
Moderator: Maud Gilson, Conference Manager

Summary:

Dr. Sivaraman will review the previous day close levels and calls given in his blog and present expected trading ranges in 4 majors and 2 commodity pairs.

Quarterly Outlook for the Currency Majors: Review of Q1 2010 - Special Webinar 10th Anniversary

Expert: Ilian Yotov, FX Strategist and Founder at AllThingsForex
Moderator: Maud Gilson, Conference Manager

Summary:

• Q1 2010 Trends for the Currency Majors
• Fundamental and Technical Developments Driving Q1 Trends
• Factors that Could Continue to Impact the Major Currencies in Q2 2010
• Major Currency Pairs Analysis and Q&A Discussion

Supply, Demand and Bollinger Bands

Expert: Sam Seiden, Stocks and Commodities Instructor, Author and Mentor at Online Trading Academy
Moderator: Maud Gilson, Conference Manager

Summary:

During this session, we will go over the rules of the strategy and apply them to the live market for day and swing trading opportunities.

GDP Live Coverage

US GDP Live Coverage with Valeria Bednarik

(03/26/2010)

  

Close

12:13

FXstreet.com:  Information and opinions contained in this live coverage session are for educational purposes only and do not constitute trading recommendations. Friday March 26, 2010 12:13 FXstreet.com

12:13

FXstreet.com:  Trading OTC Forex on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange and futures trading, and seek advice from an independent financial advisor if you have any doubts. Friday March 26, 2010 12:13 FXstreet.com

12:14

FXstreet.com:  Good morning, good afternoon and good evening to everyone all over the world. Today's U.S. GDP Live Coverage will start shortly. I am really pleased to introduce Valeria Bednarik who is going to take part in this live event today as a co-presenter. She will be giving us a direct picture for the market status. Friday March 26, 2010 12:14 FXstreet.com

12:14

FXstreet.com:  Valeria Bednarik has been an active Forex trader for the last 5 years, specializing in the International Foreign Exchange Market. She also graduates in the Universidad Catolica del Salvador, in Argentina, as a Public Account, specializing in financials and cost managements. Friday March 26, 2010 12:14 FXstreet.com

12:14

FXstreet.com:  She currently works as chief analyst for Fxstreet.com, and trough her own company, manages an important clients portfolio for Fxsolutions, also training new traders around the word. Friday March 26, 2010 12:14 FXstreet.com

12:14

Valeria Bednarik:  Hi everyone, and welcome back! As always, my pleasure to be here with you and Fxstreet.com team to provide this Live Coverage of what's going on in the markets. Friday March 26, 2010 12:14 Valeria Bednarik

12:16

Valeria Bednarik:  Today, we are expecting the final revision of US q/q GDP, expected unchanged at 5.9%. Report itself probably won't trigger any strong market rection, yet current enviroment seems pretty interesting: dollar has been quite strong these week, despite FED keep stating rates will remain low for an extended period. Friday March 26, 2010 12:16 Valeria Bednarik

12:17

Valeria Bednarik:  Most of dollar gains across the board, come from Euro weakness, and the lack of a clear solution for the greece debt issues; the summit taking place now in Brussels, can bring some light to the question. anyway! let's start with questions Friday March 26, 2010 12:17 Valeria Bednarik

12:18

[Comment From hardstone1hardstone1: ]  hi Friday March 26, 2010 12:18 hardstone1

12:18

[Comment From hardstone1hardstone1: ]  I want to know about euro/jpy Friday March 26, 2010 12:18 hardstone1

12:19

Valeria Bednarik:  Hi Hardstone, EUR/JPY seems to haver a strong resistance area around 124.00/40 zone. Pair has been pretty bearish lately, mostly due Europ weakness. However, Japanese yen is also losing ground strongly since past Wednesday, favoring a slightly bullish perspective in the pair. We need to see it breaking above 124.40 to confirm a continuation Friday March 26, 2010 12:19 Valeria Bednarik

12:19

[Comment From GuestGuest: ]  hi i m new person on trading plz giude me where will euro/usd n pound /usd going up or down if data will positive Friday March 26, 2010 12:19 Guest

12:21

Valeria Bednarik:  Well at this poitn, euro is finding more support than pound. EUR/USD has resistance around 1.3410, so a break above that level, could take the pair to the 1.3450/85 zone, yet destiny is highly attached to summit. I see some support around 1.3350 area so under that level, pair should retest 1.3300 zone. Friday March 26, 2010 12:21 Valeria Bednarik

12:21

Friday March 26, 2010 12:21

12:21

Valeria Bednarik:  Pound is testing 14850 zone. under that level, I would expect further falls to the 1.4810 area, ahead of yearly lows around 1.4770 Friday March 26, 2010 12:21 Valeria Bednarik

12:22

Friday March 26, 2010 12:22

12:22

Valeria Bednarik:  As you can see in the daily chart, Euro is moving in a clear bearish trend, with indicators still supporting further falls, so consider current upside movements mostly corrective mid term talking. Friday March 26, 2010 12:22 Valeria Bednarik

12:22

[Comment From AngelAngel: ]  Hi Valeria. Straight to the point: Financial aid for Greece ends EUR downward trend or are we still headed for 1.30? Friday March 26, 2010 12:22 Angel

12:24

Valeria Bednarik:  Hi, well, technically pair remains bearish, and the financial aid, is not as simple as that... they are still trying to decide how much and when and there are a lot of IFS in the idea now. I still see Euro weak, and unless a really shocking proyect, I don't expect the financial aid to favor Euro more than in the short term Friday March 26, 2010 12:24 Valeria Bednarik

12:24

[Comment From rezrez: ]  hi valeria.if a better than expected number of gdp annulazied and a worse than expected number of gdp price index come out what happen to gbp/usd and eur/usd? Friday March 26, 2010 12:24 rez

12:25

Valeria Bednarik:  I do believe that a better annualized will keep on favoring dollar bullish current trend. Unless the reading is way too far inder expectations, I don't expect dollar to print a strong reaction Friday March 26, 2010 12:25 Valeria Bednarik

12:26

[Comment From zackzack: ]  will usd/cad rise further afterGDP? Friday March 26, 2010 12:26 zack

12:27

Valeria Bednarik:  As far as I can see, pair has regained the 1.0250 strong resistance now support level. If remains above that area, I see chances yes of an upside continuation, depending on report results, with next resistances at 1.0280 1.0320 and 1.0350 for today Friday March 26, 2010 12:27 Valeria Bednarik

12:27

[Comment From GuestGuest: ]  hi euro or pound going first up or down after positive gdp Friday March 26, 2010 12:27 Guest

12:28

Valeria Bednarik:  My friend we need to ignore those first spikes, and give market 15 minutes after the news is released to diggest it and set the intraday trend. First spikes tend to be tricky. We need to see pairs breaking above resistances or under supports and confirming technically before taking a decision Friday March 26, 2010 12:28 Valeria Bednarik

12:28

[Comment From kalakala: ]  how gbp/usd will react during the election time in uk Friday March 26, 2010 12:28 kala

12:29

Valeria Bednarik:  Good question! not sure to be able to provide the right answer: that will depend on who wins the elections if actual party finds supports in the votes, then that should favor Gbp. On contrary, if actual party lose, chances are of further downside pressure for {Pound Friday March 26, 2010 12:29 Valeria Bednarik

12:30

FXstreet.com:  here we have Cable daily chart Friday March 26, 2010 12:30 FXstreet.com

12:30

[Comment From GuestGuest: ]  hello is the usd/jpy effect from news Friday March 26, 2010 12:30 Guest

12:30

Friday March 26, 2010 12:30

12:30

Valeria Bednarik:  ok REPORT IS HERE, slightly under expectations. Friday March 26, 2010 12:30 Valeria Bednarik

12:31

Valeria Bednarik:  5.6% against 5.9% some risk aversion seen across the boards, with EUR/USD and USD/JPY spiking lower, nothing definive at this point. Friday March 26, 2010 12:31 Valeria Bednarik

12:33

Valeria Bednarik:  USD/JPY has been quite bullish since BOJ decided to extend the amount of money destinated to QE. Pair broke a daily descendnat trned line, and the dailsy 200 SMA both around 91.50 far from current price. A bit overextended to the upside, a corrective movement could take place now, with supports at 92.40, and 92.00 zone. Above 93.00, pair should accelerate to the 93.35 zoen, ahead of 93.75, this year high Friday March 26, 2010 12:33 Valeria Bednarik

12:33

[Comment From bollinger Manbollinger Man: ]  Hi Valeria! How do you think will a rising GDP affect the USD/COP? Friday March 26, 2010 12:33 bollinger Man

12:34

Valeria Bednarik:  Hi and welcome. for what I can see after ths fist spike, pair could trigger some short downside movement, thus I don't see a strong reaction to the data yet Friday March 26, 2010 12:34 Valeria Bednarik

12:34

[Comment From ceasarceasar: ]  Hi Val, how would you like to play EUR/USD at current levels ? Friday March 26, 2010 12:34 ceasar

12:34

Valeria Bednarik:  Well I will wait for a break either above 1.3410 or under 1.3350; those are the levels to watch for me. Friday March 26, 2010 12:34 Valeria Bednarik

12:34

[Comment From pepapepa: ]  Hi Valeria, Resistance for GBP/USD where ?? Friday March 26, 2010 12:34 pepa

12:35

Valeria Bednarik:  1.4885, 1.4920 strong one, and only above this one, 1.4970 Friday March 26, 2010 12:35 Valeria Bednarik

12:35

[Comment From zackzack: ]  what about usd /cad? Friday March 26, 2010 12:35 zack

12:35

Valeria Bednarik:  Take a look above please, already comment Tks. Friday March 26, 2010 12:35 Valeria Bednarik

12:35

[Comment From ceasarceasar: ]  any input on GOLD from current lvls ? Friday March 26, 2010 12:35 ceasar

12:36

Valeria Bednarik:  Gold has a huge support around 1080 area, I don't see it breaking lower anytime soon. Capped under 1100, above that resistance area, gold should extend rally to the 1108 area, ahead of 1120 zone. Friday March 26, 2010 12:36 Valeria Bednarik

12:37

[Comment From RakstarRakstar: ]  Hi What do you think about Cable? will ’ drop further to $ on the short term? Friday March 26, 2010 12:37 Rakstar

12:37

Valeria Bednarik:  As comment above, seems likley if pair ccelerates trough 1.4850 support zone. Friday March 26, 2010 12:37 Valeria Bednarik

12:37

[Comment From scottscott: ]  any thoughts on where we may see eurusd finish out hte day/week? Friday March 26, 2010 12:37 scott

12:39

Valeria Bednarik:  I can analize chart, and follow the trend..as comment above pair is consolidating in a tight range, slightly bullish intraday talking, strongly bearish daily charts. key break of 1.3410 or 1.3350 will define trend Friday March 26, 2010 12:39 Valeria Bednarik

12:39

[Comment From rodrigo - Portugalrodrigo - Portugal: ]  If EURUSD rebounds where can he go? 1,38 is possible? Friday March 26, 2010 12:39 rodrigo - Portugal

12:40

Valeria Bednarik:  We could see a rebound, but 1.3800 seems quite far away.. mid term pair break the 61.8% retracement of past year rally, around 1.3485, now key resistance area. 1.3800 is the 50% of the same rally. we need at least a weekly close above 1.3485, to have some chances of such rally, yet I can't see it right now. Friday March 26, 2010 12:40 Valeria Bednarik

12:40

[Comment From RakstarRakstar: ]  what does under expectations mean? USD to get weaker? Friday March 26, 2010 12:40 Rakstar

12:42

Valeria Bednarik:  As I always told you, there is almost no report, able to change trend. We could see some spikes, but no more. Dollar can weak today only because of two reasons: Friday profit taking, or Euro zone coming to a GREAT resolution of the greek issue, an I can't see any of both taking place today. Friday March 26, 2010 12:42 Valeria Bednarik

12:43

[Comment From scottscott: ]  could eurusd hit the 1.32 big figure today? Friday March 26, 2010 12:43 scott

12:43

Valeria Bednarik:  i dont' see it , but anything is posible Friday March 26, 2010 12:43 Valeria Bednarik

12:44

[Comment From viksviks: ]  what about gold? Friday March 26, 2010 12:44 viks

12:44

[Comment From NEDBULLIONNEDBULLION: ]  WHAT DO U THINK SHOULD BE DONE IN GOLD ? Friday March 26, 2010 12:44 NEDBULLION

12:44

Valeria Bednarik:  As comment above, 1080 is a quite strong support and i don't see the metal breaking lower. above 1100, should extend rally to 1108 Friday March 26, 2010 12:44 Valeria Bednarik

12:45

[Comment From GuestGuest: ]  How about UJ (long term)? approaching 100.00 level ? Friday March 26, 2010 12:45 Guest

12:45

Friday March 26, 2010 12:45

12:46

Valeria Bednarik:  long term and before that level, we have 3 main resistance areas: 93.70, this year high, 95.50, static strong resistance area, and above the 97.80/98.40 zone.. pair needs to slowly regain them to attempt an approach to the 100 zone Friday March 26, 2010 12:46 Valeria Bednarik

12:46

[Comment From LiverpoolLiverpool: ]  Should we expect EUR turning bullish after Trichet's speech later this afternoon? Friday March 26, 2010 12:46 Liverpool

12:46

Valeria Bednarik:  Good question! Trichet is saying that IMF Friday March 26, 2010 12:46 Valeria Bednarik

12:47

FXstreet.com:  Next week April 2 at 12:15 GMT We have the Nonfarm payrolls Live coverage with Kathy Lien and Boris Schlossberg. Friday March 26, 2010 12:47 FXstreet.com

12:47

Valeria Bednarik:  inclution in the Greece solution is bad for Euro! I believe that Trichet is on contrary, triggering Euro weakness Friday March 26, 2010 12:47 Valeria Bednarik

12:47

Valeria Bednarik:  wait better that the prime minister summit favor euro strength, not Trichet Friday March 26, 2010 12:47 Valeria Bednarik

12:48

[Comment From GuestGuest: ]  yesterday good event retail sales gbp but why shoud be down gbp/usd 4800 Friday March 26, 2010 12:48 Guest

12:49

Valeria Bednarik:  Rally was mostly triggered by risk aversion and dollar strength rather than Pound own readings. Besides the fact that they included in this year budget more QE is weaking Pound since early week. Friday March 26, 2010 12:49 Valeria Bednarik

12:49

[Comment From KarthikKarthik: ]  Val, What is your view on JPY pairs with AUD and NZD considering EUR/USD may rise Friday March 26, 2010 12:49 Karthik

12:51

Valeria Bednarik:  Euro has not much to do in there. AUD is quite strong, as Australia is one of the strongest economies around the world and the only one rising rates and with a brigth economic outlook. NZD is highly attached to the AUD behavior being so closely relatec economicaly talking. i see both crosses still bullish mid term talking. Friday March 26, 2010 12:51 Valeria Bednarik

12:51

[Comment From mgmg: ]  what about the SNB and chf strength? Friday March 26, 2010 12:51 mg

12:53

Valeria Bednarik:  Well they talk, but don't act these last weeks. Swiss remains strong, but i do believe that EUR/CHF rally is way to over extended, reflecting Euro weakness more clearly. I believe SNB is waiting to see euro reaction after the summit to decide wheter or no inteviene markets Friday March 26, 2010 12:53 Valeria Bednarik

12:53

[Comment From sarasara: ]  where do you see usd/jpy and usd/chf? Friday March 26, 2010 12:53 sara

12:53

Valeria Bednarik:  USD/JPY testing 93.35/70 area. USD/CHF, more likely to fall if 1.0660 fails to hold the downside Friday March 26, 2010 12:53 Valeria Bednarik

12:54

[Comment From mikemike: ]  do you think as a long term buy Eur/chf is @ a good price now? Friday March 26, 2010 12:54 mike

12:54

Valeria Bednarik:  Well I see the pair way over extended, and some signs of reversal in the daily chart, due to candle formations; still I can't discard an approach to 1.40 zone. Friday March 26, 2010 12:54 Valeria Bednarik

12:54

[Comment From mikemike: ]  merkel is talking right now!!!!!!!!!!careful euro bulls!! Friday March 26, 2010 12:54 mike

12:55

Valeria Bednarik:  Tks for the advice Mike.. Friday March 26, 2010 12:55 Valeria Bednarik

12:55

[Comment From GuestGuest: ]  now 20 min past but market not showing any trend plz Friday March 26, 2010 12:55 Guest

12:55

FXstreet.com:  We have just 5 minutes left, Please do not hesitate to ask Valeria if you have any questions regarding to the FX trading! Friday March 26, 2010 12:55 FXstreet.com

12:55

Valeria Bednarik:  Exactly, despite first spikes, majors are back to prereport levels. with dollar close to daily highs against euro, gbp and yen Friday March 26, 2010 12:55 Valeria Bednarik

12:56

Valeria Bednarik:  Thats what I was saying about not affecting trend, and giving the market time to diggest the news Friday March 26, 2010 12:56 Valeria Bednarik

12:56

[Comment From mgmg: ]  when is the EU Summit? thanks Friday March 26, 2010 12:56 mg

12:56

FXstreet.com:  Next week April 2 at 12:15 GMT We have the Nonfarm payrolls Live coverage with Kathy Lien and Boris Schlossberg. Friday March 26, 2010 12:56 FXstreet.com

12:57

Valeria Bednarik:  Started today, already developing in brussels.. Not sure about what exact time it will end, or they we be ready to made a statement, yet believe later today. Friday March 26, 2010 12:57 Valeria Bednarik

12:57

[Comment From mgmg: ]  Do you think the canadians will try to avoid parity in usd/cad? Friday March 26, 2010 12:57 mg

12:58

Valeria Bednarik:  Last BOC statement, included the concept that Central Bank is comfortable with current levels in the currency; really I do believe that they will start to worry only if pair approaches to parity, and even then, I dont se ethem acting to hard on the pair. Friday March 26, 2010 12:58 Valeria Bednarik

12:58

[Comment From LimanLiman: ]  Do u still see gold rising Friday March 26, 2010 12:58 Liman

12:59

Valeria Bednarik:  as comment above, gold seems to have a strong support around 1080, and I don't see it losing it anytime soon Friday March 26, 2010 12:59 Valeria Bednarik

1:00	FXstreet.com:  Sorry we are running out of time, I have to wrap up the session. Friday March 26, 2010 1:00 FXstreet.com

1:00	[Comment From paulpaul: ]  Hi Val, with that outcome from USA data risk aversion is favorable for today NY openin right? are u agree? Friday March 26, 2010 1:00 paul

1:00	FXstreet.com:  Thank you Valeria for the great market view!... and every one who has joined the session today.I have had a great time with you. Friday March 26, 2010 1:00 FXstreet.com

1:01	Valeria Bednarik:  Yes paul as comment before, trend is there, and won't change with just one report. On contrary, market will use report to favor current trend, as we are seing right now Friday March 26, 2010 1:01 Valeria Bednarik

1:02	Valeria Bednarik:  _Ok, has been great to be here again! Tks all for attending and see you all back soon! Have a great trading day! Friday March 26, 2010 1:02 Valeria Bednarik

1:02	FXstreet.com:  Alright evey one,, Thank you for coming today! I hope to see you all in the next live coverage. Next week April 2 at 12:15 GMT We have the Nonfarm payrolls Live coverage with Kathy Lien and Boris Schlossberg. Friday March 26, 2010 1:02 FXstreet.com

1:03	FXstreet.com:  Alright evey one,, Thank you for coming today! I hope to see you all in the next live coverage. Have a nice trading day! Bye for now! Friday March 26, 2010 1:03 FXstreet.com

1:03

 

 

Back to Basics - MACD Divergence/Convergence

Expert: Adam Rosen, CEO and Co-Founder at 4xLounge
Moderator: Maud Gilson, Conference Manager

Summary:

We revisit one of the most commonly used technical indicators: MACD.

Drilling down, Support and Resistance

Expert:  Triffany Hammond, Founder at TrifFX
Moderator: Maud Gilson, Conference Manager

Summary:

This technical analysis technique starts with the Daily chart to help identify overall trend and behavior and then moves down to the 4 hour and 1 hour charts to identify significant areas of support and resistance as places to watch for breakouts and bounces as trading opportunities.

This is bare bones technical analysis at its best.

Taking full advantage of precise trading zones - Asian Session

Expert: Rajoo C, CEO at Precise Trader
Moderator: Maud Gilson, Conference Manager

Summary:

Topics:

• How to choose the best cross to trade out of 36 currency crosses
• Q&A
• Identifying Entry, Exit & Stop Loss Levels
• Precise Trader’s viable trades

Tracking the forex market together - Part II

Expert: Dr.S.Sivaraman, CEO and owner at i-knowindices.com
Moderator: Maud Gilson, Conference Manager

Summary:

Dr. S. Sivaraman presents his "Tracking the forex market together". Read the FX European market and learn to make decisions.

Let Dr. S. Sivaraman give you live calls based on market moves and help you finding easy way of trading!

Comment: This webinar is the second part, as a technical problem occurred, we don't have the first part recorded. Sorry for the inconvenience.

MONTHLY WEBINAR: Advanced Price Action Trading

Expert: Chris Capre, Founder at Second Skies LLC
Moderator: Maud Gilson, Conference Manager

Summary:

If you are looking to simplify your trading while learning high-probability strategies backed by 10 years of proprietary quantitative data, then this webinar is for you.

In the Monthly Webinar you will learn 4 advanced methods for analyzing Price Action while learning price action strategies for trading on multiple time frames. There is nothing more potent than learning how to trade without indicators and discover when to be in the market, when to be out, which direction to trade and how to get into trending moves after they have started. You will also learn how to find precise tops and bottoms using the Advanced PBar Trading Strategy. The methods, strategies and information in this class will change the way you look at price action.