How to Anticipate & Attack Currency Trends with Greg Michalowski

How to Anticipate & Attack Currency
Trends

Greg Michalowski
FXDD
Chief Currency Analyst
Website: www.fxdd.com
Blog: http//forex.fxdd.com

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Anticipation is making me wait….but


…Good things happen to those who wait


Traders who anticipate something
happening in the market, can be
ready to attack when the time is
right


How can I possibly know something is
going to happen?


Think of


= ANTICIPATION


When a Narrow range
gets Narrower
100 day MA

When the
When there Moving
are an Average
It says to me
abundance of Flattens w/
“Start to
alternating little or no
Anticipate a
Trend” “Red” and SLOPE
“Green” bars

Chart courtesy of Bloomberg http://Forex.FXDD.com

Non Trending
Transitions
Into Trending
Trending
Transitions
Into Non Trending


If a Trader can identify a
NON TRENDING
market, they can start to
ANTICIPATE a potential
TREND market


If a trader can start to
ANTICIPATE a TRENDING
market, that trader is more
likely to
ATTACK the trend with
confidence, and
STAY on the Trend (unless the
market price tells you
otherwise)


Clues for Non-Trending
1. Moving averages moving
sideways (100 and 200 SMA)
2. Two Moving Averages
converge at the same price
with pair current price also at
the same level (Three’s a
Crowd)
3. Narrowing Ranges
4. Red and Green alternating
bars (generally)

•Traders (like Apple) can
ANTICIPATE a Trend and ATTACK
the Trend.
•Clues come from simple technical
tools and the price action.
• By being aware and
prepared, the smart trader can
sniff out the big trends.
•Use common sense, follow the
clues from the tools and you can
too.


To subscribe to Email distribution list: greg@fxdd.com
Twitter: gregmikefx
Blog at FXDD: http://forex.fxdd.com
Author: Attacking Currency Trends (Wiley, April 2011)


How to Anticipate & Attack Currency Trends with Greg Michalowski

How to Anticipate & Attack Currency Trends with Greg Michalowski

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How to Anticipate & Attack Currency Trends with Greg Michalowski