**Click Here To Watch Introduction Webinar From Tuesday, September 21, 2010**
Within the Slumdog Forex VIP Premium Area, you will have access to weekly online training on how to place forex trades within the live market in real time. In our weekly videos and reports, we will offer you over-the-shoulder instruction on how to analyze current trends within the market and take you by the hand to guide you step by step on how to place successful trades within the forex market today.
Below, is a directory of all of our VIP training videos, from the most recent tutorial to our earliest tutorials.
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Tuesday, February 2, 2016
Although risk aversion continued to be the main theme for the trading session, as witnessed in the equity market, currencies, on the other hand, continued to show technical signs of indecision in the market as some majors traded within a noticeable range for most of the trading day. This type of mild price action is typical ahead of highly volatile and news driven events, like the Non-Farm Payrolls data, which is scheduled to be released on Friday. For the EUR/USD pair, the common currency only traded within a 55 pip range, and after reaching the session highs, price settled at only 34 pips above the session open. Since economic news events were light on today's calendar, most of today's intra-day currency moves were influenced by swings in oil sentiment. We can also witness this whiplike, chart behavior in sterling as well, with GBP/USD moving within a 119 pip range, but closing the session only 24 pips below the opening price.
During today's webinar, we reviewed price action in EUR/USD, GBP/USD, and AUD/USD. We also looked for opportunities to place a trade around common levels of support and resistance.
Thursday, January 28, 2016
I entered a trade at 10:38am ET to go long on sterling at price 1.4384 and took profit at 1.4394 for a short scalp of 10 pips that brought a +2.68% gain.
Tuesday, January 26, 2016
An air of caution prevailed in the market, as the ongoing sell-off in oil raised concerns about the FED's stance on future rate hikes. This caused investor's sentiment to shift from "risk off" to "risk on" during the later half of today's trading session; all of it being motivated by fluctuation in commodity prices and weakness in treasury yields that kept EUR/USD confined to a 56 pip range at the session closing.
During today's webinar, we reviewed price action in EUR/USD, GBP/JPY and looked for opportunities to place a trade around common levels of support and resistance.
Friday, January 22, 2016
This week's trading is set to end with renewed optimism as investors take on more risks, by rotating out of safe havens and into higher yielding assets. This shift in sentiment was spawned by a mild recovery in crude oil, which caused global equities to bounce from its lows. The greenback (USD) is benefiting from this risk appetite, particularly against the euro and the yen. In EUR/USD, the common currency fell 81 pips at the time of this writing, from the session high at 1.0875 to the current session low at 1.0794. Signs that the ECB may provide more stimulus to the market at their next policy meeting in March, is tempting investors to sell-off the euro, causing the greenback (USD) and sterling (GBP) to benefit from this exchange.
During today's webinar, we reviewed price action in EUR/USD and looked for opportunities to place a trade around common levels of support and resistance. In this webinar, we secured a trade to go short on EUR/USD for 6 pips, which yielded a 2.01% gain in the account balance.
Tuesday, January 19, 2016
Earlier in today's trading session, Asian & European equities were fairly supported on improving risk sentiment, despite the slightly weaker-than-expected Chinese GDP numbers that reported its slowest growth since 1990. China's economy only grew by 6.8% versus the forecast of 6.9%. Since this figure was almost in line with expectations, and crude oil was bouncing off of its lows, the market had a reason to rotate back into riskier assets, for instance, higher yielding/risk sensitive currencies like the Aussie (AUD), Kiwi (NZD), the greenback (USD), and the Singapore Dollar (SGD). This caused EUR/USD pair to sell off for 45 pips during the first half of the trading day.
The sterling also sold off for the day, after BOE Governor Mark Carney signaled that the UK economy is not ready for a rate rise, due to weaker-than-normal inflation and a slowdown in the global economy. The GBP/USD tumbled for most of the trading day, from the session high at 1.4341 to the session low at 1.4129 for a 212 pip slide. Sterling has recovered since then after finding support.
Before the close of this webinar, we witnessed a shift away from riskier assets, and a slow migration into safe haven currencies, as equities on Wall Street began to come off their session highs, with crude oil holding its lows around $30/barrel. At the time of this writing, the EUR/USD has rallied passed its opening price, climbing from the session low of 1.0860 to the current high of 1.0939 for a 79 pip recovery.
Thursday, January 15, 2016
After thursday's webinar, we entered a trade to go long at 1.0955 and took profit at 1.0966 for a short scalp of 11 pips that brought a +3.62% gain.
Friday, January 15, 2016
Risk currencies suffered again for another day of trading spawned by weakness in WTI oil, global equities, and disappointing US economic data. For today, the EUR/USD pair rallied 130 pips, from the session low at 1.0855 to the session high at 1.0985, on safe haven flows, after the US Retail Sales figure and US PPI (Producer Price Index) data underperformed for the month of December. Retail Sales excluding Autos fell -0.1% versus the market forecast of +0.2% climb in sales, falling to its weakest level in 6 years (2009). The Core PPI came in at +0.1% m/m, which was in line with expectation, but weaker than the previous month's value at +0.3%m/m. This news created weakness in the greenback, and helped to support the common currency which was already benefiting from the risk-off trading environment. GBP/USD and AUD/USD are two currency pairs that continued to see a measure of dollar strength, following the release of these announcements.
In today's webinar, we discussed the use of the CCI indicator and it's purpose in timing the entry & exit of trades. We also covered price action in EUR/USD, and looked for opportunities to place trades around known levels of support & resistance.
Tuesday, January 12, 2016
During today's trading activity, market participants resumed confidence for the first time this week, by rotating back into riskier assets, after global economic concerns eased for a brief period of time. The Chinese Yuan and Asian equities stabilized after weeks of increased volatility and sharp declines, causing high-beta currencies like the AUD (Aussie), NZD (Kiwi), as well as the USD (greenback) to be supported on risk appetite. The EUR/USD slid from its session High at 1.0900 to its session Low at 1.0820 for an 80 pip range.
At the moment, market sentiment is shifting back into the safe haven following another sharp drop in oil prices which is weighing on energy-related stocks. This helped to support the EUR/USD pair, and we are now witnessing the common currency pare back its losses and it is currently positive for the day, since its above the session open price. At the time of this writing, spot is 14 pips above the opening price (1.0859).
In today's webinar, we discussed price action in the EUR/USD pair and looked for opportunities to enter a trade around known areas of support and resistance.
Thursday, January 7, 2016
In this webinar, we discuss price action in EUR/USD and look for opportunities to enter the market around common areas of support and resistance.
Wednesday, January 6, 2016
During this trading day, I was able to secure a position that accumulated a 7.4% gain, by going long on EUR/USD at 1.0766. This buy order was placed 2 minutes after the December FOMC minutes were released. The stop loss was 13 pips away from the entry price, and below the nearest support at 1.0753. After 3 minutes, the trade reached the Take Profit Line at 1.0786 for 20 pips.
*Video Production Error: Last half of video is missing.
Tuesday, January 5, 2016
On today, we continued to see traders rout into the safe haven trade, as concerns over China's manufacturing slowdown, and geo-political concerns from the Middle East continue to weigh heavily on investor sentiment. The EUR/USD resumed its tumble lower, after Eurozone CPI figures decelerated during December, only reporting growth at an annual pace of 0.2% y/y versus the forecast of 0.4% y/y. This disinflation in consumer prices caused the EUR/USD pair to fall 128 pips, from the session high at 1.0839 to the session low at 1.0711, where it found support for the day. Lower than expected eurozone inflation data will always support the idea of selling euros since the ECB (European Central Bank) will have to ease further this year.
During today's webinar, we analyzed price action in the EUR/USD, GBP/JPY, and identified areas of potential support & resistane that could serve as good points of trade entry. We entered a position to short the euro that resulted in a failed entry and loss of 2.5%. This trade was recorded in the webinar session.
At the moment of writing, the common currency recovered a small bit of its losses after hitting a 1-month low at 1.0711. The pair is currently in consolidation under the 1.0750 resistance, which is serving as a temporary cap for the day.
Tuesday, December 29, 2015
For the FINAL V.I.P. Trading Webinar of the year, we conducted a live presentation highlighting the major themes that will have an effect on currency prices in 2016.
Here is a list of these topics below:
1. Central Bank Divergence
2. The Political Factor (US Presidential Election)
3. El Niño/Weather Conditions
4. Oil Supply Glut & Disinflation
5. The China Factor
After this presentation, we analyzed the EUR/USD and USD/JPY pairs and provided a simple forecast on what traders should expect from these two currency pairs in the approaching year.
For today, the EUR/USD fell 93 pips after the US Advanced Goods Trade Balance for November widened from -58.41B to -60.5B, which was slightly better than the forecast or -60.9B. Also, the US Consumer Confidence indicator assisted in today's US dollar strength, after it submitted a report of 96.5 versus the forecast of 93.9 during the month of November. The low market participation and thin trading volume, contributed to the exaggeration in price moves and intra-day volatility.
Thursday, December 10, 2015
EUR/USD continued to ease from yesterday's high of 1.1043 due to limited demand in the greenback ahead of next week's FOMC Monetary Policy Meeting. From yesterday's high, the common currency fell 110 pips to the session low of 1.0933, in an attempt to pare back some of the gains from the 2-day rally in EUR/USD. The pair found support at the session low and has been in a intra-day corrective phase since the start of the webinar.
GBP/USD was trading in a limited range of ~36 pips during most of the Asian Session, and prior to the BOE monetary policy announcement. The pair retreated from session highs near H-1.5202 after the BoE left its refi rate unchanged 0.50% at today’s meeting. The central bank also left the Asset Purchase Facility at £375 billion, which was universally in line with market expectations. GBP/USD fell 91 pips at the time of this webinar to a low of 1.5111 where it found support.
In today's trading webinar, we discussed intra-day price action in EUR/USD and GBP/USD, as well as looked for opportunities to enter trades in both currency pairs. For today's webinar, we entered a position to go short on EUR/USD that resulted in a failed entry.
Tuesday, December 8, 2015
EUR/USD managed to advance higher during the early US trading session in a tranquil, yet risk off environment as safe haven demand in fibre appeared to be the preferred trade ahead of next week's FOMC Monetary Policy Meeting on December 15th and 16th. This has supported the Euro cross, climbing 73 pips from the session Low of 1.0830 to the High of 1.0903 at the time of the webinar. Some of the buoyant action in EUR/USD was also aided by weaker European equities.
GBP/USD was under negative pressure at the time of the webinar falling 104 pips from the High of 1.5061 to the Low of 1.4957, where the pair found supportdemand for the day. Mixed data from the UK Manufacturing & Industrial Production figures failed to limit the slide lower, but bids located at 1.4957 supported sterling, causing it to retrace intra-day losses and consolidate below the 1.5000 psychological level at the time of the webinar.
In this webinar, we discuss intra-day price action in the EUR/USD and USD/CAD, as well as looked for opportunities to trade around key areas of support and resistance.
Tuesday, December 1, 2015
EUR/USD continues to recover on profit taking and solid Eurozone MFG PMI figures, as well as improvement in EMU Unemployment rate. This has supported the Euro ahead of major announcements this week, climbing 56 pips from the session Low of 1.0563 to the High of 1.0619 at the time of the webinar. Some of the short covering rally was also aided by weaker European equities.
GBP/USD continued to climb on dollar weakness from yesterday’s low at 1.4994 to the live webinar High at 1.5126 for 132 pips, but some mixed UK data has limited the rally. All 7 Banks passed the UK Bank Stress Test, but UK PMI’s came in weaker than expected at 52.7 causing some weakness in the pair.
AUD/USD continued to climb higher post-RBA announcement to keep rates on hold. The Aussie rallied from the session Low at 0.7223 to the high at 0.7299 for 76 pips. The RBA policy decision and accompanying statement did not provide any surprises this morning, but Wednesday’s GDP data will be more informative to the AUD’s outlook – our economists expect the data to signal the economy is struggling to regain its trend growth rate.
In today's webinar, we discussed intra-day chart behavior in EUR/USD, and had an opportunity to enter a buy order in EUR/USD that reached the take profit price for a 2.98% gain.
Tuesday, November 24, 2015
EUR/USD price action has been choppy, but still with a positive bullish bias for today. The market appears to be continuing the correction from yesterday’s low.at 1.0593. The Pair has formed a tight 51 pip range from the current low at 1.0620 to the current High 1.0671. Price appears to be limited ahead of US Prelim GDP.
The markets expect the GDP to be revised higher to 2.0% from the preliminary estimate of 1.5%. Many investment banks also see a possibility of the GDP printing above 2.0%. The data could turn out to be a non-event for the markets in case GDP prints around estimates. Moreover, the markets consider December liftoff as a done deal and currently the CME Fed watch data shows a 73.6% probability of the December liftoff.
In today's webinar, we discussed intra-day chart behavior in EUR/USD, as well as looked for opportunities to enter the market.
Thursday, November 19, 2015
EUR/USD price action has been choppy, with positive bullish bias for the day on continued dollar weakness despite the slightly decent Weekly Unemployment Claims (121K), and better than expected Philly Fed MFG Index (1.9) report. For today the euro rallied 108 pips in comparison to the US dollar, moving from the session low at 1.0656 to the session high at 1.0764. The upside momentum in EUR/USD can be attributed to the last FOMC Meeting minutes, which indicated that most members agreed that conditions appear to be right for an interest rate hike, but the way they signal this to the market should be approached with caution.
At 11:30 GMT, the ECB Monetary Policy Meeting minutes were published which expressed a more dovish tone in comparison to yesterday's slightly Hawkish FED FOMC Minutes. This reinforces the idea that the European Central Bank and the U.S. Federal Reserve are pursuing divergent paths regarding monetary policy. The ECB Minutes were published saying that there was a case made at the previous meeting for more stimulus, and easing measures having gained much traction. It also showed some members believe deflation risks are still relevant and they must re-examine degree of policy accommodation in December and be ready to act if necessary.
In today's webinar, we discussed intra-day chart behavior in EUR/USD, AUD/USD, and GBP/USD, as well as looked for opportunities to enter the market.
Thursday, August 27, 2015
The EUR/USD pair traded lower in negative territory, as the dollar bulls begin to dominate the currency market landscape. Today’s US Fundamental data reported 2nd Quarter GDP showing the economy expanded by 3.7% on an annual basis, which is greater than the market forecast of only 2.3% annualized growth for the second quarter. The Euro slid 162 pips in comparison to the greenback, falling from the session high at 1.1365 to the session low at 1.1203, which is serving as psychological support for the common currency.
EUR/USD is currently in a corrective phase after finding key support at the 1.1200 psychological zone, and it appears to be well-supported ahead of the market close. If price continues to hold this support, then this will signal the presence of strong demand at this level, and we may see a correction up to the 1.1263/64 level, which is the 38.6% fibonacci retracement level of today’s sell-off, and this week’s pivot point level. The common currency is now consolidating at 1.1251, and may trade within a tight range into today’s market close.
Thursday, August 20, 2015
In this webinar, we also discussed price action in EUR/USD and identified various support & reistance levels for trade entry.
Friday, August 14, 2015
In this webinar, we also discussed price action in EUR/USD and identified various support & reistance levels for trade entry.