FOREXTRADINGMAJIC.COM

WHO SAYS THE NEWS IS NOT PREDICTABLE

2011-08-09T15:01:00.000-05:00

For those who have my course, take a look at our retail vs professional indicator. Notice how once again, they wait until the end of the hour that the data is released. This is to see which side the majority of retail traders took. Today it shows they went short...Right now it's 15 min before the end of the next hour 4:00 pm est. I see operators showing on the dramatic reversal from down to up.

This may change as the op's start selling near the top, nest resistance level to end the hour. I smell flesh burning. Retail flesh...That's the only thing truly predictable about the market. The moves will go against retail traders.

Now listen up. Do you think it was an accident that the head of the fed did not just say that they were keeping interest rates down. Nope...He made sure to state that they would keep them down for 2 years, just to insure that the dollar would tank. What did I tell you a few day ago about New world order. The plan to purposely trash the dollar and then all other currencies...

No Fed chief in their right mind would say they are going to keep rates down 2 years...that is, unless they are new world order, which the fed surely is. If you don't know, currencies rise when the interest rate goes up or they are talking about possibly raising interest rates down the road. They call that a hawkish statement. When they are considering lowering, that causes a currency to fall, and is called a dovish statement.

What kind of statement was it today? It was an announcement more blatant than any I've seen in my 20 years of trading. That announcement was, " we are here, we have taken control, we no longer even give a damn if you know, cause there is nothing you can do about it. We are new world order...resistance is futile...you and your loved ones will be assimilated.

I keep trying to tell you what's up and most of you keep telling me I'm paranoid and you don't have time cause they guy you just bought that get rich system from has pretty charts.

Well, you've still got my support/resistance charts from last week. I told you the levels should be good for at least a week. Take a look at them. They ain't pretty like the guy's you just wasted your money on. But, they will tell you what time it is...

Cheers, Jerry

Thanks for the heads up

2011-08-09T13:55:00.000-05:00

The title link for the previous post is now working thanks to the heads up comment I got from one of my shadow followers...lol. Many thanks.. Go to the previous link and click on the first link for video.

For some reason part 2 still won't upload.. Will try later.

Cheers, Jerry

jerry@forextradingmajic.com

jerryjstew@yahoo.com

PIVOTS WITHIN PIVOTS- MASTER VS FRACTAL PIVOTS PART 1

2011-08-09T10:00:00.001-05:00

PIVOTS WITHIN PIVOTS- MASTER VS FRACTAL PIVOTS PART 1-

Trying to get part 2 uploaded. Hopefully it will get through sometime today. I can't make any promises, I'm too tired to fight them today.

In the meantime, here is an educational link that shows you what the matrix really is as far as the tools of the matrix. Those with eyes shall see...Those with ears shall hear...and those with neither are just like in the move The Matrix. Though they be your brothers and sisters, you will have to shoot them in the head in order for you to survive. What do I mean by that? Stop listening to THEY. STOP ASKING THE OPINION OF THEY! They say this and they say that. IT IS THIS VERY THEY, THAT THE USE AGAINST YOU...

http://www.blogger.com/post-create.g?blogID=1343782991998654955

Down the road I will break down some of this super technology and show you how it's used against you, as well as how it's used against teachers like me. For the rest of you. Like the instructions for when the plane you're flying in has engine failure.. The instructions read as follows, " place head between legs, kiss asshole goodbye...

Cheers, Jerry

LET THE MARKET TELL YOU WHAT IT WANTS TO DO 8:05 am est

2011-08-09T07:11:00.001-05:00

Today is a dangerous day for retail traders. The pairs are full of tweeners on the daily charts. What are tweeners? When a market is between support/resistance levels with no clear commitment where it wants to go. and the most recent equilibrium point ( pivot/balance point ) being relatively far away in time.

It's like, when you see the cops making some drunk driver walk the sobriety line. He is weaving and wobbling but he is still walking that straight line. We are laughing at him and saying, "How is he doing that?" We can't figure out at any moment if he is going to straighten up or tumble down,,,A man walking a tight rope. It's clear that he's drunk but, what's holding him on that line. It's funny because we just don't know what step he will take next although it should be obvious, since he's drunk. The point is, WE JUST DON'T KNOW...that's why it's so funny...

Today is one of those market days. Yes, we can predict, we can guess, but what will the predictions be based on? It's better to react than to predict. It's like professional baseball. The reporter asks the hitter, how did you get the winning hit, and the ballplayer says, "well, he threw me a changeup in the situation the last time and got me out so, I figured he would come back with the same pitch this time, and he did." In other words, I predicted what he would do and GUESSED RIGHT...

But when I hear that question posed to the greatest hitters I've seen they usually have a different answer. They say something simple like, "Hey man, my strategy is, SEE BALL...HIT BALL! I saw it well so I hit it well. In other words, he did not predict, HE REACTED! One of those strategies will keep you around long enough to be in the hall of fame. I'll let you decide which one.

The 4hr and 1hr pivot reversals have done just what they were supposed to do overnight. Performing like champions as usual. However, when we look at the daily chart of the audusd, nzdusd, and usdcad (the commodity pairs ) we can see the potential for all of the pairs.

Now, don't get me wrong, I'm not confused. The market can either do this or do that. The thing is, I don't predict if it's gonna do this or do that. I let the market tell me. And like the drunken man, right now the market is telling me it's going to do this AND it's going to do that. It has not chosen. No commitment. Yeah, but what about the big moves overnight? Yawn... typical fibonacci retracements and trend continuation moves. Oops, I forgot. Those are principles, you only want techniques. So, I'm gonna skip all that and cut right to the chase.

I'm looking to SEE BALL, BEFORE I HIT BALL...

The gaps and subsequent moves off of them has the man on the charts drunk. He's off balance and stumbling because of those gaps. The gaps are caused by geopolitical events that have not yet run their course. Case in point, the U.S. interest rate decision at 2:15 est today. If you didn't know that picture a visual of me having you turned over my knee and spanking the hell out of you....Lol!!!

Now, what if, the operators are driving the herd hard against the dollar all night and half the day. Everybody and their momma is piling in against the dollar. Stampeding right into the slaughter house. Now, nice and fat at 2:15 the butcher walks in in the form of positive dollar interest rate news. All the beef stampedes to the exit at the same time. And...the butchers are waiting. On the way out all the cattle half to pay for their exit with a pound of ass...

Now, don't get me wrong. I'm not saying this is going to happen. I'm only saying this scenario needs to be considered a possibility based on my 20 years if seeing it happen many, many times. So, our trading mentality needs to be adjusted accordingly. I prefer to wait now but, if I see a quick in and out opportunity I may try it with the knowledge that I most probably will get my ass burned but hey, I don't play the lottery and sometimes this is the way I play lottery.

In all seriousness, there will be two types of traders today. The quick and the dead. And 99% of traders ain't nearly quick so, that leaves only one option.

At 8:30 we have some U.S. non farm news data being released. The calender says medium impact but I wonder. The markets are looking for anything to hold on too. when you are wobbly you are clutching and grabbing for anything within reach. CAUTION IS THE WORD FOR TODAY...

Many of my true backers are telling me that they have developed a sweet tooth for my videos so, I will try to come back with a little candy for you a little later.

For now look out for major Cad news in 10 minutes. New home sales. My be something to get the market hopping but with that interest rate decision hanging over the market, hedge all bets.

Cheers, Jerry

SIT ON YOUR HANDS 6:00 PM SUN AUG 7 2011

2011-08-07T17:28:00.000-05:00

Okay, I know I don't have to tell you that S&P lowered the rating on U.S. debt from AAA to AA and that's bad news for the dollar. However, the euro-zone has bad news of it's own and this S&p bullshit is to keep the euro from tanking against the dollar. They keep telling us that we are in a global economy and the deal is that they don't want to let one currency get out of control against another. That's what the G-7 and G-20 meetings are all about. they really want the euro to kill the dollar but the dollar is playing die hard with them so, certian euro zone economies like Italy, Spain, and Greece keep dragging down the euro against the dollar and putting a crimp in the globalist plans for one world currency. For one world currency they have to kill the dollar. That's what's really up with the dollar. All the other stuff you hear is smoke screen.

My opinion is that prime creator is at work against this satanic New world order they want to shove down our throats. You know...One religion, Once currency, one government...ONE SATAN!!!

SO, all this other dollar stuff is smoke screen. You live in the matrix baby and forex is money and money rules the world and if you have no idea what I'm talking about you have no idea that you are A SLAVE NEO!!

Enough geo-political and look at the charts. The first hour of trading has closed and you had to know that the markets would gap after the U.S.news on Friday came after the markets we're closed. If all of these things are news to you I must say, WTF...you should not be trading because you don't have a clue. But wait, you will get pissed off at me for telling you that instead of those whom are taking your kids milk money.

I'm not going to go into gaps again because if you've been following this blog I've mentioned how to approach gaps several times. If you don't know by now that means you have a sound byte mentality and when you tun e in to this blog you only read the most recent thread. If you don't go back a couple of weeks so you can keep up, well I'm not gonna say it because any truth seems to hurt real bad except the truth that you are giving your money away cause you just plain lazy. Looking for that sound byte. That one technique. the unified field theory of everything. only problem is you wouldn't recognize it if kicked you in the head...

Listen, after the first hour you have not missed out on anything. There is nothing but operator participation on my charts. They are snatching the worm up and down to draw you in. If you don't believe me please jump in the market, and let me know so I can get some entertainment watching shark week. It doesn't matter which direction you get in now. There is panick in the streets and that's their world. You know, the predator spooks the herd first to single out the weak...

Man, wait till those gaps are filled or until after the london open. I know you might miss some potentially big move but, potential rolls both ways.

I know I sound harsh right now. I'm hoping you get so pissed off at me that you go play with mama and the kids so you will stay out of trouble. I know I haven't been politically correct here but,You can cuss me out later.

Cheers, Jerry

How to draw support & resistance lines with no knowledge-no study ( with part 2 correction )

2011-08-07T12:01:00.002-05:00

This is a re-post because parts 1 and 2 had the same links. Here is the corrected post with part 2 included.

How to draw support & resistance lines with no knowledg-no study part 1

How to draw support & resistance lines with no knowledg-no study part 2

How to draw support & resistance lines with no knowledg-no study part 3

How to draw support & resistance lines with no knowledg-no study part 4

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

WHEN TO TRADE COUNTER TREND FRI AUG 5 10:00 AM

2011-08-05T10:45:00.002-05:00

'Okay I was finally able to get the videos uploaded. I m running out of alternative locations to contact you from. I don't know how much longer I will be able to do this blog. It's almost time to circle the wagons and just deal with those whom have supported me with their money. Sorry, they are my first obligation since they made me theirs. I will go down in flames for them because I know how hard times are and they are supporting what i'm able to do not just here but for others secretly. The fewer people I have following me the less I get hassled. The more funding I have the more I can fight off attacks. Why should I keep funding the priviledge of making people money. Why should my true support keep funding those who support others.

I can rarely get out trade alerts, I can rarely do live trading sessions and now, it's getting to the point where I am having trouble with my trading accounts, just getting my own trades in and that's how I make my living. Not from selling educational materials. That just allows me to do the fun stuff like teach and help those that newer traders that are being abused through lack of knowledge of the true forex jungle.

I'm starting to get too much attention from people who get my materials from bootleggers and then want to follow my blogs to show them how to trade it effectively. Too many people who want to follow my trade alerts that attract too much attention from the operators, etc...

For the reasons mentioned above there will be a password required to access this blog. I don't know the date yet but within a week or so I will make an announcement. I hate to sound like a butt but there is only so much I can do as one man. So, my free people, I love you all but I must tell you to get as much out of this blog as you can now because it's about to be for Jerry's true people very shortly.

Important Notice: Next week I will be making an announcement about hiring traders to trade for me. The requirement is that you must take or have taken my 1 on 1 trader training course. I'm not going to say how many traders I will hire to trade my accounts but I will say the number is very small, SAY BETWEEN 10 AND 25. We will be splitting profits 50/50 and I don't know anywhere else you can find this offer. You obtain my course and we win together or we lose together. Flat out...I DON'T LOSE OFTEN...

For the traders the trading will be pretty easy. I have almost completed the indicators that will make trading almost 80% mechanical with the indicators and alerts that I have developed with great time and expense. I do not believe in 100% mechanical trading because robots can't measure market sentiment with the news data and geo-political events, etc..

iI'MABOUT READY TO RETIRE BUT iI STILL WANT THE BENEFITS OF TRADING INCOME. With traders trading for me I get the best of both worlds, don't you agree...

My intent was to make them available commercially but I have found that everything I put out get's stolen and traders end up buying my material from some guru who stole it from me

It will be strictly on a first come first serve basis and if you want to be considered, drop me an email and I will send you out the details as they become available. Traders will be considered in the order which I receive notice of their interest.

I love giving people free rides but my back is tired...

By the end of this year the only traders I will be training are the ones who work for me...

So, Mr operators. I have no plans to disrupt your system by training thousands of traders to do what I do. You can give me some peace now...

WHEN TO TRADE COUNTER TREND PART 1

WHEN TO TRADE COUNTER TREND PART 2

WHEN TO TRADE COUNTER TREND PART 3

CHEERS, ONE LOVE,
JERRY
JERRY@FOREXTRADINGMAJIC.COM
JERRYJSTEW@YAHOO.COM

MARKET UPDATE - WED AUG 3 11:43 PM EST

2011-08-03T22:45:00.002-05:00

Gbpusd - equilibrium point = 1.6295. Look for a pullback to that level before considering longs. Take shorts to this level with stop 10 pips above yesterdays high

Eurusd - equilibrium point = 1.4295. Look for a pullback to that level before considering longs. Take shorts to this level with stop above yesterdays's high

audusd - equilibrium level = 1.0647 Look for a pullback to that level before considering longs. Take shorts to this level with stop above yesterdays's high

When the levels are hit look for reversal bars to go in the opposite direction.

Usd chf -0.8005 will not meet daily resistance until that level. look to take longs with stop below yesterday's low.

Nzdusd - Fell through equilibrium point. Next equilibrium point is 0.08358. Take shorts to this level with stop above yesterday's high

Eurcad - closed above equilibrium point of 1.3686 -48. target next equilibrium point at 1.4008. Look to buy in equilibrium range with stop below tuesday's low.

Analysis based on price supported by volume. Volume to mean the amount of participation and who the majority of participation was. Retail or professional.

Note: usdchf and nzdusd projections are counter trend which means the risk is heightened if reversal trades are taken after pullback to the stated equilibrium levels.

CHEERS, JERRY

ABUSED BY THE NEWS- AGAIN

2011-08-03T11:54:00.001-05:00

CLICK LINKS BELOW FOR VIDEO UPDATES

ABUSED BY THE NEWS- AGAIN PART 1 12:00 PM EST

ABUSED BY THE NEWS- AGAIN PART 2 12:00 PM EST

Having trouble with part 3. They're on to me. you will understand why when you watch the first 2 parts. I'm gonna try to rush out these first 2 parts before the sabotage is complete...

Here is part 3 after internet connection issues. Hmmm...Always happens when I talk about certain things. But, if I don't talk about it I'm just like all the rest. I would be lying to you. What does it say in the Bible..."I will send you strong delusion, to make you believe the lie even more because, YEE ARE NOT LOVERS OF THE TRUTH."

Lets see if you have technical issues viewing these vids. I suspect that you will...

ABUSED BY THE NEWS - AGAIN - PART 3 1:47 PM EST

CHEERS, JERRY

GBPUSD VIDEO UPDATE TUE JUL 2 11:40 PM EST

2011-08-02T22:57:00.005-05:00

CLICK LINK BELOW FOR VIDEO UPDATE

GBPUSD UPDATE TUE AUG 2 11:40 PM EST

GBPUSD UPDATE PART 2 WED AUG 3 12:00 AM EST

GBPUSD UPDATE PART 3 WED AUG 3 12:15 AM EST

GBPUSD UPDATE PART 4 WED AUG 3 12:30 AM EST

GBPUSD UPDATE PART 5 WED AUG 3 14:40 AM EST

GBPUSD UPDATE PART 6 WED AUG 3 1:00 AM EST

CHEERS, JERRY

SUPPORT AND RESISTANCE CHARTS

2011-08-02T19:49:00.003-05:00

CLICK LINKS BELOW TO SEE CURRENT SUPPORT AND RESISTANCE

EURUSD SUP RES TUE AUG 2 8:45 PM EST

GBPUSD SUP RES TUE AUG 2 8:55 PM EST

USDCHF SUP RES TUE AUG 2 9:00 PM EST

USDJPY SUP RES TUE AUG 2 9:05 PM EST

AUDUSD SUP RES TUE AUG 2 9:10 PM EST

USDCAD SUP RES TUE AUG 2 9:12 PM EST

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

GBPUSD UPDATE THUR JUL 27 8:00 AM EST

2011-07-28T07:06:00.000-05:00

CLICK LINKS BELOW FOR VIDEO UPDATE

GBPUSD THUR JUL 27 PART 1 7:15 AM EST

GBPUSD THUR JUL 27 PART 2 7:28 AM EST

GBPUSD THUR JUL 27 PART 3 7:37 AM EST

GBPUSD THUR JUL 27 PART 4 7:45 AM EST

GBPUSD THUR JUL 27 PART 5 7: 55 AM EST

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

MARKET UPDATE (4) TUE JUL 26

2011-07-26T08:38:00.000-05:00

CLICK LINK BELOW FOR VIDEO UPDATE

USDCAD - CONTINUED...

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

MARKET UPDATE (3) TUE JUL 26 2011 9:20 AM EST

2011-07-26T08:29:00.000-05:00

CLICK LINK BELOW FOR VIDEO UPDATE

USDJPY & USDCAD

CHEERS, JERRY

MARKET UPDATE (2 ) TUE JUL 26 2011 9:10 AM EST

2011-07-26T08:14:00.000-05:00

CLICK LINK BELOW FOR VIDEO UPDATE

USDCHF & AUDUSD

CHEERS, JERRY

MARKET UPDATE (1) TUE JUL 26 2011 8:40 AM EST

2011-07-26T08:02:00.000-05:00

CLICK LINKS BELOW FOR VIDEO UPDATE

EURUSD & GBPUSD

CHEERS, JERRY

WEEKLY SUPPORT RESISTANCE FOR THE MAJORS

2011-07-25T11:29:00.000-05:00

The link below is the video with the support and resistance levels for this week on the major pairs. If you only make your trade decisions at these levels you will be safe. The levels are based on weekly and daily swing support/ resistance.

Indeed, there are intraday support and resistance levels also. When your intraday sup/res coincides with the weekly and daily swing sup/res, you have a much stronger signal because you have much more volume supporting your positions. And on the flip side, when you go against these levels with your intraday trades you have much more volume fighting against you.

Just pause the video and copy the levels to your charts.

WEEKLY SUPPORT/RESISTANCE

NOTE: ON EURUSD ADD ADDITIONAL LINE AT 1.4357

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

Market update Monday Jul 25 2011 9:30 am est

2011-07-25T08:50:00.000-05:00

Trading right now is extremely risky with the U.S. debt ceiling news hanging over the markets. We all know that they will come to some type of resolution but, it seems like they will milk it out to the last minute. Whatever positions we take, if any we want to take a lighter position than we normally would.

I can just see myself taking a boatload position on the perfect Lcm signal and then, BOOM, they come out with the announcement and all hell breaks loose. Of course the big boys will know before the announcement comes out to the retail traders. Once the big-s know that they have a deal they will suck as many retailers into wrong way positions as possible before the news breaks at the most inopportune time for us.

I am expecting the u.s. pairs to reverse hard once the news comes out. It is soooo dangerous right now because markets are moving only on pure emotion. The moves look oh so good and we feel like we are missing out. It's just that any analysis, no matter how perfect, means absolutely knowing when that news breaks. Thdy have until Aug 2 to play games.

The most dangerous markets right now are the one's that have already made big moves without any pullback tests.

I'll come back a little late with my technical outlook on some of the pairs

Cheers, Jerry

LINKS FIXED

2011-07-22T14:14:00.000-05:00

OKAY, I've redone the links that were affected by tampering. The links addresses were absolutely changed to some gobbly gook. But it's too late for you to do anything with them now isn't it. How convenient...

Cheers, Jerry

THE BLUE PILL OR THE RED PILL 2:20 PM EST JUL 22

2011-07-22T13:44:00.000-05:00

I'd like to thank those of you who were smart enough to let me know that some of my videos today are coming up "NO SERVER". For those who follow this blog and feel that you get something out of it and did not let me know, I can only say that obviously you either know exactly what's going on or you're swallowing the pill with the wrong color.

Now this is the error message I've been getting when I try to post to my blog.

Conflicting edits

There was more than one attempt to edit this resource at the same time. This may have been because you double clicked on a link or a button or because someone else is also editing this blog or post.

I can't imagine who would have a motive and the ability to get into my blog and edit...DO YOU!!!

And that's why there are so few of me and so many of the others...it's like the agents of the op's tell me when they send me nasty emails with no name. " You are a fool Jerry...you stick your neck out to help those who won't even help themselves. " Why can't you just mind your own business." And ..I just tell'em what the prime creator has told me. " Jerry, you are your brothers keeper..."

Cheers...

THE INTRADAY GAME FRI JUL 22 2011

2011-07-22T10:57:00.000-05:00

CLICK LINK BELOW FOR VIDEO UPDATE

EURUSD - THE INTRADAY GAME FRI JUL 22 2011

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

USDCHF (CONT.) & USDJPY 8:15 AM EST FRI JUL 22 2011

2011-07-22T07:36:00.000-05:00

CLICK LINK BELOW FOR VIDEO UPDATE

USDCHF & USDJPY

CHEERS,JERRY

USDCAD (CONT.) & USDCHF

2011-07-22T07:24:00.000-05:00

CLICK LINK BELOW FOR VIDEO UPDATE...

USDCAD & USDCHF

CHEERS, JERRY

AUDUSD & USDCAD

2011-07-22T07:12:00.001-05:00

CLICK LINK BELOW FOR VIDEO UPDATE

AUDUSD & USDCAD ( and part 2 of gbpusd )

CHEERS,JERRY

MARKET UPDATE 7: 30 AM EST FRI JUL 22 2011

2011-07-22T07:01:00.001-05:00

CLICK BELOW LINK FOR MARKET UPDATE

EURUSD & GBPUSD

CHEERS, JERRY

GBPUSD TUE JUL 19 9:30 PM EST

2011-07-19T20:59:00.000-05:00

HOW TO DETERMINE WHICH TIME FRAME TO ENTER FROM

GBPUSD TUE JUL 19 9:30 PM PART 1

GBPUSD TUE JUL 19 9:30 PM PART 2

CHEERS , JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

EURUSD UPDATE MON JUL 18 2011 4:00 PM EST

2011-07-18T15:53:00.000-05:00

Hello

In the videos below I illustrate the anatomy of an intraday eurusd trade I made today where I was stopped out. I don't want you to get the idea that I never make mistakes. Even though I talk a lot about operators vs retail traders I don't want you to get the impression that I'm saying that's why 95% of retail traders lose money.

The operators are like any predators, they are opportunists. If we don't put ourselves in a compromising position they have no opportunity. Most of the time, before the ops make their move, we have an indication that we should step aside. But for reasons more related to psychology than lack of knowledge, we stick in a trade when we know there are danger signs all around.

This was one of those trades for me. For me, these trades usually come when I get cocky after a string of successful trades and begin to think I'm kind of invincible. lol...Some of you know exactly what I mean. But anyway, we should always know the reason a trade goes bad The exact reason it went bad. That usually has to do with what we loath. Being honest with ourselves by not blaming someone else...Operators or otherwise.

In my back yard there are lots of rabbits. The rabbits are hunted by ferrets. Sometimes I sit at my window and watch the predator vs prey action play out. Most of the time all the rabbits escape. The rabbit that does not escape is the rabbit that did not run when it was supposed too. When all the other rabbits get out of dodge because they smell ferret. There is usually one or two that don't want to stop feeding, and so, for whatever reason, maybe they are hungrier than the other rabbits cause they ran yesterday and missed a meal. Maybe they think they are quicker than the ferret. My point is that we traders can be exactly like that...Stay in trades too long for the same reason the rabbits do.

The rabbit may hate the ferret but it does not blame the ferret for catching it, if that makes any sense to you...

Thus, operators, like ferrets, are a natural part of the ecosystem. Like ferrets keep the rabbit population from becoming too large so that they eat up all the food, operators perform the same function for the markets. If everyone made money the markets would collapse upon themselves and no one could feed...

MON JUL 18 2011 4:00 PM EST PART 1

MON JUL 18 2011 4:00 PM EST PART 2

MON JUL 18 2011 4:00 PM EST PART 3

CHEERS, JERRY

LAST 25 TRADES ON ZULUTRADE

2011-07-17T21:29:00.000-05:00

Click the link below to see performance of last 25 live trades on zulutrade

last 25 trades 1 of 2

last 25 trades 2 of 2

Cheers, Jerry

EURUSD BACKTEST MAY/JUNE 2011

2011-07-17T15:49:00.000-05:00

May and June 2011 Pivot results ( Taken from website, forextradingmajic.com )

The videos below will answer some of the questions I often get concerning my 2 books, " The Laws of Charts and Men," and, Volume - The Archimedes Principle. What's the difference between the free portion of the book and part 2 ( the paid portion ) of the book.

The free portion of The Laws of Charts and Men explains and illustrates to you why the method work by explaining some of the natural laws of nature that the principles are based upon. The free section of Archimedes is currently under construction and will be available soon.

Part 2 of The Laws of Charts and Men is what the videos below are all about. It gets right to the point of signal recognition, with the meat of the Trading Manual section, focused on WHAT TO DO AND HOW TO DO IT...The free section talks more about WHY WE DO IT... The book focuses on two signals. The pivot bar and the reversal bar signals. Not to be mistaken for the mathematical floor pivots you see in many charting programs and indicators. No...I'm talking about the actual PIVOTAL POINT as based on the actual imbalance of supply and demand. There are only 2 things that cause a market to move and those two are, 1. Imbalance of supply vs demand and 2. False move designed to shake retail traders out of their positions.

The laws of Charts and Men shows you how to I identify the precise location of the PIVOT POINT. The exact location of the imbalance. You will also learn that their are different ways a trade can be entered and exited from the standpoint of minimizing your risk by keeping your stops as small as possible and more importantly, in the proper location whereby, when you stop is hit, price will not turn around and go in the original direction of your trade without you!    There is no way anyone can put all you need to know about trading in 1 book without that book being thousands of pages long.

The price range of that one book would be out of the price range of the retail traders that I am trying to help. That is why I break the course into first, affordable sections whereby, my small traders can learn in a way that I feel is important to the individual catagory/s the trader must learn to have a chance of remaining in the game long enough ( stop losing money ) to learn what they need to know in full, in order to be able to trade for a living. The biggest thing is to first, STOP LOSING MONEY!! If you follow the guidelines provided in Lcm you should make money but I just don't see how you can lose money. While I cannot guarantee that you will be profitable, ( I don't know how good you are or how willing you are to follow instructions on a disciplined basis and legal statutes preventing anyone from guaranteeing that ), I can hardly imagine that you will lose money trading LCM pivots in the direction of the trend.

Volume- the Archimedes Principle - While The Laws of Charts and Men focuses on recognizing a buy/sell signal based on price action alone, and talks about false moves and tells you the cause of them. Archimedes shows you how to actually spot the false moves by being able to identify how any move must be supported by the volume profile or the move has to be false. In Archimedes, you also how to combine a certain free indicator with forex volume to give you a truer indication of volume strength. Since forex in not a centralized exchange, the only available volume is Tic data. You will see why Tic data alone is not enough to tell you the true volume profile and why this indicator fills in the gaps. Tic data tells us the number of buy trade and sell traders, but, not the actual number of contracts traded. This is why, so called VSA ( volume spread analysis works but not nearly as consistently as it should. This type if volume analysis is as old as the markets and there is nothing new about it. They just gave it new name and what do you know...

The number of contracts is the true reflection ow weight. One trade can be 100,000 contracts and still show as 1 on your Tic volume chart.   while there can be 20,000 buy trades of one contract each and 1 sell trade of 100,000 contracts. Your Tic volume will show 20,000 buys and 1 sell!!! Do you see how this can be misleading, causing you to enter a trade thinking you have a sunami wave of volume supporting your trade when actually, you have no volume support at all and have no business in that trade because the sunami volume wave is coming from the opposite direction and you are walking right into it. But how could you have known? Archimedes can show you. The indicator I show you, combined with VSA analysis gives you the picture of the true force of the market. In addition, THE WHO, is very important, as in, who was responsible for the move. RETAIL TRADERS OR MARKET MAKERS/ professional operators like banks. This is called the smart money. If you don't know what the smart money how can you trade with the....Now what is the opposite of smart money...? So you must ask yourself, what kind of money are you following...?

As an additional bonus, each book comes with a set of free indicators. The indicators are not designed to your thinking for you however, they will server the purpose of alerting you to a possible signal and/or volume confirmation depending upon which of the books you own.

Both books also comes with it's own set of instructional videos so that you can see what the signals and confirmations look like, as well as additional commentary from the author that cannot be found in the books. Combine this with full email support and real time tips, instructions and commentary contained on the Tradingmajic Blog, and you have a formidable inventory of information that you can call upon when needed.

1 ON 1 TRADER TRAINING - In the trader training course you get both books, THE LAWS OF CHARTS AND MEN, AND VOLUME-THE ARCHIMEDES PRINCIPLE, and all of the additional indicators, and videos that come with the books.

In addition to full email support for any questions you may have about the information contained in the books, you get answers to any questions you may have and not just about the information contained in the books but, any trading subject.

Your 1 on 1 lessons are conducted live via internet screen sharing and voice. Lessons are as needed, up to 3 times per week and sometimes live trading room sessions where I make trade calls live.

I hope this answers most of the questions I've been getting...

EURUSD 1 ( MAY/JUNE 2011 )

EURUSD 2 ( MAY/JUNE 2011 )

EURUSD 3 ( MAY/JUNE 2011 )

EURUSD 4 ( MAY/JUNE 2011 )

EURUSD 5 ( MAY/JUNE 2011 )

EURUSD 6 ( MAY/JUNE 2011 )

EURUSD 7 ( MAY/JUNE 2011 )

EURUSD 8 ( MAY/JUNE 2011 )

EURUSD 9 ( MAY/JUNE 2011 )

EURUSD 10 ( MAY/JUNE 2011 )

CHEERS, JERRY
JERRYJSTEW@YAHOO.COM
JERRY@FOREXTRADINGMAJIC.COM

Market update 12:00 pm est Fri Jul 15 2011

2011-07-15T11:39:00.000-05:00

I guess the partymust be over ince I'm able to get this out. The op's have been riding me like a bronco and I 've been bucking like one. Haven't been able to maintain a stable internet connection til now.

see, this is how it usually works. I was closing out some positions early when neither my stop nor my targets were hit ( I do this often and they want to break your balls for it cause it makes you a moving target ). If you do this regularly from profitable positions before they can cut your target, they send out the squiddy's from the movie the matrix, on a seek and destroy mission to your I.P. addresses.

So, why was I trying to get out early? Again, the term, " playing the news," means something totally different to me that it does most traders. Most think playing the news means an opportunity to catch a big move off the news but me, I see it as an opportunity to step into a pile of shite!!!

So, when I looked at the news for today and saw the u.s. data scheduled for 9:55 am est I had to lol...

Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations. Man, Listen, even my dumb butt knows how to duck when you scream DUCK!!! Key in on the word PRELIMINARY..

When I see the word "PRELIM" next to a scheduled data release I replace the word prelim with BULLSHITE... I don't need preliminary data I need real data. Websters definition of preliminary is as follows..."

: something that precedes or is introductory or preparatory: or FRONT MATTER!! Don't believe me check the link below.
http://www.merriam-webster.com/dictionary/preliminary

So, the data release was a front for the REAL DATA!!! See, that gives the operators the best of both worlds doesn't it...? When they pump the market off the fake ass news they have an excuse when that move is reversed On the so called REVISED DATA, which was the real data all along. Call me a drunkard if you like but The finger prints at the scene of the crime is always shown by my indicator. they are always there but hey, you can take the red pill or the blue pill... But, on your way to Kansas you will pass me headed in the opposite direction cause, while you're headed to Kansas I'm headed to the bank...

So, look for a signal that will allow you to safely fade this false move...

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

MARKET UPDATE 8:45 PM WED JUL 13

2011-07-13T20:43:00.000-05:00

Pop Quiz. Why did the pairs spike against the u.s. dollar after 5:00 pm est today, catching most traders with their underwear down around their ankles?

In case you haven't been paying attention to what I've been saying about how the news is used, let's break it down.

The dollar has been rising something fierce against the euro for the past week with no end in site based on the the trend and what's going on with Greece and others in the Euro zone. The dollar has been rising with no backing and filling ( pullbacks ). When market makers can't back and fill they leave a lot of money on the table because that means a lot of weak hands ( retail traders ) who would have been punk ed out of their positions on the pullbacks get to massage their greed and stay in their positions for the big score.

Case and point the eurusd. Since the start of the down move, the market has not pulled back. Today's u.s data was not negative enough against the dollar to pull it back up. If you have Lcm you know that 3 bar is where a market wants to go to restore the balance. But, what if a pullback starts and there is formidable resistance between where price is and where 3 bar is located.

The eurusd started a healthy pullback today and that pullback really had no legs because the eurozone data and the u.s. data today basically balanced each other out. the Fed said nothing that would weaken the dollar so, basically there was nothing to keep the euro moving up against the dollar. The euro closed the day right up against upside resistance and nothing in sight to cause it to break through. Nothing to do but bounce back down off upside resistance and test the bullish pivot that formed at the close of the day. But worse yet for the euro is that not only did it stop at upside swing resistance but upside trend line resistance also, which is even stronger than swing
resistance. Euro can't go any higher without some juice. Yes, it wants 3 bar up at 4258 very badly but as I mentioned, cut by two levels of strong upside resistance.

Not to worry says the market operators. That's what we've got the news for...All we have to do is wait until 5:00 est when everyone is closing up shop for the day ( that's why they call it end of day right? ), and pull some surprise news right out of our ass, and shit all over them. If you don't know who them is, look in the mirror, lol.

Moody's Puts US AAA Rating On Downgrade Review

Let's get real here. You and i both know that the u.s. is not going to default on it's treasury obligations and let the u.s. economy collapse just because they heads refused to raise the debt ceiling!!! If you know it and I know it, you know Moody's knows it. Shoot, the whole world knows it. let's get real here.

Now, don't get me wrong I'm not just venting here because I did not take a bathe here. It just gives me a chance to illustrate to you the things I tell you about the news and that the world is a matrix and forex is part of the world matrix. You must understand how the news works because that's how you loose all your profits after being on a winning streak. One trade can erase all of your gains if you're not careful about monitoring what actually moves a market, which is news.

Now, if you think that news just happened to come out during the dead zone between the close of the u.s. market and the open of the Asian market by chance, save yourself a lot of pain and the kids college fund and quit trading now...

Now that brings me to Lcm. I cannot tell you how many times that a pivot will form and yet, it looks like there is no way the a market can hit 3 bar target. And out of nowhere something like today happens to put the market on steroids, if only just enough to hit 3 bar, hence, the term Trading Majic...Because, like Majic, something unexpected will happen to give a market the juice it need against all odds. Human consciousness follows the universal laws of nature. The market operators are just a tool of the laws of nature without even trying to be. Once that imbalance is created in the form of a pivot, they must do what is necessary to bring the market back to balance either wittingly or unwittingly and 3 bar is the minimum point to reestablish balance. Just as when you misstep and lose your balance it takes you at least 3 steps to regain your balance.

News causes emotion. Notice how that word is spelled. E-MOTION ( Energy in motion ). Thus, news causes motion...Market motion. Lcm puts you in position to automatically take advantage of this truth.

I know I could be wrong about this. All I need for you to do is tell me how...

CHEERS,JERRY

EURUSD UPDATE PART 2 9:12 AM EST JUL 13 2011

2011-07-13T08:34:00.000-05:00

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EURUSD PART 2

CHEERS, JERRY

EURUSD UPDATE 9:12 AM JUL 13 2011

2011-07-13T08:22:00.000-05:00

CLICK PAIR FOR VIDEO UPDATE

EURUSD

CHEER,JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

MARKET UPDATE WED JUNE 13

2011-07-13T07:49:00.000-05:00

The markets are range bound and even the pairs that look like they have moved have not really moved is such a way as to give you a reasonable entry signal. The moves we have seen so far have been setup signals ( moves to set a market up to where is CAN produce a signal. The moves that I see that did occur tells me that if you as a retail trader got in on the right side of the move, it was more luck than a supply demand imbalance signal. That's not to put it down because we all play hunches sometimes. I'm just saying we can't make a living off of hunches.

The reason the markets are range bound is because of the U.S. Federal reserve talking head at 10:30 am est. professionals always wait to see what the heads will say because, the only reason for publishing this type of data . Unless, like the movie, " Trading Places," with Eddie Murphy, someone has slipped out the news in advance.

( Fed Chairman Bernanke Due to testify on the semi-annual monetary policy report before the House Financial Services Committee, in Washington DC;). Oh really now. And you just happen to want me, little ole retail trader whom you don't want to know shit about anything, but you want me to know monetary policy, and kind enough to publish it so all of us cattle can see...

Listen, any overnight moves up until that report is to suck in enough retail traders to make the decision on which way to take the market after the report. More retailers long the market goes down. More retailers short the market goes up. How is in justified after the fact. Well, "the comments were more hawkish than expected," or "the comments were more dovish than expected." Here's the question...WHO DECIDES IF THE COMMENTS ARE EITHER OF THE TWO...?

Well it ain't us Mr./Mrs retail trader. The whole purpose of publishing those meetings is...More retail traders long, Fed talks market down. More retail traders short, Fed talks market up. Sometimes the games get's really special and they do both, talk it up then, talk it down, then repeat that process, just to be sure they got your rent money, lol... Whatever method we trade WE MUST CONSIDER THE NEWS. Traders hate to incorporate that into their analysis because, shoot, that just more work. Man, I got into forex for some easy money and here you are telling me I have to think some more. Besides, I only have a certain time I can trade and I have to get in there...Listen, I feel you. I've been there and want it like that myself but, year after year I've found that the markets don't give a damn about any of that. Go figure...

Remember those old horror films where the guy who's the werewolf will have the girl he loves, lock him in a room so he can't get out and hurt anyone until the full moon us over with? Well, you love yourself don't you?

There is a full moon at 10:30 am est. Do you get my drift Mr. and Mrs. werewolf...

Now, I don't have to be right about it. I only have to be AWARE of it.

Cheers, Jerry

UPDATE JUL 12 2011 4:50 PM EST

2011-07-12T15:53:00.000-05:00

Okay. I shouldn't have to say this but I know from experience that I do. It's time for you to go over my blog posts of the last week with a fine tooth comb. You think I don't know you but, as a former police investigator, not a traffic cop but, investigator, I can tell you that profiling is an art/science that works for catching criminals as well as criminal negligence by traders...lol.

Look and see what I said and then go back and look and see how what I said turned out. Was I right or wrong. More importantly, was I consistently right or wrong. If you don't know without having to look back what is your purpose of following this blog. You know I always keep it realistic.

You've been all over the internet trying to find something that's put right in your face every day. Are you looking for THE TRUTH OR YOUR TRUTH. I'm out here fighting for you every day, putting myself on the line. Your buddies on the forums don't have the answers and the ones who do will be shouted down by the agents and you will stand idly by and let them. So, get busy. Study this blog and stop watching it like you are watching tv.

Oh yeah, those of you whom have been buying my stuff from bootleggers, and my former students whom are bootlegging my work, selling it as your own. Do you really think I don't know how to track I.p. addresses. Those of you buying from them do you get the upgrades? Do you get the additional free videos and free upgrades that I send out? Are they doing for you want I'm working on to show my appreciation to those whom are with me for real? Do you really think that I advertise all that I do for free for those with loving honest hearts? If you answered yes to any of those questions I already know you are losing money even if I'm handing you trades every day. I am a blessed man and you don't fade a blessed man because you only curse yourself...

Hell yeah I can be offensive to get your attention...But not as offensive as all that red ink bleeding all over your account statement..

Love, Jerry

jerryjstew@yahoo.com

jerry@forextradingmajic.com

AUDUSD 11:27 AM EST TUE JUL 12

2011-07-12T10:35:00.000-05:00

CLICK FOR VIDEO UPDATE

AUDUSD

CHEERS, JERRY

EURUSD 11:00 AM EST TUE JUL 12 2011

2011-07-12T10:11:00.000-05:00

CLICK FOR VIDEO UPDATE

EURUSD ( BE CAREFUL...COUNTERTREND )

CHEERS, JERRY

AUDUSD 10:51 AM TUE JUL 12

2011-07-12T09:59:00.000-05:00

CLICK FOR VIDEO UPDATE

AUDUSD

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

NZDUSD 10:35 AM JUL 12 2011

2011-07-12T09:45:00.000-05:00

CLICK FOR VIDEO UPDATE

NZDUSD

CHEERS, JERRY

GBPUSD 10 AM EST JUL 12 2011

2011-07-12T09:18:00.000-05:00

CLICK FOR VIDEO ANALYSIS

GBPUSD

CHEERS, jERRY

Market update jul 12 2011

2011-07-12T08:40:00.000-05:00

Trade log 7/12/2011 Zulu trade account - click here to see trade log.

I spent yesterday into the P.M. hours working on my website and did not have a chance to slip in any trades until then. One of the announcements I wanted to make was that I would begin posting trades on zulu trade again. I just started back last night and the trade log is posted above.

The trades were not based on Lcm pivots, they were based on some other Lcm signals like breakins and breakouts. What, you didn't think I had just one round in my clip did you...?

I've been focusing on just pivots just to demonstrate the power of Lcm even in it's most basic form. I was up till 5:00 am working on technical issues and just really getting up after a short nap. Since the blog seems to be operational today I will scan the market and come back to you with some commentary.

Cheers, Jerry

jerryjstew@yahoo.com

jerry@forextradingmajic.com

TECHNICAL ISSUES

2011-07-11T09:46:00.000-05:00

I don't know if I will be able to get out any more updates today. The matrix has me once again. I've got hacks to my website and email again so, another wasted day fighting the agents so that i can't get my message of truth out. The professional operators punish me without mercy for exposing how the markets really work. They don't mind me taking advantage of what I know but they, of course don't want anyone spreading it around.

The price I pay is constant attacks to my website, blog, email, and even my smart phone. Youtube account not accessible with not response and no reason. Aaah, the list goes on and on. It's a pretty effective strategy on their part. But it hurts you more than it hurts me. You should be more angry than I...Cause I already know the information...

I guess I'm too dumb to ever learn. All I have to do is not tell...

MARKET UPDATE SUNDAY JUL 10 @ 9:00 PM EST

2011-07-10T21:15:00.000-05:00

Well, the market was about as wild as I expected on Friday as I told you in Thursday's update. I also mentioned that we should have a gap open today Sunday and the professional did not disappoint me again.

Now, here is my impression about gaps. About 70% of the time a gap will be filled before a market will continue in the direction of the gap. On a down gap a market will immediately rise back up to test the next resistance level over head and an up gap will fall to test the closest support level below.

There are two types of gaps. Exhaustion gaps ( SEE CADJPY ) and breakaway gaps ( SEE EURUSD ).

An exhaustion gap is a gap that occurs within the high/low range of the prior swing.

A breakaway gap will occur outside of the prior swing high/low.

Your 1 or 4 hr charts can be used to judge the gaps and the tests...

Exhaustion gaps are false moves and if traded, should be faded. Breakaway gaps should be traded in the direction of the gap but only after the support/resistance level that the gap has broken out of has been tested on the pullback. SEE EURUSD has not yet been tested. AUDUSD HAS BEEN TESTED...

When retail traders see a gap open they immediately get a woodie for a move in the direction of the gap and want to jump in. When they jump in the professionals whom caused the gap in the first place, will back price back to the next support/resistance level or if the gap comes first, before a support or resistance level, price will back up to fill the gap.

If, when the test occurs, price should close back withing the range ( last bar before the gap ) that preceded the gap it's a good bet that the gap was a false move and those retail traders who jumped in on the gap are now trapped. See USDJPY

In the forex market, 90% of the time a gap will occur on a Sunday open. Just another reason why I don't like to hold a position over the weekend and why I don't like to trade on Sundays. Sundays are usually a trap unless there is a rare, major news announcement coming out during the Asian session.

Most of the time you would be better served to hold off trading until 1 hour after the start of the London session.

I would like to say more but the matrix is trying to shut down this blog again. If you've taken my 1 on 1 trader training course it wouldn't hurt to review the videos on gaps...Especially if you've been hard headed ( lol ) and trading on Sundays again....

Cheers, Jerry
jerryjstew@yahoo.com
jerry@forextradingmajic.com

EURUSD THUR JUL 7 5:30 PM EST

2011-07-07T16:33:00.000-05:00

QUESTION:

Hey Jerry,

I'm short form 1.4479. so fare 128pip
profit. it was already 260pips but I over slept..should I take profit now.
and then go short at 4409 again.

Thanks for the update.

ANSWER

Hi

Great question and I will give a detailed answer and place it on the blog because I don't know how available I will be tomorrow due to some outside obligations...

Yes, I would take profit now and look to reenter because of the 4 hr bullish reversal bar that we closed at 1:00 pm eastern standard time on my charts. However, don't just reenter at 4409. wait for a bearish reversal signal back down off of 4409 on your intraday charts. This is because we are closing the trading day( 5:00 pm est ) with a bullish turning bar. Today's action is finishing with higher volume and no real commitment from the retail traders. That's a red flag to the current direction ( down ) on a heavy news day.
Yesterday the professionals were buying into weakness as they normally do and today was a follow through on that.

Currently there is no downward pressure on the market and that shows strength to the upside. When a market is moving down we want to see higher volume. When we don't that means selling pressure is easing. when the current direction weakens it automatically means strength to the opposite direction.
It's like pushing a basketball down underwater. the deeper you go the harder you have to push down to keep the ball down ( increasing gravity pressure ). If you release the downward force on the ball, the force of buoyancy will automatically push the ball back up to the surface. Right now there is an absent of Hi Sven

Yes, I would take profit now and look to reenter because of the 4 hr bullish reversal bar that we closed at 1:00 pm eastern standard time on my charts. However, don't just reenter at 4409. wait for a bearish reversal signal back down off of 4409 on your intraday charts. This is because we are closing the trading day( 5:00 pm est ) with a bullish turning bar. Today's action is finishing with lighter volume and no real commitment from the retail traders. That's a red flag to the current direction on a heavy news day.
Yesterday the professionals were buying into weakness.

Currently there is no downward pressure on the market and that shows strength to the upside. When a market is moving down we want to see higher volume. When we don't that means selling pressure is easing. when the current direction weakens it automatically means strength to the opposite direction.
It's like pushing a basketball down underwater. the deeper you go the harder you have to push down to keep the ball down ( increasing gravity pressure ). If you release the downward force on the ball, the force of buoyancy will automatically push the ball back up to the surface. Right now gravity pressure is absent so the market will have a tendency to rise until reacted upon by a new force of gravity. That may sound long winded but Lcm is based upon the principle of natural laws and understanding the natural laws behind price action causes the market terminology to make sense.

Then there is the psychological component caused intentionally by the market professionals. If there are too many retail orders sitting at major support/resistance waiting to take profits they will cut that level to cause confusion and panic to ( in this case the short holders ), by rushing price back up when price gets close to the take profit level. We must understand that they are not all powerful but take advantage of opportunities.

In this case, the opportunity is this. A market moves from swing bar to swing bar. when price is anywhere inside the range of a prior swing bar a market has the potential to turn around. The swing bar is the balance point of any move. The last bullish swing bar was on 6-27-2011 and that bar had a range off 4102 to 4293. That is the prior swing range or range of the balance point. Support/resistance in not a specific number it is a range ( the depth of the water ). We went as deep as 4221.

At that point my bull/bear indicator flipped from 62% retail longs to 57% retail shorts. As soon as there were more retail traders short than there was long, the market turned around as it usually does to fade the retail trader.

To complete the analysis, the original bear pivot point was never tested from back up at 4494. the risk has now shifted to this level especially since today was the 3rd bar in the down move. In my course I talk about the rule of 3s and fibonacci bar count retracement which, is related to but not the same as fibonacci price levels. I expect a pullback to the 4315 area tonight and for the market to challenge the 4409 area. If that resistance level should hold then we should continue back down.

However we need a catalyst and the first energy will be injected at 7:50 pm eastern standard time with the Jpy data coming out. Tomorrows new calender is full of major news releases from the major pairs and that means professionals can whipsaw the markets as they like in order to shake out stops above as well as below. I expect a wild ride tomorrow and no support/resistance level is too far away on days like tomorrow. Especially on a Friday. Nothing like kicking some retail but on Friday to lock in the holders over the weekend, then gap open on Sunday to really get the herd into a stampede of confusion.

Summary: Right now the market is set up to more easily rise than fall so, shorts are more risky than longs at this stage. For this reason I will exit my small 1/3 position if we pull back to 4315 today's open and take the small 30 pip loss and/or exit on a break of todays's high as that will create a new bull pivot point in process and increase any short risk exponentially. It is not about absolutes it is about probability and at the moment of this writing the probabilities favor longs, especially since a higher close tomorrow will also create a new higher bottom which means up-trend.

This type of setup is typical for the first week of the trading month to get retail traders to start the month off with confusion to get the herd moving. I have canceled my pending shorts at 4409 and need to wait for tomorrows daily close or a break below today's low to tell me more.

If you trade intraday only take signals that reverse or breakout of the levels I've drawn for you on the charts and use your intraday support/resistance for your stops.

Cheers, Jerry
JERRYJSTEW@YAHOO.COM
JERRY@FOREXTRADINGMAJIC.COM

USDCAD THUR JUL 7 2011 9:30 AM EST

2011-07-07T08:45:00.000-05:00

CLICK PAIR FOR VIDEO UPDATE
USDCAD

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

EURUSD THUR JUL 7 2011 9:15 AM EST

2011-07-07T08:27:00.000-05:00

CLICK PAIR FOR VIDEO UPDATE

EURUSD

JERRYJSTEW@FOREXTRADINGMAJIC.COM

JERRY@FOREXTRADINGMAJIC.COM

EURUSD THUR. JUL 7 2011

2011-07-07T07:10:00.001-05:00

For intraday traders especially. We need to pay attention to the U.S. employment data at 8:30 am eastern standard time. No matter what our analysis is the markets are fueled by news. News is used by the professionals to surprise the retail traders and cause market motion due to panic and confusion.

Your initial analysis can be dead on accurate but when the news comes out, market sentiment can change immediately. When The news is pro U.S. the eurusd should fall and negative U.S. eurusd should rise. But this does not always happen does it? This is the first major data release of the month and the first major data release is known to surprise retail traders.

At the moment, retail traders are about 57% long holders so the market should continue down initially off the news to shake out these holdouts hoping for a pullback to get them out at break even. Therefore the analysis I posted last night should follow the script I suggested.

But here is the real point. What does your analysis produce when you are wrong? How does your analysis manage risk when you are wrong? What percentage of your account will you lose if you are wrong? That's what it's really about. Not how much can I make? Of course you're going to make money when you are right! But, how much do the wrongs eat off the table of your rights?

Thus, I say to you again, analysis of direction is only one component of trading and I feel the easiest to learn. Aaahhh...but the devil is in the details of how to correctly enter and exit. Yes, I know. Everyone knows how to enter and exit...But do they know how to enter in such a way as to minimize risk and maximize profits.? right now I am short 1/3 of my normal full position per my post last night and looking to get out at 4182. That's 3 mini contracts out of a normal 1 standard lot. If you trade mini lots that's 3 micro lots. For you newer traders, that's called scaling in to your position in order to minimize risk.

Your method of minimizing risk and maximizing profits is not just general either. It must fit into the context of your trading system...

It will be fun to see how the news affects our analysis. I'm hoping for a pullback up to 4409 so I can enter anothe 2/3 position. Nother 6-7 mini contracts to complete 1 standard lot. 10 mini lots = 1 standard lot

Cheers, Jerry

jerryjstew@yahoo.com
jerry@forextradingmajic.com

EURUSD JULY 7 2011

2011-07-06T23:32:00.002-05:00

Click on pair for chart.
EURUSD

I am looking for a fall to 4175 but first a pullback up to minor support at 4409. We broke down through minor support yesterday and that is an Lcm breakin signal that I teach in my 1 on 1 course.

After a signal there is usually a pullback. I am looking to enter as follows. 1/3 of my normal full position on a break below yesterday's low. 2/3 of my normal position on a pullback to 4409.

Yesterdays move was controlled by the market makers and before they let price fall further the probability is high that they will rise ii on a pullback to get better positions for the further fall down to major support at 4182.

If you are considering a short trade today your stop needs to be above 4470

It works like this: 1. Market breaks down through minor support 2. Market pulls back to test minor support 3. Market continues down to major support.

If the move does not follow this sequence, ( does not pullback ) Major support at 4182 can be expected to bounce price back up. If this scenario should play our, look to enter long off of the supply line at 4137.

You already have the lines from yesterday's video, just add a line at 4182.

Always remember, a close beyond a support or resistance level is a signal when confirmed by volume. That is a directional signal. A signal telling you the probable direction of the next move. How to enter to minimize risk and maximize profit is a totally separate skill/knowledge set.

After a signal you can just enter at the close of the signal bar but that is a choice for the individual trader. Know one knows how much risk you can afford but you. If a market does not pullback after a signal and you do not get in on the trade that is not signal failure. That is trader failure. If you do not have enough funds in your account to cover the reasonable stop after a signal, then you must wait for a pullback. If the market does not pull back that is not a signal failure. That is under-capatilization.

Lcm pivots will be 80 % accurate on the daily chart. So, if you are trading intraday 4hr signals or less, you should take your signals off the daily support/resistance levels or the accuracy will drop to 65-70% unless you are proficient in judging trend and volume.

Again, here I am not trying to teach you the course but, to point you in the right direction...

jerryjstew@fyahoo.com
jerry@forextradingmajic.com

DAILY PIVOTS

2011-07-05T21:47:00.006-05:00

EURUSD

GBPUSD

EURJPY

GBPCHF

CHFJPY

NZDUSD

EURGBP

JERRYJSTEW@YAHOO.COM
JERRY@FOREXTRADINGMAJIC.COM

MARKET UPDATE 1 mONDAY jUNE 6 @ 5:30 AM EST

2011-06-06T04:45:00.000-05:00

TRADE JOURNAL

Sun JUNE 5 2011

9:00 p.m. EST-- The yen is weak across the board right now. Normally I don't trade on Sunday but, I'm looking to see how aggressive the market makers are.Also, this is the first day I'm actually trading the account seriously. Till now I've just been trying to get in the required 31 trades as fast as possible without Tearing the stats down on the account. As mentioned earlier in the journal. I'm starting off with a few LCM home run trades.The signals were 4 short trades in the gbpjpy, eurjpy, chfjpy, and audjpy. The market reacted to the orders as usual with an immediate pullback against the positions. Even though I sometimes place my hard stops at a negative profit to loss ratio that is only for show like poker. I will be watching for my mental stops which are true profit to loss ratio. I often exit early before the posted stop or target is hit. This is to keep the broker program trading robots from zeroing in on a trading pattern. Let's see what happens.

Note: The trades were entered 10-15 pips late. Since its Sunday night I'm at my home office and after 20 years my family and friends still do not consider what I do as work even though they complain that I live at the computer. They still think I'm playing or something and will interrupt me for the damnedest things where they would not dare think of interrupting me when I'm doing physical labor. So, I know what most traders go through just to trade in peace. It no longer angers me because it has taught me the truth about the mental dumbing down of the human population. It can't possibly be work unless you're doing it somewhere else for someone else.

4:00 am Close gbpjpy and eurjpy a couple of pips from target. they closed a couple of pips from daily open support which is support until a close below it. Exited audjpy by accident and reentered. It's 4:00 am and I'm tired but trading is work. Also exited chfjpy. Too early it looks but the hour closed with a high volume inside bar so I stuck to the early exit rules on this one. The bar had higher volume and thus, needed to close lower than prior bar. It also did not close below the 20 avg so I needed to see a break below the 20. It did so immediately at the open of the hour and rushed down to the daily open target. No chance to reenter like audjpy which I would have loved to do.

4:24 am Closed audjpy @ daily open for another. 4 out of 5 so far today. Not going for bi pips yet though. The week is just starting and I'm looking to take what the market is showing it's willing to give at the moment. The jpy is weak across the board and I will look to jpy some more if hour closes below daily open. 15-20 pips profit may not seem like much but, when you average about 10 trades per day that's a potential 150-200 pips per day. But the main point is to try and keep your average risk to around that amount also and you have staying power Right now I'm trading off the 1hr and that is the average range of a 1 hr bar. I trade all time frames whenever I see an opportunity. The longer the time frame the larger the target and stop/risk.

4:40 am - Right now I'm glad I stuck to the LCM principles and got out at first support because all of the pars I was in are bouncing back up hard off the daily open/s.This is what I mean when I say, "Take what the market is willing to give. The currency market in general is bouncing back up off the daily open/s."

5:00 The chfjpy - I made a mistake by not jumping back in but hindsight is 20-20. My mistake was in misjudging the opening range by not considering that the closing range bar from Friday is the opening range bar because the opening range bar for today was an inside bar that closed within it. Forgetting to look at inside bars is one of my most common mistakes. But this pair has exploded through both and I missed the ride. I am always amazed how often I can have say, 5-8 trades open and it's the one I'm not in that blows up and I miss the pair with the biggest move. I don't know if that is a result of my conservatism or that's just how tight the operator beast computers have the program trading algorithms down. For most of the pairs the opening range held and that means it's time for a reversal to test last hour's move.

5:05 am It's time for me to take a break till the u.s. session. Tired minds make mistakes. Currently up 28.7 pips on 5 1hr chart trades.for the day. bUT THE MAIN THING IS THAT
i'M SATISFIED WITH MY RISK MANAGEMENT THUS FAR. aLL OF MY TRADES WERE SHORTS AND MY OBJDECTIVE WHEN GOING SHORT IS TO GO SHORT AS CLOSE TO THE HIGH OF THE DAY AS POSSIBLE.

NOTE: WHILE i CANNOT PREDICT THE HIGH OR LOW OF THE DAY IN ADVANCE, I CAN USUALLY SPOT IT WHEN IT HAS OCCURED A HIGH PERCENTAGE OF THE TIME.. THE HIGH OR LOW FOR THE DAY MAY CHANGE FROM HERE BUT i MEAN DURING THE TIME i'M ACTUALLY TRADING.

For those who ask me what is the differenc between my books and my 1 on 1 course, if you read my logs it should be obvious. There are levels of details that cannot
be in a book or a book will be thousands of pages. My books teach you a couple of techniques and concepts. The basics. It's like playing sports. You can go to the coach and
get the playbook and never talk to the coach again. That means you learn the plays. But learning the plays is the basics that prepare you to learn...

HOW...TO...PLAY...THE...GAME... Or as Morpheous told Neo in the Matrix movie...It's a big difference between knowing the path, and walking the path. After studying
my books you will know the path. After taking my course you will know how to walk the path...

MARKET UPDATE 2 11:00 A.M.

2011-06-02T10:13:00.001-05:00

Well, since I woke up at 4 am est this morning I have not been impressed by price action at all. As far as the 1 hr chart, we got a 30 minute quick pop off the gbp news and it's been slow motion since.

Banks are the market makers than move currencies. Most of them are off today ( eurozone ). That's the trade off with market makers. They are needed because without them there is no liquidity in the market and we get markets caught in a tight range that's un-tradeable because of no sustained direction. The flip side is that they set up retail traders who don't understand the game.

The hardest thing for any trader is not to trade for a whole day. But I think most traders know when to trade but, very few know when not to.

The u.s. data has not put any real energy into the markets. Markets are ticking like a slow clock. Squeezing blood. Why look to force a trade. I could but I just don't see it on a risk reward basis.

Gives me a chance to get some work done for students though.

Cheers, Jerry

jerry@forextradingmajic.com

jerryjstew@yahoo.com

MARKET UPDATE JUNE 2 2011 @ 6:00 AM EST

2011-06-02T05:06:00.000-05:00

First I want to thank my 1 on 1 students for your helpful comments regarding the new money management information I've added to the course. I like to tailor my work to fit the needs of my students and your comments and suggestions are always most helpful. From what I'm getting so far I feel it's going to make a big difference in bottom line profit and loss.

That being said, it's still not complete in the way that I would like it but I've rushed the mirror trading info out a couple of days sooner than I planned and so it's not quite tightened up the way I like and I have to put together

the video information on how to best use the zulutrade service in conjuction with Lcm. Trying to trade and put together materials is very hard. I like to be engaged with one or the other and not both. However, a few of my peeps were getting impatient, what, with me being gone for a couple of weeks dealing with my parents situation, left them feeling abandoned. So, here I am rushing stuff together for you. Now that the cat is out of the bag I hope you understand that I have a certain standard on how I present my materials so I will be tightening things up for you but it's a process. So, don't bust my balls until next week...lol.

In the meantime check out the trade journal below. I'm finding that very few of my traders keep a trade journal. I can tell you that most successful traders keep some type of journal. Whenever I look back and review my journals I am always impressed with how stupid I can be at times...lol

TRADE JORNAL

WED JUNE 1 2011

4:30 am Just waking up to watch the first high impact news of the day for gbp construction PMI. News was sightly better than expected. The gbp got a little pop on the
1hr charts to create a couple of 1hr pivot signals. I don't know if I want to take the signals though in the gbpjpy and gbpusd bullish pivot reversals for a couple of
reasons. 1. The euro zone banks are closed today so I'm wondering if the markets will have enough juice to follow through on signals. 1. Markets are waiting for all
important u.s. employment data at 8:30 am, which is the only true market mover I see on the news calander for today. 3. Euro zone bank president speaks in 45 minutes
and this is often used to create false moves in the markets as the heads talk up or down a/the pairs because traders follow the herd. 4. volitility stoped immediately
after the news pop and volitility came to a sudden halt. I don't like sudden halts, especially when price has strong momentum in one direction. It's unnatural and
I don't have to know what it is, I only need to know something aint right. 5. All moves right now are intraday counter trend.

As far as the news, I am alway impressed on how obvious the manipulations are to those who take off the rose colored glasses. The euro zone banks are closed so there
is a lot less capital out there today supporting the euro. So, to make up for that, they send out their talking head to protect the euro with words that will spook
traders in the desired direction in place of the banks manipulating price.

5:23 am Markets died after gbp news pop. The 1hr bull pivots on the gbp are too far away for an unplugged entry so I will have to wait for a pullback. When the pivot
reversal bar is too far from the pivot point the risk is too great to enter on the break of the high of the reversal bar. After the pullback maybe but, only if the
markets are lively.

5:30 am Nothings moving but the head of the euro bank president just as I suspected.

5:30 am No volitility means no trades. especially no short trades when no volitility. There is an old saying in the markets that says. 'NEVER SHORT A QUIT MARKET:
I used to buck that saying in my younger days, trying to prove that wrong. Trust me. It ain't wrong.

5:35 am No volitility give me a chance to study the markets to see how price action is working. The mechanics of price action I mean. The audusd is an interesting
study. Looks like it's been moving but it's trapped within a range. A lot of shake and bake but now real move.

5:40 am Looking at the 4hr signals on all the pairs. couple of decent signals especially on gbp but they need pullbacks. When the signal bar closes more that 20 pips
beyound support/resistance I like to lower the risk and wait for the pullback first. I notice that often times it's a trap. More times than not.

5:45 am I'm noticing that my journal times are very close together. That tells me I have too much time on my hands to study the market instead of looking for trading
opportunities. A hint for me to wait for 8:30 am for the u.s. data. u.s. banks are open and it's looking like that time period will be the best chance to ride
some volitility. Volitility is the waves that traders surf upon. If there are no waves we can't surf. We can try of course but, still waters make us shark bait.

6:00 am Nothing compeling is going on so I will break until around 8:00 am to get ready for the u.s. data. I feel that the market makers will do their usual thing
before major news and set prices up right at support or resistance levels to provide maximum volitility potential on the breaks and reversals.

FOREXTRADINGMAJIC.ZULUTRADE.COM

2011-06-01T06:41:00.000-05:00

HTTP://WWW.FOREXTRADINGMAJIC.ZULUTRADE.COM

Whenever I'm quiet it means I've been working on something important for traders. Read this post for details of what Jerry's been setting up.

Go to the link above and sign up for a free demo account. You must sign up from this link in order to receive the resources that I provide with Lcm. My zulutrade name is ( trading majic ) add me as your service provider. The website will explain the details.

This will allow my trades to be mirrored in your account. But the Lcm money management system is the key.

Money management is the key to profits. A trading system is the key to making good trades, but your money management system is the key to actually being profitable in this business.

A good money management system is an entire course by itself.

Below is today's trading journal from the London session this morning.

Note: The money management system comes with a purchase of one of my Lcm products. The mirrored trades are free when you sign up for a zulutrade account through the link I provided.

TRADE JORNAL

WED JUNE 1 2011

GBP/CHF
3:05 AM gbpchf - Long on bullish reversal bar... 1.4060 and 1.4037 but news came out at 3:13 am EXTREMELY bullish RETAIL SALES data for chf. moved stops below days
low bur will most likely be taken out on strong move off news. CHF DATA MUCH BETTER THAN MARKET EXPECTATIONS.

3:30 AM sTOPPED OUT AT 1.400. Market hit 1.403 but spread widened to 6 pips to take out stop.

NOTE: Made mistake of not looking at the 4hr. would have seen that volume was low previous 3 4hr bars and price up against 20 avg and last bar was inside bar.
__________________________________________________________________________________________

gbp/usd

3:30 am lomg gbpusd. 1HR UNPLUGGED BULL PIVOT... @1.6481 soft stop and tp for now... 3:40 am set tp @1.6508 previous week high.
3:50 AM EXIT ON 5 MIN REVERSAL. LOOK TO REENTER OFF 5 MIN PULLBACK.
______________________________________________________________________________________________
4:14 am long 1hr bull pivot. unplugged entry break above bull reversal bar. 1.6496... Also pending order to enter on pullback to pivot point @1.6473.
NOTE: PIVOT IS ON LOWER VOLUME BUT OPERATOR PARTISIPATION.

wanted to enter limit on unplugged entry but got message below from zulu.

New trade message on 2011/06/01 08:08:00 : Did not Open trade for 1.0 lot from Manual BUY GBP/USD, reason: Invalid rate. Broker Message: Invalid rate value:
Provided rate 1.6494 is less than 8 pips away from current rate 1.64906

4:22 AM Market quiet waiting for gbp news at 4:30 am... If news is bad for gbp we may have to early exit. Can't control the news. News changes everything
instantly.

NOTE: I hate it when news comes right after a perfect setup because news is the one thing that trumps everything.

4:30 am news came out with immediate spike against gbp. stoped out immediately. Gave no chance to stop and reverse to short.
Glad I'm scaling in with micro lots on a $10,000 account.

I look to exit and reverse directions on news against my position but today was extreme spikes that gave no chance. That's by design of course.

NOTE: THE OTHER PAIRS ARE QUIET. WHEN TRADING, FOCUS ON THE PAIR THAT HAS NEWS PENDING...
_________________________________________________________________________________________________________________________

SPECIAL NOTES:

Down 159 pips on 5 trades. Starting account balance $10,000. Now down to $9,984. Down $159.00
instead of $159 So, we can see how our money management plan helps us here. If were are trading $10 per pip standard contract instead of $1 mini per pip we would
be down $1590.00 (15.9%) instead of only $159.00 (1.6%). This is why the use of my money management plan that I provide is so important. The trades are based on my
mm plan so, when I take additional risk, like today trading the news, it's accounted for in the plan and if I lose there is little pain.

This is why I spent so much time stressing money management in the videos. My traders need to understand what I'm doing in order to follow me. On the zulu site
you will see many impressive looking stats but when you look at the numbers deeper, the drawdowns these signal providers generate are not realistic unless you
have a $100,000 account.

The zulu trade platform only allows for standard lot sizes. That means I can't break them up the way I can in actual trading. The account settings in my signal
provider account are different from my actual trading account. I have a $10,000 trading account linked to my signal provider (SP) account. So, the stats posted by
zulu will not necessarily be a true reflection of what I am actually doing in my trading. The purpose of Zulu is to get you the signals. BUT IT IS THE MONEY
MANAGEMENT SETTING THAT ARE GOING TO MAKE THE DIFFERENCE IN REAL DOLLARS.

EXAMPLE: Using today as an example, most everyone with 10,000 are trading standard lots at $10 per pip, and this is the only parameters that zulu can display
$10. per pip. In real trading we are using mini lots $1 per pip. We want to trade micro lots .1 per pip until we have at least $2,500 in equity.

SUMMARY:

AT 5:20 am I'm down only 1.6% . With 98.4% of my account still remaining, I have no fear of taking additional trades as they present themselves. But the zulu stats
will look quite different. My objective is not to get as many followers on zulu as I can. My objective is to train my Lcm people properly.

That being said, today's trades were technically off system for Lcm because I should have waited until after the news before trading but, sometimes I will take a
high risk shot as long as I can keep my risk around 3%. Or like today 1.6%.

5:30 am Tired now, need a nap before the u.s. employment data comes out at 8:30 a.m when I will focus on the u.s. pairs.

Cheers, Jerry

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

update 1

2011-05-23T06:26:00.001-05:00

Hello

I've been getting emails asking when I will be back. I have been back since 5-11-2011.

I have not been able to post on this blog since my return due to technical issues that Blogspot has been having. I have probably made 50-100 posts on twitter in the last 10 days.

Hopefully, their problems are resolved and I can start posting again on this blog.

Cheers, Jerry

BACK AT MY DESK

2011-05-11T05:43:00.000-05:00

Hello

I am back at my desk after a couple of weeks away due to the death of my mother in law, and major surgeries to both my mother and father whom live in a different state than I do. My mother has serious complications and the situation is still up in the air. I'm sad but..well, you know we have to keep going somehow.

For all of you who sent me words of encouragement you really have my thanks. It is because of you that I decided to continue Forextradingmajic.com. You see, I do quite a bit of pro bono work that takes up 30% of what I do. For me, it is my way of tithing. If you are any kind of student of human nature you know that when you do a lot for people for free, they don't give it the value or respect that it deserves. They get to the point where they feel you are obligated to serve your time and hard work for free. I think it may be a good thing to have been away so some of you can see the difference between me and whatever else is out there.The difference is that, Jerry has genuine Love for the people...the little people who are taken advantage of in this business.

My first reactions are to just close up shop but, those of you I did hear from softened my heart and therefore I will continue with the grace of God.

I will resume blog updates and twitter trade alerts tomorrow May 12 2011.

Cheers and One Love

Jerry

UPDAT 1

2011-04-28T08:15:00.000-05:00

Hello

My mother had major surgery yesterday. I'm still around but I can only come in short messages right now. It's been a rough couple of weeks and all I can do is pray.

Jerry

UPDATE 1

2011-04-20T06:33:00.000-05:00

Hello

Let me say first that some of you seem to have forgotten what I told you. My mother inlaw died, my elderly father had surgery, my mother is due for major surgery, my computer had a virus that destroyed many of my files.

So, let me ask you, what would you do if you told someone this and they said wow, that's too bad, but I need you to do this and I need you to do that? Do you really believe I can operate normally under those circumstances. How about if I did what any normal person would do in this situation and close up shop for a couple of weeks. How about if you can't contact me for a couple of weeks!!!

THE LOVE OF MONEY TRULY IS THE ROOT OF ALL EVIL!!!

Kind of remind me of my football days. I remember a game where I played on torn ligaments in my ankle. The doctors said don't play but I played anyway. That game, I threw 3 touchdown passes, threw for two 2 point conversions and ran for one 2 point conversion, and had an interception that I ran back for 80 yards.

All on an ankle 3 times normal size.

But we lost that game when my desperation hail Mary pass was intercepted on the last play of the game...

Behold, I had people all over me saying it was my fault that we lost the game. I threw an interception to end the game...I learned a lot about the world that day and like a wise man once told me. "The mind of mind hasn't changed since time began."

So, listen. I had a funeral to attend, and 2 sick parents who live 2 hours away that I have to attend to over the last few days. I would have hoped that many could understand the situation but the fact that I feel compelled to write this speaks volumes.

So here is what's up. I've been playing hurt for the last 2 weeks. I ain't play'in hurt this time.

MARKET UPDATE 1

2011-04-15T09:27:00.000-05:00

TWITTER TRADE ALERTS

Hopefully, by now you know enough to scan you forex news calender before each trading day. As I stated yesterday we had a G7 Meeting all day and today we have a G-20 meeting through the weekend. Refer to my post yesterday if you have question of what a G- meeting is.

G-7 or G-20 the only difference is the number of nations participating.

For that reason I am keeping the load light but the bigger reason is that when I look at my 4 hr chart I see consolidations and it remains to be seen if we will have breakouts of the ranges that have been established over the last couple of days. The eurusd broke out but that move was not tradeable unless you wanted to take a big risk by taking a position before or on the news.

We are still with our remaining 3 positions from yesterday and I have seen nothing compelling to induce me to carry a heavier load. G- meetings mean indecision and indecision means markets bouncing off of support and resistance levels.

Also, it is particularly not a good idea to hold positions over the weekend of a G- meeting because you don't know who they will decide to push up or push down per their agreements at the meetings. So, again, I know that signals and sup/res, sup/dem, etc... are all important. But, we still need a basic understanding of the meaning of geopolitical events as news moves the markets. False moves in the markets caused by large interests are the rule and not the exception.

Inside bars are the favorite ploy of deception. Many times a market will swing up and down several times and all of the up and down moves occur within the range of a single bar. If there are 10 bars in a row and none of those 10 bars closed outside the range of the first bar, THAT MARKET AIN'T MOVING DUDE!!!

If the range of the mother bar is large enough we can trade that range but, in the context of movement, THAT MARKET AIN'T MOVING DUDE!!! It's like an athlete doing a stutter step before breaking off his/her real move. There is a hell of a lot of movement in the stutter step. IN fact, more movement than the true move, why? Cause it's a fake dude...It's a fake!!!

Listen, the stuff I tell you are not concepts that I'm working out. It's already been done so, you can listen to the theories of your buddies on the forums or you can just take plain common sense and believe your own eyes when you look at charts. I could write a whole book on just inside and outside bar trading but I've got enough in my materials.

Cheers, Jerry

MARKET UPDATE 2

2011-04-14T18:14:00.000-05:00

CLICK LINK FOR THIS WEEK'S TRADE HISTORY...

TRADE HISTORY THUR APR 14 2011

CHEERS, JERRY

MARKET UPDATE 1

2011-04-14T10:46:00.000-05:00

One of the best ways to know if operators have targeted a position for attack is to watch for relative strength.

For example, if you are in a Eurusd trade, look at all of the Usd pairs. When a position has been targeted for attack the Eurusd ( or whatever pair ) is very active with ticks moving up and down rapidly between a small range or sometimes a large range. Now, when you look at the other Usd pairs, the pairs are hardly moving.

You know, drip, drip, squeezing out pips. Well, think about it. If the markets are corrolated, and they certainly are, how can one be raising hell and the other asleep? Do you see this discrepancy? whenever you see moves that are not natural beware and watch that position along with the other pairs of that currency.

I mean, if a currency is strong across the board but there is one laggard we need to look at our Mfi indicator and see what the Professionals are doing and where the retail herd is located. For example:

I signaled a buy Gbpusd to my trade alert group. Of course, as typically happens after I signal a trade Gbpusd get's real active. However, when I looked at the other Gbp pairs it's was not moving much at all. So I moved the stops out of target range. What's target range? Within the range of the prior swing...Outside of the swing is a potential trend change and they don't want that to go against them you can believe that!!

So, when I determine a position is in the cross hairs I may play games with the stops. Many traders tickle the hell out of me treating stops as if they are law. Listen, stops are like poker chips. You only let the world see the fake out sometimes and sometimes you treat the stop like it is the law. You don't want to set a pattern for the broker bots to hone in on. Why do you think they call retail traders, "PATTERN DAY TRADERS"? Because their trade decisions day to day form a predictable pattern the the professional program trading bots can zero in on to chase your stops. You gotta think what can be done with the most sophisticated computer software on the planet and who can afford it?

but anyway, this was just a little note to help my trade alert group to understand a little about why I make certain decisions because I often get the question, "Jerry, is that how you always do it? Of course not!!! Does the market always do the same thing the same way? That's like asking a basketball player if he/she always makes the same moves the same way?

There are principles, and within the principles there are options one can take which maintain the principle or go against the principle. First you must learn, and not just know the principle. Too many traders either want a robot or think they can trade robotically and that is the key. It's not...

CHEERS, JERRY

MARKET UPDATE 1

2011-04-14T04:21:00.000-05:00

Hello

Click the link to see closed trade list for this week. CLOSED TRADES WED APRIL 13 2011

The real action for today will start around 8:30 am est. U.S. payroll data is scheduled to be released. The kicker is that there is a G-7 conference that begins today.

The G-7 is the group of 7 most influential economies in the world. They get together to decide which way they will take the markets and who's currency needs to go up or down to balance out the world currencies over all.

This is when fat cats really have a field day with retail traders. Of course the insiders know what's going to happen because they make the policy. Someone always knows. See the classic Eddie Murphy movie, "Trading Places", and you will get an idea how it works for real.

Employment and trade data are the two most market moving reports besides the big one, which is interest rate reports. Combine the U.S. data with G-7 and we could be in for a wild ride. There are plenty of false setups during these meeting so be smart. Control your emotions.

I will continue to call trades on twitter even though I am loathe to do so during these times because I hate uncertainty in the markets. Uncertainty means the professionals have their way with two way moves to take out stops and just stampede the herd one way and then surprise with a big fast move against retailers before they have time to react.

I will probably wait until after the data is announced before I make any moves but don't hold me to that. If I see a setup to good to overlook I may just make the call.

I know that some of you signed up for the trade alerts over the last week and I have not been able to get you situated yet due to the nasty computer virus I was telling you about last week. Also, remember that I make trade calls through Twitter. If you want the trade alerts and I send you a Twitter invite you should answer if you want trade alerts.

CHEERS, JERRY

MARKET UPDATE 4

2011-04-12T09:24:00.000-05:00

TWITTER TRANSCRIPTS
(NOTE) the time lines on the twitter transcripts are not correct. For example these transcripts are less than 1 hr ago not 3 hours. I am copying the transcripts as they appear on twitter so, I don't know why they are showing incorrect times on my twitter posts.

tradingmajic Jerry Stewart
CLICK LINK FOR CLOSED TRADES http://screencast.com/t/LEWVxvR7xq CURRENTLY NO OPEN TRADES
3 hours ago ___________________________________________________________________________
tradingmajic Jerry Stewart
7 TRADES = NO LOSERS TOTAL PIPS PROFIT TODAY = +149 PIPS
3 hours ago ________________________________________________________________________________
tradingmajic Jerry Stewart
USDCAD CLOSED @.9615 1HR BAR CLOSING AS A RANGE BAR. AFTER RANGE BAR IT'S BETTER TO WAIT FOR A PULLBACK OPENED @ .9579 PROFIT = +36 PIPS
3 hours
___________________________________________________________________________
tradingmajic Jerry Stewart
USDCAD CLOSE OPEN ORDER
3 hours ago

CHEERS, JERRY

MARKET UPDATE 3

2011-04-12T05:50:00.000-05:00

TWITTER TRANSCRIPTS

tradingmajic Jerry Stewart
CLICK LINK FOR OPEN TRADES http://screencast.com/t/daRngQ3Mzwgt
2 hours ago ____________________________________________________________________________
tradingmajic Jerry Stewart
CLICK LINK FOR TODAY'S CLOSED TRADES http://screencast.com/t/0w64MeTi5LZy
3 hours ago ____________________________________________________________________________
tradingmajic Jerry Stewart
USD CAD TRADE#3 CLOSED AT .9568 OPENED @.9568 = 0 PIPS THE PAIR HAS FLIPPED WITH A 4HR AND 1HR BEAR REVERSAL BARS & 1HR DEMAND LINE BREAK
3 hours ago _________________________________________________________________________
tradingmajic Jerry Stewart
USDCAD CLOSE TRADE @ AT BREAK EVEN
3 hours ago

CHEERS, JERRY

MARKET UPDATE 2

2011-04-12T04:04:00.001-05:00

TWITTER TRANSCRIPTS

tradingmajic Jerry Stewart
CLOSED TRADES +113
USDCHF +29PIPS USDCHF + 20 PIPS TOTAL = + 49
USDJPY +4 USDJPY +47 TOTAL = +51
USDCAD +13 TOTAL = +13
3 hours ago
_____________________________________________________________________________
tradingmajic Jerry Stewart
CLOSE ALL USDCHF TRADES...NEWS PENDING IN 5 MINUTES
3 hours ago
_____________________________________________________________________________
tradingmajic Jerry Stewart
CURRENT PENDING ORDERS 12:30 AM TUE APRIL 12 2011 http://screencast.com/t/qAVP0DAujoQ
7 hours ago ____________________________________________________________________________
tradingmajic Jerry Stewart
usdcad tp hit @.9622 bought@ .9609 stop .9555 tp@9622 total = +13 pips
8 hours ago
____________________________________________________________________________
tradingmajic Jerry Stewart
Click link for video trade alert
http://screencast.com/t/mPv5tIsRfXzr
8 hours ago

CHEERS, JERRY

Market update 1

2011-04-11T22:44:00.001-05:00

Last week my Mother inlaw died, my dad had emergency surgery, and my mom has upcoming serious surgery. To boot, my hard drive was infected by a virus which ultimately cost me years of accumulated material and the entire week to wipe, clean and replace almost 8 years worth of work. So, please forgive me for being a bit quiet last week.

TWITTER TRADE ALERT EXCERPTS MONDAY APRIL 11

tradingmajic Jerry Stewart

Click link for video trade alert http://screencast.com/t/lZRcM06q

6 hours ago
__________________________________________________________________

tradingmajic Jerry Stewart

USDJPY tp @84.90 hit. cancel any pending orders in this pair.
3 hours ago
__________________________________________________________________

tradingmajic Jerry Stewart

usdjpy trade #1 = +4 trade # 2 = +43 total = +47
3 hours ago

Cheers, Jerry

MARKET UPDATE 1

2011-04-06T09:05:00.000-05:00

Just wanted to let you know that I've been dealing with a software virus called "WINDOWS RESTORE." for the last couple of days. It started with my trading platform running very, slow and not allowing me to get in and out of trades. When I try to execute a trade the market has moved and the quoted price is no longer valid.

At first it was just the trading platform but has now spread to everything and I'm trying everything to kill it but, it is a process. As soon as I'm up and running fully I will be back at it. It's very curious that the virus only affected my trading platform. But not all. I have several. But only the one I use for trade alerts was affected. Hmmm...

Whenever I use a platform with trade alerts the platforms has about a 3 to 4 week shelf life before it goes crazy on me. Call me a conspiracy theorist all you want but, it keeps happening over and over again with the same format. So far this is my 4th trading platform this year for the trade alerts.

See, it really ain't about me. It's about you. They mess up my stats feeling you will be dumb enough to fall for it. And I gotta give'em credit...MOST ARE!!!

FLAT OUT...THEY CAN'T BEAT ME...THEY CAN ONLY CHEAT ME..

I know their operations so well I may as well be one of them. So, what choice do they have...?

CHEERS, JERRY

MARKET UPDATE 1

2011-03-31T10:00:00.001-05:00

Click here for Account statement

Twitter Transcripts

THURSDAY MARCH 31

tradingmajic Jerry Stewart

Don't make your current method your religion. The only thing constant is change...

6 minutes ago

tradingmajic Jerry Stewart

you're starting to see how my approach is totally radical to what you have been taught...Bottom line is, what does that acct. statement say

7 minutes ago

tradingmajic Jerry Stewart

Why am I not looking at other pairs. Because we are in a flow with usdchf. Right now her current is predictable. We're dancing like lovers

8 minutes ago

BUT MAINLY, BY TAKING SOME PROFIT OFF THE TABLE WE LOCK IN SOME PROFITS AND REDUCE OUR RISK

tradingmajic Jerry Stewart

TOOK OFF HALF OF OUR POSITION BECAUSE MARKET IS DUE FOR A COUNTERTREND PULLBACK. MAY GET A SHOT TO SCALE THAT HALF BACK IN AT A BETTER PRICE

tradingmajic Jerry Stewart

CORRECTION: (ENTRY SHORT) NOT LONG- USDCHF SCALE IN ENTRY 2 ( ENTRY LONG AT .9230 EXIT .9190 +40 PIPS ) 21 hours ago

11 minutes ago

tradingmajic Jerry Stewart

CORRECTION: (ENTRY SHORT) NOT LONG- USDCHF SCALE IN ENTRY 2 ( ENTRY LONG AT .9230 EXIT .9190 +40 PIPS )

tradingmajic Jerry Stewart

USDCHF CLOSE 1/2 OF OPEN POSITION @ .9140.... REMAINING 1/2 MOVE ...STOP TO .9210 AND TP@ .9090

32 minutes ago

tradingmajic Jerry Stewart

USDCHF CLOSE 1/2 OF OPEN POSITION AT BREAK EVEN

39 minutes ago

tradingmajic Jerry Stewart

USDCHF REMAINING POSITION LONG @ 9141 STATUS STILL OPEN. LONG @.9141 STOP @ 9260 TP .9104

21 hours ago

tradingmajic Jerry Stewart

USDCHF SCALE IN ENTRY 2 ( ENTRY LONG AT .9230 EXIT .9190 +40 PIPS )

21 hours ago

tradingmajic Jerry Stewart

USDCHF SCALE IN ENTRY 1 ( ENTRY AT .9203 EXIT .9190 + 13 PIPS

21 hours ago

tradingmajic Jerry Stewart

USDCHF SCALE IN POSITIONS 1 AND 2 CLOSED AT .9190.

21 hours ago

tradingmajic Jerry Stewart

USDCHF CLOSE SCALE IN POSITIONS 1 AND 2

21 hours ago

TUESDAY/WEDNESDAY MARCH 29 & 30

tradingmajic Jerry Stewart

usdchf sell short 2nd scale in @ .9230

31 seconds ago

tradingmajic Jerry Stewart

usdchf adjust short scale in to .9203

3 minutes ago

tradingmajic Jerry Stewart

usdchf sell short 1st scale in @.9223 no stop no tp. we're playing poker...

tradingmajic Jerry Stewart

usdchf sell short 1st scale in @.9223 no stop no tp. we're playing poker...

tradingmajic Jerry Stewart

usdchf My buyers vs sellers indicator is showing nothing but selling yet price is rising too swiftly. I smell a little stink..lol

9 minutes ago

tradingmajic Jerry Stewart

usdchf remove stop for possible scale in. I feel the current action is an attempt at stops

11 minutes ago

tradingmajic Jerry Stewart

When I signal a trade, get out where it's comfortable profit for you. You don't have to wait for the target to be hit.

18 minutes ago

tradingmajic Jerry Stewart

What I'm saying is that op's hold price against the retailers as long as possible. When retailers exit they turn it loose

20 minutes ago

tradingmajic Jerry Stewart

Far too often to be any kind of coiencidence. I try to get the alert in early so all my people have a chance to get out.

34 minutes ago

tradingmajic Jerry Stewart

Notice how eurchf immediately spiked up to our original target of 1.2965 as soon as I told you to close out. Have you noticed how often?

tradingmajic Jerry Stewart

eurchf closed @1.2952 +32 pips

7 seconds ago

tradingmajic Jerry Stewart

close eurchf @ market

2 minutes ago

tradingmajic Jerry Stewart

The same reasons I entered eurchf applies to usdchf only in reverse. to the short side instead of the long side

1 hour ago

tradingmajic Jerry Stewart

usdchf...sold short @.9142 stop@ .9190 tp@ .9103

1 hour ago

tradingmajic Jerry Stewart

last hr bar closed above 1 hr supply line

1 hour ago

tradingmajic Jerry Stewart

1hr footstep support just below yesterday's close

1 hour ago

tradingmajic Jerry Stewart

buyers vs sellers volume indicator shows buyers took control on last hr's bar

1 hour ago

tradingmajic Jerry Stewart

pivot formed on higher volume and stochastices crossing up through oversold.

2 hours ago

tradingmajic Jerry Stewart

That long entry is eurchf based on 1hr complex bull pivot above yesterday"s close

2 hours ago

tradingmajic Jerry Stewart

LONG ENTRY @1.2920 market ..stop@ 1.2875 tp@ 1.2965

2 hours ago

tradingmajic Jerry Stewart

eurchf buy @ market stop 1.2827 tp 1.2958

MARKET UPDATE 1

2011-03-30T09:17:00.002-05:00

TRADE ALERTS UPDATE:

http://screencast.com/t/Wwf85zsNLTTA

Q&A

QUESTION/COMMENT

From: LJ
To: jerry Stewart
Sent: Wed, March 30, 2011 9:28:06 AM
Subject: Spooked by Euro the last 2 days

Hi Jerry.

Lots of signals, no movement.

Cheers.

ANSWER:

Re: Spooked by Euro the last 2 days

	From: jerry Stewart
To:	LJ

Hi LJ

The Eurusd is sitting at weekly minor support after a high volume down bar last week. This indicates that the eurusd wants to go down. but is being supported by weekly footstep. so there is a fight raging right now that needs to be resolved before eurusd can make a move . The 4hr eurusd is contained within an inside bar, the long red bar 7 bars ago which is mother bar. mother is also a range bar and a down range bar usually gets tested at the high.

The euraud is a good bet to go down because of the bear reversal bar that formed last week. But is also contained within an inside bar.

As far as volume the most recent 4 hr indication is no supply on the down moves which means demand should be entering the market to take price up in the short term.

But I am also a little skittish with this market right now. Especially after the dollar negative news this morning did nothing to move the markets. And that was a major report. Also, Wednesday is interest rate differential day and usually moves markets nicely but not euro this time.

A lot of it has to do with the market having to recalibrate after the shock in the Yen. Yen trading has come back to life and the market is struggling to recalibrate because as we know the markets are based on correlations with each other. So, there is confusion in the markets right now. The things that traders normally rely on to make their decisions is skewed right now and volume is very low as a result. No volume no sustained moves. In other words, the operators are in full control right now and are having their way. They have to make the markets appear if they are moving if they are to draw in new money and because of what I said above they are hard pressed to draw in new money right now because many traders are feeling like you and I.

I'm seeing that most moves are against the flow of volume which cannot last. Really the only currency that has real life is the yen. That's due to the pent up energy from that currency being a dead cat for about a week and now the lid is off.

Patience is the key for sure. The true large players are waiting for Friday's u.s. employment data which should be the real market mover for the week. Often the week this report comes out markets range between support and resistance without committing to a true direction.

CHEERS AND ONE LOVE,

JERRY

MARKET UPDATE 2

2011-03-28T12:36:00.002-05:00

Twitter Transcripts. +21 pips

tradingmajic Jerry Stewart

Counter trend moves + talking heads means you gotta know when to take a chill pill.

29 minutes ago Favorite Reply Delete

tradingmajic Jerry Stewart

news calendar. nothing but talking heads of each Fed district trying to talk their currency in the direction they wish after 11:00 am est.

31 minutes ago Favorite Reply Delete

tradingmajic Jerry Stewart

The major pairs are in counter trend patterns. Counter trend trades are risky. patience is required

36 minutes ago Favorite Reply Delete

tradingmajic Jerry Stewart

many times out stops and targets levels are for show. It's like poker. We don't want to show our hand.

2 hours ago Favorite Reply Delete

tradingmajic Jerry Stewart

usdchf closed at .9159 +21 pips.

2 hours ago Favorite Reply Delete

tradingmajic Jerry Stewart

usdchf close trade at market we're at 1 hr footstep support

2 hours ago Favorite Reply Delete

tradingmajic Jerry Stewart

usdchf trade based on 1hr bear reversal bar & breakdown of swing low + trend line breakdown. all 1hr levels.

3 hours ago Favorite Reply Delete

tradingmajic Jerry Stewart

usdchf sell short limit @.9180 stop @.9240 tp@ .9120 ( limit order )

3 hours ago Favorite Reply Delete

MARKET UPDATE 1

2011-03-27T19:58:00.001-05:00

Last week was my first week calling trades through Twitter and so far it seems to be the tool I've been looking for to give you the type of trade alerts that is adaptable enough to display my true trading style. Not completely mind you but close enough. Below are the transcripts from last week. I will get better with the format as I go forward.

CLICK HERE FOR TRADING STATEMENT WEEK OF MARCH 20 2011

NOTE: The actual results are a little skewed because of 2 mistakes I made. The first is the type that will happen from time to time because there will be times when I get the trade alert out to subscribers ( first priority ) in a fast moving market. Sometimes I may have a lot going and forget to execute the trade in the display trading account. The account is more for record keeping and the alerts are to put money in your pocket so, that is the priority.

The trade below we got out at break even however, in the account I brain farted and did not realize I didn't close the trade until I got stopped out. A $381.00 mistake on my end but subscribers did not suffer.

15289533

2011.03.21 14:38

sell

1.00

audusd

1.00399

1.00780

0.99800

2011.03.22 07:23

1.00780

0.00

-14.30

-381.00

tradingmajic Jerry Stewart

audusd - close trade at 1.0038 break even. It's getting close to 2 pm est. my quitting time.

21 Mar

Now for my second mistake. American traders should be famaliar with the FIFO rule that U.S. regulators hit us with last fall. That stands for "First in first out". For traders like me ( many of my most profitable trades are scaled into additional positions as price moves against me instead of giving op's those sweet juicy stops to hunt. I rountinely make them pay for stop hunts by scaling in until price turns around and I profit double or even triple sometimes.

Well, with the first in first out rule, lets say trade 1 is short at 1.500, trade 2 short at 1600, trade 3 short at 1.700. Now, when price fades back to 1600 I have a 100 pip profit on entry 3 right. The problem is that trade 1 is still not profitable but, under the rule I have to close out trade 1 first, trade 2 second, and trade 3 third. In other words, we are forced to exit in the same order we entered with U.S. brokers.

What ends up happening is that I will be profitable on trades 2 and 3 but, in order to take profits I have to also close out trade 1. Trade 1 may show a large loss but profits on trades 2 and 3 more than make up for it.

But most times I don't want to close out trade 1 but I have to so as to try and keep the account in balance with the trade alerts because not all of my subscribers are U.S. Traders. So, I end up alerting you to close positions 2 and or 3 but I have to close out all 3 positions and then take a new position so that I also have 1 position remaining along with my subscribers.

So, I will end up showing a large loss of $800.00 or larger on trade 1 but I only exited the trade for record keeping purposes. So, when you see the statement the percentages of wins and losses are skewed. The percentage of wins would look better on the statement if not for FIFO. Stop trippin!!!

I know what you're thinking but, I don't need to make any excuses for the trading results of $3,700.00 profit in 2 weeks!!!

I've only used this broker for 2 weeks and I really like them except for the FIFO. Most brokers have adjusted their platforms so you don't have to worry about it and can trade as usual. So, if you have a FIFO broker you are trading with a handicap.

I know they said this rule was to help the retail trader. Shoot...WHEN WAS THE LAST TIME YOU SAW LEGISLATION THAT WAS REALLY INTENDED TO HELP THE LITTLE GUY?

I will find a new broker in a couple of weeks I just wanted you to be duly notified that even without the statement showing the full effect of LCM. What it does show is still pretty damn good...

Cheers, Jerry

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

TWITTER TRANSCRIPTS WEEK OF MARCH 20 2011

tradingmajic Jerry Stewart

A valid gap will occur outside of swing support or resistance

11 minutes ago Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

I know the opening gaps look good to some people. Consider that down gaps are filled 70% of the time.

12 minutes ago Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

See tweet from Friday 4:40pm and look at the eurusd. You have adversaries in your trading. Study them cause they spend millions studying you

39 minutes ago Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

We ended the week profitable and that's what really matters most. I will post the stats tomorrow

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

eurusd..should retrace back up to around 1.4120 before continuing down. If so I may hit'em with another short scale in

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

the usual end of Friday move to trap the shorts over the weekend to gain their extra swap income off retailers. a pound of flesh I call it

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Yesterday's moves were false moves designed to shake out retailers. I know how to spot false moves and therefore, not panick

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

1.4053 is yesterdays low and currently serving as intraday support

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

or you can move tp up from 1.4035 to 1.4053

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

If that bothers you close out all eurusd

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

oh I'm ahead of myself. We still have a 1/2 position in the eurusd from 1.4065. We may not hit the target of 1.4035 till Sunday/Monday

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Trade without stops when possible to take away their target

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

yes, I know...yesterday you thought oh my god I'm in the hole. FEAR IS THE MIND KILLER!!! TAKE SMALL POSITIONS SIZES TO DEFEAT MANIPULATION

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

okay.. the deck should be clear.. No open positions...

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad close remaining scaled in position .09823

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad 2 positions open from scale in. Close 1 position @.9805

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

we are at 1hr support so take that 1/2 now if you didn't yet...

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Im out

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

When we scale in it's not the individual trade that's important it's the cumulative position. if you close right now at 1.4070 you're fine

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

eurusd...close 1/2 of open position @1.4065 ( break even ) the scale in from 1.4160 gives us a profitable scale in. close 2nd 1/2 at 1.4035

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

tp on eurusd short scale in @1.4126

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

eurusd scale in 2nd position short below 1.4160

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud close trade at market

25 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Close gbpjpy @ market

24 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

eurusd remove stop for possible scale in at daily bear pivot range. current move is a bear pivot pullback

24 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

eurusd raise stop to 1.4160

24 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

eurusd move stop to 1.4128

24 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

gbpjpy sell short 130.97 Stop above 131.78 tp 130.20

24 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud sell short @1.3882 stop above 1.3945 tp 1.3835

24 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

eurusd stop 1.4097 tp 1.4035

24 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

sell short eurusd @1.4065

24 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

I won't know until the close of this 4hr bar at 3:00 pm est ( 8:00pm GMT )if I'm right about the stop hunt attempt...

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

emotion says bail out or usdcad. My system says logic of support/resistance. I say it's chess, not checkers...

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Trading is about more than numbers. It's about emotion. Emotion said, jump back in that eurand. But experience said check your emotions

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad up trend unbroken. Op's buying at support where they usually buy. we had volume lower than the last 5 bars but the biggest move

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

I'm still pissed of for not just closing a 1/2 position on the euraud trade. see how greedy we get. I made a profit and still got issues

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

by scaling in my break even is @ .9817. Combat allows for no fear. Once you're in a position of fear they own you...

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

fear is the mind killer and position sizes too large cause fear. I might scale another one in on'em if I think they are trying to fade me

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

PROGRAM TRADING...WITH BEAST COMPUTERS..but you can't deal with a beast you can't comprehend exists. small position sizes allow you to play

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

immediately after I took off my stops the swift down move turned slow. No they're not watching me.. That's what computers are for.

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

If they wanna get me they have to prove they are for real by breaking the trend.

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

op's froze eurusd and Gbpusd to keep the coralation from pushing usdcad up till they could squeeze the short stops in usdcad

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usd is strong everywhere but the cad. I smell some stink in the air. game on let's play. relative to my account size of course

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad just took off the stop. smells like stop hunt. this pair has been moving opposite euraud all day. until now. I'll play. you stay

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad. looking like they got my number on this one

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad. we have 4hr footstep support at .9792. I have my 2nd position and moving stop to 1.9780.for wiggle room

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

I'm gonna pick up another position at .9803. Don't follow me on this just watch. see how the op's play it.

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

dont like the looks of the usdcad 1hr chart but I entered based on the 4hr reversal bar and we are in the process of a normal pullback test

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud. Appears I got out too early hugh? should have taken off 1/2 position. hindsight is 20/20. but safe saves me most times

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud. I'm out at 1.3977. I may reenter short at 1.3998 if we pull back to that level during next hr

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud. close trade now at market. we will finish the hr with lower volume

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud sell short 1.3987 stop 1.4055 tp 1.3955

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

sell short euraud 1.3987

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

correction eurusd stop .9789

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad. if we get the pullback I may scale into a second position. stop below the low of the day below .9889

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad 4hr reversal bar close. market can pullback to test .9812. close trade now if you don't want to risk the pullback ( reaction test )

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad. last 1hr bar with bullish breakout of high on bull volume per B v S volume indicator.. target is last 4hr swing high resistance

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud the last bar also close above 50% of the range of the 1hr bar that just closed

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud showed strength 1hr close higher than prior bar despite higher volume. is sign of short term strength. we exit and look to reenter

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud correction. trade closed at 1.39992

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

euraud trade closed @1.9992

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

close euraud trade @ market

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

I'm now long usdcad @.9831 tp 0.9858 we broke above the day hi so we get out of shorts and go with the flow will adise on stop

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad...stop reverse at market close short and open long

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

sell short euraud below 1.4012 stop above 1.4080 tp 1.3855

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

sell short usdcad below .9804 stop above .9840 tp .9755

23 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Doctor's appointment this morning. I will try to get back with you this afternoon est time. See new blog post

22 Mar Favorite Reply Delete

Seesmic Announce

seesmic Seesmic Announce

Join us in Paris for Social Media Management Day in Paris April 6th #SMMD http://see.sc/jp4iAd

21 Mar Favorite Retweet Reply

Jerry Stewart

tradingmajic Jerry Stewart

New blog post

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Days like today are trying to squeeze something out of nothing. So, we close the day down -12 pips. Nothing from nothing leaves nothing

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Today the markets drifted up to the highs. not propelled by force. of buying and selling. After the Asian session just consolodations

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audusd - close trade at 1.0038 break even. It's getting close to 2 pm est. my quitting time.

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

by the way I've been using fibonacci from the 4hr upswing not the 1 hr upswing...

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

take the trade bellow 1.0038. stop above 1.0077 tp @ 1.0020

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

we have a new unplugged short signal on audusd at 1.0038. But it's late in the day. I don't like to trade this late but first day twitters

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audusd- up bar the market is setup to go down. down bar the market is setup to go up. last hr was up bar. break below lo is short signal

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audusd- op's could not get retailers to join in the buying. op's are not trying to move it up right now. just prevent profit taking shorts.

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audusd - when we see price rushing against our tp we want to panick and exit the trade on emotion. This is how they work us

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audusd- see on your 5 min how the market rushes back up each time we get within 5 pips of 23% fib. dead give away many tp stops there

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Last 2 1hr bars did not close below low of prior bar. 2 strong bars in a row supported by operators. All buying of our B v S indicator

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audusd. okay. 3rd bar down counter trend means exit at close of this hr. close all at 23% fib 1.0028 or at close of hr. whichever first.

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

by the way, the .9990 scaleout is at 50% fib retracement

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

The wise thing for you to do is get out at break even. But I'm only risking 35 pips here so I will play for a while to get some reactions

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

I'm trying to force a couple of trades today so we can get started with this new twitter alert. So far so good...

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

This intervention stuff has everyone jumpy. The big commercials don't want to take positions. Market uncertainty means stand aside..

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audUsd The market is behaving weird so I'm leaving the trade on to make a new day high to force me out...still no selling to speak of yet

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

Textbook Lcm we should have closed the AudUsd trade close of the last 1hr bar because we're in on weakness and the bar finished strength

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audusd - Professionals buying the last part of last hr. Attempt to trap the shorts who want to get out at 23% fib. Let's see...

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

audusd- 1.0028 is 23% fib pullback. Close 1/3rd position at 1.0028. close 1/3rd position @ 38% fib 1.0002 close final position @ .9990

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

okay lets try audusd - sell short below 1.0045 stop above 1.0077 target .9980. unplugged entry

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

the 3am bar (1hr ) gave a short unplugged signal. But market is strange today. I'm hesitant to call trades till I see what's up.

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

The usdcad exit should have been a stop reverse. But I didnt want to call it because of what I explained in the blog.

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

see blog post

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

The markets are drifting. The moves have no force or volume behind them. Right now there's intervention and when I'm not sure I dont go

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

No real volume in the market yet. We need a market moving event. Some news or breakout of major sup/res to get new money coming in

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad- stopped out -12 pips

21 Mar Favorite Reply Delete

Jerry Stewart

tradingmajic Jerry Stewart

usdcad- buy above 09810 stop .9798 target .9825 Small risk scalp trade to start the day. based on 15 min cycle trade with unplugged

MARKET UPDATE 1

2011-03-22T07:12:00.000-05:00

Hello

I have a doctors appointment today and I don't know how long it's going to take. So, those who don't own any of my material, you are on your own today.

For those of you who do have my material, it's important to note that we don't know the objective of the so-called market intervention to help the Japanese Yen. Seems that in order to help the yen it's necessary to trash the u.s. dollar. Cause, from where I'm sitting it looks like the only intervention is to take the dollar down.

For those with my buyers and sellers indicator, the one I provided you with...Try and only take signals in the direction of that indicator. If buyers are in control only look for Lcm buy signals. If sellers are in control only look for Lcm sell signals. The Mfi indicator is only a supplement to your buyers and sellers indicator. When you see a professional Mfi bar, what color is your buyers vs sellers indicator. It's green, they are buying. It's red they are selling. Not a whole lot of figuring to do.

Understand that these updates on the blog are open to all right now. When you have my materials some things are just gonna be easier for you. Those who are with me for free don't have all of the tools and indicators I provide you with. No, they don't substitute your decision making process only make some of the mechanical stuff easier and faster so that you can spend your time focusing on you decisions.

The market moves off more buyers or more sellers. If you have a resource that does that for you you should use it. If you see 5 green buyers vs sellers bars in a row, you should be saying, "okay, I'm dismissing all sell signals because I don't see sellers in the market. Gotta run...

Cheers, Jerry

jerry@forextradingmajic.com

MARKET UPDATE 4

2011-03-21T13:23:00.000-05:00

The hardest thing to do in trading is to sit on your hands when the markets are not really moving. Often when we look back on price action we see where the market went up or down and feel like we missed the move/s.

However, just because price moved does not mean it was a tradable move. If there was no safe entry based on support or resistance to protect your position the move was not tradeable. I there was a breakout and the market did not retrace to give a safe entry that move was not tradeable. If a market blows up countertrend from a lower bottom or top that move was against the trend and moved quickly giving not real shot at getting in.

Any hard fast move ( especially counter trend ) was not meant for you to get in until the move strayed too far from support/resistance. That's not safe and those moves get retraced 9 out of 10 times.

Do, not be fooled by today's price action. For the most part, the moves, if you call them moves were not tradable moves. Today I signaled 3 trades via twitter with multiple updates guiding you along each trade. The results were 2 trades break even and 1 trade -12 pips.

So, net negative 12 pips is like saying break even to me. And on a day like today if you managed to break even instead of breaking your account it means you at least have some minimum discipline.

You see, news moves markets. Today there was no news to unwind the intervention news from Friday. The market is left drifting until some new, major news comes out. We don't have any major financial data on tap until tomorrow morning 5:30 am est (10:30 am GMT ) when The Gbp has major economic data.

Until then I expect the markets to bounce between support and resistance levels. Unless some more unexpected geopolitical news comes across the wire.

Cheers, Jerry

MARKET UPDATE 3

2011-03-21T11:39:00.000-05:00

Subscriber feedback from Twitter alerts..

Works perfect also on the user-end. Downloaded a twitter desktop app, and signals pop up on my screen the moment you send them! Brilliant!

Cheers, Jerry

jerry@forextradingmajic.com

jerryjstew@yahoo.com

MARKET UPDATE 2

2011-03-21T11:13:00.000-05:00

I've sent out over 20 trade alert messages today via Twitter.

Cheers, Jerry

jerry@forextradingmajic.com

MARKET UPDATE 1

2011-03-21T08:05:00.000-05:00

Hello

It appears that some of the markets are moving such as usd/cad, gbp/usd, eurusd. However, the movements are very unnatural to me. I've been watching the markets pip by pip and the moves are robotic. Almost, tic, tock, like a clock. They are moving in their natural directions based on the signals I'm seeing but I'm hesitant to act on the signals right now because, something doesn't smell quite right.

I'm noticing that Today's volume has still not matched the high volume from any of the days last week. This is not natural. If pairs are moving significantly through support or resistance it should be gaining in volume. That's not what I'm seeing in my platform so I feel the markets are still under intervention.

I'm not saying there are no opportunities, it's just like an animal in the jungle, the wind is not blowing normally so I want to watch for a spell and see if I can find the flow.

Cheers, Jerry

Jerry@forextradingmajic.com

MARKET UPDATE 3

2011-03-18T09:53:00.000-05:00

I've been trading a new demo account this week. Based on what I explained to you in the newsletter I don't need to go into the reasons here. But suffice to say that, I started trading the account on the 13th of March. I want you to see what results are like when I can actually log into my account. Can actually exit trades whenever I want. Not once locked out of the trading platform. Not one computer system crash when I simply click on the trade icon on my platform. All of the weird happenings that were occurring with the MT4i account. Yes, they happen occasionally but, Once I went public with Mt4i, it was all day every day. I only needed a week to figure out what was up and my investigation proved it to me.

But before I started calling trade signals again I just wanted to see for a few days if there would be a difference with and without Mt4i. The statement below is a typical week of trading Lcm rules. The only time I don't get similar results is when my trades are too public.

Click link for trade statement for this week.
Detailed statement

March 16 2011

Thank you for keeping the updates coming and in general looking after all of us.

I am writing to inform about my latest developments based on your materials.

Since I have started using the unplugged entry I am doing very well. I enter on 1h and I watch four markets gbpusd eurusd and gbpjpy eurjpy. Understanding pivots, volume in combination with unplugged entry can make you very profitable trader. I can tell that is easy to make 50 plus even 100 plus pips every day (personal experience). Normally I exit on close of 1h bar , 3 bar s/r or 4h/daily s/r, depends of the situation.

I am spending a lot of time watching the market tick by tick. I see how blue bars change to green or yellow in the last 5 min of the hour. I would like to bring to your attention that chasing the operators money is much more difficult job than just chasing the new money (green volume bars). What I say is based on bar prints. I don’t remember in which video but you said it yourself that new money (green bars) is like dinner bell for operators. That’s why if I haven’t watched the market tick by tick and I have to analyse market on bar prints, (once I wake up in the morning situation) I concentrate on chasing the new money. Much more easier job I reckon. Fade the retail. Please let me know if you thing that’s the right thing. I rate highly your opinion.

Mr,B ( Croatia )

I asked Mr. B if I could use his email in my testimonials. See, these are the types of emails I get almost every single day from across the globe. Unlike some out there, I get so many emails like this that keeping up with them is very time consuming because typically, I feel that the updates and trade information I provide should speak for itself but, for those that need to see if others are successful with Lcm principles I will start posting some testimonials from time to time. So, be advised, if you send or have sent me your positive experience it may end up in my testimonials. I'm posting Mr. B here ( name changed to protect privacy ) because it is very detailied and expresses much of what I get very often. So, thank you Mr. B. I appreciate your truthful and kind words.

_______________________________________________________________________________

March 17 2011

Hi Jerry,

Thank you for the market inside information. Loved it.

I will be more than happy if you use any of my messages in the testimonials. You know how highly I rate this course. It really changed my life. I can say that the 1 on 1 training is a must for anyone who is serious about trading and wants to make money out of the market on constant basis. I think the price of the course is an absolute bargain for the knowledge you get.

Also I would like to add that I used to be huge Elliott Wave fan. I say ‘used to’ because after your course I am not so ‘huge’ anymore. Here I realized that PROFITABLE trading is less about prediction and more about reaction. With other words – now I care less where the market is going and more what is DOING. (I am sure most traders will disagree. I read most traders lose money…)

Cheers. Mr,B ( Croatia )

_________________________________________________________________________________

MARKET UPDATE 1

2011-03-18T08:33:00.000-05:00

If you are looking to make sense of today's market action you need look no further than this link.

G7 meeting

During G7 and now G20 meetings anything can happen and once again it shows that is truer than true. All of the governments have to save Japan because their currency has been RISING! But wait, wait a minute...

Japan, a country hit with a massive sunami. Who has a nuclear reactor that's about ready to turn into a new star, and yet, through it all, the Japanese yen has been rising against most all major currencies.

Now they come out with an edit for all to see they all of the governments are joining forces to bring the Yen Down. That's right. They said down didn't they. You have to help me cause my currency is becoming more valuable not less valuable.

Why does it smell to me like the other currencies must be in trouble because it seems that the yen is a major prop to keep the rest standing. I mean, to you just accept information that these people give you. Cause if you do then you know whom I'm talking about when I use the word SHEEPLE...

But wow! They not only tell you every government will be buying Jpy but even what times they will begin buying and end buying. They are telling you this cause they are your friends right? You know this from all the times before that they helped you make money right? LOL...

Okay, now that you know what's up. And you do know what's up because THEY have told you right? That's how you always know right? That's why you've been making all that money cause THEY told you how...

You already know that the currency markets are too big for manipulation cause THEY who manipulate it keeps telling you that. And you keep basing your trading mindset off of what THEY SAY! I know because someone tells me every day how I'm full of do-do cause the markets are too big to manipulate....

Let's say I agree with you if only to illustrate a point. What if the markets are too big to manipulate? Here is the point...YOU ARE NOT TOO BIG TO MANIPULATE.

You meaning Joe public. The retail trader. And I yet again will prove my cause here right on the charts while those who want to argue the point will stick with what they say.

Now, for a little market forensics...When the report came out all markets blew up against the yen and and other market followed due to the correlation effect. Now, when governments and large institutions are buying and selling they have market makers do it for them. So, of course we will be able to look at our charts, say 1hr charts, and see nothing but large blue bars on our MFI to show they were pushing prices up.

BUT YOU DON'T SEE THAT DO YOU...? What do you see...?

I don't see massive participation from the big fellas. No more than usual. In fact, the only place I see heavy participation from the usual suspects is in the eurusd. Hmmm, so who are we really trying to help here.

With all that being said, if you were using my LCM unplugged entry last night you are very fat this morning and should be out getting some spring air.

When I look out at the horizon I see ships...

On today's like today, when they tell you they are manipulating the market can we say that it's safe to trade today? Is the market predictable today? I'm not saying you shouldn't trade today but I am saying that some days are better served for study than for trading.

Cheers, Jerry

MARKET UPDATE 1

2011-03-17T11:31:00.000-05:00

Hello

I've been busy setting up some things related to getting the trade alerts out and 1 on 1 sessions with students.

So, I haven't had time to update today.

If you received a twitter invite from me today it is for the purpose of sending out the trade alerts.
I know it's an extra hoop for you to jump through but I can no longer trust sending the alerts through certain channels and I don't want to elaborate. It is what it is...

Cheers, Jerry

jerry@forextradingmajic.com

jerryjstew@yahoo.com

MARKET UPDATE 2

2011-03-16T13:49:00.000-05:00

Hello

Both short trades I advised you about in update 1 today have hit next support. Anyone short should be out now because, well, it's time for a counter trend bounce off of 4r and daily support hr support.

Eurusd moved about 80 pips from the bear pivot and Gbpusd moved 80 pips from the pivot point. I told you that short trades were in order right? I told you to enter short when the 15 or 5 minute bar breaks or closed below a green bar it was time to enter right? Now I'm telling you to get out right?

But no trade alerts..hmmm..

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

MARKET UPDATE 1

2011-03-16T09:59:00.000-05:00

CLICK LINK FOR VIDEO UPDATE

MARKET UPDATE

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

MARKET UPDATE 6

2011-03-15T12:18:00.000-05:00

Okay, I'm having problems getting the next video out so, this will be my last update for today. I'm too tired to keep fighting today.

I will be addressing the Trade alerts and the MT4i account in the newsletter that you will receive tonight...

One Love to Mankind. Jerry

Jerry@forextradingmajic.com

jerryjstew@yahoo.com

MARKET UPDATE 5

2011-03-15T11:51:00.000-05:00

CLICK LINK FOR VIDEO UPDATE

GBPUSE & USDCAD UPDATE

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

MARKET UPDATE 4

2011-03-15T11:07:00.000-05:00

CLICK LINK FOR VIDEO UPDATE

EURUSD UPDATE

ONE LOVE, JERRY

JERRY,FOREXTRADINGMAJIC.COM

JERRYJSTEWYAHOO.COM

MARKET UPDATE 3

2011-03-15T10:39:00.000-05:00

CLICK LINK FOR VIDEO UPDATE

GBPUSD UPDATE 11:15 AM EST

The professionals are not yet supporting the current up move off of a 1 hr lcm breakin signal.

Cheers, and Love, Jerry

Jerry@forextradingmajic.com

MARKET UPDATE 2

2011-03-15T09:12:00.000-05:00

Hello

As it stands right now the markets are too far extended to consider a trade at the moment. Most of the pairs made serious overnight moves and by the U.S. open the markets had moved so far and are so close to their respective support and resistance that counter trend moves should be expected. Yes we can profit from counter trend moves but counter trend trades are much more risky.

However if I spot opportunities counter trend I will let you know...

One love, Jerry

Jerry@forextradingmajic.com

MARKET UPDATE 1

2011-03-15T05:22:00.000-05:00

Hello

Sorry I've been light on the updates over the last week. I found out that my mother is very, very ill and kept it from me. I think I am over the initial shock and can pick back up to a pace which is a little more frequent. So please bear with me.

One love

Jerry@forextradingmajic.com

jerryjstew@yahoo.com

MARKET UPDATE 2

2011-03-09T10:55:00.000-05:00

Hello

I want you to pay attention to the levels of the trade alerts so that you may notice how, wherever we have an entry, that entry level suddenly turns into support if we are short and resistance if we are long. Even if there is no prior support or resistance in those areas. This is an effect of schooling. Schooling is when all the fish jump in the water at the same location to create what killer whales call, "A bait ball." Protecting positions intraday helps combat this.

When multiple traders enter at a particular price it;s like dumping chum ( shark bait ) into the water. This is to shake out and eliminate those who have their stops at intraday support and resistance levels.

If you are capitalized the way that I suggested when trading the daily ranges there is no need to panick. Just know that the trade alert positions will be attacked vigorously to see if you will panick.

If you are going to panick, panick while the trade is in profitable territory while protecting profits.

Right now I'm just exhausted from working on that email problem with the alerts so, I'm just going to start protecting positions intraday anyway. For now you will have to go to the mt4i site I gave you in the trade alert list on Monday and watch for any changes I may make to the pair you are following.

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

MARKET UPDATE 1

2011-03-09T10:39:00.001-05:00

I've been quiet on the updates so far this week because I've been focusing on the trade alerts. The alerts so far this week have been based on the daily Lcm unplugged signals. The idea is that once the position is in profit based on the daily entry, I would like to protect the positions from an intraday perspective once the trade is in profitable territory.

However, the tecno gremlins are at my throat and the alert system is not functioning. In addition to the mt4i site where you can see a copy of the trades in real time ( 1 minute delay ) whenever I place an order, the system is also supposed to send you an email alert whenever I execute an order. So, far this week it has not worked and I've been spending most of my time frantically trying to get it to work.

So, since I can't get the trade adjustments out to you via email the way it's supposed to work I have been having to let the daily stops and targets ride.

This weeks trade alerts have been based on momentum only and thus, the positions first show a profit of 30 to 50 pips before a pullback reaction takes place. This intraday reaction is where we want to look to protect our position on the 4 hr or 1hr bases.

Also, I am sending out all signals regardless of filters such as indicators and trend. That means the trades are not indicative of my actual account trading because I generally balance my portfolio. I do not care how many pips I make on any single trade I am looking at the cumulative.

For example, if your goal is 50 pips per day and you are in 5 positions, why not exit all trades once the cumulative pip total is 50. That's just one way to play it.

I am giving signals on most of the pairs because everyone has different pairs they feel comfortable trading and Lcm in not a one pair pony.

Bear with me, I'm working on that email problem but it appears to be a network problem or should I say, those within the network.

Cheers, Jerry

jerry@forextradingmajic.com

Jerryjstew@yahoo.com

MARKET UPDATE 2

2011-03-07T12:40:00.000-05:00

QUESTIONS AND ANSWERS: TRADE ALERTS:

I would like to know is necessary to trade all the currency you had sent to have a good results, or if i trade some of them is enough. I am asking it for you because you have alot of experience and to hear it from you can give me confidence.

key is called: Right Side Trading

Now way do you have to trade them all and I don't suggest that you do. What you want to do is disversify between the majors, USD, GBP, EUR, JPY.

Concentrate on right side trading. If you have one position for each of those you will be diversified. When I say right side trading I mean you want the pairs above to be on the right side of the price quote. For example, eur/usd ( usd is on the right side of the quote and eur the left side. But for the pair usd/jpy, the dollar is on the left side and the jpy is on the right side. If you have at least one position on the right side for each of the big 4 pairs you will be diversied.

If not you will end up with too many positions in one currency. you don't want to be long the Gbp/usd and the Eur/usd at the same time because the usd is on the right side of both of these currency quotes. That means you have doubled your risk in the usd.

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

MARKET UPDATE 1

2011-03-06T16:55:00.001-05:00

I am expecting gap opens in most of the pairs today at Sunday's open. I feel that price on the majors was artificially kept in check due to lack of participation from retail traders. They are all still positioned from Thursday ( greed ), and not a whole lot on the sidelines left waiting to buy the market up. The market needs some profit taking in order to breath. Friday's action was equivalent to the market holding it's breath. You can only hold your breath for so long and something has to give, and it's usually a burst of an exhale. First you must exhale before you can inhale more air.

On a more material level, the herd needs to be spooked into action. They are sitting fat from all that grass they ate on Thursday. If I'm a predator it's prime time. Attack'em while they are full, fat, and slow. That's just my theory based on natural or which, humans simply are involved in the execution of the natural law on an unconscious level. Cause we are the market. We must breath to survive and so must the market.

Now you know why I expect gaps. To release pressure which has been artificially built up BY PINCHING THE HOSE.

Not saying it has to happen but, the stage is set...

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

MARKET UPDATE 4

2011-03-04T10:08:00.000-05:00

Now, I want you guys to understand something. Normally I don't focus so much on what the pros are doing.

But weeks like this when there is a lot of major news coming out I know that manipulation rules the day because the pros are much more liquid. Meaning that they have a lot more large commercial orders to fill. Both on the long and the short side. It;s just a matter of WHEN THEY DECIDE TO FILL THE ORDER...that allows them to control the market for calculated periods.

I mean they will have orders 100 pips above the market and orders 100 pips below the market. Large orders that they scale into. If I buy 1000 contracts I don't care if I get a bad deal on 1 contract if the market maker is working for my account. I'm looking at the average price I get. Am I making sense?

When the market is normal they need to be accounted for but not necessarily focused upon because, they are in on certain signals also. But major news causes money to flood into their greedy little hands by virtue of the large amount of new money they suddenly get to manage.

So, don't get me wrong, they are not market gods. Just, don't get caught bird watching in lion country.

The best way to get a feel for the news game is to gain experience by playing with 1/10th of your normal contract size. You know, like tossing a small pebble into a body of water to figure out how deep it is and watching the ripples.

CHEER, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM