WHO SAYS THE NEWS IS NOT PREDICTABLE

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

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

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

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

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 )

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

'Okay I was finally able to get the videos uploaded.  Im 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

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

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

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

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

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

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

CLICK LINK BELOW FOR VIDEO UPDATE

USDJPY & USDCAD

CHEERS, JERRY

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

CLICK LINK BELOW FOR VIDEO UPDATE

USDCHF & AUDUSD

CHEERS, JERRY

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

CLICK LINKS BELOW FOR VIDEO UPDATE

EURUSD & GBPUSD

CHEERS, JERRY

WEEKLY SUPPORT RESISTANCE FOR THE MAJORS

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

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

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

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

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

CLICK LINK BELOW FOR VIDEO UPDATE

USDCHF & USDJPY

CHEERS,JERRY

USDCAD (CONT.) & USDCHF

CLICK LINK BELOW FOR VIDEO UPDATE...

USDCAD & USDCHF

CHEERS, JERRY

AUDUSD & USDCAD

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

CLICK BELOW LINK FOR MARKET UPDATE

EURUSD & GBPUSD

CHEERS, JERRY

GBPUSD TUE JUL 19 9:30 PM EST

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

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

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

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

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

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

CLICK PAIR FOR VIDEO UPDATE

EURUSD  PART 2

CHEERS, JERRY

EURUSD UPDATE 9:12 AM JUL 13 2011

CLICK PAIR FOR VIDEO UPDATE

EURUSD

CHEER,JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

MARKET UPDATE WED JUNE 13

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

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

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AUDUSD

CHEERS, JERRY

EURUSD 11:00 AM EST TUE JUL 12 2011

CLICK FOR VIDEO UPDATE

EURUSD      ( BE CAREFUL...COUNTERTREND )

CHEERS, JERRY

AUDUSD 10:51 AM TUE JUL 12

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AUDUSD

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

NZDUSD 10:35 AM JUL 12 2011

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NZDUSD

CHEERS, JERRY

GBPUSD 10 AM EST JUL 12 2011

CLICK FOR VIDEO ANALYSIS

GBPUSD


CHEERS, jERRY

Market update jul 12 2011

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

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

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

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

 CLICK PAIR FOR VIDEO UPDATE
USDCAD

CHEERS, JERRY

JERRYJSTEW@YAHOO.COM

JERRY@FOREXTRADINGMAJIC.COM

EURUSD THUR JUL 7 2011 9:15 AM EST

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EURUSD

JERRYJSTEW@FOREXTRADINGMAJIC.COM

JERRY@FOREXTRADINGMAJIC.COM

EURUSD THUR. JUL 7 2011

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

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

EURUSD

GBPUSD 

EURJPY 

GBPCHF 

CHFJPY 

NZDUSD 

EURGBP

JERRYJSTEW@YAHOO.COM
JERRY@FOREXTRADINGMAJIC.COM

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

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...