STRONG BAR VS WEAK BAR

 Hello

I've had a nasty virus the last couple of days and haven't been able to do much at all. I'm up but not 100%.  Watch these videos while I get myself together.  The support and resistance charts I left you with on Tuesday have performed like they always do.  spectacular.

Whenever you get a signal, no matter what type of signal it is, your first confirmation for a long is, was the last bar strong in addition to giving you a buy signal.  Was the last bar weak in addition to giving you a short signal.  If you want to avoid getting whipsawed by false signals I suggest that you study these videos and there is a huge difference between studying my videos and watching them.

For my 1 on 1 students I haven't been able to do any 1 on 1 sessions this week but I will contact you and set up something for the weekend for those whom will be available.

Strong bar vs Weak bar 1/2
 
Strong bar vs weak bar 2/2

CHEERS, JERRY

STOP HUNTING SESSION

Okay it's stop hunting time.  I generally avoid trading from 2:00 pm est until 2:00 am est.  The times in between are usually low volume setups to run the retail stops.

By the way, the gbpusd is currently pulling back to test the 4hr bull pivot point. 5772 is the 4hr pivot point. If I traded during these times I would be looking for a bullish pivot reversal on the 15 or 30 min chart up/off this level before considering a long entry on the 4hr reaction/test/pullback.  

UNLESS THERE IS A MAJOR NEWS ANNOUNCEMENT DURING THE USUAL STOP HUNTING TIMES...

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

GBPUSD 1 OCLOCK UPDATE - CONTINUED

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

GBPUSD 1 OCLOCK UPDATE

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

GBPUSD EXAMPLE

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

WHY USE DAILY SUP/RES EVEN IF YOU'RE TRADING INTRA-DAY

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

NATURAL SUPPORT RESISTANCE LEVELS

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

SUPPORT/RESISTANCE CHARTS

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

NATURAL SUP/RES LEVELS

CHEER, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

How To use Time Frames

Click link below for free video lesson.

Hello

My hands were full yesterday with my latest weird system crash.  Thus I'm a tad behind. I've lost several hours of new training videos put together over the last week but managed to salvage this one. The audio is not what I would like but there are days like the last few where nothing is allowed to get out...

I just want my students whom have requested that I put together certain information on topics of trading importance, to know that yes, I've been working on those presentations, and yes I will have to do them again so, a couple of more days for your help with trend and pattern confirmation.

Hmmm...I don't have these problems unless I'm messing with you retail traders.  Maybe I should just leave the little guy alone and....Yeah Right...

There are times when we ourselves don't even know why we take or continue a certain course of action that seems like it makes no sense, unless you are one who knows...

IT'S THE POWER OF GOD THAT COMPELS US!!!

I say, FRAK THE MACHINE..."HUMANS WIN"...

DROP DOWN CHART ANALYSIS 

One Love, Jerry

jerry@forextradingmajic.com

jerryjstew@yahoo.com

USD/CHF UPDATE 2

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

USD/CHF DOUBLE TOP ( INTRA-DAY ) OFF DAILY PIVOT

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

USD/CHF WHEN IS A PIVOT SIGNAL TERMINATED?

USD/CHF DAILY SIGNAL VS 4HR SIGNAL

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

MARKET UPDATE 10:30 AM EST

Hello

Click the links below for excerpt of the live trading session this morning. We had to stop 1hr early due to my system crashing exactly when I'm giving the short signal off the 15 min on the usd/chf.  15 min bear reversal bar off of the daily pivot point at 0.9659.  we just closed the last hr bar with a bear pivot below the pivot point.  look to get in short on a pullback to the pivot point.

After a pullback to the pivot point:
Then drop to your 15 and/or 5 minute chart and look for a bear reversal bar after the pullback touches the daily pivot point at 0.9659 to enter short in the direction of current daily momentum as evidenced by the daily bear pivot.

If no1HR REACTION/PULLBACK ENTTY is signaled before 11:00 am est then we will cancel the trade bias FOR THE 1HR AND THE ABOVE ENTRY TECHNIQUE BECOMES NECESSARY RATHER THAN AN OPTION because the reaction phase of the signal is over and a potential reversal phase would be set up.  In other words, a risk of a potential reversal would be increased.


update 8:32 am est

update 9:20am est

update 10:am est

Cheers, Jerry

forextradingmajic.com

jerryjstew@yahoo.com

TRADING ROOM CANCELED FOR TODAY

Hello

Unfortunately I have to cancel the scheduled 5:00 am today.  My trading platforms are going down constantly the last 2 hours and I'm not feeling confident that all will be in order for me to teach.  I have several platforms that I use for teaching.  Somehow 2 of them have disappeared from my computer and the 2 that I still have are mysteriously missing all of my trendwalker indicators.  Did you hear what I said?  I said that my Trendwalker indicators ( and only the Trendwalker indicators ) have disappeared with surgical precision. My world has become surreal...If I could tell you...Naa, never mind.

So, I have to go to my backups and reinstall all of the indicators.  This happened on Sunday and now again today.  Obviously I won't be finished in time for the trading room in a couple of hours. If I can get things going correctly I will post to the blog and try to get you in on some action with me sometime today.

As far as trading is concerned, today is a day that we have to be very careful of news announcements. If you go to http://www.forexfactory.com  you will notice a boatload of high impact new scheduled for today.  That means operators will be in full control today because markets move on news.  Today they have the deck stacked for heavy volatility.  While this means potentially large and quick moves, it also means that the moves can be pinballed against each other causing whipsaws to retail traders. Wait at least 30 minutes after the u.s. Unemployment claims before you make a move today.  And if you have already made a move, you either want to be out when the news comes out or sitting in front of your computer to monitor your positions with a hair trigger.

As usual, I'm not saying my projection has to occur but 20 years of experience tells me that when the news is stacked with high impact news, and some of that news means talking heads, like

Fed Chairman Bernanke Speaks at 1:00 pm just in case too many retailers catch the potentially big moves from the new, old Ben can be there to say just the right thing to cause a quick reversal and well, I smell retail ass burning... Now I'm not telling you to be afraid cause fear is the mind killer. I'm saying, Be quick or be dead...

Pay attention to your mfi indicator and notice that the markets that had no retail participation did not move at all during the Asian session and, any that did got reversed as usual.  

Stay on track, Majic's got your back...

Cheers, and one love, Jerry

jerry@forextradingmajic.com

jerryjstew@yahoo.com

LIVE TRADING SCHEDULE

CLICK LINK BELOW FOR THIS WEEK'S LIVE TRADING ROOM SCHEDULE...

LIVE TRADINGROOM SCHEDULE

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

EURUSD UPDATE 7:00 AM EST

CLICK LINK BELOW FOR EUR/USD UPDATE


EURUSD UPDATE 7 AM

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

UPDATE

Hi

I've been a little slow the last 2 days with a little stomach flu caught from the grand kids. 

But here is the thing that's cramping me at the moment.  The plan was to start the regular trading room this week but I've been having to scramble at the last minute to find a new screensharing host that will fit what I need.

I was using DimDim.com as most of you know.  Well they were just bought out this week by salesforce.com and I am setting up someone else.

Trades:

For those on the trade alert list I executed 4 trades in Gbp/usd on a scale in play based on the daily and 4hr chart.  3 trades closed profitable and one still open. If you have been following the trades you must wonder why I would stay in that trade.  First the 3 profitable trades provide cushion for the longer term trade.  When I enter a trade it is more like a military campaign.  I may make multiple trades in the same pair but each trade may have a different signal and/or time frame. But I don't want to get too complicated but when you do this you are looking at the profit or loss of the total of the trades in that one pair.  In this case the campaign consisted of 3 smaller time frame signal and 1 longer time frame signal.  What is the rule that says you must take the same approach on every trade made on a particular pair....

Well, the 4hr trend was never broken.  The market tested trend support to the very last pip.  I did not want to go into the details of the trade until I closed out or the end of the week.  I will be sending out video on the trade so that you can see how I judged the trend on this one.  Judging the trend on this one was very tricky unless you have lots of experience with judging the trend.  Since this one lasted longer term I did not want to tip my hand.  Trend support is 1.5433.  We never got a close below that level so, even though the 1hr trend was down, as I said in the trade video this is a daily/4hr trade and as such, 24 to 72 hours is typical for trade resolution and the range of stop 75 to 150 pips...

If you haven't noticed I will call a trade and then talk you through the rational of the trade while the trade is still live and I do it publically many times.  Now consider that this is like a football coach calling a play, then putting the play up on the internet for everyone to see before running the play.  Do you think the other team could be tipped off to the play and set defenses against it....

Anyway, I will post the trading room details over the weekend.  the schedule will be 3 live sessions per week per posted schedule.

Cheers, Jerry

forextradingmajic.com

jerryjstew@yahoo.com

GBPUSD7:00 AM UPDATE

CLICK LINK BELOW FOR VIDEO UPDATE

GBPUSD 7:00 AM UPDATE

CHEER, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

GBPUSD 6:31 AM UPDATE

CLICK LINK BELOW FOR VIDEO UPDATE

GBPUSD UPDATE 6:31 AM

CHEERS, JERRY

JERRY@FOREXTRADINGMAJIC.COM

JERRYJSTEW@YAHOO.COM

BLOG POSTINGS

Hi 

I hope you enjoy the videos today.  The entire series is only available to registered 1 on 1 students.  I'm not feeling 100% today and I have been forcing it and now I'm feeling it.  This will be my last post for today but you should check back here at least a couple of times during the day.  As now that the new year has started and we now have true volume back in the market I will frequently be holding live trading rooms and making more trade calls.

The invitations for my events will be posted here so if you're not checking here you won't get it and if you are not checking here and email me to ask me for something posted here I will not respond.  Right now I have too much to do and not enough time to do it in so, either you are up for the info and will check here or you are not...

Cheers and one Love

Jerry

15 MINUTE DAILY CYCLE TRADE

CLICK LINKS FOR VIDEOS

PART 9
PART 9 15 MIN DAILY CYCLE TRADE

PART 10
PART 10 - 15 MIN DAILY CYCLE TRADE

PART 11
PART 11 15 MIN DAILY CYCLE TRADE

CHEERS, JERRY