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