UPDAT 1

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

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

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

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

TRADE HISTORY THUR APR 14  2011

CHEERS, JERRY

MARKET UPDATE 1

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

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

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

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

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

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

Hi

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