Friday, July 22, 2011
Tuesday, July 19, 2011
GBPUSD TUE JUL 19 9:30 PM EST
HOW TO DETERMINE WHICH TIME FRAME TO ENTER FROM
CHEERS , JERRY
JERRYJSTEW@YAHOO.COM
JERRY@FOREXTRADINGMAJIC.COM
Monday, July 18, 2011
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...
Sunday, July 17, 2011
LAST 25 TRADES ON ZULUTRADE
Click the link below to see performance of last 25 live trades on zulutrade
EURUSD BACKTEST MAY/JUNE 2011
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 )
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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
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