Tuesday, July 26, 2011
Monday, July 25, 2011
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.
NOTE: ON EURUSD ADD ADDITIONAL LINE AT 1.4357
CHEERS, JERRY
JERRYJSTEW@YAHOO.COM
JERRY@FOREXTRADINGMAJIC.COMMarket 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.
I'll come back a little late with my technical outlook on some of the pairs
Friday, July 22, 2011
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...
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.
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 2011CHEERS, JERRY
JERRYJSTEW@YAHOO.COM
JERRY@FOREXTRADINGMAJIC.COM
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