FOREXTRADINGMAJIC.COM

Friday, January 28, 2011

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

Tuesday, January 25, 2011

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