May 9, 2009

Forex Trading Updates And New Forex Video

100_12002Hello Everyone,

Most of this past week was spent  in consolidation with little momentum off of the market levels.  There were some moves but nothing like the ones we have seen over the past few weeks where 200 plus pips moves were common.  When you've had a 900 pip move like we did in the GBP/JPY recently everything else seems like watching paint drying.  Oh well that is part of trading and…  When things are more slow, it takes an extra dose of patience and self discipline.  Anyway…  Lets look at a video…

video2

To watch video highlights of trades from last week, simply click here:

Please note that the video could take a few minutes to play depending on you internet conection speed. If you are still having trouble please go to www.adobe.com and install the latest vesrion of their "Flash Player".

Until next week, peace and prosperity,

Jeff Wilde

Key Market Reversal Levels for May 10 - May 15
 

GBP/USD

EUR/USD

USD/JPY

GBP/JPY

USD/CHF
Turning Point Down #3 1.5828 1.4346 104.97 162.13 1.1755
Turning Point Down #2 1.5568 1.4000 102.93 157.85 1.1500
Turning Point Down #1 1.5381 1.3746 100.90 151.96 1.1255
 
Turning Point Up #1 1.5057 1.3398 97.55 146.92 1.1038
Turning Point Up #2 1.4785 1.3095 95.61 145.00 1.0862
Turning Point Up #3 1.4507 1.2870 94.06 139.89 1.0570
           
Intermediate Trend
Direction		 Up Up Down Up Down
Major Trend Direction Down Down Up Down Up
 
Comments          

***VERY IMPORTANT:  If you are new to our forex market forecast service I urge you to get up to speed on how to get the most out of it.      This will also explain what the abbreviations I use mean. To get all the details click this link:

Here is a video that will teach you how to get the most out of this newsletter. TO VIEW CLICK HERE:

This issue sponsored by "The Black Dog System" - 75% winners for the past 8 months without any hype, fanfare or drama. To read more click here…

Filed under Blog, Forex Newsletter by Jeffrey Wilde

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