May 23, 2009
The dollar gets pummeled
Hello Everyone,
Well we certainly blasted out of the consolidation we were having earlier in the month as the USD got pummeled this week.
IMPORTANT: Every week I get dozens of requests for me to teach how I'm coming up with my levels. The truth is, that while I do look at things like fibonacci levels, support/resistance levels, swing highs and lows, big psychological market numbers etc… The important thing to remember is that much of what I do is based on my 15+ years in the markets and this has given me a certain feel for the market. And… This is not something that can easily be boiled down into a simple little formula. Over time you will however start to see the 'Method To My Madness' as I do more and more videos.
Anyway… Lets look at a video that goes over some possible trades you could have taken as well as some tips for trading the levels…
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
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Key Market Reversal Levels for May 24 - May 29 |
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|
GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
USD/CHF |
|
| Turning Point Down #3 | 1.6500 | 1.4714 | 102.93 | 160.00 | 1.1441 |
| Turning Point Down #2 | 1.6215 | 1.4427 | 100.00 | 155.52 | 1.1205 |
| Turning Point Down #1 | 1.6000 | 1.4128 | 97.47 | 152.50 | 1.1000 |
| Turning Point Up #1 | 1.5715 | 1.3757 | 93.50 | 146.74 | 1.0683 |
| Turning Point Up #2 | 1.5500 | 1.3496 | 91.51 | 143.29 | 1.0500 |
| Turning Point Up #3 | 1.5262 | 1.3214 | 89.62 | 140.00 | 1.0328 |
| Intermediate Trend Direction |
Up | Up | Down | Up | Down |
| Major Trend Direction | Down | Up | Down | Down | Down |
| Comments | The dollar has been super weak lately so be careful taking any buy trades on the USD/JPY and USD/CHF | ||||
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***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: |
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LOOK: $34,563 PROFIT In only 35 Days With A Starting Capital Of $10,000. To read more, click here…
Filed under Blog, Forex Newsletter by Jeffrey Wilde
