September 5, 2009
Your Forex Questions Answered
Hello Everyone,
Each week I receive 100's of questions on a huge variety of topics. With that in mind I'm going to make an effort to share more of them with all of you on this blog. To get a list of recent questions click here now…
I just made a new video that will highlight several buy setup trades you could have taken on either a 30 or 60 minute chart for the EUR?USD over the past trading week. Some of these trades moved almost 200 pips.
Granted that unless you have a crystal ball you'll never catch all of a move but… I always strive to catch 30% - 60% of a move and… Sometimes I just get lucky and catch way more than that but, REMEMBER… You don't need to catch the exact top or bottom of a move to get rich, instead just look to grab a nice piece of a move and then look for another opportunity.
To watch the video 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".
Hope this gives you some food for thought….
Until next week, peace and prosperity,
Jeff Wilde
***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:
***My highest reccomendation… Over the past 6 years I have only personally endorsed 1 forex program. If you don't already own this one, then I would highly reccommend that you check it out a.s.a.p. I have had many unsolicited thank you letters for mentioning this program. It is a must have in every traders "Bag Of Tricks", Anyway… To read more click here…
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Key Market Reversal Levels for Sep 7 - Sep 11 |
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GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.6950 | 1.5000 | 96.48 | 157.37 | 136.72 |
| Turning Point Down #2 | 1.6675 | 1.4675 | 95.11 | 155.00 | 135.30 |
| Turning Point Down #1 | 1.6500 | 1.4444 | 94.00 | 153.67 | 133.86 |
| Turning Point Up #1 | 1.6232 | 1.4166 | 92.21 | 150.62 | 131.44 |
| Turning Point Up #2 | 1.6106 | 1.3961 | 91.00 | 149.00 | 130.00 |
| Turning Point Up #3 | 1.6000 | 1.3737 | 90.11 | 147.11 | 128.50 |
| Intermediate Trend Direction |
Down | Up | Down | Down | Down |
| Major Trend Direction | Up | Up | Down | Up | Up |
| Comments | |||||
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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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Filed under Blog by Jeffrey Wilde
Comments on Your Forex Questions Answered »
I just received this email:
Jeff, I am not sure if you will get this email or not, but I wanted to say
thanks!!!
I just signed up last week and I saw your reversal on E/U @ the 1.4191. It
was looking like a good reversal trade and seeing your reversal level
holding gave me the extra confidence to take the trade for 66 pips. Thanks.
I also saw a re-test of that same level and took another buy trade for
73 pips. Thanks Charlie, B
Hi Jeff, I just wanted to thank you for your work with your key levels and drop you a note about a recent trade. On Tuesday I was watching GBP/USD and your resistance #1 level of 1.6500. Price made a fast and significant break of this level, so I then began to view this level as support. Hours later price pulled back right to 1.6500 and bounced back up. Later when price again bounced off 1.6500 and I had a confirmed inside bar on the 15 min chart I went long at 1.6512. It tok a couple hours but the trade hit a high point of +50 pips before starting to pullback, at which time I exited at 1.6545 for a 33 pip winner. My analysis was correct to exit this trade with profit as price pulled back past my entry and was basically sideways for the next day or so. I have had many other very good trades with your levels but I thought I would mention just one. Thanks again for your work every week in helping traders see the importance of major support and resistance levels in trading, as I believe these levels are much more important than any indicators. Keep up the good work. Thanks, Kyle
I have learned alot from your many tests and I thank you for them, however I think I could learn lots more if you had a smaller shot pattern and I knew where you are heading.
Cheers,