September 26, 2009
700 pips on the GPB/JPY
Hello Everyone,
Last weekend I stated this…
"The British Pound is really starting to show some weakness and I am anticipating a lot more down side movement. So if you are looking to be a buyer be extra careful!"
Here we are a week later and you can see the GBP showed a lot of weakness. Did I have a crystal ball to predict this selloff? (Wish I did!) No, the fact is I just did my analysis and there were many clues screaming out to me that there was weakness in the GBP/USD. Anyway…
This past week had some huge text book trades and there was near 700 pips for the taking in one currency pair. The trades are highlighted in a video below. Please leave your comments on how you are doing with my weekly levels. There is a comment link just below the table with the market reversal levels.
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 |
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GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
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| Turning Point Down #3 | 1.65.75 | 1.5250 | 94.15 | 151.87 | 136.97 |
| Turning Point Down #2 | 1.63.79 | 1.5000 | 92.45 | 148.95 | 135.31 |
| Turning Point Down #1 | 1.6139 | 1.4810 | 91.03 | 145.97 | 133.55 |
| Turning Point Up #1 | 1.5843 | 1.4556 | 89.00 | 141.15 | 131.79 |
| Turning Point Up #2 | 1.5619 | 1.4402 | 87.66 | 137.89 | 129.66 |
| Turning Point Up #3 | 1.5370 | 1.4220 | 86.25 | 135.00 | 127.09 |
| Intermediate Trend Direction |
Down | Up | Down | Down | Up |
| Major Trend Direction | Up | Up | Down | Down | 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 Forex Newsletter by Jeffrey Wilde
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Comments on 700 pips on the GPB/JPY »
Hi Jeff,
I'd like to let you know that I look at your blogsite often and, even though I'm not very active in the Forex Markets, I really like to get your Key Reversal levels. I hope that you will continue doing this for a long time to come.
Cheers and keep up the good work,
Mike.
I am still grappling with trading the levels. Please keep publishing your levels.
Arthur
Jeff - This is a great service, and the fact you offer it free of charge is very generous. I ended up with around 400 of the 700 pips on offer on the GBPJPY trade, all thanks to your reversal level technique. As well as over 100 pips on the GBPUSD earlier. What a week! Keep up the good work - you have a very appreciative audience!
Hi Jeff
Just to say thanks again for publishing the Reversal Levels. Did well this week using them.
Keep up the good work - much appreciated.
Dave
I am just starting to learn the use of the turning points and trying to break some bad habits at the same time. I am not yet feeling like I have confidence in my ability to recognize the trade setups correctly but I hope you will be continuing to post the levels for some time to come. It's very generous of you to help us out this way. Thank you.
I have just found your site and look forward to seeing how to use your turning points. You mentioned that you have been doing this for three years now and there must be many appreciative traders out there. Glad to have found you…have a great trading week. Thank you.
Hello Jeff,
Please don't even think of discontinuing the work you put out! Yours is probably the only website worth reading with so much valuable input! It is through you that I found out about Dave Atkinson's Black Dog System and I wil forever be thank ful for that! (Did you know he turned 99 on 18 Sep.? - awesome!!!!!!)
Just received this email…
Hi There Jeff
Your resistance for the Euro this week is exceptional. Your confirmation is so handy
It tied to the pip with my Elliot Wave Analysis. I have already taken 200 pips profits and are waiting for the next rise in the current wx correction in anticipation of the ensuing xy sell off to about 1.4577 or lower. see chart
Brilliant…
Good weekend to you
Michael
This email just came in…
Jeff I am new to your blog, I chart your pivot points, but get stopped out by "noise" ( improperly tight stops). I charted the pivot points I was amazed at how accurate they are. I am ready to trade them. And I bought the black dog system, it is great for scalps, but your pivot points capture the big moves!
I am concerned about your comments that you may take the pivot points down. What are new guys like me to do without your help? You have a loyal following I am sure, for I am one of them. I have come to trust your recommendations ( I purchased Black Dog, it is a winner), I follow your pivot points (coming to learn how to trade them.) But it takes time to learn how to use the info wisely, because as I said, I get stopped out, because my stops were too tight for the time frame.
Anyhow, the truth is you are the best I have found. That is no bull, its just the facts. You tell it truthfully and not give us hype, to sell us something useless.
Anyway I am with you and for you, to continue your good work. I hope my purchase of Black Dog tells you, that I back what I say, I take what you advise seriously. I took your highest reco.
You know there are people out here that are your friends, as much as we can be in cyberspace.
Your cyberspace friend,
Randall
Hi Jeff:
Just found your blog and am most impressed. Videos are most educational. Will follow your market level posts and see how they can help my trading. One point in your latest video however…the date you made it was September 26th and not August 26th as you stated. Just wanted to show that I am paying attention.
Roger
Hello Jeff,
Regarding to your last e-mail about traders opting out of your newsletter:
it is THEIR LOSS if they are so ignorant to not to take advantage of your reversal levels. Some traders obviously think that free staff is not worth their attention.
Best regards,
Filip
Hi Jeff,
I always use your TPU & TPD and they are very reliable, truly amazing. I previously spent about 6 months learning to trade with only S&R and price action, using Fib's as confirmation. So I find your videos easy to understand, and am learning more with each one. I was fortunate to learn early on to keep it simple. That is one reason I really love your way of trading.
I hope you keep up the emails as I know they really work. Thanks for all your time and hard work.
P.S. I think the problem some traders have is they don't trust themselves and want a system to show them when to get in and out of a trade. My best friend is like that and I know he's blown probably over 100k. He's still looking and losing, and he's been trading for years. I've only been at it for 16 months. So when people don't pay attention to your style–I think it's fear and the belief that simple is not better.
Grateful,
Kathy
Hi Jeff,
I spoke with you through e-mail some time ago regarding the BlackDog system. Just to let you know I did make the purchase and it is starting to bear fruit after 6 months of studying. I am also looking at your blog for your key support/resistance levels so I hope you will continue it on.
All the best in your trading!
Wei
hi jeff,
i know you keep emphasing that you dont have a crystal ball but i really dont think you could do much better if you had one!
keep up the good work.
kind rgds maurice
First of all I want you to know that I have purchased 2 of your forex trading programs. I have also purchased the Black Dog program. I read you e mails religiously and enjoy your comments. I have not traded the S/R lines that you give us yet live but I have studied them and how price reacts to them each week. One reason I have not committed to them is the very thing that you commented on this week. You might stop doing them. If I put all of my trading time into your S/R lines and you stop giving them then I will have no trading plan until I can figure out how to predict them myself. So far I have not been successful in replicating your S/R pivots on my own. I have tried to use monthly and weekly pivots and they are certainly not as successful as your S/R lines. I hope you keep publishing the pivots but I know that I must find something for myself that is as reliable since you could stop at anytime. Thanks for what you have given out so freely. Tom
Hi Jeff,
I hope you do continue to post these pivot points. I've only been tracking them the last two weeks, and have seen their accuracy and potential.
I just bought your fast profits e-book on Friday, and i am looking forward to putting that into action ASAP - after i have done some back-testing. Your pivots will undoubtedly add extra strength to regular entry signals around these levels.
Thanks for all your assistance,
Regards
Linda
Hi Jeff:
I've tried various methods and your levels are right on. I've spent a lot of time researching various methods and you are the most straight forward no BS guy I have found out there. Thanks again and keep publishing those levels :)
Andy
Discovered you blog last week, so this will be my second week using your reversal levels.
Just wanted to say thank you for all you work! Your blog is really helpful for a someone like me who just started doing forex.
Hey Jeff,
Love your valuable service, please don't ever take it down. I have captured all 1000 pips on the GBP/JPY this last week. I love your trading style and would love to be able to catch some trades with you. What part of the country are you located in.
Don't take it down - great learning experience - I dont know why anyone wouldnt want such a valuable and simple tool. If I may ask - could you discuss in more detail - what to look for (set-ups and stop losses to be set) around those turning points? I too am getting stopped out and missing those huge moves
Thanks Jeff!
Thanks for the article on the USD and thanks for the FX levels.
Hello Jeff,
Mark here in the San Diego, CA area. I was wondering how I can get your FX market reversal levels.
Thanks Jeff.
Mark