October 10, 2009
New Forex Market Reversal Video
Hello Everyone,
A couple of weeks ago 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!"
I still have that opinion, but am a bit perplexed as the EUR/USD is still really strong. Normally the GBP/USD and the EUR/USD follow each other. Anyway…
We had a text book sell trade last week and below you will see a video that highlights it.
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.
Speaking of comments, I received this on Friday.
Hi Jeff,
Just a quick note as i have mentioned in earlier mail I am new at all this but using your reversal signals and trying to get a grip on understanding the charts i have managed to pick up 800 od pips on the GBP/JPY this week with another trade still running on the same pair in the area of 900 pips.As well as a couple of small losses. Starting to see the light. Many thanks for your help.
Regards Mark.
ps: still using demo accounts but aim to go live soon.
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 | 1.6313 | 1.5150 | 92.50 | 150.00 | 136.16 |
| Turning Point Down #2 | 1.6147 | 1.5000 | 91.62 | 147.56 | 133.96 |
| Turning Point Down #1 | 1.6000 | 1.4850 | 90.25 | 144.00 | 132.71 |
| Turning Point Up #1 | 1.5758 | 1.4609 | 88.63 | 140.69 | 130.00 |
| Turning Point Up #2 | 1.5619 | 1.4447 | 87.50 | 137.89 | 127.95 |
| Turning Point Up #3 | 1.5369 | 1.4285 | 86.25 | 135.00 | 125.00 |
| 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 Blog, Forex Newsletter by Jeffrey Wilde
Comments on New Forex Market Reversal Video »
Hi. Unlike Mark I did not pick up hundreds of Pips But a more realistic number of 78 pips. And perhaps saved another 50 pips of potential loss by getting out at these levels.
Keep up the good work Jeff,
Jeff,
I use your reversal levels every week and always look forward to watching your weekly re-cap video. Thank you so much for your time and dedication to sharing with other traders.
Best regards…
Hey Jeff,
Got your program and also signed up for the Tiger Woods thing. Is this a webinar? If so, when is it? I got a couple of good moves and used you levels. But lost another time when I thought it was bouncing off of your line and then reversed the other way. Seems like there should be some rule so that you know how far above or below the line is enough. I know this is a judgment call, but I have gotten hit a couple of times. The other thing is that I feel pretty naked without and pivots or support and resistance. I'm used to having more on my charts so I feel a little disoriented, like I am in the middle of the desert without signposts. The other thing is that when there is a strong uptick, or downward move, there may not be any inside bar. Anyway, I am committed to learning this. I would still like to buy you coffee one day. I am at the same point you were with chiropractic, except I have been in commercial real estate down here in OC for long time and I just don't really want to gear up for another cycle (if it ever happens!) and would just as soon trade. I would also like to look at stocks snd futures and other things. I had an analyst at work who traded S&P futures and ran up $50k to $800k over about 4 years, while he was running spreadsheets for me! So I know it can be done, but frankly, I see so much garbage on the internet, I wonder if I am cut out to be one of those who can trade well enough to actually make a real living at it. Seems there are lots of guys on the internet making EAs and trading dime lots, and get excited when they make $500 a month. But unfortunately, I need more than just a hobby. I need to make a real living.
Anyway, thanks for what you do. One of the few guys, in fact maybe the only guy, who I trust that is part of the forex trading mess on the internet. If you get a moment for coffee, love to come up . And just to calm your nerves, I'm not some type of stalker!
Best,
Scott Meseck
Hi Jeff,
Your revers levels is exelent.
I take long on GBPUSD this week for 200pips.
My trade: Long @ 1.5780 and exit @ 1.5980.
http://farm3.static.flickr.com/2668/4010325643_6a022a7bb9_o.png
Now I waiting for short if I get confirmation.
ValTrg