February 7, 2010
Forex reversal setups explained…
Hello Everyone,
This past week had another handful of great opportunites off of my forex market reversal levels. There was well over 300 pips of opportunity. I made a video that highlighted some of the trades and how you could have taken them.
Listen… This is easy stuff once you understand it, so don't try to complicate things by adding more indicators to it. It will only make it tougher to pull the trigger due to paralysis analysis.
Oh. almost forgot… The past week was an example of why you can't get mislead by the "Doomsday Brigade". They are the people that tell you all the reasons why the US dollar is dead. Maybe their agument is logical but in the here and now the market can move hundreds and hundreds of pips against the direction they forecasted.
The bottom-line is…
TRADE WHAT YOU SEE - NOT WHAT YOU BELIEVE!!!
VIDEO OF THE WEEK:
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
Looking for a no-nonsense strategy that doesn't take years to master and that actually works as promised?
If you don't already own this one, then I would highly reccommend that you check it out as 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…
|
Key Market Reversal Levels for |
|||||
|
GBP/USD |
EUR/USD |
USD/JPY |
GBP/JPY |
EUR/JPY |
|
| Turning Point Down #3 | 1.6253 | 1.42.11 | 92.61 | 146.75 | 128.73 |
| Turning Point Down #2 | 1.6050 | 1.4028 | 91.33 | 143.61 | 126.29 |
| Turning Point Down #1 | 1.5767 | 1.3750 | 90.00 | 141.42 | 123.50 |
| Turning Point Up #1 | 1.5500 | 1.3548 | 88.18 | 137.50 | 120.00 |
| Turning Point Up #2 | 1.5333 | 1.3378 | 86.71 | 135.22 | 117.55 |
| Turning Point Up #3 | 1.5122 | 1.3221 | 85.22 | 132.47 | 115.00 |
| Intermediate Trend Direction |
Down | Down | Up | Down | Down |
| Major Trend Direction | Down | Down | Down | Down | Down |
| 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: |
|||||
Filed under Blog by Jeffrey Wilde


Leave a Comment