Hello Everyone,

To quote a character named "Basher" from one of my favorite movies, "Ocean's Eleven",…

"Hang on to your knickers chaps!"

 Last week, we've seen a meltdown in the US equities markets and a downgrade in the credit rating. A couple of European countries are now frantically scrambing to get their house in order before they begin to implode as well.

On top of that Japan has finally stepped in to sell Yen as they realize without intervention their products are becoming way too expensive to be competitive.

Anway, this week should be a bumpy ride and have extreme volatility.  Volatility is great as it allows us to get into day trades that can produce ove 100 pips.

You just need to be careful as the volatility is a double edged sword that can cut deep and fast if your on the wrong side of the trade.

For this reason make sure you use protective stops and cut your losses the minute things aren't going according to plan.

Also you must avoid at all costs trying to figure out how the markets will play out.  It is a fools game as the markets don't trade on logic and sound analysis but fear and emotions.

For this reason make to trade what you see, not whatyou hope to see!

Anyway lets get right into the forex market reversal levels.

Until next week, peace and prosperity,

Jeff Wilde

Hello Everyone,

Well I'm back from my 2 week vacation in Europe and ready to get trading again.

I can't stress it enough but take some periodic breaks from trading as it will make you more focused and less stressed.  That in turn will boost your profits.

Anyway lets get right into the forex market reversal levels.

Until next week, peace and prosperity,

Jeff Wilde

Hello Everyone,

Just so you don't think that I got abducted by aliens again,I wanted to let you know I'm going to be traveling in Europe for the next 2 weeks so there won't be any market updates until July 31.

Please keep in mind that any level that is not violated within the next 7 days can still be used in the following weeks as well.

Until next week, peace and prosperity,

Jeff Wilde

Hello Everyone,

I've put together a new video that highlights a handful of trading opportunities you could have jumped in last week by using my market reversal levels. The trades were good for a fair amount of pips.

Now granted they were text booksetups and they don't happen all the time but… Don't you owe it to yourself to keep any eye on what I'm offering. The price is certainly right - FREE!

To watch the video click here:

NOTE: If the video doesn't play when you click the link the you will need to save the file to your desktop. From there you can open the file with a media player like Quicktime.

Until next week, peace and prosperity,

Jeff Wilde

Hello Everyone,

As far as my market reversal levels it was a really slow week as most of the pairs I watch were in a fairly small range.

It appears that the Euro and the GBP are starting to show signs of breaking down on the intermediate trend.  Keep in mind  that in the really big picture they are still up.

What this simply means is that if your opening new buy positions in these pairs or any pair that is betting against the Greenback then BE CAREFUL!

A lot of traders ask me how I come up with my levels each week.  Well last summer I taught a 6 week class which taught traders the "Method To My Madness".   Anyway, I recorded these classes and if anyone is interested I'm making them available at a reduced rate.  Just email me for details.

 HOT STOCKS:  One of my passions in trading is penny stocks and small cap stocks. Maybe its because I can feel like a big time trader buying 100,000 shares. Or maybe its because my retirement portfolio is up almost 500% in 3 1/2 years mostly due to a few penny stock trades.

Last week I had a trader contact me and they said he was good at picking penny and small cap stocks and asked if I was interested in telling my readers.

Being there is a lot of crap out there I told him I would need to watch his signals real-time to evaluate things. So he agreed to send me his trade of the week for the next four to six weeks..  Well last Friday which was June 17  he reccommended a buy on a stock symbol MOBI.  The entry was to be near $6.18 and the stop loss was at $5.90.

The stock ended up getting stopped out at $5.90 nnd then he reissued the buy signal again when the price came back to $6.18. Well on Friday June 24th it hit a intra-day high of $8.75.  Thats near 40%

 NOTE:  I was going to pass the MOBI pick onto all my readers so  we could watch this guy and see if he was any good.  Anyway, I had cold feet as I starting worrying about how it would look if the guy wasn't any good.

With that said, I'm going to pass on his trades so that anyone who's interested can help me "beta-test" his stock picking skills.  If he doesn't live up to his claims then no harm, but if he does then thats ok too.

NEWEST STOCK: Buy XDSL - One note on this one is it is a true penny stock as it is under 1 penny.  So lets keep an eye on this one together.

 Until next week, peace and prosperity,

Jeff Wilde