Well we had an exciting week last week, lots of good movment so lets look at what that movement really means and some important things to look at/for this coming week.

Nationwide economic announcements this week were primarily focused on “Rates.” Bank of Japan (BOJ), Reserve Bank of New Zealand (RBNZ), and Federal Open Market Committee (FOMC) all released their latest “Rates” showing no changes. Each economy discussed signs of improvement in specific area’s imports/exports, consumer spending, financial) but with consumers continuing to be cautious and home sales and unemployment making minimal gains, economic conditions remain sluggish. However, as a whole, expectations are optimistic for significant improvement in all sectors by mid to late 2010. Although each individual economic “Rate” statement is important, the U.S“FOMC” has more significance to Forex trading and your time would be best spent in reviewing U.S statements.        

FOMC statement

For the last 2 weeks indices and commodities have been in a selling frenzy pushing the dollar and yen higher. While UUP (US dollar index) continues to push higher the S&P and DJIA (Dow Jones Industrial Average) subsequently turn lower. As you can see in figure #1 (DJIA) the up-trend has broken and is currently consolidating. It’s also at the next major support area (10,100). If it breaks below that level it could continue down to (9,840) which would provide more opportunities to buy USD and YEN.

(IMAGE COMING…)

In figure #2 (UUP) there was an “inverse head and shoulders” pattern that is currently underway. The next significant support/resistance level is at (23.70). If price continues up toward that level, again look for buying opportunities on USD.

(IMAGE COMING…)
 
To best implement this bias, look for pairs (with USD as base or quote currency) that are at or near significant support or resistance and plot out good areas for buy/sell stops. That way if those patterns do play out you’ll be prepared to execute.

Also, regarding the US GDP number that were released last Friday, there was some confusion on the market about how this news should be interpreted, read what some analysts are saying about those OH SO IMPORTANT NUMBERS:

GDP and NFP, what to look for.

As for the rest of the movement, just tune into our live sessions and keep up with the market update videos and lets make some pips!

Happy trading,

Jared J.

Hi there, this was a bit of a last minute decision but as a group we will be watching the AUD CPI coming out today!

This is a tricky trade but can still be a good mover and you all “demanded” a live session so here we go! One thing I would like to do is welcome any visitors to the group for this live session, if you’re interested in attending this live trade just repsond to this email and I will set you up a temporary login for this event only. We will be doing this live aussie trade in place of the weekly webinar.

The trade will begin:

Today, Tuesday 1/26 at 4:15pm PST/12:15am GMT.

This live session will also take the place of the video update, So be there!

Happy pippin,

See you all soon!

Jared J.

Hi everyone,

We’ve talked about this during our live sessions but lets make it official, we’ll be having a webinar tonight where we’ll discuss what is currently going on in the market and possible upcoming changes.

Webinar will be held:

Tuesday, Jan 19th at 5:15pm PST/1:15am GMT.

Please click on the link below to register/join the webinar.

https://www2.gotomeeting.com/register/798064794

Hi there and HELLO!!

I hope you had a great weekend and got some rest, it’s the only time this darn market gives us a break!!  Anyway, I’m very excited for this coming week and I think there’s some great opportunities coming up, actually I’m beyond excited about this week!!

A few KEY points I wanted to mention, first of all for all the paying subscribers of my service, we have the Sunday night video posted and ready to be watched so check it out, there’s some GREAT set ups happening right now so don’t miss out!!  We saw very choppy market conditions last week but we still came out triumphant in the group, we’ve got some good pippin on lock down there so if you haven’t seen/joined in then please email me and I’ll invite you to join one live trading session with us, it’ll be worth it!

Next don’t forget that Monday is a Bank holiday, Martin Luther King Jr Day, so the banks will be closed and this could slow the USD movement jut slightly but it’s ok since we don’t trade on Monday much anyway.  Just keep it in mind if you’re thinking of trying to enter any long term trade this Sunday night, Monday could be slow.

Last but not least, there’s some SCARY news coming out from the Government agencies that regulate the Retail side of the Forex Market in the USA, I’ll be sending out a more detailed email/description of what is happening (I’m sure many of you already know what I’m talking about) but we as traders are called to take action in this matter.  So watch your email and you’ll have something from me tonight/tomorrow early.  It’s of the utmost importance that you pay attention and take action, more on that coming shortly.

Other than that, we saw a successful week in the market last week and we’ll see another one this week, I hope to see you along for the ride.

Happy trading,

Jared J.

See more on joining my group at www.fxmoneymakers.com

Hi everyone, this is just a quick reminder to go outside and enjoy some sun shine… unless you’re not in Southern California then bundle up!!

Ok lets get down to business, we’ve been dealing with some very quiet markets this week but have still done some damage to them.  A little review of what we’ve been up to in the live group, Tuesday we took a trade on the EUR/USD and GBP/USD, the euro was good for 100 pips… that was a nice run!  Then we dove into the GBP and took that puppy for just under 50 pips, not bad for such a consolidated choppy week like we’ve seen so far.  Along with that there have been some pretty decent set ups listed in the market update videos on a daily basis, so even in a market like this we’ve seen some very good activity.

Speaking of activity, we have the US jobs reports coming out this coming Friday, it’s HEAVILY ANTICIPATED and the market are looking for direction to come from these numbers, believe me it will be no quiet morning in the markets.  We’re going to have a live session for the release and hope to accomplish two things:

1. make a GRIP of pips from the initial reaction of the report

2. look for medium to long term direction in several pairs and to enter some long term trades.

So you might not want to miss this one.  Here’s the details of when and where,

We’ll be meeting in the live chat group at:

Friday, Jan 8th at 5:15am PST/1:15pm GMT (the official report is scheduled for 5:30am so we’ll spend the first few minutes getting set up)

For all those that feel like an extra early morning, Canada will be releasing their job numbers at 4am PST/12 Noon GMT on Friday as well, however we will NOT be doing a live session for that one.

Happy pippin and to get you prepared for what we’re up again in the release of the numbers, have a look at this article:

>> 3 Reasons why job growth is possible<<

See you all Friday morning!!

Jared J.

PS– To join our group visit www.fxmoneymakers.com and you’ll find pricing and details there.

Hi everyone,

It’s Tuesday which means webinar time!!

As mentioned in a few emails the last few weeks, the webinars will only be accessible to paying members of my trading service and will no longer be for the general public.  If you would like to join us, we we welcome you!

As for details on how to join the webinar, the link will be posted in the members area under “webinars”

As for details on how to join the service, please visit www.fxmoneymakers.com

See you all tonight at our usual webinar time,

Tuesday, Jan 5th at 5:15pm PST/1:15am GMT.

Jared J.

Hi everyone,

I hope you all had a great Christmas and New Years and even more, I HOPE you’re ready for 2010!!!

For those paying members, the calendar has been posted in the members area but here’s a little review of what we’re going to be doing this Sunday night (monday morning for those in Europe/UK/SA):

Sunday night video to be posted at: 3pm PST/11pm GMT

We’re going to be doing a live session at: 9pm PST/5am GMT.

Since we don’t know exactly when the market is going to start making those big anticipated runs of the new year, I’ll post the Sunday night video (in the members only area) at approximately 3pm PST/11pm GMT so that should the market start going crazy before our live session, everyone will have an idea of what I’m looking for and the set ups that could be best to watch.

I’ve given out several free trials for this first session of the year, they’ve all run out so if you would like to join us on this, our first session of the year then visit www.fxmoneymakers.com and make the investment to be part of our group, start 2010 off right!

Lets make some pips and have fun doing it,

See you all Sunday!

Jared J.

Well here we are at the tail end of 2009, where does the time go?  I am either getting older therefore time is passing more rapidly or I’m getting older so I’m forgetting about the days, either way it’s a bad case scenario for me!

Ok guys, we’re in the midst of low liquidity trading and the markets have been up and down and all over the place, very common for this type of trading.  I hope you have made some pips and not let the market take anything out of your “pot”.  I’m keeping my eye on the markets but have opted to stay out this week due to the type of market conditions we’re facing, some of the movements haven’t been half bad but conditions are too unpredictable to know what to trade and what to stay away from.  So I hope the conditions haven’t been too crazy for you, may the PIPPIN continue.

Here’s an interesting article I read about the current conditions, plus it just has some good information in it, have a look:

KEEPING TABS ON THE USD

As for the live sessions we’re doing with the group, we will be doing our first Sunday Night session EVER so don’t miss it!  As many of you know, especially those that have traded with me and done trainings with me, I have a very specific way I trade the Sunday night session of the market.  In fact it was a Sunday night that I made 1,000 pips (that’s right, one thousand pips) on the GBP/JPY, there have been many GREAT runs right at the opening of the market for the week.  So the point of all this is, for you paying members, be ready because this coming Sunday night is doing to be some serious business.

For those that are not paying members or my group, I am doing 24 hour trials of my service, that time usually gives you about 2 live trading sessions to with me to “test drive” the service to see what you think. Anyway, for those not part of the service email me and let me know if you would like a trial of the sevice.

For those members, trade cautiously the rest of this week and be ready for the Sunday night maddness that is upon us!

Happy new year to all and to all a good night (I feel like I’ve heard that before…)

Jared J.

PS, remember the site is:

www.fxmoneymaker.com (the site to sign up for my live trade call service)

Hi everyone,

As mentioned earlier we’re in the infamous week between Christmas and New Years and trading can be very difficult and even TRICKY!  Tricky usually takes our money so I recommend if you’re new at this trading game to definitely stay out this week, if you’re experienced… probably still stay out.  Better safe than sorry, but the market is worth having a look at, thus I’m posting the video and giving my outlook on the markets and what I see happening possibly this week.  Take it with a grain of salt, these holiday times can be quite elusive so beware.

Ok, here’s the market update video and the possible trading opportunities I see happening this week and even tonight/tomorrow.

Click on the link below for the market update video:

>>>Market update video<<<

Also, here’s an interesting article about some of the possibilities of this week and what the other markets are telling us.  Remember, there’s LOTS of good information out there you just need to know where to look and Boris and Kathy are a great source.

XMAS Week Trading Possibilities Article

I’ll be keeping my eye on the market but this week is a very interesting and potentially crazy one, as for the live group we may or may not do any live sessions due to market conditions.  So trade with caution, that’s all I’m saying.

Jared J.

Hi everyone,

I hope you all had a good vacation and enjoyed some time off, I sure did.  Although Christmas usually isn’t much of a break… especially when you’re a last minute Christmas shopper like me

Anyway, given the uncertain market conditions I will not be trading the Sunday night set ups like usual.  The markets could make some good moves but past experience indicates that these moves can be risky and very difficult to trade, so if you choose to trade these set ups do so with extreme caution as the volume of orders in the market will be considerably less than normal.  Break outs can be false on a very sure/typical set up, so be careful and we’ll watch the market this week to see how it behaves.  If there’s a surprise in movements then I’ll post our upcoming trades for this week, if not then we’ll just keep an eye on things and play it by ear this week.  In past years the week between Christmas and New Years is a very quiet, choppy time that is virtually not trade-able, so we don’t want to mess with that type of situation.

I’ll keep you all posted, Merry Christmas and Happy New Year!!

Jared J.