Archive for the ‘All About Trading’ Category

I’M BACK!!

Sunday, November 23rd, 2008

Hey everyone, it’s Sunday night and I’m finally back in town and ready to get back to the markets, by the looks of things I choose a good week to take off!! ;)  Anyway, we have LOTSSS to talk about so we’ll start the catching up ASAP!  I have about 3 million emails waiting for me so I’ll get back to everyone as soon as I can, be patient and I’ll get to you.  As for what’s been going on in the markets, we’ll talk about it on here as well as during the ATM live trading sessions.  The calendar will be up Monday, there’s nothing to watch until Tuesday, this will be a bit of an interesting week due to the holiday but we’ll see what happens.  There’s always good trading opportunities, ALWAYS!

Ok, that’s all for now… more to come.

Update from Jared and news about the ATM

Sunday, November 16th, 2008

Hi everyone, as you all may or may not know, I just got married so that took me out of town for a few days to a place that was a little more remote than I had anticipated.  While there I had VERY limited internet access and was not able to get on for very many of the ATM trades, my business partner was set to fill in on some of the trades but that did not work as well as it could have.  I don’t want my ATM paying customers to pay for service that was not 100% so I will be pro-rating the time I have taken off to your monthly subscription, that way you will not be charged for times I wasn’t not able to log on due to being in the middle of no where with no internet access.  Also, with this I will be on my honeymoon for the entire week from November 16-23, we will not have the ATM running for that week.  You all will be on your own and it might even be a good opportunity to take a few days off from the charts, it’s healthy from time to time to take a break.

Also, we will be offering a new deal on the ATM and audio room, I will be sending out an email when I return covering the details of this.  There will be a new pricing plan, the services will remain basically the same but the price and set up will be slightly different.  If any of you have any questions regarding the ATM, click on the contact button on this site and someone will get back to you.  No information will be given out about the new pricing plan for the ATM, but they can answer some basic questions about when the atm will be back up and some basics like that.

Other than that, happy trading and wish me luck on my vacation in the sun!  Day traders aren’t supposed to take vacations, especially in the sun but I’m doing it and no one can stop me! ;)  Wish me luck and I’ll catch you all Monday 11/24 and we’ll pick up where we left off.

Happy trails,

Jared J.

A few levels to watch this week

Monday, November 10th, 2008

Hey everyone, here’s a quick update on some levels to watch as the week progresses on.  I’m not sure I nor the market knows which direction things are headed so wait for some levels to be hit/broken before entering any trades.

GBP/JPY:

  • trend- down.  The indicators are still favoring a downward movement but at this point it could go either direction, so here’s the levels to watch.
  • look for selling opportunities at breaks of: 152.10, 150.25.
  • buying opportunities at breaks of: 157.50

EUR/USD:

  • overall trend- down but is possibly turning to the upside.
  • selling opportunities at breaks of: 1.2720, 1.2650
  • buying opportunities at breaks of: 1.2925.

GBP/USD:

  • overall trend- down
  • selling opportunities at breaks of: 1.5588, 1.5532 (this level should yield some LARGE movement)
  • buying opportunities at breaks of: 1.5882 and beyond.

This is just a quick review of what to look for, i’m sure there are other pairs with good set ups but these are the only ones i’m watching at the moment.

Watch the market closely this week– cont’d

Sunday, November 9th, 2008

Hey all,

This is just a quick note, we’re seeing some pretty choppy market conditions as of lately partly due to US Presidential elections, natural market consolidations and important economic news announcements.  My word of advice is to watch the market carefully, it’s about time it makes an important move but make sure you let the market confirm that it’s making that big move (though break outs, moves through the gap and other major indicators).  We don’t want to get caugh in something that’s going to ‘barrow’ profits from our accounts.  But hopefully we see some good moves this week, good luck all!

Jared J.

Another week is here already?

Sunday, November 9th, 2008

Hi everyone, it’s been a crazy week with everything that has been going on and with nothing less than a very active market, one you really have to keep your eye on!  Although many of the currency pairs ended the week just about where they started, it was a very active week still.  Most pairs have some good opportunities for 100-250 pip movements that were quickly followed by a nice turn around.  My personal trading this week was great, I only took a few trades but they were good for a few hundred pips each time, so no complaints here.  I was also VERY pleased to hear that most of you made several hundred pips this week as well, just about everyone i talked to came out VERY positive from last week… Congratulations to all of you, GREAT JOB!!!!

I have been receiving some GREAT positive feedback from our online live trading sessions, many are using the ATM software while others are just logging on to hear what we talk about and follow the trades that usually happen within a few hours of our meetings.  Everyone is following some great trades and making some good bucks!  Right now the service is free and available to anyone interested in listening in, I would HIGHLY recommend taking advantage of it right now while it’s still free… if you’re serious about trading it will be MORE than worth your time!

Here’s a few of the trades I did last week, we have the GBP/JPY to the left and the GBP/USD to the right, both were good for more than 200 pips.  As we have discussed several times, all I’m looking for is that the trend is supporting my entry and that the indicators are going my way as well.  Break outs are great, safe trades and there’s plenty every week.

gbp/jpy trade taken late last week

trade taken early last week

gbp/usd trade taken early last week

The forum is fixed, so start posting!

Monday, November 3rd, 2008

Hey everyone, we finally got the forum back in action and believe you me, it was no easy task!  Anyway it’s back up and running so I expect people to log on and start posting topics and replying to other’s topics.  There’s so much we can learn from each other so lets get to it!

As for this week, I see some pretty good set ups in the market so we’ll have plenty of trading opportunities i’m sure.  We do have non farm payroll this week so that always puts an interesting twist on the market for the week… we’ll just have to keep our fingers crossed.  We have no Monday morning announcements that are worth watching so we’re not missing anything there.  There might be a Monday afternoon trade happening but i’ll let you know, there’s usually nothing worth doing in the market on Mondays.

Happy trading and lets make some bucks!

Market update, what are these currencies up to?

Thursday, October 30th, 2008

Well, it’s been a GREAT week!  Many have made some good money in the market, not to mention that trades and set ups we’ve talked about on the live ATM sessions have profited many of you 300+ pips this week, I’m happy people are making money.  If any of you are not having the desired results from your personal trading LOG INTO our trading sessions, instead of looking at what the market has already done we’re looking at what the market IS going to do… JOIN US!!

This morning we talked about the 1.3030 level on the EUR/USD, that was about 2 hours ago and as of this writing the pair is trading at 1.2930, that’s a 100 pip drop.  There’s several 100+ trades to be taken just about everyday, just keep your eyes out for them (and log into the atm sessions).

As discussed this morning, I think we’re looking at major decision points across most of the major pairs.  The eur/usd, gbp/usd have both dropped considerably, made retracements and now I think they might be positioned to continue dropping.  But it’s a wait and see, the eur/usd has already dropped some and I think it just might continue… remember we have to watch for levels to be broken, that will trigger us getting into trades provided our indicators are going in our direction.  So the USD pairs have most likely made some retracements and will continue in their previous direction, (down for the eur/usd, gbp/usd).  Lets keep our eyes peeled and make some bucks in this market.  I promise trading has never been as easy as it is right now, lets take advantage.

Jared J.

Its weeks like this…

Sunday, October 26th, 2008

That make me LOVE trading… to death!!  For all of those watching the markets this week you must have seen the serious volitility seen in most pairs!  what a great week for trading, this up and down thing the market is doing makes my trading accounts SMILE as the $$$.  So, for anyone not seeing their account grow and flourish while there’s more movement than you know what to do with then you should log into our live trade sessions we have several times a week.  During the sessions we talk about what the market has been doing recently, what it’s doing right now and what it could be doing in the near future.  It’s like a support group for people trying to WEAN themselves off the 9-5 situation (ok, that’s severe but you get the point).  We’re doing some good work on these sessions and making some bucks at the same time so if anyone can think of a good reason not to join us… you know where I’m going with this.

Here’s a look at what the markets did this week… (CLICK TO ENLARGE)

That’s last week but what do we have coming up this week?  Well who knows!!  But there’s a few things I’m going to try like the breakout trade on Sunday night, this one has been a winner for a good little while so i’ll be all over that.  There’s usually some pretty good signs by about Monday after noon of which direction the market may be going for the week so i’ll keep everyone posted about that.

Have a good weekend TURN off your computer for at least a few hours! ;)

Jared

What’s the market up to now?

Thursday, October 23rd, 2008

Well everyone, we’ve seen some pretty extreme movements these last few weeks in the market… movements like we haven’t seen in a few years!  The major thing I’ve been watching for this week and last week has been breaks of support and resistents levels, since many currency pairs have reached extreme levels (super highs and super duper lows), the break outs have been triggers to enter trades.  However, I think things have moved so much the last little while (the gbp/jpy has moved down just under 2,500 pips this week ALONE) that its time for some cooling.  Most of the currencies are at extreme levels, movements have been substantial so I think it might be time to start looking for big retracements.

This means we might have to look at the 4h and even day chart on some currencies and pull out our trusty FIB tool and see where we can identify 38% and 50% retracements.  This is what i’m going to be looking for probably in the coming week, there might be some final breaking of lows and highs before the week ends but I’m not counting on it, I think retracements are going to be the order of the day.  Just a thought, keep an eye on things and we’ll discuss more details on the ATM audio session.

Learn more about Fibonacci and how it works HEEERRRREEEE….

Happy trading.

A little Morning Review…

Tuesday, October 21st, 2008

Just a review to everyone, we had a CAD Interest Rate trade this morning, it was a QUICK mover but several got in and made a quick 30-50 pips on it.  That was followed up with a re-entry of the usd/cad and most took around 15-20 pips fairly quickly as well.  A good morning all in all.  As for the rest of the currencies this morning, I’m not seeing anything too exciting that is getting my attention… i think we’ll probably see a good amount of consolidation through out the day but stay in front of your charts, anything could happen.

Most of the major pairs had good breakout trades last night during the UK session so some sideways movement should be expected today.  But the week is young and there should be LOTS of opportunities to make some pipers!!

See you all on the AUD trade tonight at 8:30pm EST.