Archive for October, 2008

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.

All About Pips/ATM Calendar…

Sunday, October 26th, 2008

There are no trading events on Monday or Tuesday, but I will probably add a session to Tuesday so we all can talk about the market and look at some potential trades, i’ll keep you all posted just keep up on AAP and you’ll see the information posted.

Gracias and happy trading!!

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.

There’s no ATM trade Monday AND…

Sunday, October 19th, 2008

Hey folks there’s no trade on the ATM software Monday and, Tuesday will be our first trade.  I’m just waiting on the web designer to update the calendar, but we should have the details up by Monday morning at the latest.

I’ll have more on Monday to talk about as far as the currencies go, there’s some good trades setting up and it’s about that time… money making time, that is!

Hey folks, how’s the week been?

Thursday, October 16th, 2008

GREAT!!!  That’s the answer I’m looking for!!  This week hasn’t been quite like last week (a record breaking week for me) but this week has been good for several great trades.  Remember, a good week just means you’re positive some amount of pips, 1 or 2 or 100… anything!

For those that have been logging into the ATM audio room you should know of some good levels and trades to be taking.  Even if you’re not subscribed to the ATM feel free to join us for a few live trades, i give out LOTS of good market info and point out some great currencies that are trading nicely for the day.  So come join us, it’s open/free/public for now…

Other than that, I have more info coming your way– this was just a quick note for now.  Trading is easy once you learn the language of the market!  So come hang out with all about pips and learn the language of the market, the language of MONEY!!

God speed,

Jared.

ATM Webinar TODAY!!! Oh yeah, It’s at 7Pm EST.

Wednesday, October 15th, 2008

That’s right folks, we’re having a live webinar today on the ATM… what is is, how it works and what it means to the every day trader like you and I.  It will be interesting and should go for about 45 minutes to an hour.  Last time we filled up in about 5 minutes to be early and ready to go at 7pm on the DOT! ;)  Happy trading and we’ll talk this afternoon!!

Here are the webinar details, log in and you can either call into the conference call line (details will be provided once you log in) or you can listen through you computer speakers.

Please join my meeting, Wednesday, October 15 at 7:00 PM Eastern Time.
https://www2.gotomeeting.com/join/250226820

Upcoming Trade AND Market Direction!!!

Sunday, October 12th, 2008

Just a quick note to everyone, we don’t have any news trades Monday due to a US holiday.  The calendar should be updated by Monday morning early.  Other than that, I hope everyone had a great weekend and is ready for some more trading this week!  Last week was nothing but profit so lets hope is can carry on this week, I’ve got my fingers crossed!!

Here’s what my immediate outlook on the market is, we have seen the USD go long (sell eur/usd etc) for quite sometime so I think there might be a chance for some correction this week.  So I’m going to keep my eyes peeled this week for some dollar shorts (buy on the eur/usd, gbp/usd).  I’m not sure yet, it’s early to tell as the market just opened but I’m keeping my eyes out for some correction up.

Blah, blah… LETS MAKE SOME MONEY!!! ;)

Another great week in the FX market… HOLLER!!

Saturday, October 11th, 2008

Well folks, another crazy week in the markets!  If you’re trading stocks, my the good Lord be with you– if you’re on the currency side then you should be taking a trip to the bank right about NOW to make a DEPOSIT!!  This week was my personal best since I began trading, the market just gave and gave until it couldn’t give anymore (because it closed friday afternoon!).  So I hope everyone had a chance to take advantage of some of these great movements, remember the trend is your friend!!

After such a good several week run we need to be cautious in the coming week, the market might not be so generous as a little correction is about due.  The USD has just been bully’ing everyone around and now it might be time to sit back and take a breath.  So watch and wait, Sunday night has been GREAT for a few weeks for trades so lets keep our eyes PEELED and see if we can pull off another great start to this next week.

The ATM had a pretty good run this week too, we took some pips out of the market and we’ll do it again this coming week.  We have more announcements this coming week then last week so I’ll keep ya’ll posted.

One of my fellow trading associates sent me an interesting article on the USD and a point of view of why it might be as strong as it is during such financial turmoil, have a look at it and let me know what you all think, READ MORE HERE…..

Alright everyone, have a great weekend and I’ll keep you updated with what I see happening in the coming week as we get closer to the open Sunday evening.

Have a jolly weekend!

Jared J.