Hi all,

It’s Sunday night again and there’s lots to talk about, if you’ve been looking at the charts you’ll see that the JPY pairs already broke the friday low and have made some pretty good moves already.  This happened fairly early on in the day, I hope some of you got a  piece of the action.  The markets looks like they have some movement left in them so we’ll explore that.

Monday is an official bank holiday for the UK so we might see some limited movement out of the GBP pairs but that doesn’t mean they won’t move, also keep an eye on the other EU pairs for additional movement.  I’m on chat (as much as my Internet will allow it this evening… tech difficulties) so lets stay on these pairs.  As for everything else, the video will be posted later on this evening.  I’m not going to mention too much about the pairs for the Sunday night trade, you all know how that works.  Instead I’ll be talking about what we can expect from some of these pairs this coming week.  So keep your eye on the site over the next few hours/Monday morning and I’ll have the updates here ready for you.

For now, I’m off to continue studying the markets, fighting the mosquitoes, and continue dealing with this awesome Costa Rican haircut I just got!

Stay tuned… posted 8:15pm PDT.

Have a look at the daily fx article about what they are looking forward to as for what the USD might do over the next few days/weeks.

Daily FX Article

**Update** Have a look at the forum, in the “jared’s soapbox” section i’ve just posted another interesting article about the currencies, china and where the global economy might be heading.

Hi Guys,

We have seen a very interesting market over the last few weeks/MONTHS and there have been some tough profits and some easy losses.  This is very typical for summer trading, choppy directionless markets are usually the order of the day during this time of the year.  And just when you think you’re ready to give up trading, that no matter what you do the market is going to do the opposite, then we see the “big break” happen and the market returns to trending status.  If you feel bad about what the market is doing right now, take a look at the GBP/USD chart from January of 2008 to August 2008, less than a 1000 pip channel for eight long months!  Things could definitely be worse for us.  Labor day seems to be the official “end of summer” as far as everyone’s state of mind is concerned so the hope is (with lots of fingers crossed) that the financial markets follow the same thought process.

Anyway, I have spoken to most all of you about putting a trade plan together and what the basics should consist of in doing so.  A trade plan is of the utmost importance if you ever plan on making it in this market.  Like the old saying goes, “fail to plan and you plan to fail” and that definitely goes for the forex market.  So my challenge to ALL of you, if you don’t already have one, is to put together a trade plan TODAY!!

Here are a few useful links to help you in formulating this trade plan:

Trade plan details

Check list details

GREAT article on trade plans– MUST READ!!!

Enjoy and as always, if you have any questions you know how to get a hold of me!

Jared J.

Hi Folks,

The sunday night post is in the works…. I’ll have a longer typed up section on what i’m looking at as well as the video shortly.

Hey all, have a look at the video while I finish the written post about the Sunday night post.

Here are some headlines that will be interesting and important to be aware of this coming week.  The JPY pairs should be on everyone’s radar this week, they might be the promising movers while the USD finishes deciding on a direction.

JPY article (don’t forget to click on the links within this article to read the other related jpy posts)

USD article (same thing on this one, click on the links within the article)

Those should keep you busy for now along with the video… good luck trading.

Hi everyone,

We usually do our webinars around the first part or even middle of the week, due to market conditions I’m going to give the market another day to figure out (hopefully) what it wants to do.  So we’ll most likely do the webinar tomorrow night as opposed to tonight.  Besides, I’m spending a good chunk of evening time testing out new chat services, things are looking promising.  I have my eye on one that looks great, has no delay and has lots of cool functions.  I might ask a few of you to participate in a short test run with the new chat service, so for I’ve only tested this one with one other person so I want to see how it behaves with 5 or so people on it.

I’ll keep you all posted, the markets are moving a bit so make sure to keep your eyes on the Friday highs/lows throughout the entire week, they have already given us a few good trade opps this week.

Jared J.

Hey all,

Have a look at the gbp/usd video, i think we have some entry opportunities coming up. Have a look and good luck trading.

OK Boys and Girls,

As per our usual we find ourselves at Sunday night once again, what a drag… where do the weekends go??  Ok, I’m excited about another week in the market because I think these coming days finally might start showing us some direction.

Anyway quick update from Costa Rica, yesterday was filled with classical music from a hotel on a cliff near the ocean, viewing crocodiles in a near by river (freaky) and some American food… which was welcome!  Today I hiked to the largest waterfall in Costa Rica through an actual rain forest!!!  Does anyone know what rain forest means??  It means LOTS of LARGE mosquitoes going straight for your throat!  Note to self, rain forests are NOT for human beings… I’ll be so mad if i get malaria!

OK onto the market, the video will be posted shortly and I think we’re all going to be pleasantly surprised at what the market gives us this week (fingers crossed).

Here are some important points being brought up in the news right now:

1. Market Watch: While the video is being posted, have a look at this article.  There are some interesting point brought up here that I think definitely have some validity and remember that the equities markets will largely effect what happens in the currency market, so this is very important for us to know.  Have a look….

Market Watch Article– CLICK HERE

2.  Daily FX: An interesting and very important point is being brought up right now with what the market is doing as to what it did last summer when we saw sharp declines in the pairs trading against the USD.  As quotted from Daily FX “As of August 4, speculative futures traders remained the most net-short US Dollars against the British Pound and Euro since each traded above 1.90 and 1.60. Sharp reversals in the EURUSD and GBPUSD led the currency pairs dramatically lower in the months that followed—coinciding with similar routs in the S&P 500 and other key risk sentiment barometers. There is obviously no real way to predict that the same may occur in the weeks ahead, but the fact that traders remained so heavily net-short US Dollars leaves clear risk of a swift unwind in positions.”  This could be a very important statement regarding the upcoming direction of the USD.

1st Daily FX Article

2nd Daily FX Article

Hey everyone,

Here’s a quck look at what I see happening on the GBP/USD, I think there could be a medium term trade setting up for this pair… go have a look at see if you agree with me.

Here’s the video, have a look’see!

Hi everyone,

I’m sure many of you got my email explaining that I would be offline for this past weekend due to my temporary move to Costa Rica.  Well I’m here, I’m settled and have some good internet hooked up and it’s time to get back on the charts and make some pips in this market.  Just a warning for everyone, my internet situation is looking pretty solid (I actually have cable AND DSL set up) but there are all kids of outages here in Costa Rica, it seems to be pretty stable as of the last six months due to some infrastructure improvements, but I’m sure there’s  going to be some tech difficulties so bare with me. 

Other than that everything should continue on as normal, except for the sounds of waves crashing in the background while I do the webinars/coaching sessions!

Keep an eye on this site, I’ll have the upcoming webinar details posted shortly and some market updates as well… stay tuned.

Hey everyone,

We have a pretty crucial level working itself out on the AUD/JPY, have a look at the video and find out what i’m looking at here.  Also, as for the EUR/USD and GBP/USD have a look at the previous video to this one, there’s a very nice channel on these pairs and the break out should be a good one.  Also, keep an eye  on the equities markets, there’s some interesting movement on those guys so keep an eye on gold, s&p and the dow.  Onto the video….

posted: 2pm PDT

Hi guys and gals,

There’s been lots of questions since the webinar last night, which by the way had an amazing turn out, so I just wanted to post a few quick details about what I’m looking at right now and what might be happening.  Also there was an interesting article in MarketWatch about the S&P 500 reaching our much talked about level of the 1,000 mark.

S&P 500 Article

Also, I’m working on a video update that will be up shortly so check back frequently for that, should be up within the hour.

time posted: 12noon PST.