Hi Everyone,

It’s time for my long overdue update on here, it’s been long enough that’s for sure.  I’ve been dedicating all my time lately to trading and have zero energy left to update the blog, but I’m back on track so I’ll have daily updates on here again.

Lets get to business, the markets have been interestingly choppy and fun to try and determine the nearest term direction over the past about two weeks.  I don’t think we’re out of the woods yet, there is likely to be more crazy movement this coming week but I think there should be plenty of opportunity to set pending orders and grab some slightly smaller profits out of the market still.  I’ve talked about summer trading conditions countless times and how we must look for smaller profits during those times to account for the lack of volume and volatility in the market.  This week is likely to give us some more of those conditions, but that’s ok we’ll just have to offset things with some smaller profit targets and look for shorter runs across the various pairs.

This week we have some pretty important announcements coming including the FOMC announcement (interest rate announcement for the US) and the GDP for the US as well, not to mention interest rate announcements for other countries such as New Zealand among others.  So it should be an active and exciting week in the market.

Currently we’re seeing the GBP continue to the side of strength on both GBP/USD and GBP/JPY pairs, while the EUR pairs remain lackluster in their movement.  The Euro situation is far from over although the Finance Minister of Greece, George Papaconstantinou, sounds more than confident that things will be resolved and anyone betting against Greece will “lose their shirts” there’s still plenty of doubt that everything will end up so peachy dandy.  Greece has until about mid May to get this situation resolved or get ultimately flushed down the proverbial toilet.  As positive as the Greek Finance Minister tries to sound, there’s still time for this thing to crumble and leave them in major trouble.

Two points of view must be considered, here’s what Greek officials are saying about the current situation:

The Positive News About Greece (wall street journal/market watch)

Part Two on Greece (bloomberg)

Now I agree with many aspects of this article and I ultimately think the EU will do anything in their power to save the reputation of their Union even if it means throwing endless amounts of money at Greece to save their bacon.

However, here are some other looks at how things could potentially go in this situation:

The Other Side Of the Greek Bailout Story

But again, I say time will tell obviously and as we get closer to the final date of everything of course things will be clearer, right now there’s just LOADS of speculation.  So get informed, be informed and STAY informed and the rest won’t come as such a surprise.

Enough on Greece, I’m tired of talking about it but it’s by far some of the most important news regarding the EURO and will have endless influence on the direction of that currency for the next several days/weeks, it’s important to keep watch.

Over the next day or so I’ll post much more information about the GBP which is continuing to take ground against a the JPY and USD, it’s going to likely be the winner over the next few days/weeks so as more official news surfaces regarding it, I’ll post the details.

Until then, good luck and remember to look for smaller profits and shorter runs until the market either shows us consistently longer runs or just breaks out of this pre-summer channel.  I’ll keep you all up to date on that as conditions change.  But with this and several other pairs we should still have some GREAT movement and PLENTY of opportunities for pips and profit this week.

Good luck to all,

Jared J.

Hi everyone,

I would love to say I’m back and off vacation but I cannot tell a lie!!  The cruise was fantastic and as with most vacations, TOO SHORT!  But it was a nice break from the market and all the crazy hours of trading and oddly enough I missed my charts even while laying in the sun in Cabo San Lucas!

Ok onto business, there are some key issues that will drive the market this week,

Risk appetite in relation to US and Global financial market recovery and job creations over the next few months, this is nicely discussed here:

Read more here

Also the JPY pairs are going to need to see more USD reaction before they can “officially” pick a direction:

Read more here

Oil will impact the USD and particularly the USD/CAD, real demand vs speculators will be the question, stay on top of the movement:

More on Oil

Lastly, Gold will be a LARGE factor in this big picture and we’ll talk more about the relationship of gold as it pertains to the JPY and Euro pairs.  More to come on all these topics as the week progresses on and the financial markets react to job reports and the US economy.

Happy pippin,

Jared J.

Hi All,

I hope you all had a great weekend and got something resembling REST, the fantastic schedule of this market can be rough on the ZZZZ’s!

As a reminder, I will be out of town for the week from Feb 28th to March 7th and will most likely be out of reach to my email for most of the week but I’ll do my best to check when/if possible.  So if there’s any problems/questions email me and I’ll get back to you ASAP.

Other than that, enjoy the week and feel free to take some time off of trading and catch up on studying, sleep and some “away from the charts” time, it’s healthy to take a break from time to time.

Have a great week and good luck with the major pippin’!!

Jared J.

Hi Everyone and welcome back to another crazy week in the market, if it’s anything like last week than SIGN ME UP!!  I hope you all had a good weekend and are ready for another coming week in the market, there’s some great set ups, news announcements and expected movement so with the good graces of the charts, we might be able to make ANOTHER killing!!

Here’s some of the important information I want everyone to consider this week in the market, We’ve seen some pretty extreme movement last week but the USD gave up quite a bit since the lows of Friday, what can we expect?

Dollar: Why It Is Not Threatened By Euro Rally

The set ups are happening so make sure you read the article and log into the members area of the site and look at the Sunday night video that has been posted.

Ok have a look at the article and let me know if any of you have any questions.

Happy Trading,

Jared J.

Well I sure hope so, otherwise I’m going back to bed!

I just wanted to say hi quickly to everyone and give a quick mid week update on what’s happening on my end of things.  First of all we’re having a good time in the group, we meet pretty much every morning and trade the US session together, we’re seeing some pretty good quick runs in the market.  Much of the movement happens between the hours of 7am PST and 8:30am PST, it’s actually interesting how concentrated the movement can be when you really dial in the times.  So far we’re rolling in some positive pips and having a great time doing it, it seems that every morning Tank (my black fur ball of a dog) comes into the conversation notifying ALL of us about his “need” to take a walk!  As Bryan R. puts it, “if Tank needs his morning walk, it’s time to close the trades!”  I feel like we need to change the name from All About Pips to “morning talk radio”… it’s almost too much fun to be considered work!

However make no mistake about it, we’re serious as a heart attack when it comes to trading and learning EVERYTHING we can about how to be a better trade this monster of a market called the Forex!  We start our US trading session at 6:30am most days, during the first 30 minutes there’s little movement and it’s the time I demonstrate all the set ups and do an analysis of several currency pairs that are of interest for the morning.  We sit with our fingers on the pulse of the market ready to act at any moment that the market should move.  It’s fun, entertaining, EXCITING and most of all profitable!

Forex trading has come a long way since I started back in the 1700’s… although I DO miss the bag of coins we used to carry around with a scale, all this modern day charting and internet just makes it TOO easy!!

I found an interesting article on bloomberg about what one writer sees as the future of currency trading, I couldn’t help but share it with everyone, it’s brief but quite interesting AND encouraging, have a look:

The future of currency trading

Also we have seen quite interesting movement in the USD over the last 24 hours and the FOMC minutes today we were strong influences in the strength of the green back over the last 12 hours, read more about it here:

USD Soars

Enjoy some trading and reading this fine evening and we’ll see you all bright and early Thursday morning for our live US trading session.

Jared J.

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, 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.

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.