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Hey guys,

I am a little late with this update but here goes:

The 209.31 S+R line has been moved to 209.37, I know it is only 6 pips but 6 pips can be significant. Looking at the candles in that area over the past few weeks the 209.37 is just a much better fit. S+R lines do migrate very slightly with time so it is completely normal to see this.

We also have a very obvious scalp line that has formed at the 212.30 level. I have added that line and removed the 213.00 scalp line mentioned in the weekly analysis video. The 212.30 is a much stronger scalp because of the way it moved up, hit, and reversed.

There are the updates I hope you guys caught the 210.56!

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Hey guys,

Here is the analysis for this week, it is a little late I shout it a few hours ago and I couldn’t get it up until now so what I said about the 212.08 line doesn’t really apply. I was hoping it would reverse because the reversal would have strengthened the line again but it broke instead. We have 5 GBP/JPY trades this week and 2 USD/CAd trades what the video for more info.

 

 GBP/JPY and USD/CAD weekly analysis 29 june 08 [6:53m]: Play Now | Play in Popup | Download

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Hi Guys,

We had three GBP/JPY trades last week two were profitable one was closed at around break even. It was a great week, my 100 pip p/w goal was not quite hit but I will take whatever I can get since we are still stuck in a slow period. We also got some great line bounces that gave strength to some S+R lines I will talk about in the weekly analysis next. All in all last week was a great week and this week we could start seeing GBP/JPY moving like normal again. Check out the wrap-up video below for a detailed explanation of all the trades.

 

 GBP/JPY Weekly Forex Trading Wrap-Up Fore 22 June 2008 [4:48m]: Play Now | Play in Popup | Download