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 [...] [...more]
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 [...] [...more]
There are several reasons why I am closing this trade out early, I will list them all below: 1. MPC Treasury Committee Hearings will commence. This is the main reason! 2. Any trade in which you are using two lines for a single trade is riskier than just a single line trade. You are relying on two [...] [...more]
New short scalp line formed at 211.06 level. If the line breaks I will enter as a normal short scalp, I will go for 50 pips on the full position. It was also a double bounce from the line so that makes it a strong line! [...more]
Hey guys, it is a little late but here is the weekly analysis for GBP/JPY and USD/CAD. We have a few lines on GBP/JPY and a special type of trade on the long side. Check out the video for detailed info on this weeks trades. Find this analysis useful? click here to vote for it on [...] [...more]
Hey guys, Not much to say just watch the video below for last weeks Forex wrap-up. I talk about USD/CAD and GBP/JPY trades. Check it out: [...more]
Hey guys, As of the 30th of Junk Forex4noobs will be holding two webinars each month. Each webinar will last for 1.5 hours. During this time I will cover one specific topic. For example, during one webinar we may cover only stop losses, and the next webinar we may focus specifically on support and [...] [...more]
Hey guys, I just got an email asking why I closed GBP/JPY so I thought I’d blog the answer. I closed the 212.00 break at 212.20 because it did not have any bullish momentum. The price kept getting stuck and retracing so based on price action I closed out early. This time I made the wrong decision [...] [...more]
Hey guys, This 212.00 break was just close at around the 212.20 level. Looking at the price action it just doesn’t look like we have any strong momentum behind this one. So I am out early. So if your following my analysis, you should consider exiting too. [...more]
Hey guys, After two weeks the analysis is finally back and I have added analysis for a new pair. At first I chose GBP/USD but a few days ago I changed my mind and went for USD/CAD. This pair is in a kind of trial period so I will only be entering a fraction of my [...] [...more]
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