Trading Lessons | Forex 4 Noobs Blog

GBP/JPY Weekly Analysis (Wk Strt Nov/03/08)

2. November 2008

Hey Guys, Looks like the market calmed down a little last week so here is the weekly analysis again. Keep in mind that Japan wants the JPY to devalue as a high Yen is bad for exports. Last week we saw some Japanese central bank intervention and I wouldn’t be surprised to see the same this [...]

This Weeks Trades

22. October 2008

12 Comments

Hey Guys, Who took this week’s trades? In my last post I gave two short scalp line triggers the 170.40 and the 166.00. Both trades had a target of 50 pips and a stop of 50 pips. Both targets were hit and both trades were successful! So this week’s trades: +80-100 pips (depends of course on your entries [...]

12 Essential Trading Tips to Make You a Pro Trader

12. October 2008

35 Comments

This isn’t some self-help rubbish list that’s meant to inspire. This is a down and dirty, harsh and truthful list. 12 Essential Tips 1. Learn the Basics Yes this is a simple one but it has to be said. A man in my position has the pleasure of talking to scores of newbie traders on a daily basis. [...]

Closing out 185.30 trade

16. September 2008

2 Comments

Profit target reached (70 pips from the line) on the 185.30 short S+R line break. 70+ Pips

Finally Some Updated S+R lines

11. September 2008

3 Comments

Fixing Up The Blog Over the past month, I’ve been getting lazy with keeping this blog up to date. As of next week, I will resume the weekly analysis and get everything up and running again. To kick it all off I finally added some new S+R lines, to the short side of the GBP/JPY 4hr [...]

Core Trading Skills Part1: Candle Patterns

3. August 2008

30 Comments

Hey guys, please excuse the grammatical errors on this article, I have yet to check for errors. This is the first part of a 3 part series on candle patterns. I want to try and explain in an easy but detailed way what candles actually are and how to read them properly. This is also [...]

Range Trading Basics

30. July 2008

9 Comments

If you’re trading GBP/JPY or one of the many other pairs that are moving so painfully slowly right now you might think that the past two days have been boring. That is pretty much because the past two days really have been pretty damn boring. Ever the optimist I think there is a great [...]

This Weeks GBP/JPY Forex Trades - Part 2 (Wk Strt 20/07/08)

27. July 2008

28 Comments

More and more I have started looking at reversals recently. For that I want to thank you guys, all of you. I started Forex4Noobs with the intention of helping people with their trading but in the process I have learned much about my own trading. Teaching my method to all you guys has forced me [...]

This Weeks GBP/JPY - Part 1 (Wk Strt 13/07/08)

27. July 2008

11 Comments

So yesterday we have a break of the 213.92 scalp line. Had you taken the trade you likely made some profit. However the trade could just have easily been a loss. This is why I traded it a little differently, here is how I did it…….. At the beginning of this week my method suggested a [...]