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Currently Trading
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Depending on changes in market conditions I sometimes stop trading certain parts of my method and certain pairs. Below you can see what pairs I am actively trading and what types of analysis.
You should decide for yourself what to trade and what not to trade. However, if you’re a newbie you should check here occasionally to be sure you’re on the right track.
Pairs – Actively Trading
- GBP/JPY
- EUR/JPY (only trading reversals)
- GBP/USD (only trading reversals)
Analysis Methods – Actively Using
Reversal Trades – Reversal trades are working great right now. They are making me the most pips.
Scalp Lines – As per usual scalp lines are working well at the moment. I do not trade scalps in the US session or the 2 hour gap between US close and Asia open.
Constant Lines – I am waiting for the market to go back to normal before I start trading constant lines again. For the last year or so the markets have gone crazy with the financial crisis. However, over the past 2 months sense has been returning to the markets. I will likely reintroduce constant lines to my trading very soon.
Analysis Methods – Not Actively Using
Using everything in my method.
{ 6 comments… read them below or add one }
NICK……THANK YOU SO VERY MUCH, I WAS READY TO FINALLY GIVE UP, AFTER A YEAR OF STUDYING FOREX ON MY OWN….YOU HAVE GIVEN ME REAL HOPE…AND, TURNED ON THE LIGHT BULB….SINCERELY LANETTE
hi Nick,
i have couple question,
1. i try put the s/r and constant line but difference with yours.
2. when not to use this constant line.
3. how to know the valid s/r and constant line.
4. when use this method what the routine or rules must be followed.
i’m strive to educate myself with your method, since 1years trading with many strategies still not profited, hoping you can help me to improve my skill like others.
thanks…
Thanks NICK,
I’m a newbie and glad to have found this website. I use your method to jump into a trade on my demo account and made some pips. My hope of learning Forex comes to live again!!!
Nick,
I am fortunate landed in right place,reading lot here and practicing lot in my demo …getting the lines some what!?…Thanks Nick!
- ALTO
About time to repost Nick….
Hi Nick,
Just when I was lost after practising on the demo account after self reading some forex books, I found your website by accident. I did it on the demo account and it did makegood pips so far.
I was late to submit the 30 words contest to be your mentee. Anyway my words are: I always wanted to use internet to trade profitably and have quality time with my family any time. I want to teach this skill to my childrens.
Thank you very much.