GBP/JPY Weekly Analysis (Wk Strt Nov/08/09)

by NickB on November 9, 2009

Hey Guys,

Here is this weeks analysis guys..

Do not take any of these trades unless you have downloaded and read the NEW 2010 edition free e-Book explaining my method.

{ 6 comments… read them below or add one }

Ran November 9, 2009 at 1:17 am: Hi Nick,

Both reversals you mentioned in the vidio were not reversals you would have traded: 04/11/09 16:00 reversal bar was during US session (and you don’t trade US session) plus it was during FOMC Statement plus after Federal Funds Rate news. The second reversal on 05/11/09 triggered with GBP Official Bank Rate news. But I agree these patterns were good reversal patterns
Ran November 9, 2009 at 1:32 am: read my message again and it looks like I’m talking on your behalf.. I wouldn’t have traded these patterns and please correct me if I’m wrong
mrmoneyjimbob November 9, 2009 at 2:52 am: Many thanks for the weekly analysis Nick keep it up I look forward to it every week.
Band17 November 9, 2009 at 5:38 am: Cheers Nick…..when you going to be in the chatroom again ?
O'Zeeke November 9, 2009 at 7:24 am: Thanks again Nick
NickB Twitter: forex4noobs November 9, 2009 at 7:41 am: HI Ran you’re right about the 5/11 break being caused by the FOMC statement. I was wrong on that count, sorry I mixed up reversal trades. However on the 4/11 the candle formed in the NY session during the statement but did not break until some time later so that one was a valid reversal. The actual entry would have been in the asian session….

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