Who grabbed the 50 pips on this trade?
It was a nice quick trade, I grabbed my 50 on it easily.
If you took this trade leave a comment and lets us know how you went!
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Succesful 155.90 break
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{ 42 comments… read them below or add one }
Wasn’t your method saying not to take trades before London opens??!!
Hi Nick,
Similar to what Mike said,
I thought you don’t trade the asian session?
There were times when scalps broke during asian sessions but you didn’t take them. How do you decide? just based on momentum?
Nick, thanks, I got in on this one too. This is the earliest I’ve set limit orders, so I’m glad that I did. I usually don’t set my limit orders until around 3 or 4 AM GMT.
Cody
Nick, one quick question too. If we see the current 4 hr candle close as a LWP, would you consider taking a long reversal?
Cody
I manually watched the trade and was able to grab 71 pips on that one. What more, we might even have a reversal pattern if we get a big nice juicy wick. Great way to start the week mates!
Thx Nick. I took the trade and was happy to get my 50 pips. The momentum must have been good as the trade didn’t take long. I had to leave my desk for a meeting and returned 30 mins later to see the trade had been and gone! Good job Nick.
I grabbed 46 since opened the position little late. However, it was little difficult for me to determine SL. Anyways, thank you for the signal..
@rlee : Maybe Nick decides if he takes it after he sees the result. If it were a bad one he would have said that it was during Asian session, so it was a bad thing to call it.
He did that before, so…
thanks Nick, i got in late and got about 27 pips but unfortunately lost the whole of it as i tried to counter trade. i think i requre more discipline. all the same tanks alot
Great call I got 40 pips on it tyvm
46 pips riding on the bear!
Thanks Nick,
I picked up 47 pips by just trading what I saw and determining for myself what was worth trading
Took it, got in a little late, settled gor 37 pips.
Nick,
I see a very nice reversal pattern on the 1 hour chart bouncing off the 154.90 now, do you use this or wait for the four hour chart to indicate?
I did take it and got 55pips.
Nick said he only trades London session.
I guess he has made some adjustments occasioned by these rough days.
Rough days are good sometimes!
lol
Made 50 pips easily with this one. Thanks Nick. I wouldn’t know when the London period/Asian periods are. I live in Sydney..guess I have to work them out.
Hi Nick
Im new to your site, im British but lived in Spain for 10 years now.
Stayed up late to try your recommendation (gbp/jpy).Worked just as you called it 50 points,many thanks and would just like to say what a breath of fresh air your site is.
No I didn’t take it, concerned about a reversal.
Damien
Missed that one. Got 154.01 though. Good trade.
hello Nick
i am new to your method but have some experience with the market and thank u for
great signal i grabbed 52 pips very easily. looking forward to learn more.
thanks again and you all guys have a good one ;-)
Lovely scalp. 44 pips. Bit close to the daily trendline so grab and go. Cheers Nick.
154.00 scalp also good for 50 pips
Heeee Haaaaa !!!!!!
@Mike:
Again this idiot is taking what I say way out of context. The last trade Asian session trade I did not take was not taken for an amalgamation of reasons.
1) It was the Asian session.
2) GBP/JPY moved way beyond it ADR so it was ready to become exhausted.
3) It approached an area of very heavy support while it was exhausted in a slow moving session.
When you take those three things together for me they become reason not to enter. However, when you take one of those reasons separately they do not mean much. I often take trades in the Asian session; I often take them live in the chat room.
Also, in the next post I explained that even though I did not consider it a valid trade most would have. I explained that I look for PERFECT trades because I only take 1 trade every 2-3 weeks. I did however acknowledge that most traders (even pro traders) trading my method would have taken that trade. I officially acknowledged it as a losing trade!
Stop taking what I say out of context. If you want to defame me be a man about it and use facts. Cowardly little fucks misquote people and put words in people’s mouths to win arguments.
@rlee:
Yes momentum is a key factor. Other factors are things like ADR which was all explained in the previous post.
hey nick thanks for your 40 pips .can u tell me plz about gbp/usd.
will it go up. if yes when. i am in great dd. i hv good MM.but i want to know.plz give me some breath.
thanks
Nick you little beauty, thanks matey
Set a pending order as had to go to work over here in Oz. G/J initially came down to 155.89 and went back up before triggering my entry 1 pip lower at 155.88 so very happy that I took 50 profit and not a loss. Gives me more confidence to set pending orders. Thanks again Nick.
Hey Nick,
Great call on the 155.90. I grabbed 47 pips on that trade… looking forward to a good week.
Cheers,
wmhanson
I got on this one by setting a pending order before I went to bed and woke up with 50 pips. Thanks Nick.
I set a pending order before I work… I was not brave enough to set for 50 pips but atleast I got 31 pips…
thanks Nick
I set an entry order for that trade when it was about 10 pips away. Actually I set 6 entry orders just before I went to bed and nailed 150 pips by the time I woke up this morning. This was my first day following the NickB system, what a way to start!
I sold 2 GBP/JPY contracts at 155.45 and bot at 1.5340. Very nice 410 pips over night.
Also sold 2 GBP/USD contracts at 1.6300 and bot at 1.6180. Very nice 240 pips over night.
total gain $650.
‘Stop taking what I say out of context. If you want to defame me be a man about it and use facts. Cowardly little fucks misquote people and put words in people’s mouths to win arguments.’
Atta boy buddy! Fuck ‘em All!!! ;)
Great week so far…missed all 3 trades but great week!
Nick pls post gbp/usd s+r lines when you got a sec.
Thanks
also if anyone is going to try to trade this potential reversal set-up what would be a good entry? 153.91? Bc its the high of the prev. doji candle?
“I explained that I look for PERFECT trades because I only take 1 trade every 2-3 weeks.”
Hi Nick. Thanks for all your excellent advice and insight.
Regarding your above statement, does this mean:
(a) You no longer trade full-time for a living?, or
(b) You can live off one trade every 2-3 weeks?, or
(c) You trade a number of different methods?
I’m trying to understand if those of us who trade most of the good-looking breaks that occur are guilty of overtrading.
Thanks.
@ekowi:
Since travelling I have not been trading full time. Now that I am settled down here in the UK I have resumed full time trading. I have been trading full time again for two weeks.
I tried the reversal and got -50 pips. It was failed trade.
Hmmm weird…I snagged 47 pips off the reversal
Got in @ 153.93 and out at 154.40
found a cool article thought I’d share re: lack of trending markets
http://www.bloomberg.com/apps/news?pid=20601213&sid=a4znXuJFbQz0
I got 40p. I exited early because it triggered during the Asian Session on a Sunday. I didn’t know if it would cont. down.
I put a line at 155.90 while price was 20-30 pips away, i look away for a few a minutes and BAM, totally missed it. I want to thank you though. I will definently pay more attention next time.
Question to more experienced Nick B users:
152.96 was the turn around point for the last swing down, so would that line act as a scalp line? and if so, would the break of that line have been a failure?
Thanks in advance
Got the reversal off of yesterdays big moves, placed my entry above the doji right after the long wicked candle, bc that line held back the large move for a while before continuing down, and thats how the ebook and the ‘trade for noobs’ 2 weeks ago pointed out, got 60 pips :)