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Forex GBP/JPY Signals & Analysis (Wk Str 20/07/08)

Mon, Jul 21, 2008

Signals & Analysis

Hey Guys,

The weekly analysis video will be released tomorrow, I had to organize some webinar related stuff today and did not have much time.

Here is some quick analysis though, I doubt it will move beyond these lines by tomorrow.

LONG
213.92 Scalp Line: I will be going long on the break of this line. It is a normal scalp, I will target 50 pips on the full position with a 50 pip stop.

SHORT
211.55 Scalp Line: I will be going short on the break of this line. It is a normal scalp, I will target 50 pips on the full position with a 50 pip stop.
Regards, Nick

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6 Comments For This Post

  1. kathy Says:

    looks like we have a new short scalp at 212.12 that formed this week

  2. admin Says:

    kathy »

    No Kathy, it is already an S+R line.

  3. luis Says:

    Thanks I wait for the analysis and I got both scalp lines on my chart Thanks

  4. mav Says:

    Hey Nick I’m wondering why 211.55 is a scalp line for short…Around that line I see pterry much sideways trading…

  5. peter Says:

    very 9c work kip up

  6. mychris Says:

    is the 212.12 line usable as a normal short trade?

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