Hey guys,
Here is the weekly GBP/JPY and GBP/CHF analysis……. that’s right new pair this week! Make sure you read the the 2 posts before this in which I give an extremely detailed breakdown of last week’s trades. I basically let you delve inside my mind an see every little decision I make when entering a trade, cool huh? Anyway here is the weekly analysis oh and if you haven’t heard yet……
I released my free e-Book two weeks ago, it details my method like never before, click here to download it.
July 28th, 2008 at 12:27 am
thanks nick for the analysis
July 28th, 2008 at 5:43 am
Thanks lets see how it works GBP/CHF
July 28th, 2008 at 7:21 am
I had been testing the GBP/CHF for the last 3 weeks as well. Good choice as the Yen and CHF tend to move in tandem so most times a move in the GBP/JPY translates into a corresponding move (not always !) in the GBP/CHF. Thank you
July 28th, 2008 at 11:52 am
Thank you Nick, I look forward to testing out the new pair
July 28th, 2008 at 1:29 pm
hello nick, the analysis is helping us, if not for this analysis i would have quit forex trading, thanks alot.
August 1st, 2008 at 7:43 am
Nick, did you take that CBP/CHF trades? Those were bad as hell. Do you know why? Just curious!
August 1st, 2008 at 9:50 am
2.0790 was a failed trade - failed breakout. The line was good but it just didn’t work out as planned.
I didn’t see the point of 2.0721 line except for the 25th high, but even so that was not a good scalp line for this pair.
Oh and until 213.56 (geppy) will be retested and confirmed again, don’t base any fine entries on that line, it lost it’s ‘accurate value’ in the last 2 weeks while the price was moving across it several times.
August 1st, 2008 at 9:59 am
guys it was not a failed trade it was not a trade at all. Please read the free e-Book section on entering S+R line trades. There was very low momentum and the pair was in a very tight range. These are no ideal trading conditions and no trades should be open in that kind of market.
August 1st, 2008 at 10:14 am
Nick. Did you short the geppy around 213-213.20?
August 1st, 2008 at 10:54 am
Sniper »
Yes 213.70 and 213.25 two range break shorts. This is a new type of trading I do not usually dor ange breaks and i have yet to discuss them in detail.