Hi Guys,
We had three GBP/JPY trades last week two were profitable one was closed at around break even. It was a great week, my 100 pip p/w goal was not quite hit but I will take whatever I can get since we are still stuck in a slow period. We also got some great line bounces that gave strength to some S+R lines I will talk about in the weekly analysis next. All in all last week was a great week and this week we could start seeing GBP/JPY moving like normal again. Check out the wrap-up video below for a detailed explanation of all the trades.
June 28th, 2008 at 7:21 pm
Why do you say the 212.84 a weak scalp line? I thought you mention that whenever there is two bounces off a scalp line, it makes the scalp line stronger?
June 28th, 2008 at 7:26 pm
John » Because we did not see a reversal from it……
September 3rd, 2008 at 2:08 pm
Thank you Nick.