No I risked more when I started but officially I started trading my method (The NickB method) with $40k in my account. So my risk per trades was always about 2%-3%

Yes I trade until 17:00 and I agree in the past I use to shy away from lines that are too closely packed together. However, with 80 pip stops its not worth doing that. Imaging you had a line every 60 pips for a 1000 pip range up and down. That means you could take the whole month off since GY is likely not to move 1000 pips.

My trading is evolving so yeh some of the former stuff is definitely out the window. However if a line is within 20-30 pips of another I would just pick the lowest for a short or the highest for a long.

To be honest man I just hadn’t taken proper trades for so long (since November) that I got carried away. I know I shouldn’t have since I am a full time traders. However, at the end of the day I am only human so I messed up. I let myself get carried away on the high of catching an awesome streak.

Everybody screws up sometimes.

I trade London and Asian session I do not trade the NY session. However, I have learned this needs some clarification as some people got confused. The NY session obviously starts towards the end of the London session. I trade the whole London session including the part that lapses into the NY session. However as soon as London closes I do not open a new trade.

I entered a separate trade when the second scalp line was triggered. I treated each scalp line as a separate trade. I should note that this is not exactly the best way to trade as any scalp line can act as an area of support + resistance. However, if you monitor closely and keep an eye out for reversals from the next scalp line you can trade them.

Looking at the entry of your last short that resulted in -30 pips you could’ve closed it at break even with a limit order since the price later retraced below your entry point compensating for the spread cost of your entry point.
Just my opinion. Great week on GBP/JPY either way.

In fact, the lines were so visible and whom ever have read the e-book will be able to detect them!!

Thanks again for the great stuff, keep it up.

Cheers,

Just wonder about the trades you entered from the video. As far i know your Scalp line target is 80pips. From the video, i saw that the 1st Scalp line quite near to the 2nd Scalp line(about +/- 40 pips apart). You entered and took around 80pips profit. My question is when the candle broke the 2nd Scalp line, you enter another trade or you entered it after closed the 1st trade?

Well overall that were great trades for this week.
Thanks!

One person did say something interesting above, that you might want to concider, and that was the msg alerts, might be a good spinner for you to host something like that and charge for it to send mobile texts, for learner traders like us to take you up on your offer!!!….. got to be worth looking in to.

Thanks again, hopefully new account in the new year.!!

a couple of things ….
1. people shouldnt trade if they dont have common sense – if you were to update your “weekly” analysis daily then would it not in fact be a “daily” analysis?
2. nice trades, I myself had a bit of an experimental week so my pip count wasnt great but I still scraped out 200 pips or so.
3. the trading session times aside, why would you enter another short after a 200+ pip move? Admittedly I dont pay close attention to GBP/JPY but EUR/JPY rarely goes that far without a bounce at an S/R level.

Cheers,

PS