Comments on: GBP/JPY & GBP/USD Weekly Analysis (Wk Strt Jul/05/09)

By: romolo

romolo — Wed, 22 Jul 2009 13:19:39 +0000

Hi Nick, I’m an absolute beginner and I try to follow the Nick’s method. Today I grabbe 60 pips, I entered long at 153,00 and I exit at 153,67. Is it something I should be proud of? Or I did something reckless and I was only lucky?
I trade with the Alpari MT4 demo. It can operate only stops loss/profit 70 pips distant from the market price. Isn’t that too much? Sholud I download some other MT4 station.
I thank you very much Nick for the lots of information and tips I get on the forex4noobs. That is not only precious, but also very interesting.

By: NickB

NickB — Mon, 06 Jul 2009 22:30:23 +0000

@nika:
It’s all in the e-Book. I enter the trades when the prices reaches the lines. I do not enter pending orders.

By: nika

nika — Mon, 06 Jul 2009 21:59:19 +0000

Hi, Nick, i am sorry about the question but i am still learning. I have noticed that you post the charts for the new week on Sundays, does this mean that you place the orders Sundays? Also in your last post Jul 05/09 you have 1 long,2 shorts for GBP/JPY and 1 long, 2 shorts for GBP/USD – it means 6 orders, do you place them all on Sunday?

Once again sorry about the questions, but i am very, very new to Forex.

Thank you

By: Monster

Monster — Mon, 06 Jul 2009 16:45:13 +0000

@ Nick,

Ya thats the one, on your post showing the orange scalp lines, it was set @ 162.83, but 162.55 is the correct one.

By: NickB

NickB — Mon, 06 Jul 2009 15:24:58 +0000

@Monster:

Do you mean the 162.55?

That is still valid since it doubles as a yearly high.

By: Monster

Monster — Mon, 06 Jul 2009 15:11:02 +0000

I noticed there’s still the 162.83 Long from 3 weeks ago, is it still valid? I’m Guessing its not as per the revised Nick B method blog, however just looking confirm

By: GP

GP — Mon, 06 Jul 2009 13:18:49 +0000

I got 31 pips… not brave enough to set for 50 pips… its a pending trading…

By: NASH

NASH — Mon, 06 Jul 2009 07:45:18 +0000

*pips*

By: NASH

NASH — Mon, 06 Jul 2009 07:44:55 +0000

thanks nick
i got 40 pis in gbp jpy at break of 154.00

By: sagitaire

sagitaire — Mon, 06 Jul 2009 02:10:30 +0000

Hello Nick. Time is 22hr.00 EST (03hr.00 GMT) here in Montreal and I’m looking at the GBP/USD with PRICE at 1.6288 apprx. Your signal, for this pair, gives a SHORT entry @ 1.6183. That’s currently over 100 Pips away from your entry point. So does one wait, patiently for the Price to arrive, or pass this “line” before taking a position.

Just curious and hoping to learn more.