Comments on: GBP/JPY & GBP/USD Weekly Analysis (Wk Strt Jun/21/09)

By: sagitaire

sagitaire — Mon, 29 Jun 2009 14:38:15 +0000

Hi, Nick! Looking at the GBP/USD today (29/06) on the 4 hr chart @ 10H. 30 EST ( 15h.30 GMT). I see that it’s in a strong “Ranging” zone and I’m waiting for a breakout. If this pair breaks above Res.(my line) @ 1.6600, would you consider a Long entry at this point?

Just testing my theory.

Keep up the good work.

By: ThePhoenix

ThePhoenix — Mon, 22 Jun 2009 13:10:06 +0000

LOL, I did the same thing. Got bored with nothing to do trading wise and started fiddleing with other pairs and looking for scalps. I put down the exact same lines.

By: Ed

Ed — Mon, 22 Jun 2009 11:29:06 +0000

Thanks Nick, Looking forward to see how this week will ride the market wave.

By: nathan

nathan — Mon, 22 Jun 2009 11:03:07 +0000

Hi Nick

I’m really glad that you are publishing your method on the GBP/USD. Could you tell me how many pips your using for your Stop Loss and Take Profit and how many pips you are looking the lines to be broken by for entry?

Many thanks

Nathan

By: Alps

Alps — Mon, 22 Jun 2009 09:44:57 +0000

Hi Nick,

Thanks for the update. Since price was already above 1.6183 at the time of your analysis, should we not be shorting it at 1.6183 instead of long.
Thanks

Alps

By: damien

damien — Mon, 22 Jun 2009 09:07:25 +0000

Thanks Nick, It will be great to trade GBP/USD,be interesting to see how they develop
Damien

By: tjon

tjon — Mon, 22 Jun 2009 07:26:07 +0000

i trade only GU.but normal watch your GJ analysis.you are a cool trader.thanks so much.

By: tjon

tjon — Mon, 22 Jun 2009 07:19:21 +0000

the lines you picked are very correct.i had them on my chart since week before the last,before the market went into a large pips range.6663 and 5800 are highly prominent,however like you said one has to be very careful of taking a trade around 6183.GOOD WORK NICK KEEP IT UP AND HAPPY TRADING TO ALL.

By: marvin

marvin — Mon, 22 Jun 2009 06:27:26 +0000

Hey Nick just wondering if your stop loss and take profit on the Gbp/Usd will be 50 pips like on the Gbp/Jpy. Thanks Nick

By: Khaled

Khaled — Mon, 22 Jun 2009 06:13:40 +0000

Hi Nick,

Should 1.6183 on GBPUSD read “short” instead of “long”?

How you been anyway? Still in Scotland?