GBP/JPY Weekly Analysis (Wk Strt 28/Sep/08)

Posted by Nick 14 Comments

Hey Guys,

I didn’t bother to do a weekly analysis video this weekend because I wanted to wait and see if G/Y would open with a gap again. It opened with a small gap and now we seem to be getting a bearish breakout.

I don’t see many lines this week, the only new line is see is the 193.10 scalp level created last week. I will be jumping in short on the break of this level.

I will likely do some video analysis later today or tomorrow.

gyscalp

Tags: forex, forex analysis, forex profit, forex trading, forex trading education, forex4noobs, free forex education, free forex signals, gbp/jpy, strt, trade update, weekly analysis, www.forex4noobs.com

gary

I think u have a poor money management right there.
NickB

@gary: I think you’re a little slow seeing that money management refers to position size and risk both of which I have not discussed.
Krish

Great call Nick!! Thanks a lot!!
Christian K

52 pips made, thanks nick.
Wombles

Another great trade Nick.
Many thanks
metalhawk

What the hell does money management have to do here? I took that scalp as well before even seeing Nick was taking it, and got 44 pips out of it.
j8fire

Thanks for the signal, been away form trading for weeks it is great for my first trade to be a winner.
wldavis92648

Nick,

Thanks for the anlalysis. This was a difficult trade to sit through, but both my wife and I hung in there on our respective trades. Unfortunately we bailed out before the full profit target was met. We did make about 50 pips each!

Keep up the good work

WLD
Laurynite

Thanks for the trade Nick i made 40 pips!

You da man!!!
icandoit

Thanks for my first scalp Nick – awesome
dicledafar

45 pips. Thanks Nick.
Nils

Closed with 40 pips profit. Great lesson in this trade: have patience if it goes the other way when a scalp line breaks but retrace a bit, if the momentum is going the right direction stay in.
Tony

Thanks NIick. You are the best!! I closed half after 50 and almost 30 more pips on the other before bailin’ out. Gotta love it.
trio

thanx 4 that nick……52 pips in da bag