GBP/JPY Weekly Analysis (Wk Strt Aug/16/09)

Posted by Nick 11 Comments

Hey guys,

Here is the analysis for this week, I had to do it quick as the 153.85 scalp line is about to break. Have a great trading week!

:ebook:

Tags: gbp/jpy, scalp line, strt, weekly analysis

okanemochi

I had a potential scalp line at about 155.95 (formed Wednesday of last week). Can anyone advise me as to whether or not that was a valid line?
slimpippins

Hey nick, any updates on that longterm trading ebook you spoke about in Jan? I’ve been looking forward to it.
kk

another loss….
Damien

Nick
Thanks for info, tough one i’m goin for a walk
Damien
Sid

Nick, same question — I thought 155.95 was a valid scalp line as it had two bounces and then it broke succesfully for the short. Cheers.
MattW

Nick, how did you get on with the 153.85?
Ed

Hey Nick; so long I have not write on this blog. Just to let you know I enjoyed the webinars, learned a lot from them and it’s going pretty good so far. I’m using s/r lines as reference now my main system now is weekly pivot points and I have had 4 weeks of straight winnings with it. It’s sad to hear this one didn’t work out for a lot of people because it worked for me and made me 100 pips+. As I said I didn’t trade it as you do, I just used it as a guidance. Again thank you for giving us all those weekly analysis I appreciate them very much.. keep up the good work!
spookie94

Nick,
Did you let your SL kick you out of this one? I noticed that a reversal candle appeared on the 1hour, would this be a sign to maybe cut your losses?
nika

Hi, Nick
about the 153.85, i took 30p

thank you for the analysis
PipMachine

Nick – wondering why you did not have the 156.96 short line in your analysis. Recent sharp dive and retrace, and right below psycho 156.00. I was watching G/Y last night planning to short this line. Price was hovering around 157.20-50 then POW! It gapped down 26 pips straight to 156.95, and right at 00:00 GMT! I scrambled to get a short order in. Got 50 pips. Was I lucky or good?
mike

any updates on 153.85? retraced immediately in my chart within minutes=(