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GBP/JPY Weekly Analysis (Wk Strt Nov/09/08)

Posted by Nick 10 Comments

Hey Guys,

What a great week we had last week. We had three trades and all three were winners making a total of about 150 pips. This week is looking great too. We have four scalp line trades and a possible S+R line trade.

Watch the video below to see this weeks analysis:

:targets:

:ebook:

Related posts:

  1. Forex GBP/JPY Weekly Analysis (Wk Strt 30/03/08)
  2. Forex GBP/JPY Weekly Wrap-Up (Wk Strt 30/03/08)
  3. Weekly Forex Trading Wrap-Up for GBP/JPY (Wk Strt 22/06/08)
  4. Weekly Forex Trading Wrap-Up for GBP/JPY (Wk Strt 13/07/08)
  5. Weekly Forex Trading Wrap-Up for GBP/JPY (Wk Strt 04/05/08)
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  • O’Zeeke

    Thanks again Nick, looking forward to a great week for all. Your effort is much appreciated

  • Christian K

    Thanks Nick for the analysis, have a great week.

  • Mark

    On 11/5, the 12:00 gmt candle and the 16:00 gmt candle had highs of 160.79. It was also the high for the day.
    It looks like it bounced away from 160.79 to me.
    Wouldn’t this be considered a scalp line?

  • NickB

    @Mark: You can use it if you want…. I don’t like it as a scalp so I wont use it. There is no real reason for me not liking it, you can call it intuition.

  • Olby

    Cheers Nick,

    Sterling job.

  • http://www.vaughanhomesgallery.com Jason

    At which point do you set your limit order?

    I’m a noob…

    btw – Thanks Nick, great work

  • Krish

    20 pips on the break of 150.30 line…

  • Christian K

    Hi Nick,

    made 38 pips on the break of the 150.32 line, on my platform the line was at 150.29 and it went past that line 55 pips, to 149.74, so target was made. it hit the 149.75 line a couple times than turned around fast.

    Cheers

  • Fede79

    Hi Nick…
    thanks for your work. I am in the forex world from few weeks…
    I have read your e-book and is very helpful, but i have a question. I have understood how you determine the S/R lines… but how did you do to find these one (the blue lines in the video).
    I use ODL MetaTrader and I only can go back (in the 4HR chart) up to 2 April 2007… so I can’t see any S/R because the market is been always above these area.
    Do you have a software that go back in time further than ODL MT?
    Thanks very much…

    PS: excuse for my English if it isn’t perfect. I am an Italian boy. Thanks again…

  • ashfaq

    thanks nick, got 43pips from the break of the 150.32 scalpline