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

Posted by Nick 6 Comments

Hey Guys,

Here is this weeks analysis guys..

:ebook:

Sorry, this video is broken. Please email support if you want us to fix it.

Related posts:

  1. GBP/JPY Weekly Analysis (Wk Strt Nov/01/09)
  2. GBP/JPY Weekly Analysis (Wk Strt May/24/09)
  3. GBP/JPY Weekly Analysis (Wk Strt May/03/09)
  4. GBP/JPY Weekly Analysis (Wk Strt Jul/19/09)
  5. GBP/JPY Weekly Analysis (Wk Strt Aug/02/09)
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  • Ran

    Hi Nick,

    Both reversals you mentioned in the vidio were not reversals you would have traded: 04/11/09 16:00 reversal bar was during US session (and you don’t trade US session) plus it was during FOMC Statement plus after Federal Funds Rate news. The second reversal on 05/11/09 triggered with GBP Official Bank Rate news. But I agree these patterns were good reversal patterns

    • NickB

      HI Ran you’re right about the 5/11 break being caused by the FOMC statement. I was wrong on that count, sorry I mixed up reversal trades. However on the 4/11 the candle formed in the NY session during the statement but did not break until some time later so that one was a valid reversal. The actual entry would have been in the asian session….

  • Ran

    read my message again and it looks like I’m talking on your behalf.. I wouldn’t have traded these patterns and please correct me if I’m wrong

  • mrmoneyjimbob

    Many thanks for the weekly analysis Nick keep it up I look forward to it every week.

  • Band17

    Cheers Nick…..when you going to be in the chatroom again ?

  • O’Zeeke

    Thanks again Nick