Weekly Forex Trading Wrap-Up for GBP/JPY (Wk Strt 15/06/08)

Posted by Nick 6 Comments

Hey guys,

Not much to say just watch the video below for last weeks Forex wrap-up. I talk about USD/CAD and GBP/JPY trades. Check it out:

luigi

Thanks men got the scalp at 212.80 ,thanks to your trading method I new that line will be profitable I only got 40 pips because of the slow momentum
kathy

very informative review this week. 212 was broken a few times this week, and you mentioned that with each break, the s/r becomes weaker but when does it become invalid? i believe that once invalid, it needs a bounce from that level to become valid again
PipHacker

Hey Give me a break… Man you didnt seems to me of just 22. lol
Genious
Thanks for your time Nick
Christian K

Hey Nick,

On the USD/CAD the break of the scalp 1.0152 was due to news so I didn’t take that trade (check out the 15 minute chart). it actually gapped down past the line and came back up then down.
http://www.innergysoftware.com Victor

Hi Nick,
For GBP/JPY, I noticed that a scalp line formed at 210.56 -> I was wondering why you didn’t take the trade when that line got broken shortly afterwards?

Thanks.
admin

Victor »
Hey Bluestar

That was not a scalp line. I think you have the video course right? check out the info on scalp lines. I will release a small update today to explain a little better what to look for on scalps.