Comments on: GBP/JPY 152.50 Live Trade Video

By: Rich1969

Rich1969 — Mon, 20 Jul 2009 19:33:10 +0000

well done Nick, nice work on this one. would love to see more of these live trade vids’

cheers Rich

By: Ben

Ben — Mon, 20 Jul 2009 12:55:08 +0000

Hi Nick,

It was great seeing you trade live. It was a good example of how to use scalp lines.
Thanks,

Ben

By: Mcfried

Mcfried — Mon, 20 Jul 2009 06:31:45 +0000

very helpfull and much appreciated

By: NickB

NickB — Sat, 18 Jul 2009 22:49:04 +0000

@Capri:

Nice work it was hard to pull in much more from this trade. The momentum was definitely lacking, eventually it moved up but it would have been a long wait.

By: NickB

NickB — Sat, 18 Jul 2009 22:45:41 +0000

@ Nev:

It is just experience. It came to the point when I saw it just could not break that 193.00 area. If it broke it would have likely pushed up but if it spends that long messing around just below it I know its time to get out. Holding it to the .90 level wasn’t the hard part, picking a good exit was harder.

By: NickB

NickB — Sat, 18 Jul 2009 22:43:32 +0000

@piphog:

The plan is to take a video every time I trade….. good or bad!

By: NickB

NickB — Sat, 18 Jul 2009 22:42:40 +0000

@Lawana:

Generally if it is also a psychological level like this one was (152.50)I will enter as soon as it breaks. Otherwise I like to have a 5 pips buffer. It also depends on momentum, if it rushes up very fast and breaks by even 1 pip I will jump in. Momentum plays as does ling importance and strength.

By: NickB

NickB — Sat, 18 Jul 2009 21:51:40 +0000

@Pipsprof:

My parents are Italian, they were both born in Italy and migrated to Australia. I was born in Australia so officially I am an Aussie but I speak Italian fluently (and I look Italian).

Yes I am living in Scotland at the moment. It’s a nice country I am loving it up here.

By: NickB

NickB — Sat, 18 Jul 2009 21:49:25 +0000

@forex beginner:

It’s fine on my end I will try produce the video with sound at high quality next time. It will make the file larger but it might help.

By: NickB

NickB — Sat, 18 Jul 2009 21:47:31 +0000

@Twinky:

hahahaha…. bloody Kiwi’s

Recently I have been looking at lower time frames for exits. However, I tend to do it only with trades that run longer that 20 min. Not much point doing it on at trade that goes for under 10 min like the one in this video. If you can see the trade will rag on a while it can help to switch to a 5 min chart. If ti goes on longer go to the 15 min. Idea is to look for reversal patterns as an early sign to exit.