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GBP/JPY New Live Trade Video

Posted by Nick 19

Hey Guys,

I have decided to start shooting live trade videos again. This is my first one, it was a GBP/JPY short scalp trade on the break of the 133.28 scalp line on the 19th of December.

You may notice I took the break of 133.28 and not 133.60 even though 133.60 was the actual scalp. The 133.28 showed heavy support on the 5th of December. For this reason I thought it would be a better idea to wait for that support area to be broken to enter the trade.

I think you will enjoy this one guys:

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Related posts:

  1. Possible GBP/JPY trade – Extreme Caution
  • Larry EC

    Thanks for posting this video-Great Job. It is good to see it all. Good and not so good.

  • Ran

    Hi Nick,

    I can see the scalp level you used 133.28 set on Dec 5 but why did you ignored the Dec 12 candle which alredy broke the scalp level from Dec 5 and by that made the Dec 5 scalp level not valid.

    Thanks
    Ran

  • dabestone

    hey nick nice video :) By the way, is it possible that you enable it for download? Would like to download it so that I can watch it time by time. Thanks.

  • NickB

    @Ran: Did you bother to read the post Ran?

    “You may notice I took the break of 133.28 and not 133.60 even though 133.60 was the actual scalp. The 133.28 showed heavy support on the 5th of December. For this reason I thought it would be a better idea to wait for that support area to be broken to enter the trade.”

    Even though the line was broken it was still an area of support, I decided it would be better to wait for that support to be broken as it could likely reverse there.

  • Ran

    Thanks Nick and yes I have read the post before sending my question. You din’t mention the fact that 133.28 was already broken and just wanted your thoughts on this issue. Usualy when a scalp line is broken you don’t use it any more.

    Thannks again
    Ran

  • John

    Apparently I am missing something. Why was the 133.60 line a scalp line? I followed it back, but didn’t see any reason for it’s selection. There were some lows near it, but not specifically on it. Thanks!

  • O’Zeeke

    Thanks for this valuable lesson Nick

  • CoolJ

    Hi Nick,

    Thanks for the video. I’m encouraged that I’m not the only one this happens to :-) . We have to learn from our mistakes. What I need to do is write down strict rules for trading and post them in front of me when I trade!
    Keep up the good work, your site has been invaluable for me and is my home base for Noob trading.

    CoolJ

  • Helltopia

    Nice vid Nick, encouraging to see pros make mistakes as well :)
    Just finished DL your vid course, looking forward to watch it during the holidays.
    All the best,
    Chris

  • Harald

    Thanks for the honesty! MUCH appreciated!

  • ansitrader

    hi dear..i couldnt see the video..any 1 can plz tell me how do i??

  • morris

    Hi Nick, i thought the trade was a good one, from set up to execution, keep up the good work

  • ferdonfx

    hello nick,

    i am very glad for the post you sent , but i can’t view the video so how can i do that thanks.

  • Rich1969

    And there was me thinking I had the monoply on making stupid mistakes!

    Well at least you sounded like you was enjoying making this vid ;-)

    and fair play for posting up a cock up, hopefully some newer traders will learn from this.

    cheers Rich.

  • big

    Do u guys realise he is a scam? He says he trades on efx account and here he is trading on an MT4 platform. What a joke. Those who buy his E-book i can say good luck to your money, u could have gotten something better than this.

  • chartguy

    Nick, I think its great that you posted a video of a trade that didnt work. Nothing works 100% and I know I have had a lot of similar trades (entered the break of a scalp and had the trade reverse). Great stuff, love the site!

  • NickB

    @big:
    I do not sell an e-Book and I have multiple accounts, EFX is only one of them. The problem with EFX is they do not have good charting so it would make for a pointless video if you couldn’t see charts.

  • Maori Pip

    Kia Ora Bro,
    Good to see you are back into posting live trades & even better to see that you have a sense of humour about cocking up. Not too sure what ‘big’ is on about given that your e-book is FREE and works well alongside of your new material (Master Candle e-book). Regardless, keep em coming bro and look forward to your next e-book up-date ?????

  • http://twitter.com/Jay_MTF Jason Ayala

    Lol…Nice HONEST post Nick… :)