Forex GBP/JPY Weekly Wrap-Up (Wk Strt 23/03/08)

Hey Guys,

Last week was a pretty boring week for my trading method, we only got one trade, and it was a 50 pip scalp trade. Even though last week was boring the week before was a 200+ pip week. so what does that mean? Well if you add up all the pips made on this blog the average per week comes out to about 100 pips. I don’t know about you but for me 100 pips p/w is amazing. Continue Reading  »

Forex Weekly Wrap-Up, GBP/JPY Trades (Wk Srt 16/03/08)

Hey Guys,

This week we had three trades (by my count) and all of them were profitable. I only ended up mentioning one trade in the weekly analysis. This is because the first trade happened before I released the analysis and the second I didn’t mention because I rushed through the analysis. I rushed through the analysis because the trade I did mention was very close to being triggered while I was shooting the analysis. I had to rush through so i could get it out before the trade triggered. Continue Reading  »

GBP/JPY trade from the weekly analysis

I hope some of you guys caught this trade. I released the weekly analysis about 1 hour before the trade was triggered. I said I would aim for 50 pips on the first half, move my stop to B/E and try to target more. I would now move my S/L up and lock in 100 pips on this second half. It is at the 198.30 (another S+R line) so it will probably have trouble breaking.

As for the 198.30 S+R line, Continue Reading  »

Forex Education: Weekly analysis for week starting 16th March 2008

Hi guys,

After a great start to the week the market was left in disarray, in my opinion it is dangerous trading immediately after big moves. The market become unpredictable, sometimes you see immediate reversals, sometimes the moves not over, and other time it just begins to range. Not begin sure which scenario we would see I was apprehensive about doing any weekly analysis. Now that the market has calmed down and started ranging (best case scenario) I have been able to do some analysis. Continue Reading  »

Forex Education: No weekly analysis yet for this week

Hey guys,

There is now weekly analysis yet for this week, and no it’s not because I am too lazy to do it. When the market moves a lot it becomes tough to pick some good levels. For example 192.60 is looking good but if it breaks through it too soon I probably wont enter. I need the market to calm down a little before I do the weekly analysis. From next week onwards I will be doing the weekly analysis on Saturdays/Sundays as opposed to Monday. Continue Reading  »

Forex Education: Weekly wrap-up for week starting 9th March

Hey guys,

Last week did not work out as planned. We only had a single trader triggered and it hit the 70-80 pip stop loss. Can’t win them all though, I average about 8 wins for every 10 trades so I expect to lose 2 out of every 10 trades. I think my average may be a little closer to 9 out of 10 this year though as losses have been far and few between.

Anyway better luck this week, Continue Reading  »

Forex education: Weekly analysis for week starting 9th March 2008

Hey guys,

It’s the start of a new week of pip making again and it looks like it could be an interesting week. We have a new 2 year low at 203.44 which should make for a great short if broken. A lot of the times these significant highs and lows cause quite a bit of movement when broken so hopefully it heads down there. On the bullish side we have two lines a scalp at 208.00 and a normal trade on the break of the 208.80 resistance line. Continue Reading  »

Forex education: Weekly analysis for week starting 2nd March 2008

Hey guys,

Had a few issues with my mic and had to buy a new temporary cheap one until the one I ordered comes in. You may notice some distortion with this mic as the quality is not that great.

As for the trades we have two lines this week, the 207.00 is still good for a long and the newly formed 203.44 for a short. Check out the video for the more detailed analysis. Continue Reading  »

GBP/JPY 204.70 break trade

Hey guys,

Even if I got the analysis out on time it would have been way too late for this amazing trade. The first candle of the week caused a short break of the 204.70 line and we got a nice 100 pip move from the break.

If you look back to the weekly analysis for week starting 10th of Feb 08 I mentioned I would enter a short on a break of the line. Obviously that trade never happened until now. Continue Reading  »

Forex education: Weekly wrap-up for week starting 24th Feb 2007

Hey guys,

In the video below I go over last weeks trades. We had three great trades last week and made 150+ pips.

GBP/JPY was moving very fast so I raised all my pip targets for the trades. It worked out well and allowed us to take 70 pips on the scalp trade which oddly enough was the best trade of the week. The next trade I target 100 and got it on the 1st half of the position but the second half was close at b/e. Continue Reading  »

Forex education: Trade update for GBP/JPY 212.00 break

Hey guys,

A few hours after I put out yesterdays analysis in which I suggested a trade on the break of 212.00 for GBP/JPY that trade happened. I said in the analysis I would aim for 70 pips then close half and move my stop to break even. That is what I did, I closed the first half at 212.70 and the second at 212.52. In the video below I explain the trade in a little more detail and I also explain the importance of aiming for a target based on the line and not your entry. Continue Reading  »

Forex education: Weekly analysis for week starting 24th Feb 2007

Hey guys,

Here is the GBP/JPY analysis for this week, I am looking at 4 different lines for breaks. Keep in mind that these are not the only trades I would take, many trades form during the week. Trades based on candle patterns and newly formed lines can be very good and I obviously cannot go over them in the analysis because I do not have a crystal ball. This week I am still looking at to 207.00 and the 214.00 but there are also two lines in between 212.00 and 208.77. Continue Reading  »

Forex education: Weekly wrap-up for week starting 17th Feb 2007

Hey,

Ok we had no trades this week, is that a bad thing? of course not! People seem to their their job as a trader is to be in the market, I think my job as a trader is to be in the market when there is a good trade to be taken. So I do not see weeks like this week as bad I see it as a part of trading and any week with 0 pips loss is a good week in my books. Continue Reading  »

Forex Education: Weekly analysis for week starting 18/02/08

Hey guys,

Weekly analysis is a little late this week and there isn’t much analysis to be done. It has been a boring first day with no movement on GBP/JPY and it could be a boring week. I only see two valid lines at the moment and no scalp lines. Hopefully some trades will form therough candle patterns and new scalp lines throughout the week. Either way we have had a very good few weeks makingĀ  on average well over 100 pips weekly. Continue Reading  »

Forex education: Trade Updates for week starting Feb 10

Hey guys,

Wow what a week, non-stop trades! There have been 5 trades and the week is not over yet. Some of the trades are hard to call and since I wont get back into my full time trading until April I am not 100% sure how they went. From the traders I talk to it seems like a few made profit, a few took a losses but overall most seemed to make profit.

In the video below I go through each of the 5 trades this week, Continue Reading  »

Forex Education: Weekly analysis for week starting 10/02/08

Hey guys,

I had some mic issues today and I could not shoot the weekly analysis at the normal time. I got a new mic eventually and I manged to get it out today. Things have changed a little this week, in my opinion the 207.00 line is not a good line anymore and as I write this I can see that it actually reversedĀ  a little. The analysis I shot was a short time after the initial break and I basically said I was not getting in however that’s not much help now. Continue Reading  »

Forex Education: Weekly wrap-up for week starting 03/02/08

Hey guys,

Based on last weeks weekly analysis we got two great trades worth between 85-150 pips all together. Additionally there was another trade that I could not have foreseen because it was candle pattern based (so I couldn’t mention in the analysis) and it was worth 70+ pips. If you caught that on too you would be up 150-250 pips depending on your entries/exits. All three trades are explained in the video below.

I hope you all had a great trading week! Continue Reading  »