This Weeks Analysis

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Hey Guys,

Wow this site is getting popular. I had 29 emails today asking when this weeks analysis would be out. Well sadly there is no analysis this week. Did you see last weeks moves? I am going to steal a post from my friend Metalhawk’s blog

Looking at the GBP/JPY chart right now, I don’t see anything I like. Last week, price went one way only, so no scalp line formed, and I hate trading when price is in an area it hasn’t been in a while (it’s been many years since GBP/JPY has been this low), and I find price behavior to be unpredictable in those situations, even with regular S&R lines. So I am not taking any trade for a couple days at least until some familiarity develops on the charts.

Metalhawk trades my method, and he has pretty much said exactly what I was thinking. After a move like this we need to wait for familiarity to return to the market.

Don’t worry though, I wont be taking another break. I will release a article or two this week.