At the beginning of each week, I release video analysis showing all the possible trades based on my trading method for the upcoming week. I trade only GBP/JPY and average about 100 pips per week. I take trades based on support and resistance lines, candle patterns, and price action.
My method is very simple but before you trade it you should download my free PDF manual. It is important that you understand how I trade instead of just jumping in blindly when a trade is triggered. The goal is for you to become a consistently profitable trader, so start reading and learning.
Nick Bencino is a professional Forex trader with 5 years experience.
He is also founder of Forex4noobs.com from which he teaches new traders how to trade the Forex market.
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Since BabyPips is mainly a trading community for traders in training, I thought I would do a series of posts, over the coming weeks, covering some basic stuff. So let's gets started by finding a good source of Forex education. In this article, I will explain as a new trader, what information you need, where to get it and how to use it.… More…
Who is taking your trades? Is it you or your trading method? Every day I see traders blindly following the signals given to them by their trading method. It is almost as if they're mindless robots just jumping in because their method says get in. They throw money into the market without even thinking, and it costs them big.… More…
So many traders out there are trading blind. There are certain vital pieces information every trader should know at the beginning of each trading week. I thought I would put together a quick check list of what you should look at every Sunday before market open and why.… More…
A trading system is just a tool. What makes it work is the trader behind the system. The trader dictates whether the system works or fails. When you take a tool that a trader custom builds and try to use it in your trading you will likely find it difficult. Does this make you a bad trader?… More…
Hey Guys, Another two winners this week plus the three from last week for total of five winners to start of 2009! It's Good to start the year off with a little winning streak, lets keep it up!… More…
Hey Guys, Here is the weekly analysis for this week. We had an amazing start to the year last week with three winning trades so lets make this week good too.… More…
Over the past few months, the market has been moving abnormally, due to the financial crisis. If you take a look at some weekly charts, you will see a major trend that moves mostly in a single direction. With some indicator based methods major trends mean easy pips. The problem is markets change because they move in cycles. Eventually, we are going to see a slowing down of momentum and certain indicator based methods, that worked well in trending markets, will begin to fail.… More…
In my last weekly analysis post I mentioned two long scalp line trades I would be taking: Long @ 135.05 targeting 50 pips +50 Long @ 139.20 targeting 50 pips +50 Both of them were winners 50 pips being made easily from the breaks.… More…
Hey guys, Happy New Year, hope you had a great break. It's time to get back to trading. The markets will likely be quiet until next week but I will be watching closely. Here is the weekly analysis for this week:… More…
Grab my new free NickB method Master Candles e-Book and learn how to trade master candles.… More…
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