tag:www.babypips.com,2011:/blogs/art-of-the-chart//31 2009-02-09T18:27:00Z 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. tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3030 2009-02-04T22:30:36Z 2009-02-09T18:27:00Z

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.

Nick B 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. tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3029 2009-01-22T19:54:44Z 2009-02-09T18:26:59Z

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.

Nick B 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. tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3028 2009-01-17T09:53:10Z 2009-02-09T18:26:58Z

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.

Nick B 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. tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3027 2009-01-14T04:57:22Z 2009-02-09T18:26:58Z

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?

Nick B 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? tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3026 2009-01-13T07:56:14Z 2009-02-09T18:26:57Z

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!

Nick B five winners to start of 2009! It's Good to start the year off with a little winning streak, lets keep it up!]]> tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3025 2009-01-12T15:36:38Z 2009-02-09T18:26:57Z

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.

Nick B 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. tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3024 2009-01-10T18:51:33Z 2009-02-09T18:26:57Z

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.

Nick B 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. tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3023 2009-01-08T12:11:05Z 2009-02-09T18:26:57Z

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.

Nick B +50 Long @ 139.20 targeting 50 pips +50 Both of them were winners 50 pips being made easily from the breaks.]]> tag:www.babypips.com,2009:/blogs/art-of-the-chart//31.3022 2009-01-05T07:46:35Z 2009-02-09T18:26:56Z

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:

Nick B 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: tag:www.babypips.com,2008:/blogs/art-of-the-chart//31.3020 2008-12-16T20:37:37Z 2009-02-09T18:26:55Z

Grab my new free NickB method Master Candles e-Book and learn how to trade master candles.

Nick B Grab my new free NickB method Master Candles e-Book and learn how to trade master candles. tag:www.babypips.com,2008:/blogs/art-of-the-chart//31.3018 2008-12-15T21:54:48Z 2009-02-09T18:26:55Z

Master candles were first introduced to me by a fellow trader from my site. They're very simple and fit in well with my trading method. Master candles are basically two scalp lines that form a recent high and low on a 1hr candle. You can use master candles on higher timeframes but I use them only on the 1hr.

Nick B Master candles were first introduced to me by a fellow trader from my site. They're very simple and fit in well with my trading method. Master candles are basically two scalp lines that form a recent high and low on a 1hr candle. You can use master candles on higher timeframes but I use them only on the 1hr. tag:www.babypips.com,2008:/blogs/art-of-the-chart//31.3017 2008-12-15T21:52:02Z 2009-02-09T18:26:54Z

That's why scalp lines are so effective at the moment because they are based off current price action. SO what do we do? WE ADAPT! We do not use S+R lines until the market reverses and moves towards more familiar prices, where there is more history to base S+R lines accurately.

Nick B That's why scalp lines are so effective at the moment because they are based off current price action. SO what do we do? WE ADAPT! We do not use S+R lines until the market reverses and moves towards more familiar prices, where there is more history to base S+R lines accurately. tag:www.babypips.com,2008:/blogs/art-of-the-chart//31.3016 2008-11-09T19:31:12Z 2009-02-09T18:26:54Z

What a great week we had last week. We had three trades and all three were winners making a total of about 150 pips. This week is looking great too. We have four scalp line trades and a possible S+R line trade.

Nick B What a great week we had last week. We had three trades and all three were winners making a total of about 150 pips. This week is looking great too. We have four scalp line trades and a possible S+R line trade. tag:www.babypips.com,2008:/blogs/art-of-the-chart//31.3015 2008-11-06T20:57:27Z 2009-02-09T18:26:53Z

Imagine a small losing streak of just 5 trades risking 3% on each; it would cost you a massive 13% of your account. Think about that for a second, 13% of your account wiped out by just a handful of bad trades...... if you're a trader the very thought of that should send shivers down your spine.

Nick B Imagine a small losing streak of just 5 trades risking 3% on each; it would cost you a massive 13% of your account. Think about that for a second, 13% of your account wiped out by just a handful of bad trades...... if you're a trader the very thought of that should send shivers down your spine. tag:www.babypips.com,2008:/blogs/art-of-the-chart//31.3014 2008-11-05T01:07:25Z 2009-02-09T18:26:53Z

Meet Jack: Jack is a professional trader. He makes all his money trading the Forex market. He has been trading for five years. He is patient, disciplined and, in his trading, he is fearless. Meet Tom: Tom is a newbie. He barely manages to break-even with his trading. He has been trading for six months. Tom takes unnecessary risks as he is undisciplined, and he panics when he takes a trade.

Nick B Meet Jack: Jack is a professional trader. He makes all his money trading the Forex market. He has been trading for five years. He is patient, disciplined and, in his trading, he is fearless. Meet Tom: Tom is a newbie. He barely manages to break-even with his trading. He has been trading for six months. Tom takes unnecessary risks as he is undisciplined, and he panics when he takes a trade.