GBP/JPY Weekly Analysis (Wk Strt Nov/09/08)
Hey Guys,
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.
Watch the video below to see this weeks analysis:
S+R Line Targets
Target: 70 pips
Stop: 70 pips
Scalp Line Targets
Target: 50 pips
Stop: 50 pips
Do not take any of these trades unless you have downloaded and read the free e-Book explaining my method.
Watch the video below to see this weeks analysis:
download (right click > save target/link as)
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Didn't see answers to your questions so I figured I'd try to help out even though I'm a Noob as well.
Ineedmoney - Yes, you are correct sir! If it breaks a Long Scalp Line (resistance) than you want to assume the price will go higher and go long. The reverse is true for the break of a Short Scalp Line (support). From what I read in Nick's e-book you want to target 50 pips on the break of a scalp line.
Lobotrader - ?Solamente 3 o 4 tiempos?
Yo hablo ingles y necesito mirar 6 tiempos porque la video ir muy rapidamente.
Cetlusni - The best thing to do is to print out Nick's e-book and read it when you get a chance. It will give you guidance as to when to enter your trade on the break of the scalp line and what to target. I've read it a couple times now on the train when I go home and each time I pick up something that I missed before. Your answer is in the e-book.
Hope this helps everone out.
RBCOE