About Art of the Chart

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.

Who is Nick B?

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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This Weeks Analysis

Posted 06:35 27 October 2008 | Comments

Hey Guys,

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.