Catching GBP/JPY Off Guard – 07/20/09

Here is a trade that I took earlier on today based on a few different reasons, but primarily on Market Cycle.  Judging from the levels of GBP/JPY at the time of entry and combining with my overall long-term outlook for this pair, and just the general fundamental outlook for the Sterling (GBP) this week, I felt very confident in taking this trade and seeing it to profit in less than 2 hours. 

If you have a couple of minutes to spare, make sure you watch the video below as I show you the basics of Market Cycle trading.

[flv:http://www.newsprofiteer.com/072009-marketcycle/072009-marketcycle.mp4 480 360]

Related posts:

1. USD NFP Market Cycle Trade – 07/02/09
2. Forex Trade Plan & Video For UK Retail Sales 07/22/10
3. UK Retail Sales m/m 11/19/09
4. Forex Video & Analysis For UK Retail Sales 8/19/20
5. UK Retail Sales m/m 12/17/09
6. UK MPC Meeting Minutes 08/19/09
7. UK Retail Sales m/m 09/17/09
8. UK Retail Sales m/m 08/20/09
9. UK Retail Sales m/m 10/22/09
10. Will UK Services PMI Push GBP/USD Above 1.60? [Analysis + Video]

Tagged as: Forex, Forex System, GBP, GBP/JPY, Henry Liu Forex System, Henry Liu's signature Forex Trading, JPY, market cycle, Market Cycle Trading, risk aversion, Sterling, trade