Reminder: Save 30% Off Nial Fuller's Pro Forex Trading Course & Daily Trade Setups Newsletter (Ends August 31st) -
Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

author thumb
By in Forex Trading Articles on | 57 Comments

I speak with many students and traders, and one thing I have noticed is that many of them are looking for trades, almost as if they are addicted to the ‘hunt’ (because they are). Being over-eager to move on to the next trade is something that can and will destroy your trading account.

When I first started trading, I was probably a lot like you are now; I didn’t know what a good trade looked like and I was often unsure about my trading approach.

Over time, I realized that the best trades I’ve taken, tended to simply appear; I wasn’t searching for them, they simply ‘walked into my hands’. After plenty of trial and error, I finally committed to the sniper-like approach and mentality that I have now. I am never in ‘need’ of a trade, I follow the markets because I like to, and if a trade signal pops up that I like, I will trade it. I simply stopped looking for trades, and they started to find me instead. Maybe it sounds cliche, but it’s true.

I am never out there ‘hunting’ for trades. The reason why is simple, it’s because the trades that are worth risking money on, and that have the best chance of bringing you a big return, are typically so damn obvious, that there’s no way I will miss them. I don’t want to be bothered with low-probability trades that are difficult to determine whether or not they are occurrences of my trading edge.

The more you have to wonder if a trade setup is actually a valid trade setup or not, the less chance it has of working out. I know that may sound a bit subjective, but it’s true, and after you gain more training and experience, you will realize what I’m saying is accurate.

How to let trades ‘find you’…

  • The market will always be there

The first way to solve the problem of looking too often and too hard for trades, is to remember that the market will always be there. Take a deep breath in and exhale, remember, the market has been here before you were born and it isn’t going anywhere. There will always be new opportunities on the horizon, so don’t worry if you miss one here or there. There is no rush, you are not in a race against time or against anyone. It’s critical you understand these points and infuse them into your trading mentality if you want to succeed, because the less desperate you feel to trade, the more likely you are to succeed over the long-run.

  • Daily charts only

The next thing that I realized after years of trial and error, was that if I ONLY focused on the daily charts, I naturally traded a lot less. This helped me to avoid over-trading and losing money unnecessarily. I will admit, you need enough self-discipline to do this, because it’s very easy to just flip open the lower time frames and ‘see what they’re doing’ quick. But, the second you do this, you’ve broken your rules and you’re opening yourself up to the temptations of the market. Remember, you are trying to change your habits and your routine to be more productive for you over the long-run. This means you must be disciplined and fight the urge to constantly trade. The way you do this is by planning what you will do in advance and sticking to it. So, part of your plan will be only looking at daily charts, this means to make it work, you must stick to that rule.

Keep in mind, you won’t have to only look at daily charts forever, just long enough to learn that the best trades will stick out and be obvious on higher time frames like the daily.

  • Slower, more relaxed analysis.

Remembering that the market will be there tomorrow and to only focus on the daily charts will help you develop a slower, more relaxed approach to your chart / market analysis.

When you take a slower, more relaxed approach to your market analysis, you will be watching the charts with less attachment, the directional bias you have will not constantly change because daily and weekly charts naturally move slower than shorter time frames.

I have written extensively about this trading approach in other articles. You can check them out here: Trading like a Sniper and What Lions can Teach You About Trading.

Your basic plan is to locate TLS: trend, level, signal, and eventually you will turn on the computer, load up your chart and you will see the trades either ‘jumping out’ at you, or not. When you see things lining up and it just makes sense, at that point, do not hesitate; pull the trigger.

Conclusion

When I realized that the best trades were also the most obvious ones, it changed my trading perspective and the course of my trading career forever. The fact that you don’t have to trade a lot to make a lot of money over the long-run, and that the best trades are the easiest ones to spot, seems obvious, but most traders overlook it. They are not properly trained in how to think and trade this way.

A certain level of trading knowledge / expertise must be reached before you can flip on your charts and easily see if a good trade is there. The key is, once you attain this knowledge, build a plan out of it and stick to it. Due to the fact that the trades worth risking money on will be so obvious you won’t have to look very hard for them, in a way, they will be ‘looking for you’ because they will stand out so obviously to you.

When you learn to let go from feeling like you ‘need to trade’ to just sticking to your method / edge, the charts will get a lot clearer and easier to read. This is where I am today. I can open any chart of any market and quickly analyze / scan it and tell if there’s a trade or not, in a matter of seconds usually. This is where I want you to be.

PLEASE LEAVE A COMMENT BELOW – I WOULD LIKE TO HEAR YOUR FEEDBACK :)

QUESTIONS ? – CONTACT ME HERE

MEMBERSHIP SPECIAL: Until August 31st, Save 30% Off Life-Time Membership To Nial Fuller's Pro Trading Courses, Daily Trade Setups Newsletter & VIP Members Community - Click Here.
author image

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. Roy Peters July 18, 2017 at 11:29 pm

    Thank you nial. Another awesome article. These gems are worth a wait in Gold.

    Reply
  2. Prashant Sarnaik April 22, 2017 at 4:11 am

    Completely agree with you SIR
    A nice article once again
    Thanks a lot

    Reply
  3. jayadipa February 5, 2017 at 9:40 pm

    really appreciate your lesson and give me more insight…May I know what your platform trading? brokerage mt4 platform? regards

    Reply
  4. Catherine January 31, 2017 at 10:49 pm

    Thanks Nial, another valuable teaching article.
    Catherine

    Reply
  5. Ogini January 31, 2017 at 7:46 pm

    Nial Fuller! You are the best, I read this b4 now in your blog, and I have been practicing it. The results are awesome.

    Reply
  6. Zainuddin B Abdul Wahid January 30, 2017 at 6:57 pm

    Thanks Nial. Very good advise.

    Reply
  7. Karen January 30, 2017 at 5:20 pm

    Thank you Nial, this has been very insightful and i will definitely adopt this mindset to my trading approach

    Reply
  8. Rufus January 30, 2017 at 6:03 am

    Very good tip on trading. Well done and thanks.

    Reply
  9. yusuf January 30, 2017 at 3:26 am

    Learned A Lot

    Thank You very much Sir!

    Reply
  10. Arun January 30, 2017 at 12:44 am

    Great article Nial.
    Thanks,
    Arun.

    Reply
  11. Braimah January 29, 2017 at 11:46 pm

    Dear Mr Nail.It seems as if you are reading my mind. I have lost many accounts and just wondering what other steps I can take towards solving my problem when this article suddenly pops in. I totally believed all.what you have said. I would start to follow your advice from now. Thanks a lot for sharing hour hard earned experience with us

    Reply
  12. Itumeleng January 29, 2017 at 11:36 pm

    Thanks Mr Nail,your articles gives me a positive way about trading,i’m still learning not yet a trader but I have a mentality of a pro when coming to trading obviously Learn to trade the market teaches me every corner,keep teaching me about trading.

    Thanks.

    Reply
  13. Richard January 29, 2017 at 8:08 pm

    Your advice and approach are spot on Nial.

    I have a very hard time sticking to the daily time frame- I feel like I need to look under the hood for quicker trades [lower time frame]

    Will write a post-it on my computer—- Daily Time Frame Only Allowed

    Reply
  14. Rebecca Calkins January 29, 2017 at 3:53 pm

    Wow! Thank you so much. This really hit home with me. I love the approach and can see where I need to modify my method to bring it close to this one, so I can start hitting the winners and leave the fakers alone.

    Reply
  15. vijay January 29, 2017 at 8:04 am

    Nail,
    You are perfect!
    Thanks

    Reply
  16. richadi36 January 29, 2017 at 1:37 am

    Brilliant article, thanks Nial! I’ve been reading Your posts for about one and half years since that time I’ve grown a lot as a trader. Truly, since I started to trade only daily charts I began to profit and now my account is growing every month.
    Thanks again for Your invaluable posts, my Brilliant Mentor!

    Reply
  17. Manraman January 29, 2017 at 12:40 am

    As always, your articles are eye opening. This is of course a great guide to a beginner like me. Only I can say, thank you very much.

    Reply
  18. martin swinn January 28, 2017 at 6:42 pm

    Yet again Nial, you come up with another great article. It is getting harder and harder to say which is my favourite but this one is up at the top, until you write another great one. One of the best things i have taken on board from you is finding yourself in trading. A couple of years ago i had every chart open and trying to trade different style’s at the same time . It was a car crash and put me back a while mainly in my head as i had lots of bad habits and poor mindset. Now i follow 3 charts and i am more relaxed in my approach. The trades are better planned and better quality and has made me love trading even more. Cheers Man

    Reply
  19. Jamzy DE ever January 28, 2017 at 6:09 pm

    This is one of the best Articles I have come access since the my trading carrier … Thanks Alot NIAL

    Reply
  20. stuart aitken January 28, 2017 at 6:05 pm

    If everyone listened to this advice many of us would reach our goal in a much shorter time frame . Switch your ears on everyone and listen to an expert . Great advice Nial again.

    Reply
  21. Ahmed Mohamed January 28, 2017 at 3:31 pm

    Thank you Nial,

    This is very true, we are always looking for new trade and try to catch all moves.

    Thank you very much.

    Reply
  22. Joshgun January 28, 2017 at 2:21 pm

    God bless you master Nial.Good job.

    Reply
  23. Peter January 28, 2017 at 2:02 pm

    Great article. I follow the markets because I like to. That line speaks to me. I LOVE to identify setups as they are forming. Before they signal an entry. Then I “honor my analysis” by taking a position when it occurs. The way that it plays out afterwards is realy nothing more than a higher probibity of the market moving in my favor than not – based on good, solid analysis. I do not take losses personally. It’s pointless. When you start to win more than you lose it feels Divine. That’s why I trade more than anything – because ai like to. All of Nial’s articles are really good. This one’s great.
    Thanks Nial. I appreciate you.

    Reply
  24. mirza akhtar January 28, 2017 at 1:53 pm

    Dear Niel, As always, authenticated article, brief, informative. Master makes followers and that is you. Your article snipper not machine gun is my favourite article.

    Reply
  25. Adam January 28, 2017 at 8:15 am

    This was one of the best articles I read on your site. Its so simple and clear and makes perfect sense. Thanks Master Nial

    Reply
  26. Fabio Restrepo January 28, 2017 at 7:56 am

    Thank you Sir. It looks so obvious after Reading your Article. But it takes a lot of nerve to enter into a trade. There is a mix of guilt for not making money, not trading, but the time keeps going on. I feel the psychological NEED to trade or I am wasting my time. FORTUNATELY, we have your help and guidance by learning what you teach in your Courses. Like you say, it takes time and discipline, and that it is so important to have a Teacher like you Sir, to show us the way. Thank you so much again. Fabio

    Reply
  27. Thambirajah January 28, 2017 at 6:26 am

    Brilliant Nial. When you trade less you loose less. Nice one.

    Reply
  28. Chynado January 28, 2017 at 6:05 am

    My man, remain blessed
    You are a reliable authority in price action trading which I call the best trading strategy.
    Thanks Nail…

    Reply
  29. MichaelB January 28, 2017 at 5:50 am

    All very true Nial…however, fighting the “need” to trade also depends vastly on your account size/trading capital: “the fact that you don’t have to trade alot to make a lot of money” can be stated another way, i.e. : the more money you have, the easier it gets. This critically means setting realistic targets and expectations from the outset…Thanks for another great article!

    Reply
    • Nial Fuller January 28, 2017 at 9:59 am

      Michael, That is true, to a point. However, if you’re implying that you have to trade more on a smaller account, this is the wrong mentality. The exact same way you would succeed trading a small account is how you would on a big account. If you trade a lot on a big account, you’re much more likely to lose money, just as with a small account. The problem is that it can take a long time to build a small account, but that is just something you have to accept if you want to succeed. A one-year successful track record on a small account, even if the dollars gained aren’t big, is still very impressive and proves you can trade and could even get you attracting investors. Sadly, most traders don’t have the discipline and patience for that, and they end up over-trading on a little account and losing it.

      Reply
  30. Rahamut Mohammed January 28, 2017 at 5:24 am

    You know, This is exactly what I started doing over the last three months and it has worked wonders. I have stopped worrying about losing and have started making back my losses over the last two years. The fact that I still have my account after two years shows that I am doing something right….but I was not making profits. I have stopped looking at profits and now spend my time on my system. It is surely paying off. Thanks Neil for confirming what I have come to realize.

    Reply
  31. Thabo January 28, 2017 at 5:20 am

    Hi Nial
    Thanks for your informative articles and can’t wait to join your school & community of traders.
    I experienced the inaccuracies of short time frames and “RSI / CCI” indicators.
    I agree with you based on my experience that if you could follow the abovementioned, you will chase the trades and overtrade trying to make profits from different trades.
    Your analogy of crocodiles tactics is my guifing principle and as result I am improving on trading sincemy exposure to your articles.

    God Bless U Sir and your family

    Reply
  32. Jonathan C Pahl January 28, 2017 at 4:48 am

    Poncho says Thanks Nial, when I have used the price action setup as instructed I have batted 1000 on my trades but as you pointed out I get frustrated hunting new trades and even more so when I miss big movements. I quit the 1 hr. in favor of the 4 hr but still have the same problem and revert back to the 1 hr. So I am ready to follow your advice on trading the daley.
    If when in a long term daley trade that is moving strongly in a favorable direction do you approve of leaving the trade open over the weekend?

    Thanks as always for this great trading course and your insight and advice
    Poncho Pahl

    Reply
  33. Reginald January 28, 2017 at 4:14 am

    Great article as always,it’s nice of you sharing the skills u have acquired over the years in your trading career.

    Reply
  34. festus January 28, 2017 at 4:11 am

    Please I want your insight on weekly chart. It seems to make tradinh a lot more easier.

    Reply
  35. Mohammad Haghshenas January 28, 2017 at 3:52 am

    Dear Nial,

    Your paper is so much smart lantern.

    Regards

    Reply
  36. Glenn Zellars January 28, 2017 at 3:47 am

    You are very insightful. You are definitely teaching me.

    Reply
  37. Ivane Zurabishvili January 28, 2017 at 2:56 am

    as always, excellent article, thanks Nial!

    Reply
  38. Pete Johnson January 28, 2017 at 2:28 am

    This is Truly a key point to be a successful trader, thanks for driving the point home, don’t want to take on the mentality of a gambler. Thanks Nial

    Reply
  39. Adamu musa January 28, 2017 at 2:20 am

    Always gr8 and educating write up… Thumbs up

    Reply
  40. Khesiwe January 28, 2017 at 1:44 am

    Great article Nail thanks it’s true the market was there before me there is no need to chase it like is going end any time soon thanks again

    Reply
  41. yas January 28, 2017 at 1:38 am

    Thanks Nail, It’s a great reminder and positive spirits for me.

    Reply
  42. Chijioke January 28, 2017 at 1:13 am

    Thanks, very insightful. Great coach. Keep it up Sir.

    Reply
  43. Said Alwashahi January 28, 2017 at 1:04 am

    Thank very much Mr. Nial
    This article really makes sense and stressing on and explaining the principle of being patient and disciplined in the market .

    Reply
  44. AmirHossein January 28, 2017 at 12:58 am

    Great advice Nial. It was something that I was thinking about today and out of a devil you just posted an article about it. Thank you man.

    Reply
  45. EINAR MERIDA AGUILAR January 28, 2017 at 12:33 am

    Very useful!!!1 Thanks Nial

    Reply
  46. Julio January 28, 2017 at 12:28 am

    Hello Nial , as usual your articles are great, I’m wondering if you ever have written something about how do you advice to manage withdrawals, I’m sure most of us want to know your perspective about this matter. Because we’re all interested to grow our capital but at some point we all want to touch some of the profits. Have a nice day!

    Reply
    • David January 29, 2017 at 4:17 am

      In one of his article, Nial spoke of withdrawals. It wasn’t the main topic of the article so I can’t remember the article’s name. He said after a profitable month, it’s better to withdraw half of your profit and keep the other half in it until your account grows to your wanting, then you can start withdrawing all your profits.

      Reply
  47. KRISTOFA OKENTA January 27, 2017 at 11:59 pm

    You said it all here,
    “…..remember, the market has been here before you were born and it isn’t going anywhere. There will always be new opportunities on the horizon, so don’t worry if you miss one here or there. There is no rush, you are not in a race against time or against anyone. It’s critical you understand these points and infuse them into your trading mentality if you want to succeed,….. the more likely you are to succeed over the long-run.”….Nial Fuller.

    Reply
  48. Tarun January 27, 2017 at 11:59 pm

    Hi Nial

    Excellent article and it does make lot of sense . many thanks & pls keep up the good job

    Reply
  49. Amir January 27, 2017 at 11:48 pm

    True!
    You the best Nial

    Reply
  50. Dominique Lecrompe January 27, 2017 at 11:07 pm

    A great article, one more time !

    Thanks.

    Dominique

    Reply
  51. Shane January 27, 2017 at 10:57 pm

    Thanks Nial.

    I am gradually starting to realise this as I continue with my forex education.

    Could you also give your opinion on the weekly and monthly charts, as I am also looking at those as well.

    Thanks for your help and advice.

    Shane

    Reply
  52. Lordable January 27, 2017 at 10:55 pm

    This sounds prophetic. Great job coach! God bless.

    Reply
    • Joshgun January 28, 2017 at 2:20 pm

      Yes ,I agree with you.This sounds prophetic.

      Reply
  53. kelechi January 27, 2017 at 10:43 pm

    that’s very insightful. thanks nial. truly, the best trades will always pop out at you.

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *