Learn To Trade Price Action with Nial Fuller...
PRICE ACTION FOREX TRADING COURSE
Today’s Forex Lesson is “Awesome”. In fact, It’s probably one of my best trading lessons I have ever written. It took me at least 2 days of brain power and probably 20 coffees. Please pay it forward, share it with others. Enjoy.
A sniper in the military has an edge over his or her enemy; their edge is unwavering patience, mastery of their weapon, and the ability to remain consciously in control of their mind and body for long periods of time in high-stress situations. We can apply these same concepts to Forex trading…
Forex trading is very similar…you need a trading edge (weapon), you have to master this edge, you need to develop and maintain rigid self-discipline and control, and you have to execute your edge flawlessly in the face of constant temptation to over-trade and over-leverage. Now, trading is nowhere near as stressful as war, but it still requires conscious control of mind and body.
Those traders who learn to pick and choose their trades wisely, trading like a Forex “sniper”, are typically the ones who succeed long-term, whereas those traders who act like machine-gun traders by shooting at everything they see (trading too much), tend to run out of ammo (money) very quickly and fail to accomplish their goals in the market. Let’s discuss how you can learn to trade like a sniper instead of shooting at everything (taking every trade) that comes your way…
• Accept that less is more in Forex trading
One of the things that we traders can learn from a sniper in the military is that in certain situations less is indeed more. Forex trading is definitely a “situation” where less is more. However, it is very common for beginning traders to feel that more is better; more Forex indicators, more trades, more analyzing, more money on useless trading robots, etc.
What is the result of such misinformed beliefs? The result is almost always over-trading; indeed, most beginning Forex traders are like machine-gunners; spraying bullets (money) at everything they deem to be a trade and likely causing more damage to their trading accounts than good. The first step that you need to make if you want to trade more like a sniper and less like a machine-gunner, is to truly accept that less is more in Forex trading.
Just like a sniper waits patiently for his or her pre-determined target to come into view; you need to learn how to wait patiently for your pre-defined trading edge to show itself in the market. As price action traders we have a very effective trading edge that allows us great opportunity to trade the market with sniper-like precision, and the daily charts provide the best “battleground” for us to execute our edge on.
• Higher time frames
As I mentioned previously, the daily chart should be your “battleground” for developing your ability to become a Forex sniper. Why, you ask? Because it is the daily chart that gives us the “highest value” or highest-probability targets when compared to any time frame below it. Weekly charts are also accurate, but they don’t give us enough targets each month and they are less practical to trade than the daily chart.
These targets are price action setups, and you should think of them as higher-value on the higher time frames, because in reality the higher the time frame the higher-probability the setup becomes. This is the primary reason that trading higher time frames drastically increases trading success. Think about it this way; a sniper is on a pre-planned mission to take out high-value targets that can change the course of a war, and in Forex trading you should be looking for the highest-probability trade setups that can have the greatest positive impact on your track record.
Machine-gun trading the lower time frames is not going to do anything but cause you to lose all your ammo or money a lot faster than you think. There is really no sense in ever trading any time frame below the 1hr chart since the value or probability of the targets or setups decreases dramatically as you move lower in time frame. You want to stick to the high-value or high-probability setups of the daily chart as much as possible, and especially while you are still learning to trade.
• Patience
If there is one thing that a sniper in the military definitely IS, it’s patient. Patience is like the “magic” ingredient that makes everything work for a sniper in the military, and it is also the “magic” ingredient that you will need to use if you want to become a Forex sniper. Most beginning traders lose money in the markets, and most beginning traders are also anything BUT patient. See the connection here?
There is a tendency for traders to want to “force” the issue of trading by manifesting signals that aren’t really there or by jumping into a signal that has not closed out yet. When it comes to money it is human nature to be impatient, this is otherwise known as greed, but if you don’t learn to become a patient Forex trader, you will never forge the type of overall self-control that it takes to succeed as a Forex trader and become a Forex sniper.
• Mastery of strategy
A sniper will train for years to sharpen and perfect his or her shooting skills, and a sniper knows exactly what their target looks like and pulls the trigger without hesitation. Similarly, you will need to “train” with the particular Forex trading strategy you choose to employ in the markets so that you know EXACTLY what you are looking for every time you open your charts. However, you will need to do more than that; you will need to truly MASTER the Forex trading strategy that you choose, because if you don’t master it, you will never achieve your full potential as a Forex sniper.
Mastering a trading strategy begins with education. If you choose to employ high-probability price action trading strategies, I can provide you with the Forex trading training you will need. However, you must put in the time and effort to learn and master it; I cannot do this for you. You need to be realistic about this, it will take time; it takes time to become a master at anything, and Forex trading is no different. But, if you put in the necessary time and take advantage of the insights discussed in this article, you will begin trading like a sniper sooner than you might think.
• Developing a sniper-like Forex trading mindset
Sniper-like Forex trading breeds confidence and discipline. The more you strive to trade like a sniper and less like a machine-gunner, the more your Forex trading confidence and discipline will improve. This is because you will be rewarded for patience, and as you start to see your patience pay off over time, you will want to maintain it.
It is the initial stages of developing a sniper-like Forex trading mindset that most traders fail it, usually because they do not understand the power of patience and discipline. It tends to feel better to be a machine-gun trader because you feel powerful and “in control”. The problem with this mindset is that you can never control the market, in fact, the more you try to control the Forex market the more it will actually control you. The only thing you CAN control is yourself by learning to trade like a sniper, and if you do this you will significantly increase your chances of success as a Forex trader.
Trading Like A Sniper is part of my ‘core trading philosophy’ that I teach my students. If you want to learn more about becoming a disciplined price action Forex “sniper”, check out my forex trading course and traders community here.
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Author Bio: Nial Fuller is considered a leading authority on price action Forex trading. His trading philosophy is centered around simple and logical trading concepts. You can read Nial Fuller’s bio page here.
Copyright – Learn To Trade The Market Author Nial Fuller
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Hi Nial
This is an awesome lesson. You have blessed me today so the two days of writing and the 20 coffees were worth it. Keep writing. You are the best Forex Article Man on the internet.
Snipers we are – Less IS more – that’s why it’s better to trade higher timeframes – pity it took me nearly 18 months to realise that!
Nial, Your lesson was right “on target”. Seems to be “bullit proof ” to my eyes. I will be “gunning” for more price action targets as you so rightly point out. No “trigger happy ” trading required! Just stare down the “Barrel” and shoot for success, not in the foot!!
Thanks seriously, Great article
Regards
Peter
You are absolutely right. I used to spend hours and hours in front of my computer and never made much money. I now sit on a yacht in Greece, spend maybe 1/2 hour each day on trhe computer,do 3/4 trades a month and am now retired. God bless you Nial.
This article makes me feel like Charles Bronson, Quiet unassuming but lethal. 
Seriously though .. ever since taking Nial’s course I am understanding what patience and no hesitation really mean. Its these values that LTTTM members have instilled in me. When I get over excited about seeing a PA signal I refer back to the Legends of LTTTM Forum and realise I was running through a rose bush with my my pants down hoping not to get spiked.
Congratualtions Nial on reaching 4000 members, I am sure others will agree your time and patience with us is
IMMEASURABLE!!
Filopastry
A very nice lesson. Indeed a “trigger-happy” like trading without precision is a waste of ammo/money (trading cost/spreads). Thanks Nial
Nial, I was time poor,2 years ago when I first got involved in trading, I purchased a lot of crap robots, signal services services expensive courses. I learnt a lot,I know what doesn’t work,very very expensive lesson. I actually joined you about a year ago I liked what I saw but did not spend the time then to truly appreciate what I had. Maybe your low price price for life membership may have lessened its true worth in my subconcius some what I dont know? Guess what I took myself away from charts for 2 months, came back a month ago, deleted all the crap robots indicators etc, I focused on nothing but what you have shared with me and studied PA setup etc. You are right when you say less is more,(not over trading) I am trading what I see not what I think , this has me thinking more like a sniper now, less trades , daily TF’s 15% return each week for the last 2 weeks , no sweat , no stress, no problem. By the way I’m still time poor I JUST MADE THE TIME to study your ideas,Thanks Dave
Yes, I can identify with your sniper explanation. I have tried a lot of systems and every time a new promotion comes along you want to know what is it that they have got. Finally, only recently I have come to the conclusion I am getting nowhere with all the systems. I am jumping from one to the next and I have never really settled on one system and learn it and it’s market’s behaviour properly and in stead shoot with automatic fire when fear and greed step in. That is where your sniper discipline behaviour emphasis is so valuable. Thanks.
Very well thought out article Nial. Certainly need to have plenty of patience and the picture of the croc says it all, wait for the right moment and have a bite.
Lets do it!
Just like Weight training and trading and sniping to
get the best results doing less but effectively reaps
huge results. Excellent yet simple as always Nial.
btw how is the sleep after that Caffeine bomb?! lol
Always grateful
Eric C
First of all, I would like to say a million thanks to you for spending such long time to write this article for the benefits and learning of all new forex traders.
I have been following your posts & lessons and I strongly believe the concept “less is more” in trading. The drawdown on my account has been decreased drastically ever since I started trade using price action.
It has also made me a more patient trader and only invest in high probability trades. Thanks again for your time and effort in making this website available to all of us who are keen to success in forex!
Another great lesson from a great man
A perfect lesson Nail
Thanks for being a good coach
Price action is the best you can get !!!
Hi Nial
I totally agree with this article. Patience and mastery of the few trading techniques is enough to achieve success in trading. Very nice lesson.
regards
ds
Great article and true to the mark!
Now I always check the daily charts at the end of the day (5pm EST), the weekly, at end of the week, and monthly..yes at the end ofthe month. For me it’s the best way and your patience will be rewarded. Less is More in Forex and Gold!!
Happy Trading Campers!!
Very good article. I feel like Tom Berenger already.
Hi Nial,
This is an awesome article.
Good things come to those who wait..
Thanks Nial
Hi, Nial, thank you for stressing the same principles over and over. I am still at the beginning but even the demo results look much better than before when I thought it was necessary to be an intra-day trader “to make more money” (this is what some people claim). So I am glad to be here and I will keep learning from you!
Pavel, Czech Republic.
Great lesson, you shoot straight from the hip!!!
Great article Nial. I always thought I’m patient enough, I’m not overtrading, but since I started a serious trading journal 5 months ago, it showed me the shocking reality, about 70 trades in a months…
Your method is definitely working, I realised my biggest mistake. I could reduce it to not more than 25 per months thanks to your advices, and making profit now.
Great teaching Nial right on point. It could not be anymore more clearer than how you explain it…………….
Dear Master,
Wonderfull Explanation about the market phsycology !!
You are always great !! All the best for the Traders !!
My Dear Nial, Really, this is an outstanding article
on trading. Thanks a lot for giving such a lucid
explanation.
Great stuff again Nial. I wish I had said that – it’s cool. Really love the way you communicate and teach what you’ve learned through the years. You rock, buddy!!
Hi Nial…great article,but then all your articles are great and worth our time to read and digest (multiple times to get ingrained in memory) and put into action. I really enjoy all your articles….
I agree with you Nial 100% it really works!!!!
Very good article!!! As always!!
Thanks Nial for another brilliant lesson!!!! Please keep them coming!
Nial, a very interesting article – the anology makes a lot of sense and really hammers home the need to be patient.
Thanks for investing the time into helping others.
Hi Nial,
It’s becoming more and more logical to trade the higher timeframes and taking a sniper approach sure help me aim better and become less stressed. Many thanks to your coaching and mentoring.
A question on the daily entry, do we wait for the next day bar to complete before the entry? Is it at the opening of the daily bar ?
Please advise
Cheers
Hi Nial. That’s right. This lesson is “absolutely freaking awesome”. I am a new sniper-like forex. That’s a great idea. Thank you Nial, from Brazil. Eudes
Great article Nial!
Very informative and well written; good job!
Thanks, I appreciated this article when I read it. Patience and then decisive action is a good message for me. I am a new member, recently joined after studying technical analysis for the past year and creating beautifully messy charts with enough indicators to completely confuse me. Your course has been a breath of fresh air. I am now focused on the Daily charts, but amazed at how much I miss the “buzz and excitement” of the charts below 1H. Lots more patience required, but its a journey and I am glad to be on it !
Great article. Patience and Discipline!
Nice overview of the mental state required for all this, Nial. I am THAT close to signing up… the stress of trying to trade the 15, or 5 minute charts is bleeding me dry (emotionally)! Paying it forward… 
I have started playing the waiting game and it truly is
worth the wait. Plus, my trading account looks better when I
wait on the right trades. ANOTHER PLATINUM HIT, NIAL!!
Great article Nial,
You have hit the nail on the head with this one as I have tried (as many new wannabe traders have) to try to make easy money on the shorter timeframes. The only thing I got was sore eyes from constantly looking at the computer and a decreasing bankroll.
Since I have signed on to your site one month ago I have learned a great deal and as I continue to study the course materials and review the rest of the information on the site I am gradually getting the hang of this market.
Thanks and regards
Terry
Great analogy…………. Patience, Higher Timeframes,and Price Action is the way to go. I think I’ll call it PHP, my forex trading credo. Thanks Nial
Great article great lesson.Thanks Nial.
As always some really good advice Niall.
Hi Nial,another great and well-written article.This article like so many of your other articles is priceless to both new and experienced Forex traders.Aquiring patience and exercising self-discipline and control is not easy,but thanks to your mentoring I am starting to apply these very important qualities to my trading,thank you.
Very good lesson and well written. Helps keep our mind set on track. Thanks
It’s great to hear a very creative analysis of the tedious world of forex trading. A breath of fresh air
Nial, This is one of your great articles. It also makes me relaxed because if my prey doesn’t arrive I no longer hunt manically for something that simply is not there. I just say “Oh well, no prey today. Let’s go fishing and do some sniping tommorrow”.
Hi Nial,
I like your analogy of comparing forex trading to being a military sniper. By associating forex trading to a sniper, it will constantly remind myself to be patient and wait for the perfect setup to appear!
Cheers!
Less is the new more…I allowed my hands to come out from under my backside to type this but they’re going straight back under there
Thanks for the great articles.
If newbies could only grasp this from the beginning, they would save themselves a lot of pain!
I look forward to receiving these articles. They are so accurate and easily read and I do not get the feeling that someone is breathing down my neck to purchase something.
I usually save these articles to be read and re-read. I think they are absolutely wonderful.
Hi Nial,
Goodday to you and i pray God blessings and favours…in all ur ways.You have been a great and priceless
mentor to me personnally and much more to others ( i beiieve)
too-all at no cost!!! I seriuosly dont know how to reward
but to pray for you..my trade plan is working and i am too busy to take out time to learn more about your price action
but i hope to do so along the line..but i find 4hrs more reliable than daily chart or what do you think?..thanks anyways and God,s blessings once again…
Hi Nial,
Hope you are well. Another fantastic article, thank you so much.
Thank you for all your help
Thanks and Regards
Gurpal
Yes! another great lesson.Like the sniper in the army, they really have a specialised training.Although they don’t kill many soldiers but they kill the realy important targets,like the generals,platoon leaders and the like, and this would decide the outcome of the war.Thanks Nial.
I purchased your course about 7 months ago and I am only just now getting the overall point that this article explains. It’s all about patience and simply waiting until a good trade presents itself. Once you’ve ‘experienced’ a few months worth of only picking quality trade setups, and have sen how this can slowly grow your account, then you’re basically home and dry. You now have a skill for life as you now really know (and have experienced) how it actually needs to be done. Keep up the great articles Nial.
Hi Nail
I have been trading for about 2 years now on a demo. Tried everything and yes i was shooting at everything i thought was a target. Since looking at the way your method works and starting to apply it, my trading has evolved. I’m a very impatient individual but after reading and reading and looking at your videos over and over again i saw that patience was really what i was lacking in a big way. After about 3 weeks since i found your site, i have started to turn my demo account into a profit. Your method really works. It’s really awesome. Thanks man.
It took me more than six months and loose some bucks to realise less is more… thanks for your all ariticle .. its owsome
All i can say us Awesome.. I couldn’t agree more and this us the best one I’ve read, keep it coming aye? and thank you for inspiring
Hi Nial,
Another great article as usual.Truly, patience and discipline
with good knowledge of price action is key to profitable forex trading.You are a great mentor to me.Many thanks to you.
Nial, after writing this, you have completed your Forex teaching mission I feel:-). Absorbing the ‘sniffer concept’ will make trader’s mind properly suited for the job. This should do the big and due change in many traders towards success. Thank you. Long life with Peace and happiness
nice article Nial
Very useful article, everything in it is absolutely true. I became a consistently profitable trader when I started trading off the higher time frames and selectively. I need to work a little bit on my patience though.
Reading Nial’s articles and watching his videos is the same as champion world-class atheletes practicing their basic skills over and over again. It’s how they become great atheletes. It’s how we become great traders.
Thanks Nial, for being a great coach, who reminds us of the basic skills we need to be successful traders.
Great atheletes become great by practicing the basics over and over again. Great traders become great by reading Nial’s articles and watching his videos over and over again. Thanks Nial, for being a great coach.
Incredible article, as always, Nial. What you just described in this article is very true. Patience is the first ingredient, then comes strategy mastery and after that, confidence (mind set) if I may point them out.
I wish you all the best.
Couldn’t agree more. In fact, Sniper has been my trading forum screen name for about 5 years (on various forums). I decided on the name for all of the reasons Nial mentioned above. Great info.
Hi Nail,
thanks for your best article.
it is about 6 months that I have become your member.
I have started with USD 2000.00 and up to now my gross profit is USD 1829.00 and my gross loss USD 1572.00, so my net profit became USD 257.00.I observe about 30% of your rules.
My net profit could be much more than USD 1000.00, but because I did not observe the rules that you taught me,I have lost a lot.
I didn’t had patient, but I had greed.
After closing any order by TP or SL, again I start another order to increase my profit or compensate my lost order, and most of the time I was losing again.
From now I decide to obey all your rules and be a forex SNIPER.
Great article. I have also thought of trading as a sniper
and seen the similarities. My trading is improving because of you.
Thanks
Carl
hi Nial,
Another great lesson, I took your advice a while ago on trading the daily charts so early every morning my snipers scope is scanning the daily charts[before i go to work]like the last couple of weeks nothing seemed to be happening until I spotted a bullish pin bar but it was against the trend so I thought better be safe than sorry and left the trade which came off anyway!Then yesterday an inside bar/pin bar formed,my finger on the trigger i watched the retrace and had a peek at a lower timeframe trying to fine tune my entry,I pulled the trigger and bingo bullseye! the dharts wer of to the races!On another note you say you are nearly at 4000 members,as I am one of them I would love to know how many have reached the stage that they can give up work as that is my goal and Im sure this would give encouragement to others?
Nail, you have done it again.You are simply an angel. May the the Good Lord Protect and keep you for our gerneration.You are simply awesome. Remain bless.
Thanks Nial, I really needed this article! I’ve been an unprofitable machine-gunner, but I want to become a profitable sniper.
Hi Nail
You have a gift of using words that really gets the point across and in a way that gets right to the meat.
Thanks for all you do. Great article.
slide
Hi Nial,Thank you so much for this article surely you are indeed a price action forex sniper and you fully nailed the aspect of displine and patience in this one!!Man this information is priceless.You are a blessing keep writing as well as siping that coffee…we are learning something.
Great article Nial, this type of article is great for newbies and those experienced a like, as discipline is easy to forget and manage. Keep up the great work, it is much appreciated!
Nial, this is excellent advice. I lived in Las Vegas for a number of years and worked in a casino. Everything you tell us NOT to do is exactly what most gamblers did. They didn’t know when to walk away from the table and when they were losing, they couldn’t stop, increased their bets and wound up broke. When they won , they thoguht they were hot and couldn’t stop unless they lost all their winnings. So I totally agree with your strategy and patience method. Thanks for the advice.
Hi Nial,
You’ve written another great article. I like the analogy….sniper vs machine gunner. Mastering trading is just like mastering accurate shooting – it takes patience and practice. Thanks again.
Excellent one of your best, I am still learning it takes time and patience
Excellent article and well put Nial. You simplifiy very well on what your trying to tell us. Great , Great Article. Thanks once again for your wanting to truly help all of us who are trying to succeed.
Great article Nial, can’t tell you how much this hits home. Not that I though I was a top machine gunner but now looking back I fit the profile. Just this past Sunday I started to map out a different stragtegy, may sound familiar. Looked for inside bars with a trend. Found two large bars followed by 4 days of inside bars. EURUSD & GBPUSD than today both had a break out long of the mother bar 128 & 130 pips. I feel good about the find however this morning I had an early meeting and never saw the position till this afternoon. Did not lose anything but felt great that I could wait for the set-up. Want’s great I’ll find more set-ups. I do see the light at the end of the tunnel. Thanks.
Thanks Nial.
Great..we are in war now, have a good weapon
and highly shooting skill.
Aaia…Yes Sir Kapitan.
Cheers
Hi Nail,
your articles is simply the best and easy to understand by newbies like myself and thanks for all the great advice
Your analogy of snipers and traders reminds me of a book I have read. Blink by Malcom Gladwell.
He describes an experiment where they took 2 & 3 Star generals to wall street and after the close did a sumulation of the markets because the marine generals compared it to a war room.
They then got traders to participate in war games.
The result was that both performed well and to the resurchers surprise at the coctail party afterward the traders and generals were mingling together and relating well.
It is a great read.
Thanks for a fantastic article Nial
Thanks Nial, Excellent article on changing Machine Gunners into Snipers. I’m in the process of learning the patience needed to become a Sniper and the forums are an excellent place to confirm a Sniper Trade. I’m so glad to have you as my mentor and the forum members as my coaches.
Keep these great lessons coming.
hi,nial
superd lessons & yes patience is also the best strategy.keep going with the good lessons
Hi Nial, I think all of your articles are the best on the web. This article is a confirmation of this
you spot on,exactly the part i have to work on to be profitable
Excellent lesson Nial! and thanks for all your help!!
Great stuff Nial,
Trading like a sniper makes complete sense and let’s me do my day job (at least until I’m a better trader )
Cheers
Jim
Thanks again dear Nial. All your lessons are always a gem, but this seems to be priceless. I wish every trader will adopt this “LESS IS MORE”. I adopt it as my watch word.
CONGRATULATIONS. I never read a bad article writen by you.
You are a Pro and, I think, a great Men.
G’day Nial
That was another brilliant lesson from you, and after having a couple of hard weeks trading (to many 4hr trades and not enough patience) I’m definitely concentrating on the daily charts. PATIENCE & PRACTICE.
Many thanks
Steve
Hi Nial,
Peace to your spirit,soul and body as you continue to release these creative ideas and hindsights freely to the trading community.Thanks.
Tanx dear…just what i need at this time of my trading…plan, patience, practice, precision & a strong PULL on the trigger.
thank you Nial.as always great stuff.
Hi Nial, You are totally right in this article. Good way of using the sniper mentality in trading, not only do you have to be precise but you also have to have Courage to go out alone and know that each skill and technique you mastered could and will save your life (account) . Very good article.
Hi Nial,truly speaking it is my weaknesses since I began to trade…you have provide this article as the guideline and I find it very helpful and I m going to apply it in my daily trade. Until then thanks and bye.
Nial,
Right on TARGET! Keep the caffein and suggestions a comin’.
This ol’ 18 wheeler used to drink 18 cups of that black stuff a day. Nice vice! Thanks again for your thoughtfulness and expertise! Larry
Nothing more could be said. I have lost loads being a Rambo…
Nothing other a Sniper is better. You said it all. Thank you
hi,
very good advise for nb like me…
Hi Nial,
I don’t reply much to your articles although I read all of them.
This one was particularly good for me. Wont go into the reason but very nicely done and I will read it again. Basically, patience is the key for me.
By the way, I think it is cool that you ask members to leave a comment but sometimes it seems you are looking for attention. Your articles are great and if somebody is going to comment they will, weather you ask or not.
Cheers
Doug
Hi Nial,
another excelent article – machi-gunner it was me. Thanks for lesson.
great article I highly recommend and love reading them…. thank you
Thanx for the article, very clear and useful… now we have to do the complicate stuff : Apply it !
French proverb : It’s easier to say than to do it
Cheers et thank you again for your website… one of the best
Nial, you are truly excited about this lesson and rightly so. It’s important to re-enforce basic principles. The Sniper analogy is great. Patience is still the glue to any and all strategies. Less is more. Thanks
your lessons are just wonderful, and are of real value true are all the words in your forex lesson.
Thanks Nial, great post !!!!
i will try this technique, and I’m sure it will work !!
Hi Nial,i want to thank you for great advice that you share with others,i want to say that i tested many trading systems and very expensive ones in more than a year,but i soo the simple system work best,keep it simple,KISS.Thank
Hi Nial. Definitely one of ur best article. much appreciated.
Excellent. Much wisdom in this. Otsdg. advice….esp. poignant as I’ve realized(finally) it in my own efforts. Much thx.
thanks for a great lesson for me personally I have tried to apply for this, and it really helped me in doing trading activity. Thanks again, and I hope you continue to provide other articles.
Great article Nial.
Thanks again!
I have come across your name and website several times on the net but somehow I have never neither been attaracted to read any of your articles nor consider your trading styles and systems and courses.But the Title caught my attention like a lightning and aptly descripe my weakness.It made so much meaning to me because as a new trader I made close to $3000 in three days and lost everything the following week.would really like to work with you.Thanks.
Hi Nail
Thank you for your great educational articles like this
thanks Nial… you continue to inspire and on this one discipline and patience on the daily chart being the battle ground…and so I aim to trade like a sniper
PATIENCE IS REALLY PAID OFF !!!
An Educative article. Really patience is sweeter honey, of course, honey from the combs.keepup your angelic forex teaching.
Great article. Carry on master. l have always enjoyed your publications. This has addressed much emotion battles l encounter.
“Sniper trading” that is awesome!!
Great as always!!! Thx to Nial)))
God bless you. With articles like this, my trading has tremedously improved.
I’m here also, Nial. I wander, if U can go to this length to give excellent teachings like this 4 free and so frequently, l cannot imagine the effort & care U would have put into yr course. I’m definitely taking it and others that I might have missed plus I will keep recommeding this site to other traders. This is definitely another hit with me. Thanks Oluwasegun
Hi Fuller! Thanks for this eye opener. In fact, lack of patience has been my main course of failure; I always think like a machine-gunner. But with this little insight, I think I would try and implore the mindset of a ‘Sniper’ onward. Thanks again and keep opening our eyes (the newbies).
once again…thanks a lot nial. you are more than good in this.
Less is more ! It’s so right. I’m so glad to be a member of the price action family , we have a great coach! Thank you Nial.
brilliant. the article clearly shows that trading is all about precision. this article is like an operating system for a trading mind. hats off nial.
Thanks Nial,
excellent , patience is a wisdom…Thks for Your Great Lessons.
From Now I will Trade better. Like a Snipper.
bye
this one i read and re read …one to print and keep it above your pc!…:-))) it saved my sanity…thank you…
It would be really helpful if you could settle a debate between me and my trading partner!
We have a 3 trade a week limit each and we split the trading shifts so that we don’t work at the same time.
My view is that once each or one of us has hit our 3 trade a week limit, that person should stop trading even if it is say Wednesday and there is still Thursday and Friday to go. My trading partner’s view is that that person should still show up for their shifts regardless of the fact that her 3 trades are done, and if there is a perfect set up by our rules she will take it. For me that defeats the purpose! The way I see it is that if one of us has used up our trades early in the week, and the other person still has 3 trades left, the other person should continue trading but the person out of trades should stop! She says that if all her 3 trades have been good, why should she not be allowed to at least show up to the market to see what is available. We have a mindset of showing up to the market everyday, but not necessarily trading everyday, so for her, the idea of then skipping sessions because she has had her 3 trades, doesn’t sit well. And I agree to the extent that we shouldn’t just skip trading sessions especially is the other person still have 3 trades left to take.
What would your opinion be please?!
Thanks man. From now, and I repeat, from now, I will increase my patience like a sniper to capture my target(pips). GREAT THOUGHT. This is better than any strategy.
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allan said,
July 20, 2011 @ 8:11 pmWonderful article as always Nial. Your style of trading puts the stress of monitoring the charts away. One look at the charts and you already know if what you are looking for is there or not. You let the market dictate the move for you thus freeing yourself up of the stress of manifesting trades for the sake of trading.