Recent Fakey and Pin Bar Reversal Forex Trade Setups

Hey Traders,

I just wanted to point out some nice trades that had formed recently on the EURUSD and GBPUSD. Below are some charts with classic examples of some of my price action trading strategies that I use on the 4 hour and daily charts.

You will notice the clean simple chart, with no indicators (pure price action). The charts show my “fakey setup” and “pin bar reversal setup”. The current market conditions (at the time of writing) have been “perfect”. If you can’t make money in the current market then you won’t ever make money, this current trend is a “gift”, trade it well.

You will also notice that the trade setups resulted in several explosive moves , allowing good profit potential using a sound risk reward ratio. These setups are very simple and logical and have a positive expectancy, occurring often enough to actively trade the daily and 4 hour charts. I have had good success this past month with the fakey and the pin bar, and so I just wanted to share with you the trades I made.  As I said, it’ s been a good few weeks. REMEMBER TO COMMENT PLEASE

Below are some recent examples of  trades made using the pin bar setup and the fakey setup. Enjoy!

The Chart Below shows Recent  Fakeys and Pin Bars Setups I traded on the 4 hour Timeframe. You Can Read more about the Pin bar strategy here and learn about the Fakey setup here

Chart Below Shows Daily Time frame Pins and Fakeys – You Can Read more about the Pin bars here and learn about the Fakey forex setup here

Chart Below shows a DOUBLE PIN BAR setup on 4 hour time frame, I took this one and made 3 times my risk, a really nice trade headed into the Non-Farm Payrolls. You Can Read more about the pin bar forex strategy here and learn about the Fakey false break setup here

If Your keen to Learn More about Price Action and My Trading Strategies, I suggest you check out My Free Forex Videos.

Nial Fuller is considered a leading ‘Authority’ on Price Action Forex trading strategies. If you want to learn more about harnessing the power and simplicity of Price Action Trading Strategies please visit Nial Fuller’s Forex Trading Course & Traders Community Page Here. Nial’s Students get lifetime access to all of his advanced price action Forex Courses, video lessons, webinar tutorials, daily trade setups newsletter, live trade setups discussion forum, traders support line & free ongoing course updates. For more information visit the Forex Course page here.

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Copyright – Learn To Trade The Market Author Nial Fuller

DR. D said,

February 26, 2010 @ 12:50 am

I benefited from these as well. Price Action works!! Thanks for introducing me to this method, it is the best that I have come across so far.

Jag said,

February 26, 2010 @ 1:19 am

Hello, links to fakey set up explanation are all pointing to the Pin bar explanation?

Thanks

Jag said,

February 26, 2010 @ 1:22 am

sorry after reading my previous message – I mean’t to say thanks for the explanations and not thanks in a psarcastic way :-)

Rudy Fernandez said,

February 26, 2010 @ 1:47 am

Nial, You are a great teacher. Thanks for everything you do. I’ve been looking at your forex trade setups and they’ve been amazing, right on the money. right now i am saving to access the members area….. looking forward to learn more from you…..Maybe one day we can translate the website into spanish and educate the latin community….Keep up the good work! Rudy

T Allen said,

February 26, 2010 @ 2:16 am

Nial

Thanks for these great charts and lessons. You keep posting excellent stuff. And – we who are members of your forum really appreciate the daily market summary. In fact, because of that, I was already watching for the short opportunity in the EUR-USD and got in on that one right near the 50 area. It was a good trade.

You are a great teacher – thanks for keeping it brief and simple.

sergei said,

February 26, 2010 @ 2:21 am

just fine. for me it is a huge lesson

Joe Sinnott said,

February 26, 2010 @ 2:50 am

Cheers Nial.
I caught all the pin bars,’a realy good month’.
Its nice to have some confirmation that Im getting it correct.I think its time to start studying fakeys.
Lets Hope we all have a realy good year.
Regards Joe.
PS: No Idea what URI means.

ade said,

February 26, 2010 @ 2:53 am

interesting..well played..

John said,

February 26, 2010 @ 3:33 am

Thanks nial, I took 2 of those trades, the Eur/usd pin and the GBP/USD double pin/daily fakey, just closed it for 4:1 on risk, fantastic! This is by far the best trading ive ever done and best of all its enjoyable! keep it coming Nial
Good trading,
john

Dan said,

February 26, 2010 @ 7:04 am

Hi Nial,

Your setups on daily and weekly are exactely what was missing to my system ,which instead is giving me extremely precise targets. As you said this week was very productive.I used eur/usd, gpb/usd and eur/jpy and made a lot of pips on each. I am still in the game watching all 3 pairs since I expect a consistent downmovement before correction.

Good trading

Dan

Dennis said,

February 26, 2010 @ 7:06 am

Thanks Niel. I am a new member for less than a week and have made good results from what I have learnt from your course and daily commentary. Your methods are logical but simple to apply.

Happy trading, Dennis

Gordon said,

February 26, 2010 @ 9:09 am

Couldn’t agree with you more there Nial that the current market action is a “gift”. It is especially true for us more experienced traders.

P said,

February 26, 2010 @ 10:10 am

Hi Nial,
Thanks for these videos and articles. Very informative. I have a query regarding above set ups.
You have shown some of the pin bars above where next candle has not retraced to 50% of the pin bar ( something you propose in your videos to enter the trade). I understand there are different ways to enter and exit the trade based on personal preference. I am curious , based on your experience, what has worked majority of the cases?

Appreciate you sharing your experiences.
cheers

Walter said,

February 26, 2010 @ 10:24 am

Dear Nial
Your training material and course is right on.
Walter.

Rob said,

February 26, 2010 @ 2:24 pm

The last 2 examples great. Rob

Cheryl said,

February 26, 2010 @ 4:11 pm

Nial,

I thought you live in Australia like I do, if so do you stay up through the night to trade the 4H setups that happen during NY open?

Cheryl

Ivan said,

February 26, 2010 @ 6:37 pm

I Nial, i want to say thanks for your training. Your set-up are very profitable.
Ivan

nial said,

February 26, 2010 @ 6:43 pm

I often watch the 4 hour charts on major pairs when markets are trending like this. I either stay up, or set alarms every 4 hours etc.
But due to me currently being overseas, the time zone is easier than it would have been in Australia. I will add though, that many of these 4 hour setups occured
later in the session, which is early morning for Australia, not so bad really.

Ivan said,

February 26, 2010 @ 10:14 pm

Hi Nial,

With respect, Ivan didn’t say what’s quoted above!!
What Ivan is saying is that on checking on the EURUSD on that date, those signals shown on that chart are not the same as what’s showing om my chart? I’m not seeing all those lovely long spike reversals. If I did I would be making money.
I like this method of trading, but if I’m not seeing those signals, what it good for.
Again, with respect!

Ivan

nial said,

February 26, 2010 @ 10:48 pm

I use a different data feed ..closer to the new york close timeframe, thats the difference you see.

shaqireen sofee said,

February 27, 2010 @ 10:56 pm

Hi Nial,

I enjoy your site most and appreciate all input which are genuine, precise and concise in nature. I have tried on smaller time frame (m15,m30 and H1) it works. Looking forward for your reply.

Regards and take care.

bruce said,

March 6, 2010 @ 4:59 pm

G’day Nial,

Stupid question i know but, i have to ask it.I usually trade CFDs. Not the forex. until now.
What are the opening times of the New York market and the London opening times in Sydney times.
I have been told a dozen times, but they are all different.
thanks.
bruce.

Ann said,

March 8, 2010 @ 8:12 am

Hi Nial,

I am a new trader and am fascinated with your method and with this site. I plan to save up so that I can join as a member. I was wondering, after seeing a post by Ivan, what data feed we need to be using to be seeing the same pins and other setup conditions as you? I have a live micro account on MT4 at present.

Thank you!
Ann

nial said,

March 8, 2010 @ 4:43 pm

The data we use is from fxlite.com these are free mt4 charts with correct price bars (a 5 day week) and open and close at the correct time. each feed around the world is different, each chart is different, we use these and only use them for free forex charts, not to execute any trades through.

Ann said,

March 9, 2010 @ 5:39 am

Thank you sooo much for that information. I can hardly wait to be able to be a part of the daily trading videos and forum.

Stewart said,

April 22, 2010 @ 5:41 am

So simple and effective. Man’s a genius lol. Love the clear simplicity of the chart, no graphs, wavey lines, straight lines etc. Just pure candles. Keep the info coming.

RLW said,

April 22, 2010 @ 7:15 am

Nial:
Thanks for this posting. I used your price action methodology on the retracement of the Cable this past Monday morning after the gap down on Sunday. I picked up 170 pips very easily just from applying what I was studying from your course.
Thanks again!

kttrader said,

April 26, 2010 @ 12:01 am

thanks for the email,learn alot with your keep it simple charts,price action really help make profits,keep on teaching sifu

sergey said,

July 21, 2010 @ 6:10 am

simple and ingenious

galen said,

July 31, 2010 @ 5:11 pm

Foundation building. Thank you Mr. Fuller

Adamu said,

October 23, 2010 @ 7:23 am

I can not believe that i have been accumulating junk forex resources for three year. Well done bro.

Let me say three Gbosa for yo
Gbosa! Gbosa!!, Gbosa!!!(Greeting)

Thank you Sir

Adamu

Thrinethra said,

October 31, 2010 @ 9:14 pm

Thanks Nial another valuable strategy from you.. :)

Adnan said,

January 9, 2011 @ 3:06 am

What can I say Nial? you have made candlestick chart reading very valuable and easy to profit from. No need to go for (academic) books on this subject.
Thanks. It is really a great contribution.

Jerzy said,

February 14, 2011 @ 5:53 am

Thanks Nial. This is a very powerful method!
God bless you!

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