Forex Breakout – Buying Pull Backs In Up Trend

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Video Synopsis - Breakout Trade – Buying Pull Backs on GBPJPY uptrend.

In the above forex trading educational video I discuss trading with the trend on the GBPJPY. This video demonstrates how I use pull backs to exponential moving averages to enter a trending market. The technique is to look for price action setups that form near the moving averages and place your stop loss just below the low / high of the price action setup, which will likely be on the opposite side of the moving average from the direction we are trading.

This is just one of the many methods that I use to trade the forex market, if you would like to learn more about how I trade the market with my unique price action strategies then please take a look at my price action forex trading course.

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About Nial Fuller

is a Professional Trader who is widely considered ‘The Authority’ on Price Action Trading.
He has a monthly readership of 250,000+ traders and has taught 15,000+ students since 2008.
If you want to learn more about harnessing the power and simplicity of Nial’s Price Action Trading Strategies checkout his Professional Forex Trading Course.   -   You can Contact Nial here.

Join the Discussion. Click Here to Leave a Comment – 9 Comments.

  1. Adewole Samuel

    you are great

    Reply
  2. Haydz

    Hey Nial, I’m a newbie to FX trading and have been looking at CFD’s. I know you have said in another video that it is not a good time to be trading these, however, I was wondering if you are able to change the stop-loss as the trade moves higher? (once an initial trade has been made) so it follows the trend of the market… Also do you explain how to evaluate the risk:return in your training course?

    Thanks,

    H.

    Reply
    • nial

      I do cover risk reward in my training course yes, cfd’s on stocks are risky because the market can gap overnight and weekends, thus why i prefer forex as it’s a 24 hour, liquid market with less gaps.

      Reply
  3. DogPaw

    Nial system, I took a IB sell signal at major major current and last month high, with market over sold indicating up trend. I use this indicator only has a trend identifier ONLY. I have not have a bad trade has yet with Price Action nial system..Oooo and i only take trade that possible return 3:1 or more.

    Reply
  4. chris

    what is the EMA that you use ???

    Reply
  5. JoshuaK

    i’ve been watching this, its nice to have some confirmation on what to look for on these. Thanks Nial.

    Reply
  6. Adi

    Hi Nial

    THe forex course sounds intruiging. I sent you a mail regarding this earlier in the week. Looking forward to hearing from you in due course.

    Adi

    Reply
  7. Myrza Miraj

    Thanks Nial for the very informative videos. I am a fan now. What period EMA do you use?

    Reply
    • nial

      This Example is using 2 EMA’s which cross over, to define basic trend, and market bias.
      One EMA is natrually the faster one and a the other is a slower one. My Forex Course has more details.
      Nial

      Reply

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