Forex Breakout – Buying Pull Backs In Up Trend

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.

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.

Myrza Miraj said,

May 27, 2009 @ 3:43 pm

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

nial said,

May 27, 2009 @ 3:47 pm

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

Adi said,

May 27, 2009 @ 8:30 pm

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

JoshuaK said,

May 27, 2009 @ 10:27 pm

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

chris said,

May 27, 2009 @ 10:54 pm

what is the EMA that you use ???

DogPaw said,

December 25, 2009 @ 10:17 am

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.

Haydz said,

September 26, 2010 @ 9:47 am

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,

nial said,

September 26, 2010 @ 7:26 pm

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.