Login
SPECIAL NOTE: Until September 30th, Get 35% Off Life-Time Access to Nial Fuller's Professional Trading Course - Click Here

Today’s Forex Training Video : Understanding the False Break “FAKEY” Price Action Strategy. Please watch the ENTIRE VIDEO.

Related Trading Lessons

Video Synopsis – Forex Price Action Strategies Video

In the above forex training video I discuss the “story” that surrounds the trade setup to begin with. The story is that one of my member’s posted up this setup in the member’s forum and this alerted me to a setup that I otherwise would have missed. The point is that my trading community has grown to such a point that trader’s are interacting with one another and bouncing ideas around and learning from each other, the member's forum has also recently been totally re-vamped with a brand new V-bulletin forum!. We are learning how to find price action setups here instead of being spoon-fed trading signals.

Anything above a 1hr chart is something that I personally look at on the majors pairs. In this video I discuss the more advanced “fakey setup” with simple trend analysis and swing point analysis. I discuss the fakey setup extensively in my trading course. The trend was down in this setup and we had a swing point providing confluence of resistance at 163.79. A member in my forum posted up the large pin bar / fakey reversal that showed rejection of the mentioned resistance level as well as a false break of the inside bar cluster. The confirmed entry for me would have been the close of the pin bar itself, a more conservative entry would have been a break of the low of the mother bar that surrounds the inside bars. This video discussion pin bars reversals and the fakey is for education purposes only, as always.

nialfuller

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.

Now I want to hear from you! - Click Here to Leave a Comment

18 Comments

  1. Doug Gray says:

    Wow, how simple you explain trading. When I am more familiar with basics I will definitely be joining and buying the course…….thanks

  2. rajesh vishwakarma says:

    Good video and Nice comments..Thanks

  3. pitborirak says:

    good video.

  4. Leon says:

    thank you so much

  5. Geetha says:

    Hi Nial,
    This was a good setup

  6. George says:

    Nial; Thanks again.

  7. victor says:

    every lesson learn t build s an individual,thanks for all the videos they have been a great help

  8. Elias Finoli says:

    Give a man a fish, you feed him for a day; teach a man to fish, you feed him for a lifetime

  9. joseph says:

    hi Nial, you are the best.Thank you so much for the good work…….i cant say thank you enough but certain the worid appreciate you.Great you are.God bless you with more wisdom

  10. Jeff says:

    Thanks Nial,

    The truth of forcing the emotion in order to break the emotional control is so important. After being referred to your website from a friend it opened my eyes that I can be involved in the Forex market without having the 5 -10k account my friend plays with. Adding to this is the fact that he enjoys my reflections on the chart even though he has given it real time and money.
    I look forward to learning all your lessons and applying them and sharing my trades without the gambling nature I have followed prior to this enlightenment.

  11. damion says:

    These are really great stuff. Thanks Nial for sharing.

    DR

  12. Renaldo says:

    Hi Nail

    I know that you get this question daily.How much capital do i need to start up for day trading currency?

    Thanks
    RB

    1. nial says:

      Hi, In my eyes, the trader knows how much capital he is comfortable trading. That means what he can sleep at night trading and feel comfortable if he was to loose all of it. As forex can be risky if you dont know what your doing, its best to start trading real money in smaller quantities until you become more confident. I think $200 to$500 is actually enought to learn on, you wont get rick overnight, but If you apply price action principles and manage your capital correctly , then you could double that money quite quickly. The idea is that real money will produce real emotions, and a demo account wont do that for you. The sooner you can be confident enought to trade even mirco lots, the more you will learn about real trading emotions etc. Hope this helps.

  13. jammy says:

    Nial, i’m 15 and i haven’t bought your course yet but been doing very well on demo …about 2k pips/month off the H4 H1 and sometimes dailies.
    seriously thinking of getting your course, keep up the good work.

    Jammy

  14. thieunam says:

    thanks for your videos, it is really great.

  15. ellen eun says:

    Thank you for you emailed me to learn 4h tf
    you are very generous to teach me like new student
    just thank you very much I love Australia and people are very nice

    Thank you again

  16. felix says:

    hey nial , i want to ask you a Qustion

    What kind of platform are you using?

    Because if you dont have good broker and platform you will not see the right pin bars

    thanks for your help

    1. nial says:

      I use Meta Trader – Using New York Close Chart server. Not all meta traders versiosn are new york close sever time.

Leave a Comment

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

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

legal
Copyright 2008-2016 Learn To Trade The Market