Special Note: Save 30% Off Nial Fuller's Trading Course & Daily Trade Setups Newsletter (Ends November 30th) -
Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

The Forex Fakey “Inside Bar False Break Chart Pattern”

2008-10-05T19:59:13+00:00
author thumb
By in Forex Trading Videos Last updated on | 7 Comments
This Is a VERY OLD video, Very Dark Chart, So It’s Slightly Unclear, I just wanted to Share It With Traders as It’s One of My Favorite Videos Where I Explain The Fakey Forex Setup, I Hope you Check Out Some More of My Forex Videos.  Make Sure You Comment on the Video Below, Thanks, Nial.

Video Synopsis – The Forex Fakey “inside bar false break trading setup”

In the above forex trading educational video I discuss a price action fakey setup that occurred on the EURUSD fx pair.

In this video I demonstrate how to trade the fakey and what to look for prior to taking an entry:

The simplest way to define a fakey is an inside bar breakout that fails. If the trend is down we want to short a break down, if the trend is up we want to buy a break to the upside. The fakey setup is a professional trading strategy because most amateurs buy breakouts or try to pick tops / bottoms, the fakey plays off of these amateur trading mistakes.

Once we get a false break from the inside bar / mother candle structure, we can take a position once the market starts to move back in the opposite direction after all the stop losses have been taken out and the amateurs begin to panic. This video is an example of how to trade the fakey setup reversal bar entry.

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 20,000+ students since 2008. Checkout Nial's Professional Forex Course here.
  1. erside September 15, 2011 at 10:26 am

    good very good nial fuller

    Reply
  2. MK August 16, 2010 at 2:45 am

    Thanks Nial :)

    Reply
  3. Nwachukwu January 26, 2010 at 7:41 am

    Is cool and informative.You have helped illuminate the way i see price action.Thanks a lot.

    Reply
  4. Momo January 26, 2010 at 12:00 am

    It is good.It does easy to understand for new trader like me.Thank you.

    Reply
  5. Joe'Lasisi January 25, 2010 at 7:36 pm

    This is great. A big thank you.

    Reply
  6. Mark Rashleigh January 25, 2010 at 7:22 pm

    It maybe old but still very informative keep them coming

    Reply
  7. Kevin Walker January 25, 2010 at 2:29 pm

    Great video. I like your style of commentary, easy to listen to and understand. I hope to learn a profitable traid from you.

    Reply

Leave a Comment

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