Learn To Trade Price Action with Nial Fuller...
PRICE ACTION FOREX TRADING COURSE
Heres a Video Which Shows You How To Trade Forex with The Pin Bar Price Action Trading Strategy. This Videos Shows How I Use the Pin bar and Inside Bar Fakey Reversal to make what I call the” 3 tier ” confluent trading entry. You May Also Like to Read This Related Article - Pin Bar Price Action Trading Here
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Author Bio: Nial Fuller is considered a leading authority on price action Forex trading. His trading philosophy is centered around simple and logical trading concepts. You can read Nial Fuller’s bio page here.
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Video Synopsis:
In the above price action forex trading strategies tutorial video, I discuss how to use price action to trade with the dominant trend using the pin bar and inside bar fakey reversal setup with confluence to make a high probability entry on the GBPUSD 4hr chart.
We first look to establish what the direction of the dominant trend is; in this case the trend was down. Next we are going to look for significant horizontal levels in the market, or areas were price has bounced from numerous times; I refer to such areas as “hot points” in the market. We next look for price action signals as a third form of confluence to “confirm” our entry decision into the trend.
In the video above there were a series of rejection candles, these are candles with long tails that are obviously showing rejection of a significant horizontal level. We want to see the market closing “off the line”, meaning we want the close of these rejection candles to be on the side of the horizontal level that is in the direction we are looking to enter.
I made a 4 to 1 profit on this trade setup, meaning I profited 4 times my risk. I entered on a break of the low of the price action setup and then placed my stop just above the high, initially I aimed for a 2 to 1 reward but than once the market continued lower I became increasingly bearish and decided to trail my stop down to break even and then down to lock in 4 times my risk.
Profit is measured in risk to reward scenarios, not in pips. You calculate your potential profit on each trade as a multiple of your risk; you ideally want at least to double your risk or a reward to risk of 2 to 1, the higher the better.
Effort and on-going study are required, some price action setups are very consistent, not all of them, but they do work very well; trading is not a get rich quick scheme. This is an on-going project requiring passion with a longer-term outlook, it can be done, plenty of people do it, however plenty also drop off the radar mostly due to greed.
Copyright – Learn To Trade The Market Author Nial Fuller
A very good illustration on pin trading.
thanks, again, for sharing a priceless strategy
you are a kind and a generous man
God bless
Great video Nial. Really thoughtful of you to share such helpful information.
I will be starting live trading with USD500. Do you have any recommendation on what time frame I should use with the Price Action strategy.
God Bless!!
Nial, I can confidently say that you are indeed the man. I was so fortunate to have stumbled upon your site and am enjoying every moment of it. Guys like you are hard to come by. Your vids are awesome. Even a five year old can catch on fast. Great stuff I must say. I am about going through the Price Action vid and wanted to say a few words first. Keep up the good work bro.
Merry Christmas.
a very good lesson, thanks. I will try to apply.
To all traders… Nial is so honest and this video really brings that out… there are so many hucksters out there who are in it for YOUR money… not to help you learn to make money, but to profit from your hard earned money with the thin hopes of you making it rich quick. It all takes study, time, good instruction, and applying what you have learned from great teachers like Nial… he is a refreshing breeze in the steamy forex education jungle… thanks for listening to me and learn from this man. By the way I am learning too and this is being submitted by my free choice… Ric (residing here the USA)
Excellent explanation Guru…. after looking at yourvideo i have changed my mind to rework and come back again. i had totally dissolved in indicators… but even the above video also, you need lot time to learn and perfect oneself.
I know you will be busy, but please communicate if you have any training session at Singapore. txs blr.
I dont do singapore seminars at the moment, but I may in the future.
Hi Nial
seems like you have a mental target at 1:2 first in your initial trade placement.
when it reaches 1:2 , you place SL to BE. and let it ride to 1;4, is that right ?
Nial, I knew when I discovered your site that it was something special…but now after taking it all in and rereading everything and watching your videos, my demo account is up 10% in 3 days and my accuracy has been more than 90%. I know that it cannot always be that good, but I thank you thank you thank you for helping me to become more profitable and more accurate in choosing the correct set ups! You rock! If I am able to maintain this accuracy and profitability for the next few months, I will open my first live account. I thank you from the bottom of my heart. Sincerely, one of your biggest fans…
Great video! Very clear explanation of this strategy.
Great video Nial,It’s refreshing being taught “Simple strategies”Rather than the unreliable overuse of indicator type jibberish I recently wasted thousands on!!!!!!
I have a good friend and mentor who gave me Nial’s “learntotradethemarket.com” and must say i am impressed by this young man, Nial and will watch more of his video to regain confidence in forex. God bless !
This is a very good, useful, and honest video. I have been a member of Nial’s site for about a month and I have been slowly going through the material. I am not a complete newbie to trading, since I have spent the last year trading daily the ES with real money, and I have learned a great deal the hard way. What I have learned over the last year is confirmed by Nial’s videos and comments — that it’s critical to pay attention to risk/reward ratios and money management, and have a great deal of patience, plus the removal of the emotions (and if it has to be done by removing yourself, then fine!), as well as a simple, clutter-free approach to looking at what the market is doing. Bravo to Nial for taking the time to help people out who are starting fresh, when he really doesn’t have to.
Thanks Nial
Fantastic tutorial. So much to learn. Gonna watch it a few times more now
nial, u hit it on the nail, I trashed my capital 4 years ago. its been a long road to ho back. maybe i’ll nibble at trading this year
Awesome website!!
Nial,
Another winner!
Awesome. Thanks Nial.
Nial,
I first stumbled on your site last year. I only revisited it today after wasting thousands of dollars on software that are near to absolute trash.
I spent the whole of day analysing my past trades using your pin bar method as outlined in the video presentations. The accuracy is stunning. If followed with common sense, one could make steady profit.
Thank you for giving back to the forex community.
Pampam.
thanks, nial very useful information to trade…
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danc said,
September 25, 2009 @ 4:40 pmEXELLENT exellent Vidio.. Nial..