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Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Price Action Confluence Trading Strategy

2011-10-15T20:01:18+00:00
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By in Forex Trading Videos Last updated on | 29 Comments

Below is a Price Action Forex Trading Strategies Video Tutorial – Looking at the GBPJPY 4 Hour chart, I talk about using the 3 step filter process for finding Forex trades with a strong confluent “hot point” which produces high probability forex trades, and good risk reward trade setups.

Video synopsis – 4 hour GBPJPY price action at resistance level

This video discusses a 4 hour GBPJPY pin bar reversal setup. We are only using plain vanilla price action on the chart in this video, no indicators or hype, just horizontal lines, candlesticks and price action that has occurred on the 4 hour interval of the GBPJPY.

The GBJPY provides some very good intra-day trades from time to time; however it is important to not over-trade.

In this video we are first going to mark the “hook” or “swing” points in the market, you will notice the market will often move from swing point to the next in a “stepping” fashion, this is trend development. We want to connect these hook or swing points with horizontal lines in order to highlight the confluent levels in the market.

Pin bar reversals are “hot” signals for price rejection, this chart setup contains 4 in a row which occurred near a strong horizontal level.

Taking all 4 of these pin bars near the key level in the video would have made money on 3 of the 4 setups.

We are trading with the downtrend momentum at the horizontal level discussed in this video, the pin bar signals formed near the confluent area, or the “hot point” as I call it. These “hot points” are typically very high probability setups, entering them with a tight stop loss can lead to substantial risk to rewards, the setup in this video netted traders R:R of 1:3 or 1:4.

You won’t make profits on all trades, you just need to master one setup and be consistent with it and then your winners will pay off and you will make money as your risk to reward pays off.

We are not going to trade EVERY signal, miss some, lose some, win some, the winners should offset the losers with price action trading – master one , its achievable to make profits with price action trading.

New or struggling traders should go back to basics, learn and master one setup before moving on. Most traders end up over trading or using messy indicators, this leads to failure.

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. Dixee June 7, 2017 at 2:20 am

    Thank You

    Reply
  2. Ireni October 10, 2016 at 8:01 am

    Could you teach me how to place stop loss trailing stops and take profit?

    Reply
  3. WEALTH June 8, 2016 at 9:12 pm

    dont just know what to comment…

    but i mean this guy is something else.

    i have not even started trading and yet i have every weapon in my trading arsenal.

    well all i can say, is

    NIAL FULLER WE BLESS YOUR MOTHER FOR GIVING BIRH TO LARGE HEART INDIVIDUAL LIKE YOU

    YOU ARE JUST AWESOME

    Reply
  4. moses November 27, 2015 at 2:28 pm

    this is really a good strategy

    Reply
  5. makes January 26, 2014 at 10:16 am

    Good job bro

    Reply
  6. Muhammad Farooq December 22, 2013 at 4:28 pm

    excellent lesson sir, Thanks

    Reply
  7. Leon April 2, 2013 at 6:01 pm

    Thank you so much

    Reply
  8. Nourein Mohssein January 24, 2013 at 8:26 am

    Thanks Nail I like yr teaching way so much :)

    Reply
  9. Nadeem November 28, 2012 at 9:47 pm

    Hi Nial,

    Nice explanation in this video. Please mail the next video with these kinds of explanation.

    Regards,
    Nadeem

    Reply
  10. refael September 29, 2012 at 11:55 pm

    hey nial…reakky love your videos
    in this video you said something very important for the new traders
    learn to master one strategy and after you mastered it learn another

    which strategy you recommend on mastering first? casue there are many of them

    another question is
    as an expert trader which strategy you found the most relaiable of all? in precentages of sucsess ?

    Reply
  11. paul onyeoka June 1, 2012 at 11:25 pm

    thanks so much nial for this video, it has drastically change the way i trade price action with trend.

    Reply
  12. adegboyega November 9, 2011 at 1:42 am

    thank you again Nial, great video. Very helpful

    Reply
  13. major July 30, 2011 at 1:03 pm

    Nial, you refer to mastering ONE type of signal before adding others. In your journey as a trader, what signal did you master first?

    Reply
  14. YJ November 14, 2010 at 5:42 pm

    Hi! Nial! Very impressive video tutorial. I strongly agree with price action, money management and emotion are the keys in trading. Thank you for your good job!

    Reply
  15. K. Raymond May 13, 2010 at 12:58 pm

    It doesn’t get any easier than price action with the horizontal lines around a confluence zone Nial! Yet another great trading video!

    Reply
  16. jon May 12, 2010 at 1:18 pm

    many thanks for these honest approach videos, they are extremely helpfull.

    Reply
  17. josue March 24, 2010 at 12:23 am

    Hi Nial
    your videos are really amazing.You really talk the truth about price movement, how to feel the market,no indicators, no oscilators.Just one question: what’s the probability of getting good trades (risk/reward) using the PA methodology? Thanks
    Josue
    From Brazil

    Reply
  18. damion December 1, 2009 at 1:06 pm

    This is really good stuff Nial. Simple is really best. So goodbye to stochastics, MAs, volumes, and other indicators. My mind feels much more at ease.

    Peace!!

    DR

    Reply
  19. mick November 9, 2009 at 1:51 am

    Hello Nial,
    I have been watching and analising your instructions and I have to agree with everybody else .EXELENT.
    Thank you for everything you are doing for us all.
    I will be signing up for your course very soon,as soon as the time allows me to really take it .
    Many thanks
    Mick
    UK

    Reply
  20. TomK October 12, 2009 at 7:48 pm

    So glad I found Nial’s course and this forum. I am beginning to find the trades and become more relaxed about entering the markets.

    Nial is an excellent teacher and price action is the way to trade.

    Thank you Nial

    Reply
  21. Ruslan October 8, 2009 at 12:51 am

    Hello again nial

    I ,ve made a handsome a profit on trading GBPUSD on 7/10/2009 .I managed to anticipate the setup and able to execute selling option and rides down the market to 34 pips.
    thank to you nial

    Reply
  22. Godwin October 5, 2009 at 6:42 pm

    Good Nial:Sorry i have seen the gbpchf daily, sure those
    good student of yours are getting profit now.
    Eliamani from Tanzania

    Reply
  23. ida October 5, 2009 at 3:58 pm

    Excellent Nial!! Thank you! Thank you! You really opened my eyes about price action technique. I have been using indicators for the past 1 year and I find understanding price action is the most basic understanding to trade forex. At least now I can read the chart better than just follow the indicator without really understand what is going on in the market. Great knowledge!..Hope you keep it up ya.

    Reply
  24. tom power October 4, 2009 at 12:29 pm

    Great Video
    here’s to the pinbar dude!

    Reply
  25. traydor October 3, 2009 at 10:20 pm

    love your work nial keeping it simple ..cheers

    Reply
  26. Ruslan October 3, 2009 at 1:26 pm

    Thank you nial,good to hear from you again
    very informative videos indeed,i’m new in forex ,and honestly i think the strategieis used in the cross chart analysis were quite relevent and i finally see a glimp of hope in forex trading

    thak you again nial

    Reply
  27. bridgespotter October 3, 2009 at 11:59 am

    Thanks Nial, glad to be on your course and your videos are fantastic. Price Action really works
    bridge.

    Reply
    • nial October 3, 2009 at 12:02 pm

      Bridge, patience, price action and risk reward are the keys, focus on these core elements and trading results will improve. Glad to see you love the videos

      Reply
  28. Smi October 3, 2009 at 6:46 am

    superb…THANK YOU

    NEXT WEEK MY CHARTS WILL BE CLEANED UP…

    BLESS YOU..have a good week-end

    Reply

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