Login
XMAS SPECIAL: Get 50% Off Life-Time Access to Nial Fuller's Professional Trading Course - Ends DEC 31st - Click Here

Announcement: Nial Fuller Wins Million Dollar Trader Contest with 369% Return - Read more.

This is a  Forex Video Tutorial on “Set And Forget Price Action Forex Trading Strategies”  This Video  Explains How To Trade Set and Forget Forex Strategies So you Can Place a Trade, Walk Away From The Computer Screen and Still Have a Life and A Job…The idea behind this style of trading is that the trade will either be stopped out or make a profit. Enjoy!

Related Trading Lessons

Video Synopsis – Set & Forget Price Action Forex Trading Strategies

In this video we are discussing the “set and forget” forex trading auto strategy. This means you let the market do its thing; walk away, set your orders and then forget the trade. This is a very simple trading strategy; we use price action signals to alert us to the trading opportunities, we then place a limit or market order to enter, place a stop loss, than place a conditional order to cancel the stop loss if the profit target is hit.

In this video we are looking at a GBPJPY daily candlestick chart and a price action reversal setup off the 147.00 level that alerted us to the trading opportunity in this market. I placed a sell on limit at 146.00, a stop loss just above 147.20, so say a 130 pip stop loss. The set and forget strategy places a conditional order to take profit at a minimum of 2 times risk, so a 260 pip profit target in the case of this setup.

If you sit there and watch the market and watch your charts you will invariably experience an emotional drama and are very likely to end up “meddling” in your trade and thus screwing them up.

This idea of walking away from the market and letting it do its own thing can be one of the best things you can do to improve the bottom line of your trading account. Removing yourself from the market and from looking at your trades is one of the best ways to eliminate emotion from your trading. Use my set and forget price action forex trading strategy to improve your forex trading.

XMAS SPECIAL NOTE: Until December 31st - Get 50% Off Life-Time Access To Nial Fuller's Professional Forex Trading Courses & Daily Trade Setups Newsletter -  Click Here For More Info.
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

53 Comments

  1. CRISTY says:

    EXCELLENT BUT STILL LEARNING THANKS

  2. rajesh vishwakarma says:

    good video ..very effective method to place order Thanks a lot

  3. paxy says:

    This is good stuff you are doing nial. Keep up the good work.

  4. abubakar says:

    this is the most inspiring fx trading place i have been to and will remain here,will soon be a member

  5. Muhammad Farooq says:

    very good tutorial Thanks Sir,

  6. Bob says:

    Hi Nial,
    I will be definitely giving this a go next week.
    Thanks Nial :)

  7. haroonafridi pakistani says:

    brother good leeson thanks

  8. Leon says:

    Thank you so much nial

  9. Merryweather says:

    Thank you for making the VDO.

  10. naveen says:

    Hi Nial,
    I find it difficult to not interfere with my targets, most times i modify my targets after getting into trades, exiting prematurely. What do you suggest i should do to improve in this?
    If i don’t watch my trades after entering won’t i be loosing opportunity to learn from live price action ?

    Regards

  11. hiệp says:

    thank !
    vgx.vn

  12. Agnes says:

    Hi Niall,
    thank you very much for publishing your videos

  13. Thomas says:

    Thanks Nial ! You keep everything simple and easy to understand for others.

  14. Anthony says:

    Thanks, so simple so usefull

  15. Dale Kevin says:

    Nice and practical system. Thanks for sharing your field of expertise. This is simple and stressed free way of trading!

  16. Adejumo says:

    very educative video. may God be with you always.

  17. Mithun Girishan says:

    Thank you Nial. Set and Forget strategies are awesome :)

  18. nauriz says:

    130 pips, it s crazy! And takes way toooo much time to get 260.

  19. bud says:

    Hey Nial I enjoy and learn from your course and really love your lessons.

  20. Genadij says:

    thanks,Nial I”m very like you lesson.

  21. Mohd Fitri says:

    thank you nial… the video really help me in trading…
    good explanation..

    trader from malaysia

  22. Janine says:

    Thanks, Nial. God bless!

  23. Larry Hoover says:

    Nial,

    Me again. Just to let you know that I finished my trading plan. Went more in depth than I had to (9 pages) but it’s jam packed with your ideas and concepts – including Set and Forget. Will be focusing only on the Pin Bar setup until I master it and later the Inside Bar and then the Fakey. Do you like my order of mastering the setups? Thanks – Larry

  24. David says:

    I like the simple, clean approach. Also anything that gets me away from staring at charts. I’ll give this a go. Cheers mate.

  25. Jason Stapleton says:

    Set it, and Forget it! I love it. Well done on the video by the way. Very easy to understand. Great instruction.

  26. mohammd says:

    Nial,

    I like your set and forget way of trading, when you watch the trade too much going on in your head. I trade mainly on the 4 hour time frame using moving averages, support and resistance and going with the trend. i am very interested in learning how to trade price action.

    Thanks…Mohammed

  27. Larry H. says:

    Nial,

    As always — nice and clear and simple. Can’t wait to be joining you and your team later this month. I’m a 72 yr old Senior on a tight fixed income and your July Special is quite an offer and something I will be taking advantage of.

    Until then…and Thanks…Larry

  28. Andrew T says:

    Nice one Nial,I’ve been confused by too many indicator type systems for a long time now.Not any more!!!

  29. nursodik says:

    amazing….amazing…!!!

  30. Jake says:

    Awesome video as always. Looking forward to being able to sign up for your training course.

  31. Luis says:

    Dear Neil
    thank you very much for publishing your videos, they are indeed very instructional, effective and simple to understand.

    best wishes

  32. samuel says:

    I must confess that you are doing a really nice job educating people, especially those aspiring to be forex traders. I wish you success in your tradings and I look forward to more from you

  33. Kithaka says:

    You’re an amazing guy, Nial, and I actually got a lot from your post. Mine is however a basic idea of how the forex market works, and I need more than that if I’m to trade. Would you teach me?

  34. Asif Ahmed says:

    It’s a pretty informative post.It’s my first visit.I like very much your way of presentation.Some great information to be absorbed in this post.Thanks a lot for sharing.I have bookmarked this for my friends. Keep blogging.

  35. Dammy says:

    Good job.Nice and simple.

  36. ana says:

    Dear Nial,I am a begeiner trader and this video for me is like an encourageing to go on. You make in simple and you keep it simple,great video, thank you.

  37. David Rabbin says:

    A nice exercise in the way to analise the chart actions ie the correct conclusions to be drawn from the the action of the bars. Very unformative

  38. evarist asika says:

    whoa!!Nial this video awesome,it just simplified the art of forex trading,thumbs up Nial.

  39. Larry Hoover says:

    Nial,
    As usual well done again. I love the simplicity of price action. Related to price action I am looking very closely at Point and Figure charting. This is a price only way of looking at the market with the focus on supply and demand.
    Thanks again for your articles and method of trading.

  40. Agnes Alungat says:

    I haven’t yet started trading but I feel I can’t wait to start already! Thanks Nial and may the good Lord, bless you always.

  41. Michael says:

    Thank you Nial you have really changed the way i look at the market.

  42. Kotijett says:

    thanks Nial… thanks for the article the other day about why traders fail. Given the market conditions the temptation to over trade has been relatively easy… infact too easy… so have been taking profit to reduce greed and risk…oddly enough I actually applied a rule which is “be patient”…as a result over the last few weeks I traded less and reworked my trading plan to keep it simple and made profit… I do use the 10 ema and RSI in my trading plan to keep me in check but otherwise I trade using price action to “set and forget”… and like in the video, I look at my trades at the end of NY session and review my trades for the next day… I first saw this video nearly a year ago and seeing this video again is confirmation to “keep it simple”.

  43. BVC says:

    Thanks again Nial!

  44. Beremako says:

    Nial, you are a blessimg to mankind. Thanks a lot. I followed your simple method today and made some pips.

  45. marc says:

    amazing videos very detailed

  46. ellen eun says:

    I enjoy to read your pinbars charts and thank you for your teaching in freindly time and efforts.

  47. Simon says:

    very good entry point,
    right time and right trend and right action place,
    small cut lost and bigger profit

  48. Robert L. Wilkinson says:

    Nial;

    I enjoyed this video and the simplicity of the concept. I thank you for your efforts.
    The little voice in my head tells me that I want to do this, but shouldn’t because if the trade turns around on me I need to get out. I wouldn’t know if it turned around if I set and forget.

  49. BrianS says:

    Nice going Nial!!!! Thank you teaching in such a freindly and simple manner.

  50. GanandoPips says:

    I use to take pinbars on their 50% too… Nice trade! Thanks Nail

  51. tab321 says:

    Nial

    Another Great Video. Thanks for keeping us in training through these free video lessons. I always enjoy each presentation that you do.

  52. Majid says:

    Great……

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