• Nial Fuller

    NIAL FULLER Nial Fuller
    Professional Trader, Author & Coach

    The Ultimate Forex Trade Entry ‘Trick’ You Need To Master

    Missing PieceIf you’re a regular follower of my blog, you know I’ve written articles discussing “sniper” and “crocodile” trading and the benefits of this trading style. In today’s lesson, I am going to help you understand what this trading style is all about, and I’m going to show you exactly what it means to wait patiently like a crocodile for the ‘perfect’ trade entry to come to you. This trading approach is really the keystone that holds together my entire trading philosophy, and if you master it you will be one giant step closer to becoming a successful trader. Let’s get started…

    So, what is this trade entry ‘trick’ Nial and why should I use it?

    Glad you asked. The main idea of this trick is that when you see a price action trade signal or a trend, you don’t just jump in right away at market price, instead you do what most of the other traders are not doing, you wait for a pullback, retrace or a rest in the market. What exactly does this do and how can it help you improve your trading results?

    There are essentially three very significant ways that this trade entry trick can significantly improve your trading results:

    1) By waiting for a better entry, it allows you to get a tighter stop loss on a trade which in turn allows you to potentially make more profit on a trade by increasing your risk reward. This means you can trade a bigger position size (more contracts or lots) without risking more money.

    2) By waiting for a more optimal, or conservative entry on a trade, we can decrease the probability of getting stopped out for a loss because our stop loss is placed in a safer location , thereby giving the trade more room to breathe. Now, instead of a losing trade you potentially have a winning trade, and instead of losing 1R you’ve profited 2 or 3R or even more…that’s a major difference in your trading account value.

    3) This trade entry trick also allows you to wait for a better entry on those trades that you are just not 100% confident in and would maybe prefer to risk less on. It can allow you to get a better stop placement as we talked about above, and if you just really want to be more conservative and let the market come to you on a trade, the trick gives you this option. By waiting for a better entry and getting a safer stop loss placement on a trade you are essentially reducing the risk of a stop out and thus reducing the risk in general on the trade, and on a trade you aren’t totally sure about this can often be the best option.

    Note: This trading trick of waiting for an optimal entry on a trade might mean that you miss a trade sometimes, but this should not worry you because that is what sniper trading is all about; we are waiting patiently for the ‘easy’ targets to simply ‘walk into our sights’, rather than shooting at everything that moves. Over time, this approach should increase your win rate and will build your confidence in your ability to not only trade profitably but to remain patient and disciplined as well, and that is truly something to be proud of considering lack of discipline and patience is most traders’ downfall.

    Also, before we get into the chart examples, I’d like to make a point of noting that this trading ‘trick’ is really more about focusing on an ideal entry point on a trade, rather than on tighter stops. Most of the time, a normal stop loss distance should be used as the market needs room to breathe. Tighter stops should only be used on setups you feel very confident about and ideally after you’ve gained some solid screen time and trading experience.

    The trade entry ‘trick’ in action

    • Waiting for the optimum entry point on a trade we are 100% confident in

    When you have a strong view on a particular price action trade setup and you would like to get the best entry possible so that you can increase the potential profit on a trade, the trade entry trick is your most potent weapon. Remember, to ensure optimum entries you have to be fine with potentially missing out on a trade from time to time, you have to accept this as part of being a highly-skilled price action trading ‘sniper’.

    In the chart example below, we can see how the trade entry trick can increase the risk reward on a trade by allowing you to get a tighter stop loss and thus trade a larger position size. In the daily spot Gold chart below, we can see an obvious fakey with pin bar combo setup formed on October 15th. The ‘trick’ entry would have been at the key support level through 1272.75 which is also very close to the 50% level of the pin bar. Note that waiting for this retrace entry at the key support level would have allowed you to get a tighter stop loss on the trade and a 4R profit as a result. A ‘normal’ entry on this trade setup, near the pin bar high with stop loss near the pin bar low would have netted you no more than 2R profit. So you can see by waiting for the more optimal entry on this setup we could have at least doubled our profit on this trade…

    trickentryriskreward

    • Using the trade entry trick to avoid getting stopped out prematurely

    Another excellent way to take advantage of the trade entry trick is using it to help you avoid getting stopped out on a trade before it moves in your favor. By waiting for a more conservative entry (a better entry), we are being less aggressive because we are being more patient and using more discipline in waiting for an optimal entry. The net effect of this patience is allowing us to have more breathing room on a trade by shifting our stop loss further away. This use of the trick is not about reducing your stop loss distance, indeed you will keep the same stop loss distance as a ‘normal’ market entry, instead, you’re getting a SAFER stop loss placement and getting more breathing room on your trade, thereby increasing the probability of being on-board when the market moves in your favor.

    In the chart example below, we can see another fakey / pin bar combo setup that formed recently, this time in the daily USDJPY chart. Note in the first chart, if you had entered at market with a ‘normal’ (impatient) entry, you’d definitely have gotten stopped out for a loss if you had your stop just below the pin bar low…

    Now, let’s compare what happens when you use the trade trick entry to the normal entry in the chart above. In the chart below, we can see by waiting for an entry near the 50% retrace level of the pin bar and keeping our stop distance the same, we actually avoided the losing trade and turned it into a nice 2R winner:

    trickentrynostopout

    Here’s another example from a pin bar signal that stopped many traders out in the Gold market back in early August of this year. Note that the market moved slightly below the pin bar low before rocketing up into what could have been a nice 3R or more winner for you if you had just waited for the more conservative retrace entry and kept your stop loss distance the same…

    goldnostopout

    As you can see from the examples above, the idea with this trade entry ‘trick’ is that we are reading the price action in a market and when we find a trade setup and have a view on the market, we can then fine-tune our entry and this then gives us options for stop loss placement and targets. This is much different than just jumping in right away on our first observation of a price action signal or market bias. This is called pin-point accuracy sniper-trading and it’s the most powerful way to trade the market in my opinion.

    • Using the trade entry trick when your belief in a trade is not 100%.

    Sometimes, you will come across price action setups that you just aren’t 100% confident in but that still meet your trading plan criteria. For these types of setups you may elect to use the trade entry trick to play the trade more conservatively by waiting for an optimal entry. By doing so, you can give the trade more room to breathe by getting a better stop loss placement as we discussed above, and you will be letting the trade ‘come to you’ rather than entering too aggressively on a trade you don’t feel totally confident in.

    In the example chart below, we can see a recent pin bar in the GBPJPY on the daily chart time frame. Note that this was not exactly the best pin bar signal because it was a bit small and its tail didn’t really protrude out from the surrounding price action. Still, the underlying bias was bullish in this market and certainly longer-term there was a clear up trend. Thus, this may have been a signal you were less than 100% confident on, so you could have used the trade entry trick to wait for a better entry which allowed you to shift down your stop loss and avoid market volatility more. The result was that if you had taken a normal entry near the pin bar close or high, with stop just below the low, you probably would have lost money on it, instead, using the trade entry trick the trade could have netted you a huge 4R winner, quite a difference:

    tradeentrytricknotconfident

    • Using the trade entry trick to get better entries in trends

    In a trending market, traders see the market moving aggressively up or down and often want to jump in a trade without waiting for a retrace. It is usually this not waiting for a pullback to enter that often results in traders buying near the high or selling near the low. Markets ebb and flow as they trend, so it only makes sense to look for an entry as the market retraces back to value, as it’s at that point that the market is most likely to resume the trend. If you enter when the market is extended, which is usually when most traders “feel good” about entering since the market looks “safe”, it’s at this point that the market has a higher-probability of retracing and stopping you out for a loss because you didn’t wait for the retrace.

    Let’s look at an example of waiting for a retrace to a key ‘event area’ level (I discuss event areas more in my trading course) before entering an uptrend in the NZDJPY recently:

    trickentryintrends

    Conclusion…

    It is important to understand that every trader is different and different traders have their own motives for using different entry types. Some traders will use the trade entry trick because they refuse to take entries that are not “ideal”, they may miss some trades but they are emotionally OK with that because they understand the importance of getting the best entry and how it can lessen the chance of a premature stop out. Still, other traders might want to use the trade entry trick to get tighter stop losses so they can trade more contracts or lots per trade, note that does not mean they are risking more money per trade, it means they are trading a bigger position size with smaller stop loss distance, checkout this article on position sizing for more.

    The main reason to use the trade entry trick I’ve discussed in today’s lesson is to get a better entry and to get better / safer stop loss placement, this allows you to avoid market volatility more and gives your trades the best possible chance at working out.

    Also, it’s important to mention that a trader doesn’t always have to be uncertain or conservative in their view of a trade to enter on a retrace or pullback, this is just how some traders always trade and it’s part of their trading plan. It’s a tool to add to your trading toolbox, and a very effective one at that.

    Keep in mind that the way we trade at Learn To Trade The Market is unique and we must apply discretion to each signal, because trading can’t be mechanical if you want to stand the test of time. You might choose to use the trade entry trick with a normal stop loss size or a tighter one, and you might elect to risk the normal $ amount or less, it’s up to you and discretion must be applied.

    Over time, after learning the approach and screen time, a trader will start to develop their own unique style and entry methodologies to extract as much profit from the market whilst risking the least amount possible. These tweaked entries allow us to significantly improve our strike rate and overall risk reward, which ultimately should put more $ in our trading account.  It’s not going to work for you if you don’t have plenty of knowledge on price action signals, reading charts and reading markets. My trading strategies are powerful, but you still need to know how to use them and how to manage your stops and targets. Your goal as one of my students is to put it all together and experiment and play different scenarios, it’s the only way you can truly learn this stuff, again it’s not mechanical and it’s not a perfect approach, every price action signal is unique and every entry, stop and target placement is unique. If you want to learn more about how I use price action to find optimal entries in the market, checkout my price action trading education course for more information.

    Good trading, Nial Fuller

    I WOULD LOVE TO HEAR YOUR THOUGHTS, PLEASE LEAVE A COMMENT BELOW :)

    Any questions or feedback? Contact me here.

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    Nial Fuller

    About Nial Fuller

    is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers and he has taught 25,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
    Nial Fuller Professional Trading Course Preferred broker 2020 v1
    1. Monirul Islam

      Dear Sir,
      Thanks a lot of & I pray long live in The World to give a power full Trading Strategy
      To help weak Forex Trader.
      Thanks again
      Monirul

      Reply
    2. Remmyforex

      Nice and conservative.

      Reply
    3. Seb

      Hi Nial,
      I have a question with these trick entries, Do you wait for the price to break the pin bar and then retrace or you take it before it breaks if it touch your entry anyway?

      Seb

      Reply
    4. Selwyn Harvey

      Thanks Nial for these educational tips. you explain it easily. So much to learn. Cheers.

      Reply
    5. John Glynn Zerna

      Nial,

      Your truly awesome! You teach with authority and knowledge. I wish I could have a double portion of your Forex Trading Knowledge. God bless and keep up the good works.
      God bless you more.

      Best Regards,

      John

      Reply
    6. Steve Bryant

      Just so GOOD!

      Reply
    7. David

      Very informative and eye 👀 opening . I just love it 🤙

      Reply
    8. THANG QUOC NGUYEN

      Hi Nial
      This is one of the best articles I have got .Thank you

      Reply
    9. QUOC THANG

      Hi Nial
      This is one of the best articles I have got .Thank you

      Reply
    10. MARIUSZ FLIS

      Thanks,good lesson.I come back after a year and lern

      Reply
    11. Dmitriy

      Very impressive and extended technique, Nial!
      Thank’s a lot for giving that knoweldge.
      Will add this to my trading plan.
      I’m proud to be your student.

      Regards
      Dmitriy

      Reply
    12. Brendie

      Good article that goes hand in hand with the limit entry(Oder) you don’t necessarily have to wait you just set your 50% limit entry and forget

      Thanks Mr Nial 🙏

      Reply
    13. Klenam Agbavor

      powerful speech my brother…Keep it up

      Reply
    14. Bongani

      Great article Nial.
      Am I correct in saying that the conservative stop loss is equal to the R dropped down 50% of either the pin bar or mother bar? Thus, it will protrude also by 50% below either bars.

      Reply
    15. Zibusiso Nyoni

      Powerful will certainly add this to my trading toolkit. Than you. Powerful.

      Reply
    16. Nkcubeko

      This is very informative. Yet another life-changing article.
      Thank you so much Nial.

      Reply
    17. Michael

      Hi Nial,
      Impatience to get into a trade is my archilies heel. This could help me there.

      Thank you

      Reply
    18. ghreatsky

      it happen to me. instead of a home run. i was stopped by a pull back.

      Reply
      • Zinnur

        Thanks for article!

        Reply
    19. MUNGE GATHURI

      Thanks a lot Nail that was a great article there only enter the markets when the correct strategy is present like a sniper only fire when you target is truly and positively identified.

      Reply
    20. Alexey

      Hi, Nial. Thanks. Article helped in real trade. Your articles very contribute to the study of strategy.

      Reply
    21. Réal Drolet

      Thank You so much Nial! Again, I retain that this unique and powerfull way to trade must be apply with discretion. I really appreciate your writting!

      Reply
    22. Chris

      Thank you for another thought provoking and honest article. It’s refreshing how you reiterate that trading is subjective and all these tools and entry signals have to be considered within in that market condition. In your pin bar article you mention placing entry at the break of a pin bar then the stop one pip below the tail- this technique has saved me several times as my order has not been hit. My question when using this tecnique do you place the order the wrong side of the market?, for example above current price if selling? I understand it can potentiall give a better R/R but adds another element of risk? This makes me think I would have to be more confident in the candle / confluence area as dont have that extra confirmation / saftey of price travelling through my entry in the desired direction. Really appreciate your articals, I am now only trading daily charts as you suggest which is changing the game for the better.

      Reply
    23. Jordan

      I enjoyed the read but after reading about pin bar. It must be extremely difficult to wait 2-3 days after you see a pin bar just to see if price will retrace down 50%. gbpjpy daily example it would be extremely hard in my opinion to wait for 2 days for entry. Overall extremely great concept and I get the idea

      Reply
      • Rahmat

        Hi Jordan, I think we are also wasting time if we entry too earlier when after that price retracing, and we also loss opportunity to have lower risk.

        Reply
    24. Rahmat

      I think this entry super tuning technique is the deepest part of pa. Thanks a lot for article.

      Reply
    25. Peculiar

      Hi Nial,

      What a great article! So how do we place our orders at 50% conservative retrace, do we use pending orders or we wait for the market to retrace to that level? Please advice.

      Reply
    26. JagsP

      Hi Nial

      Your course has lots of free treasures all over the place and this entry tick is one such. I like the approach but it would need emotional balance to wait for better entry. And I would like to know how can we control our emotion. Do you have any article on emotion control or psychology?

      Thanks
      your new student

      Reply
    27. Kurt

      Thanks so much for the article! Always learning….I want to know what you’re meaning when you refer to a normal stop loss in the 2nd XAUUSD chart? You said others traders would have gotten stopped out at the small pin bar. How would you determine to place your stop loss further our?

      Reply
    28. Mohammed Alam

      Its a wonderful article – Thanks lot Sir

      Reply
    29. joseph

      Insightful teaching, thanks a lot.

      Reply
    30. Tom Kissack

      Wonderful Niall I bought ur course quite a while ago, it is an amazing insightful course. Thank u.

      Reply
    31. Thabang Madondo

      Thank you my mentor. Salute

      Reply
    32. Ricardo Marin

      Hello Nial,
      I’ve learned so much with your website, it helped me to be patient for the best Setup.
      Thank you from Venezuela

      Ricardo M.

      Reply
    33. Danny

      TRICK ENTRY is great helps as a confirmation or maybe a reinforcement… Thanks Coach!!!

      Reply
    34. wealth

      Thank you Sir

      Reply
    35. anne

      Good article thank you

      Reply
    36. Willie Steynberg Steynberg

      Hey Nial
      Thank you for sharing your expertise so unselfish…as I am still very..very novice I am starting to study the candle sticks at the moment. But I am 57yrs old and the brain isn’t that sharp anymore (well dont know if it ever was actually hahaha…my own joke) and I was never good in mathematics at school either, so I believe that there are approximately over a hundred candle sticks to learn. Can you please give me your comment on this..
      Regards Willie

      Reply
      • Nial Fuller

        You don’t need to learn all of the candle patterns, just a few work consistently and those are the ones we trade with here.

        Reply
    37. mohammad

      you are wonderful. thank you for helping us.

      Reply
    38. Joy

      Very enlightening and helpul. Thanks a lot for everything, Niall.

      Reply
    39. Faheem

      Dear !
      You are the best !
      ALLAH Bless you always

      Reply
    40. TASWA

      I don’t know what to say at how it seems you can read the minds of newbies in trading. Your articles just solve our problems in detail. I have been struggling with entering my trades, with my stoploss being hit now and again and the market continuing in the direction of my trade. without me of course. This article seems to be the solution to that problem. THANKS NIAL. Keep up the good work.

      Reply
    41. Manas M

      Hi Niel, Your articles continues to put into perspective my scrabbled knowledge of trading. I am becoming refined trader with clearer objectives. I now understand the market activity better than before. Thanks

      Manas Manyaka

      Reply
    42. Ages, Nigeria

      Thank you Nial. You inspire us a great deal. Trading would not be this fun without your lessons. Thank you and God bless.

      Reply
    43. Mario Medina

      Hi Nial

      This is great technique, but I have a doubt: if the price doesn’t touch the limit entry at 50% retracement, when I should close the limit order? Or I should let it open until it is hit? Or maybe when the price touches my target I should consider the trade finished without being opened.

      Thank you :)

      Reply
    44. Frederik

      Hi Nial
      I love the trick entry lesson makes 100% sense only thing i am not certain is how to determine a safe stop loss please help Nial.

      Thank you so much
      Kind regards
      Fred

      Reply
    45. Rafa

      Great article prof. Thanks a lot for this eye open trick.
      Blessings.

      Reply
    46. Alex

      Hello, Nial.
      Great article Nial, I’m really enjoying being part of this trading site. You’re a great mentor. With each of your article, I’m a successful professional trader.
      Thank you very much.

      Reply
    47. Eve

      Hey Nial, Ialready know for that trick. :)
      I prefer and focus only on ˝trick˝ entrys. R`s are at least 4, often much more. It is worth to be extremely patient, picky, disciplined, calm,…and emotional ok (cool) :)

      Reply
    48. Giwa saibu olajide

      Nial, I love this, you are a great mentor, keep it up.

      Reply
    49. Alfred

      You are simply awesome – GOD bless you for freely sharing your knowledge and imparting skill to us.
      ABM

      Reply
    50. kumar

      Hi Nial

      It’s GREAT GREAT GREAT. You always great.

      My HAPPY NEW YEAR best wishes to you & everyone.

      Reply
    51. Tantaswa Masebeni

      i like your straight-to-the-point-and-not-beating-about-the-bush approach in your P.A. lessons.

      Reply
    52. SARAH KISAKYE

      THIS HAS BEEN VERY INSIGHTFUL AND I LOOK FORWARD TO THE NEW YEAR WITH DETERMINATION BE A SNIPER AS PART OF MY STRATEGY

      Reply
    53. sentosazr

      the great strategi thanks

      Reply
    54. Muhammad Farooq

      Great lessons Thanks so much sir,

      Reply
    55. Robert

      Thanks Nial that’s brilliant

      Reply
    56. Anton

      A precious article, very lucky to be a member in LTTTM, I get a continuous learning forex from You Nial, You are a Great Forex Coach, Thankyou So Much

      Reply
    57. Anton

      A precious article, very lucky to be a member in LLTTM, I get a continuous learning forex from You Nial, You are a Great Forex Coach, Thankyou So Much

      Reply
    58. Marcena

      Happy Christmas, many thanks for as always an interesting article!

      Reply
    59. mario

      A masterpiece

      Reply
    60. hgh

      U are grate man

      Thanks a lot

      Reply
    61. Peter

      What’s even more wonderful is that you don’t have to guess a stop. Is calculatable with a high accuracy.

      Reply
    62. Eddie Galabuzi

      Hi Nial! Thanks for the lesson, it really is eye opening. I’m looking forward to implementing it to boost my trading.
      Eddie.

      Reply
    63. Chaminda

      Thanks for another insight into Forex trading, I even recently experienced losses by keeping normal stop placement just a few pips under pin bar low/high, If I would aware and placed trick entry method would have turned to nice profit, thus dramatically increasing my trading account…. Will be following and practicing this method when the PA allows in the future. Making consistent profit each month( some X times R). something which I see in your approach and also the one need to achieve………

      Let me wish YOU a merry X’mas and a very happy new year 2014 that realize all of your potential life goals.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      Reply
    64. Giggs

      Great tips….. Risk n reward with entry trick are powerful combination …..thanks sifu….

      Reply
    65. Romeo

      thanks Nial!!!

      Reply
    66. Isabel

      Excellent article. Thanks very much !

      Reply
    67. OLA LAW

      Nial you are great tutor in forex land. keep it up and God bless you

      Reply
    68. James Mboho

      Nail, this is a very educating article, a complete trading system on it own. Thanks

      Reply
    69. Jo

      Great! A real milestone. Thank you so much. Greetings from Germany! Best wishes for Christmas an the New Year!

      Reply
    70. joseph

      I always learn from your lessons.

      Reply
    71. Roger

      Thanks Nial! This idea of waiting for retracing at 50% level while setting the stoploss size as the pin bar signal is new to me. It certainly can help to avoid getting stopped out comparing just putting the stoploss at pinbar low.

      Will be implementing this!

      Roger

      Reply
    72. joseph

      I do gain a lot whenever I read your forex lessons.

      Reply
    73. Gye Bennetts

      Fantastic work, something I had been wondering about. I appreciate your thoughts and teaching, Gye

      Reply
    74. Ronald

      Hi Nial, great insight aricle you wrote here, it is well explained and useful, thanks so much.
      After all patience will be rewarded, that is the biggest lesson i’am learning when i read your aricles.

      Reply
    75. Ben

      Hi Nial,

      That’s neat.

      At first I didn’t get what you are saying so couldn’t see how you managed to stay in some of the trades using the same stop loss position. Only when I realised that you are saying to use the same number of pips between entry and stop such that both entry and stop levels move by the same amount did I understand it.

      Thanks for sharing.

      Reply
    76. Ugbobor John

      thanks sir I now understand more of price action trading signals through ur works and articles.

      Reply
    77. sez elabor

      Bravo!!! I dove my hat for you(nial) as always. As at today , Gbpusd formed an inside bar pin bar combo..I placed my entry exactly at 50% fib . The trade resulted to a 2R profit..I have back tested the trick entry ever since and it is exactly what a trader needs. You nailed it when you warned that trades will be missed. I love you nial as a mentor . You have taught me all I know in forex. I thank you
      Boss.

      Reply
    78. Robert

      Really great lesson, Nial. After reading your article I had a look at my trading journal. If I had known your ‘trick’ at the beginning of this year I would have turned two losses into 2R. That are 6R in total! That makes a great difference.

      Reply
    79. Tshepo

      I enjoyed the article Nial, thank you very much.
      But, I don’t get how you determine the stop loss that’s below the pin-bar.

      Reply
    80. Siyabonga

      Thanks Prof. for the great article.

      Reply
    81. Mahdi Hatami

      Hello Nial.
      This was most important lesson to me. I mostly lose money due to bad entry .

      Reply
    82. Leon

      Thank you coach

      Reply
    83. daveavies

      Niall, your blogs get better and better!

      Here’s wishing you a very happy Christmas and a great New Year

      Reply
    84. Sanusi sheriff

      You are indeed a great mentor

      Reply
    85. Kanz

      Thanks for this article. Quite an effort to write that much detail. May I add that this sort of pullback entry often comes after a signal was triggered during the asian session where liquidity is lower. Then we can entry set order at mid point of the signal during the European or US session.

      Reply
    86. chris

      Great Stuff Nial, Hunter’s precision … stops placed away from fakey swing low really makes sense especially when market makers are hunting for stops…

      Reply
    87. oren

      K. I .S .S . ……..

      thanks.

      Reply
    88. Boris

      As simple as that! You are the man! Thank you for this priceless lesson!

      Reply
    89. edge5

      Nial, can this article help me turn-around my trading results? It may :-)

      I am too often stopped out at a pinbar high/low.

      When I use limit orders to get in at the pinbar 50% retracement, often the market takes me on the way to my stop.

      Now based on your trick, I will backtest and then try this: limit entry at 50% retracement (or other logical level), and a wider stop (around like I would have if traded on pinbar close).

      Let’s see where this takes me :-) Thanks a lot.

      Reply
    90. Alex

      Nial, you’ve written many fantastic articles. This one by far resonates with me the most as it’s where I am currently at with my trading development.

      This was my AHHA moment when you spent a lot of time to explain this concept in detail at the Melbourne seminar.

      Many thanks and appreciation.

      Reply
    91. arin collins

      this article is an eye opener. Thanks Nial.

      Reply
    92. pius

      Thanks Nial

      I have had to manage my patience in waiting for the correct/right entry and I am slowly getting there. The one other Challenge I am getting is to determine when to come out of the market and when not to. Once again thanks very much for your dedication and guidance.

      Reply
    93. donald

      Hi Nial thanks for your article. My interpretation of what your saying is that the stop loss order needs to placed at a key level in the market that if violated by price would invalidate the market “direction” implied by the signal. By being patient and “timing” entry on a market to pull back you can still in effect achieve the same risk reward ratio as placing a market order and placing the stop below the price action formation. its all about the key levels. I like your use of the gap (technical level) in the USDJPY trade nice one.

      Reply
    94. c0de

      Great lessons! Thank you Nial.

      My entries are usually conservative (entry on break of PB high/low with SL placed a few pips under PB low/high).

      After this lesson I’m going to think about your “trick” and once I feel confident I may add it to may plan.

      Reply
    95. Luca

      you are like a crocodile, you are adaptable and your brain is is very high. nice

      Reply

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