• Nial Fuller

    NIAL FULLER Nial Fuller
    Professional Trader, Author & Coach

    Live Trade – Pin Bar Forex Trading Strategy

    Below Is a Video of a Daily Chart Pin Bar Signal On AUDUSD Currency Pair. This Is a Trade I Posted Live on 16/1/2012. I Wanted To Share With You All How I Do My Analysis and What I look for on the charts before entering a trade. Please do not use this as trading advice and make your own decisions before entering any trades.

    Here is The Risk Reward Trading Tutorial I Talked About In the Video

    Video Synopsis – AUDUSD Daily Chart Pin Bar Reversal Setup

    In the above video, I talked about a bullish reversal setup, trading with the trend, plotting levels and trading in a "swinging market".

    I am looking at the daily chart time frame in the above video and we are looking at the last few months of price data in the AUDUSD. I draw in the key support and resistance levels on the chart first. Then it's determined we have a sideways market overall with a short-term bullish trend.

    In the above video, I entered a long trade (buy entry) based purely on the market's price action. As I say in the video; there's never going to be the exact same setup twice, but what we are looking for a is a trading "edge", this is a repetitive price action setup that we can use to enter the market from. In this video, I am talking a bullish pin bar setup that formed in the AUDUSD that signaled that lower prices were being rejected and that price wants to move higher. A tail on a bullish pin bar signals bullish momentum whereas a tail on a bearish pin bar signals bearish momentum.

    In the pin bar in this video I talk about the 50% retrace entry, this is a pin bar entry strategy I discuss in my courses and members area. I talk about placing my stop loss just below the pin bar low which is the typical stop loss placement on a pin bar setup. After defining your stop loss level you need to find a logical target area to place your exit target. I typically look for a risk reward of 1:2 or greater, depending on the surrounding market structure.

    I close the video by talking about the fact you will have losing trades sometimes, and I have them sometimes and I do talk about them as you'll see in my commentary...I'm not afraid to talk about losing trades. But, hopefully if you have a solid edge like price action, you can put the odds in your favor over the long-run and make money.

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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. Mahlomola

      Thank you very much this is making forex trading interesting now as I am still learning

      Reply
    2. James

      Great video. I especially enjoyed the idea of all the investment banks and hedge funds and pension fund traders all sat around the world, staring at the same charts and analyzing price action. Its good to get in syn with the smart money. Thank you Nial.

      Reply
    3. Mahmudul Hasan

      love u boss….

      Reply
    4. rajesh vishwakarma

      Good video..very simple and effective

      Reply
    5. Nam

      Good trade

      Reply
      • Hafeez Rasheed

        Hi Nial Fuller

        Greeting from me and my family thanks you gave us very good strategy which name is Pin bar strategy this is very interesting and accurate strategy may you live long

        Reply
    6. hiệp

      thank!

      Reply
    7. ashok

      nice to help others, thank you.

      Reply
    8. Paul Jiya

      Thanks a lot for your effort to teaching newbies like me. However, the video was breaking and not clear.

      Reply
    9. pritam

      nice1

      Reply
    10. pritam

      nice

      Reply
    11. haiwatigere

      yeah gone back to see what happenned – gotta say you put youself out there but you were spot on and that 1.075 was reached with change to spare
      Thank you sir -you good

      Reply
    12. waterman

      i have never seen before such a simplistic approach to forex trading like this.Nial ,only a genius can do this way.Congrats

      Reply
    13. cris

      no sound on this video,too bad !
      c

      Reply
    14. Jehsan

      Just new to Forex. We will get along as time goes on.

      Reply
    15. oduor sadia

      great Nial long live Nial Fuller.

      Reply
    16. Dick

      It became a very nice trade Nial, i just checked it but what i saw was that my candlechart was a bit different as your chart on the video . Can you explain how this is possible?
      Hope to hear a reaction Nial.
      Regards Dick.

      Reply
    17. RC

      I actually saw that video on the day he posted and I made US$ 800.00. It was sweet!!! Nial is the best trading course in the market, in my opinion!

      Reply
    18. Yaniu

      Hey Nial,

      WOW!

      After over a month from when you uploaded this video, watching this again and taking a look back at the AUD/USD price action, I’m just blown away!

      Not only did this trade end in profit, but you were spot on as price took about 14 days to reach the 1.0750 level!

      Also along the way there were many Pin Bar setups that ended up winners!

      This is the best and only place for Price Action Forex.

      Keep up the great great work. Respect!

      Yaniu

      Reply
    19. Ratheesh

      Hello Nial,
      I am really excited by your strategy, hope I will be in your members group very soon.

      Reply
    20. Dane Middleton

      I love your videos, I watch them over and over. Thanks for being a real human, showing all angles of the game – much respect

      Reply
    21. Danny

      This was a great trade with several price action setups along the way to enter. I entered Once again on a 50% pullback of the most recent pin and took a profit of 1:3. At the time of this video being posted I already was up 1:2 on a previous trade but have just closed out for a 1:3. A nice little addition to my trading account. Great video.

      Reply
    22. Michał

      very good trade :)

      Reply
    23. Lionell Dixon

      And he does it again! Thanks for another great one Nial!!!!

      Reply
    24. golam minhaz

      thanks a lot for this nice video.

      this method makes me happy .

      again thanks.

      Reply
    25. Piotr

      Hi Nial,

      thanks for the great video!It’s very difficult to keep things simple while trading and every time I watch any of your videos I m trying to look at charts the same as you master!Nice and simple!

      BR

      Piotr

      Reply
    26. Steffen

      Great video Nial. I love the comment that went something like “some credit downgrades happened in EZ over the weekend, I don’t really care…”.

      You are absolutely right not to care. I’ve only lately noticed how pointless it is to follow news because it only mixes your thoughts. Sure they might have an effect on the market but usually the daily price action itself is dominant.

      I missed out on this trade because of my too bearish bias. Maybe next time. Good luck

      Reply
    27. Barry

      Good Call, Nail, see as of Today (Thursday) you up 160 pips,
      Take care

      Reply
    28. ELAINE

      Hi Nial, i’m really in love with your website, they are so informative!

      Reply
    29. george

      Awesome Nial
      Well through on the course now that I have more time.

      Reply
    30. Lisa Wuornos

      Good stuff, Nial!! I was watching this one as well. It just confirms that what I’ve learned from you has stuck and I know how to spot trading opportunities. Thank you for your website!

      Reply
    31. akshaya kumar dash

      very excellent and usefull coment

      Reply
    32. Fayaz

      Wow simply a wining trade target got hit today

      Reply
    33. Peter

      Great job Nial! This one was a sure winner. I absolutely love your advise from a previous newsletter that said that you have to be patient and shoot like a sniper. That’s gold!

      Thx again.

      Reply
    34. Jasper

      And it turned out a winner already, nice. I took the NZDUSD yesterday. Same scenario :-) Thanks for everything.

      Reply
    35. Drazik

      Just Hit my 1:2 profit target… Good to watch to see if it pulls back to form support then moves higher… nice trade.

      Reply
    36. Nick

      Hi Nial

      Looked at your video, just wondered why you waited as long as you did before entering your trade?

      Couldn’t you have just entered the day after the pin-bar,at its high, and stop loss half-way down its tail?

      Regards

      Nick

      Reply
    37. Martin

      Very good video, makes even more sense having gone through the course a couple of times. Thanks

      Reply
    38. kotijett

      Thanks Nial.

      Reply
    39. Ramli ms

      Thanks Nail.

      Cheers

      Reply
    40. Drazik

      Im also in this trade and I am up at the moment and looking for a 1:2 or 1:3 risk reward. Great to see you put up this video Nial. It would be great to see more of the trades you take.

      Reply
    41. Andrew D

      Hi Nial,
      Just received your email and video; checked my trading diary and found that we must be telepathic. Let’s wait and see what happens!
      I was in this pair long all last week with great success.
      Thanks for the inspiration to keep trading even when the losers come like buses.
      Andrew D

      Reply
    42. Greg

      It looks like I am too conservative, because I did not take this trade waiting until it breaks 1,038 level then retrace to it confirming that 1.038 became the new support. This looked too risky to me in these volatile times.

      Reply
    43. Ed

      Thanks for this insight to your trading Nial. Great content.

      Reply
    44. Michael

      GREAT Video.
      Current market analysis and reasoning for taking a trade is VERY Helpfull! The best way to learn is looking over your mentor’s shoulder to see how they do it!!
      THANK YOU

      Reply
    45. claudio del valle

      gracias por tus comentarios y vídeos son muy importantes y necesarios para nuestro aprendizaje

      Reply
    46. T Allen

      LUV the Video Nial – Great example – Keep the videos coming … it is great to hear your voice and see you walk through an entry on the charts.

      Reply
    47. GioRoma

      I really love the simplicity (and effectiveness) of price action and your analysis is just superb!!! Thanks.

      Reply
    48. BB

      i like the psychology in this approach.Appr
      oaching forex from a psychological point of view is somehow more
      comprehensible to me, as opposed to placing faith in technical indicators. The closer your interpretation
      is to the beating heart of price action, the clearer
      the analysis seems to become.

      Reply
    49. Robby

      Good call Nial. I do think daily chart traders will be watching the close of this candle also….if this candle closes above the open price of the previous candle this will be an engulfing on the bodies .

      Reply
    50. sniper jeff

      Like it.its great to get your mindset on some trades it helps us novices. it looks like a flat top triangle indicating a break to the upside and trend is up lets hope it smashes that resistance! I went for a similar trade on nzd/usd

      Reply
    51. Marcena

      Many thanks for a great video!

      Reply
    52. PERI

      Thank you very much for your video presentation.
      We are on the path of improving our trading wisdom
      by following your Course.
      Regards.

      Reply
    53. Shane

      Another nice video.
      Thanks Nial!

      Reply
    54. radiostar

      Excellent video, Nial. Very helpful. More of the same please. BTW, you might consider dropping the background music, it’s quite distracting. Just a bit of constructive criticism, hope it helps.

      Reply
    55. Michael

      Thanks for the nice and clean charts – well explained. I hope for you that your trade works out well. I see major resistance at the US indices ( Daily ) and therefore in AUDUSD and NZDUSD I currently see the opposite, lol. Big Boys are absorbing all buy orders and preparing for a drop. But this might be wrong of course. My sincere wishes for your further success in 2012.

      Reply
    56. George

      Well done Nial, like some of the comments you made about daily charts how accurate they are, hope the trade turns out well.
      Thanks

      Reply
    57. Fred

      Great bit of training on how to do the analysis.

      Thanks

      Reply
    58. David Amos

      It’s been a while since you put any videos out Nial, I like this one, actually did not take this trade because of the near upside resistance, looks like I am becoming too cautious now!!!

      Reply
    59. Monica

      Thanks so much for that set up……it helps me learn exactly what to look out for. Could you pls update us if you think the trade may go against your trade and what bars/support/resistance to support that? ie warning signals that it MAY go against? I love your easy methodology!!
      Thanks!

      Reply
    60. Terry

      Thanks for the video lesson. I have been following you for a while now, and I am seeing the logic in plain and simple Price Action. Thanks again!

      Reply
    61. Johan

      Great lesson,nothing like a hands on “teacher”. Looking at my chart and your lesson at the same time really helped seeing the setup better.Hope it works out.

      Reply
    62. DRS

      Nial is right – pin bars are very effective price action signals, however, sometimes not spotting a Harami can be a missed opportunity – And you see more of these than pin bars.(really need confirmation for Harami – I think so anyway).

      Just saying.

      Reply
    63. Ross

      Hi Nial,

      Im waiting for the US Index to sort out what side of the current S/R line it wants be on before i trade AU.

      If you look at a 10 day – 1H chart you will see how it is currently playing out.

      cheers
      Ross

      Reply
    64. Sanjay

      Loads of respect for this. You practise what you preach and that what I love about ltttm.

      Good luck will the trade.

      Sanjay

      Reply
    65. Socratis

      Yeah….. show to those guys out there, saying you have no balls, that they are wrong!!! ;)

      Reply
    66. Tim_

      Excellent Nial, that’s was exactly what the course has taught me, I live for the simplicity of it

      Reply
    67. Charles

      cool video Nial! More evidence that you put your money where your mouth is.

      Reply
    68. Filopastry

      Great to see a video again,
      I have taken the buy nzdusd see how it goes

      Reply
    69. Con Kats

      Nail, good work and I really respect you putting your reputation on the line with a live trade. I hope it turns out well but either way , well done .

      Reply
    70. skeg

      another awesome video Nial.
      Lets see some of those losing one’s then ;)
      serious good video, love to see these

      Reply
    71. Jared

      Hey Nial,

      I’m very impressed that you’ve put this video up PRIOR to knowing the outcome of the trade. I hope it goes well for you!

      Reply

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