Price Action Forex Trading Strategy By Nial Fuller (Tutorial) #forex #money #market

Price Action Forex Trading Strategy By Nial Fuller (Tutorial) #forex #money #market



Price Action Forex Trading Strategy By Nial Fuller (Tutorial)

Price Action Forex Trading Strategy By Nial Fuller (Tutorial)

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Watch More Price Action Trading Videos by Nial Fuller At – www.LearnToTradeTheMarket.com

Video Synopsis – GBPUSD 4 Hour Fakey Price Action Trade Signal With Trend

The price action fakey setup I traded in this video is a contrarian approach to trading the markets. While we are trading a contrarian setup we still want to trade the forex fakey in the direction of the dominant trend. Essentially we wait for a false break to occur and then trade back in the direction of the existing trend.

The reason the fakey is contrarian is because you are basically doing the opposite of what most other traders are doing. Instead of trading the obvious looking breakout as most amateurs do, when trading the fakey you wait for the breakout and then take a trade in the opposite direction but WITH the dominate higher time frame trend.

Once the trade begins to move in your favor you should look to trail your stop loss to lock in profit or move to break even depending on the price action situation.

We are using plain vanilla price charts in this video, no MACD or RSI or any other messy and unnecessary indicators.

New traders should only be trading with the prevailing trend, stick to time frames of 1 hour and above. The best setups occur on the 4 hour and daily charts.

The 4 hour fakey that I discuss in the above video occurred within the context of the previous days pin bar / inside bar combo setup, this added further validity to the 4 hour fakey.

I do not suggest exact stop placements or targets as these are very arbitrary and up to each individual, I provide traders with a guide for stops and targets, my main emphasis is on high-probability entries.

I do not recommend trading the news; let the price action guide you instead of trying to “out-think” the market.

This trade concluded with my position closing out for a 100+ pip profit after a favorable gap down the following Monday. I moved my stop to breakeven and let the market do the rest.



20 Comments
  • phillip gregory
    Posted at 05:13h, 12 October

    When you enter the trade you wait for the confirmation candle to take out the previous lower. Is this when you enter the trade or do you wait for the candle to close first ?

  • M Fakir
    Posted at 04:25h, 12 October

    Good  educational video.

  • Daren Dizon
    Posted at 04:10h, 12 October

    I really like clean charts and more importantly, Price Action…keep it up Nial!

  • Aman Arora
    Posted at 03:50h, 12 October

    Nice Job Nial, That's good work but I have my own way of defining price action without lines and without fibo. But You are good though.

  • Corbid Studio
    Posted at 03:36h, 12 October

    Thanks Nail… great video!!

  • Amitbir Bhalla
    Posted at 03:33h, 12 October

    great video thanks for published

  • Rafa Dering
    Posted at 03:09h, 12 October

    Excelent Job!!! Only one question pls…what is the best timeframe to trading?

  • Robby Elliott
    Posted at 02:30h, 12 October

    great

  • maxx astral
    Posted at 01:40h, 12 October

    Nice and highly accurate strategy explained here…. Thanks for sharing…

  • Ashfaq Sheikh
    Posted at 01:21h, 12 October

    Good video. One has to learn to patiently wait for the right set-up before committing to a trade. For this reason, many pros call trading 'boring'. However, everything goes out the window if the trader does not adhere to the discipline to always under-trade i.e have a small open position.

  • prince massi
    Posted at 00:59h, 12 October

    plz tel Time frame for intraday ???

  • Lincoln C Mitchell
    Posted at 00:54h, 12 October

    good video

  • Eesaanan Batra
    Posted at 00:07h, 12 October

    hello

  • Philippe Bouchard
    Posted at 23:31h, 11 October

    Nial course is the BEST of all. I do not waste my time with other strategy or course.Its not a FAKEY.thats its.

  • Andy Paolo
    Posted at 22:38h, 11 October

    Great presentation

  • Трофим Геворгян
    Posted at 22:19h, 11 October

    Great, thanks for sharing

  • Sabinro
    Posted at 22:08h, 11 October

    Nice one. This is a swing trade 🤣

  • gr garry
    Posted at 22:01h, 11 October

    Fantastic bro

  • krishnazee061
    Posted at 21:58h, 11 October

    vry kool presentation,

  • AhmedShishKebab
    Posted at 21:43h, 11 October

    beautiful

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