Learn from Nick B's Forex trading blog, so you can use Price Action to make pips on any currency pair consistently too.
In this post I am going to show you the best pair to trade, with my strategy, for the next several weeks. Best Forex Pair This Month At the moment the best pair to trade is GBP/USD. In the last three weeks me and the advanced course students have take a lot of great trades on GBP/USD. Why is GBP/USD so good? GBP/USD is currently very sensitive to strong support and resistance, which is giving
We have had another great week with eight hour charts in Forex. If you have not heard about eight hour charts yet check out these recent posts. EUR/JPY 8 Hour Chart Trades Forex Eight hour Chart Challenge Eight Hour Chart Forex Challenge Off to a Good Start Eight Hour Chart Support & Resistance Areas If you want me to do a webinar on eight hour charts and other large time frames please leave a comment
Yesterday I showed you an eight hour chart trade taken earlier this week. In that post I promised I would share my support and resistance areas with you today……. Placing Support & Resistance Challenge Before I share my support and resistance with you I want to give you another challenge. Instead of simply copying my support and resistance areas I want you to place your own! Learning to place support and resistance on a chart
Last week I posted a Forex eight hour chart trading challenge for you to take part in. As part of the challenge I recommended trading four pairs, EUR/USD, GBP/USD, AUD/USD and EUR/JPY and looking for 1-3 trades per week. Two days into the challenge and we already have a successful trade. Yesterday we saw a great long reversal setup on the GBP/USD 8 hour chart. The setup evolved into a 55+ pip trade. The horizontal
How many times have you scared yourself out of a great trade? You enter a trade, and a little negative voice in your head starts nagging. “Is this really a good trade?” “What if I made a mistake?” “Oh no, it is heading in the wrong direction!” Before you know it you bail out of the trade, only to find it would have been profitable had you stuck to your original plan. In this article,
In a recent post I asked if you wanted some tips on trading eight hour charts in Forex. The response was astonishing. The post received over 100 comments from readers wanting to learn eight hour charts. In this post I am going to set a one month challenge with the goal of making you a more efficent trader. How I Started Trading Eight Hour Charts Traditionally mid-range timeframe Forex charts have been limited to four
I have written a lot about eight hour charts recently as they are now my favorite time frame. Unfortunately, most people cannot access 8 hour charts. There is an MT4 indicator that can create the charts, but it is buggy. MetaTrader 5 comes with 8 hour charts by default, but many brokers do not support it. Most advanced course users are now using MT5 to trade or for charting. This week I took two straight
Figuring out the best pair to trade is not as easy as you may think. Forex pairs tend to alternate between active and inactive throughout the year. In this post I am going to show you the best pair to trade for the next several weeks. Best Forex Pair This Month At the moment one of the best pairs to trade is AUD/USD. In the last two weeks me and the advanced course students have
In this analysis I will my current support and resistance areas for EUR/USD. I use these areas to trade reversals using my free Forex strategy. If you want to see all my trades, follow me on twitter. Follow @forex4noobs
In this analysis I will share where I plan on entering reversals this week. We manged to catch a great short reversal worth 90 pips based on last weeks EUR/USD analysis. In the video I go through last weeks trades and I show you some possible entry points for reversals this week. If you want to see all my trades, follow me on twitter. Follow @forex4noobs
