Nick B's Forex Blog
Learn from Nick B's Forex trading blog, so you can use Price Action to make pips on any currency pair consistently too.
UPDATE: Closing out EUR/USD and GBP/AUD both with small but insignificant gains. Price has been annoying this week, I saw no PUSH from buyers or sellers, I only saw small movements up and down. While I am happy I ended the week with a little profit, I am unhappy with this weeks moves.
And also, closing out my trades means I can get my weekend started, get a few beers, sit in my garden, put on the barbecue, Continue Reading »
In today’s analysis I only spot one potential setup, a EUR/USD long which is a long time away from forming, and an even longer time away from triggering. So all in all it is a pretty slow day today…
…But I do not like to put out boring videos, so today’s analysis session turned into a chat about price action techniques, especially for managing open trades. So you should find this video interesting and informative. Continue Reading »
In today’s analysis I spot a potential setups on NZD/CAD and EUR/GBP. The NZD/CAD short setup is looking quite good, I will likely enter at the 0.9439 level. The EUR/GBP setup does not look as strong, but it is still worth considering. Continue Reading »
In today’s analysis I spot a potential setups on USD/CAD. And I also breakdown the two successful AUD/USD and EUR/AUD trades I shared in yesterdays analysis. Continue Reading »
In today’s analysis I spot four potential trade setups on AUD/USD, EUR/USD, USD/CHF, and EUR/AUD.
The AUD/USD long setup looks particularly good. I may take this long on the 6hr, however, it is also looking good on the 12hr, I will wait and see how this one plays out before making a decision. The EUR/USD setup also looks good, even with the larger upper wick of the preceding candle.
The USD/CHF long setup is not the best looking reversal setup, Continue Reading »
In today’s analysis I spot three potential trade setups, one on AUD/NZD, one on NZD/USD, and another on EUR/GBP. But, there is some good news and some bad news about these setups.
The bad news
Right after the analysis, the USD CPI news was released, causing a spike down on AUD/NZD and NZD/USD. This means the AUD/NZD and NZD/USD setups are not as strong as they looked earlier, however, they still have potential.
The good news
When I first looked at GBP/JPY in the analysis it did not look that great. Continue Reading »
In today’s analysis I spot a potential short daily chart trade forming on EUR/GBP. I also explain why a EUR/AUD long is risky. Continue Reading »
I just got back from holiday yesterday, and it looks like I missed a lot of awesome trades. Ah well, the holiday was great at least!
Since I am back, I am starting the daily analysis again. But it looks like today is a bit of a slow day…
…But I don’t like putting up boring videos, so in today’s analysis video I show you a break down some recent trades, and explain why they were strong setups. Continue Reading »
Today’s live analysis is a little boring, there were a lot of trades spotted, but sadly they all triggered a few hours ago. If I had of done the analysis six hours ago, it would have been more interesting…
… Ah well, that is trading, you do not always get the setups when you want them.
In the analysis video I discuss yesterdays USD/CHF trade, and we also do some live trade analysis on a Forex Mastermind members open trade. Continue Reading »
In today’s analysis I spot a potential USD/CHF short trade. The potential setup is a long way from completion, and it might not even turn into an actual trade. Other than that, there is not much forming right now. However, it is only midday, I will be checking my charts again in 4 hours to see if anything new has formed. For now, check out the USD/CHF setup in the video, and also a breakdown of yesterdays successful USD/JPY trade. Continue Reading »
In today’s analysis I spot a potential USD/JPY long trade, with an entry around the 104.53 area. I was hoping for a few more setups, but it seems to be a quiet Tuesday.
Save your seat for my upcoming live training session
On Saturday the 30th of July at 4:00pm UK time I will be holding a live training session. In this session I will be teaching you my advanced support and resistance techniques. How to find them, Continue Reading »
I am going to make this post quick as I have a busy day ahead. In today’s analysis I spot two potential daily/12 hour chart setups, one on EUR/USD, and the other on NZD/USD. Both of these setups are potential longs forming on strong support. Keep in mind that these candles have over 10 hours until they close, so by the time they close, these setups may not exist anymore. A potential setup does not equal an actual trade. Continue Reading »
Today looks like another exciting day for price action trading. We have four setups forming on USD/CAD, AUD/JPY, EUR/JPY, and USD/JPY. The USD/CAD one almost triggered during the recording of this analysis, it has pulled back a little now, but this setup could trigger VERY soon, so watch the analysis quickly and check out USD/CAD.
The AUD/JPY short looks to be the best of the JPY pair setups I posted. I will be monitoring the JPY trades very closely over the coming hours. Continue Reading »
UPDATE 2: AUD/USD is forming a very strong short setup on the 6hr chart. This is not a set in stone trade setup, the candle has yet to close, so anything could happen.
UPDATE 1: As sometimes happens, unexpected new out of Japan has had an impact on the JPY and the USD, so three of these setups are canceled before they could trigger. One setup is still looking strong though, and that is AUD/NZD. Continue Reading »
Will I continue trading through Brexit?
The way Brexit has gone will likely continue to impact the Forex market for months. From what David Cameron has said, he has no intention of triggering article 50, and he has passed the burden on to the next prime minister. This means we are unlikely to see a resolution to Brexit for another 3-6 months.
So what should I do? Give up trading for the rest of this year? Continue Reading »
Do you struggle knowing when to enter a trade?
Well then you already know that finding a great trade setup is not enough. After you find the trade, you need to figure out where to enter. And that can be tough…
…If you enter the trade too early, you might be jumping into a false move. If you enter the trade too late, you miss out on a lot of pips.
Here is an example:
Me and Bob want to enter short on EUR/USD, Continue Reading »
Sorry, but today’s price action analysis is a little rushed as I am busy tonight, so I will make this short…
…We have a great looking trade setup forming on EUR/USD and an average setup forming on NZD/USD. Two of yesterdays setups triggered, EUR/JPY short and USD/CAD short. I entered EUR/JPY but it is not going as well as I would have liked, I am not closing out though.
For detailed info on these setups and yesterday trade, Continue Reading »
In today’s price action analysis I spot four potential trade setups. Out of the four setups, EUR/JPY looks to be the strongest. Price is stalling heavily on the 124.50 resistance area, and it looks like a short trade is forming. At the time of writing this, there is still a few hours until candle close. However, if it closes similar to what it looks like now, I will probably take this trade.
We also have a setup forming on AUD/JPY, Continue Reading »
In today’s price action analysis I spot two potential setups on GBP/USD and USD/JPY. It is too early to plan an entry, stop, or target on either of these pairs. However, I will be monitoring each of these pairs closely for the rest of the day.
How to Trade My Strategy
For the most detailed breakdown of my free strategy, and for a very through explanation of price action, check out my free Three Day Blitz webinar series. Continue Reading »
After the recent three day price action blitz webinars I held, forex4noobs has blown up. This has brought countless new traders to the site, and I have received a lot of emails from struggling traders asking for advice. Which makes me wonder, how many of you guys out there are also struggling?
Well, I want to help.
So, I want you to do one thing for me… Answer the question below.
What are you struggling with most in your trading that is stopping you from being profitable? Continue Reading »