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.
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 »
**I bit off more than I could chew here. Forex4noobs has grown so much in the last year that the response to this post has surprised me. I will keep my promise to read and reply to everyone… but please be patient, this will take a while!
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. Continue Reading »
In today’s Price Action analysis I spot several trade setups on EUR/USD, GBP/USD, AUD/USD, and USD/CAD. Sadly, by the time I was ready to post the analysis, the trade setups were already canceled as price continued to move with the trend. I thought it was worth posting this analysis anyway…
…Because this is just a reality of trading. Sometimes you do your analysis, you see great setups, you get excited, then BAM, price keeps moving and its all over. Continue Reading »
Today we have a potential short forming on the EUR/JPY 12hr chart. We still have over 6 hours until the 12hr candle closes, so this setup is not set in stone. In today’s Price Action analysis, I breakdown the potential EUR/JPY short, and explain how I might trade it.
I also talk a little about losing streaks, how long is a normal losing streak? Should you freak out if you lose four trades in a row? Continue Reading »
Sorry guys, I know it has been a few weeks since I have done my analysis. I have been very busy lately, between the three day webinar series, and managing the advanced course forum, I find it hard to make several videos each week…
… But hopefully today’s analysis makes up for the last few weeks, because today we have two potential setups!
Want to know how to put this price action analysis to use?
If you’re a price action newbie, Continue Reading »
The Three Day Price Action Blitz is complete, and it has been the best year ever!
Wow, it was a fun three days for me, and while there were some stressful points, I really enjoyed hosting the webinars and sharing my Price Action techniques.
Before linking you to the recordings I want to make two very important announcements…
… The first is about trading psychology. I believe trading psychology is one of the hardest things for a Forex trader to master. Continue Reading »
In today’s price action analysis I take a quick look through all of the pairs I trade. Sadly, there isn’t much happening that I would want to trade…
Free Forex Webinars Coming Up
Do you want to know more about how I trade?
Starting on March 1st 2016, at 18:00 GMT, I will be hold a series of free webinars. In the webinars I will take you through some of my advanced price action techniques. The webinars will be split up over three days, Continue Reading »
In today’s price action analysis I review the EUR/USD short I spotted in yesterdays analysis. The trade worked out quite well, it hit it’s 1:2 risk/reward ratio for me.
Did you take the trade? If you did, respond below and let me know how it went for you.
Today there are three potential trades forming. USD/JPY is sitting on the 114.00 support area, if indecision forms near that level on the the 12 hour or daily chart, Continue Reading »
In today’s price action analysis I spot a few potential trade setups. The best looking of all three setups is the EUR/USD short setup. This setup could trigger soon so checkout the analysis and see if the trade fits into your trading plan.
Forex Webinar Coming Up
In the Three Day Price Action Blitz I will take you through some of my advanced price action techniques. The webinars will be split up over three days, and I will cover several subjects on each of those days. Continue Reading »
Looks like it could be an exciting day for price action trading. We have a strong potential for reversals to form on GBP/USD, EUR/USD, NZD/USD, and USD/JPY. All of these pairs are either on a support and resistance area, or very close to meeting one.
NZD/USD and USD/JPY in particular look primed for reversal trades for form.
Does this mean we will see reversals? No, definitely not. However, these are definitely pairs you want to be monitoring today. Continue Reading »
Price action trading is not always fun and exciting. Early in the week things can be slow as it usually takes a few days for good setups to form. This means that Tuesday can be one of the quietest days of the week for me, and this Tuesday is no exception. But, I have always tried my best to show the realistic side of trading, so below is some realistic analysis.
There are only a few interesting things happening. Continue Reading »
You can’t win them all!
Late Tuesday night I spotted a potential setup forming on GBP/JPY. The setup did not look amazing, but it had a lot of points in its favour. So, I stayed up until 3:00 am my time to take the trade, I do not normally stay up late for trades, but I felt like taking this one. That is where the video below starts. I entered short on GBP/JPY at 169.57, with a target at 167.15, Continue Reading »
In today’s analysis I go through several pairs looking for price action setups. Sadly, there isn’t much going on today, so my analysis is a little boring. I have posted my analysis video anyway. This way you can see my simple process for filtering through my charts and looking for setups.
Last weeks live price action trade
Now for something a little more interesting. In case you missed it, last Friday I shared a live trade video, Continue Reading »
Did you catch the AUD/USD price action reversal trade I shared this week?
On Wednesdays analysis I spotted two possible reversal trades, one on AUD/USD, and the other on USD/CAD. The USD/CAD trade was forming on a questionable resistance area, so I skipped it…
… Instead, I focused on the AUD/USD trade, and it worked out very well. And this time, I did something I haven’t done in a long time, I recorded the entire trade! Continue Reading »
In today’s analysis I point out a potential long trade setup forming on the AUD/USD 8hr chart. I also point out a potential short trade forming on the USD/CAD 6hr.
Both trades setups look great, but the USD/CAD setup is forming on the 1.4630 resistance area, which makes the trade risky. In the analysis video I explain why trading from the 1.4630 area would be risky.
The AUD/USD long trade setup looks much better, it is forming on the 0.6850 support area, Continue Reading »
Hey guys, I am back for my first Forex analysis of the year. Sadly there isn’t too much going on today, so the analysis is somewhat dull. In the analysis I go through each pair I trade, and I analyse every time frame for price action set ups. I also discuss a few simple price action concepts, so if you’re new to price action, you may learn something from the video.
How to use this price action analysis
If you are new to price action trading, Continue Reading »
USD/CHF is heading towards a major resistance area at 1.0200. The 1.0200 is also five year high from which price plummeted in January 2015, after the SNB decision which rocked the markets. If price hits the 1.0200, I see strong potential for a short reversal.
Another pair to watch out for is EUR/GBP, which is sitting on a strong support area. Other than that, there isn’t much in the way of price action set ups this Tuesday. Continue Reading »
GBP/JPY is stuck on the 187.10 resistance area. The price action at the 187.10 level is showing a potential short set up, on the daily chart. USD/JPY might also have a set up forming on the daily chart. For more information check out the price action analysis below.
How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy.
You can also browse through the countless hours of price action webinar recordings here. Continue Reading »