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.

Midday Forex price action Analysis – 2017-01-19 (Setups on AUDJPY, NZDCAD, and GBPCAD)

In today’s analysis I take a last look at Monday’s successful NZD/USD short. I also find three other potential setups: AUDJPY, NZDCAD, and GBPCAD, all of them shorts. Check out the analysis video for a detailed breakdown.

Don’t forget to subscribe to the YouTube Channel so you can get notified as soon as the video goes live!

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Midday Forex price action Analysis – 2017-01-17 (Potential Setup on EUR/AUD)

We have a potential long set up today on EUR/AUD, price has been stalling on the 1.4150 support area for a few days now. With May’s speech now out of the way, we might seem some volatility returning to the Euro, creating a reversal on this pair.

NZD/USD is not showing a clearly defined set up at the moment. However, the pair is headed into the 0.7220 resistance area from which we may see indecision followed by a reversal. Continue Reading  »

How to Master Forex in 2017 in Five Steps (Live Webinar recording)

In this live webinar I give you a five step plan so that you can become a profitable trader in 2017. Getting started in the right place, with the right tools, and the right mindset will help to make 2017 a profitable trading year. See exactly how to do that in this webinar!

Do you want to become a profitable trader in 2017?
To be a great trader needs a lot of skills, you need to be cool under pressure, Continue Reading  »

Live Price Action Trade – NZD/USD Long 1:2 RR +87 pips

Do you want to trade Forex without indicators? Well, I’ll show you exactly how to do that! In this live price action trade video I enter a long reversal trade on the NZD/USD daily chart.

The great thing about trading daily charts is that they are low maintenance. This trade took me less than two hours to enter, manage, and exit successfully. While the trade was open for several days, I did not need to check in on it constantly. Continue Reading  »

Mid-day Forex price action Analysis – 2016-11-03 (Potential setups on EUR/JPY, CAD/JPY, and AUD/NZD)

EDIT (2016-11-04 15:11 GMT): I am unlikely to hold this trade through the weekend. I will likely close it out early depending on what happens throughout the rest of the day. I will keep you guys updated, I am not rushing to exit, but it is unlikely I will hold over the weekend.

In today’s analysis I spot three potential setups, the first on EUR/JPY is the strongest, and I have already set an entry. CAD/JPY and AUD/NZD are pretty much both a “maybe”, Continue Reading  »

Mid-day Forex price action Analysis – 2016-11-02 (Potential Setups on USD/JPY)

In today’s analysis I spot a potential USD/JPY long trade. I am waiting for the 6hr candle to close before deciding on an entry, target, and stop. However, right now it looks like sellers are regaining control, so the candle may not close as a tradeable setup.

In the analysis I also review yesterday’s successful AUD/JPY short trade. And I take a look at the still running EUR/USD trade from last week.

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Mid-day Forex price action Analysis – 2016-10-25 (Setup on EUR/USD)

In today’s analysis I spot two potential setups, a EUR/USD long, and a USD/CHF short. The USD/CHF potential short has already been cancelled as buyers were able to create a new high. The new high indicates buyers are in control of price, which effectively cancels any potential short setup.

EUR/USD is still looking good as it’s sitting on a eight month low and sellers are struggling to continue down. If buyers take control of price, I might enter long for a bullish reversal on this pair. Continue Reading  »

How to Demo Trade the Smart Way in Forex (So you can become consistently profitable)

In this video I will show you how to demo trade the smart way. Too many new traders demo the wrong way, wasting months of time without ever improving.

The goal of demo is to simulate live trading as close to reality as possible. Which means you need to simulate the three CORE skills of trading:

  • Mastering a trading strategy so you take the right trades at the right time.
  • Mastering money and risk management so you never blow your account.

Continue Reading  »

Midday Forex price action Analysis – 2016-09-28 (Setups on AUD/USD and GBP/JPY)

In today’s analysis, I spot two potential setups on GBP/JPY and EUR/CAD. I also spot what looks like an imminent setup on AUD/NZD.

After running thorough risk analysis on AUD/NZD, I have decided not to enter. One of my requirements for a short entry is for sellers to prove they have control of price. The current candle is suggesting indecision and not seller control. So I will wait and monitor this one until sellers prove they have control of price. Continue Reading  »

Midday Forex price action Analysis – 2016-09-27 (Setups on AUD/NZD, GBP/JPY, and EUR/CAD)

In today’s analysis I spot two potential set ups on GBP/JPY and EUR/CAD. I also spot what looks like an imminent set up on AUD/NZD.

After running thorough risk analysis on AUD/NZD, I have decided not to enter. One of my requirements for a short entry is for sellers to prove they have control of price. The current candle is suggesting indecision and not seller control. So I will wait and monitor this one until sellers prove they have control of price. Continue Reading  »

Midday Forex price action Analysis – 2016-09-21

Today is an interesting day, we have a few strong setups forming on GBP/USD, EUR/USD, and USD/CAD.

GBP/USD and EUR/USD are showing a very similar long reversal setup from support. However, if you have been checking your economic calendar you know that the FOMC is going to release the federal funds rate later today…

…This release is likely to cause a big move on USD pairs, which would effect this setup. So please trade with extreme caution. Continue Reading  »

Midday Forex price action Analysis – 2016-09-20

In today’s analysis I spot a few potential set ups, the best of which is a EUR/GBP short. Price is already showing signs of stalling on EUR/GBP at the 0.8640 resistance area. This area has held price back twice since the post-Brexit Euro surge, and it could do the same this week. I will be monitoring EUR/GBP on the 6h, 8h, 12h, and D1 charts.

The other setups I found are not as good, we have a weak set up on EUR/JPY, Continue Reading  »