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.

Twitter Time – I will be posting to Twitter, add me!

I’m going to start tweeting
I am not much of a social networking guy. I check my Facebook once per month, I rarely tweet aside from auto-tweets sent when I make a blog post. I never really got the point of social networking phenomenon…

… But, I had to catch up with the times. It’s not like social networking is going away.

I mean, Twitter is really popular among traders, and Facebook is popular with what, Continue Reading  »

Forex price action analysis – June 16th 2015

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.

Key Support & Resistance Areas This Week
EUR/USD: I am not trading Euro pairs this week. There is too much drama with Greece at the moment. I do not like trading with unexpected, high impact news, Continue Reading  »

Forex price action analysis – June 10th 2015

How to use this price action analysis
The levels below are support and resistance area, I use these areas to trade reversals, if the appropriate set up forms. If you are new to price action trading, and to my strategy, you should check out my guide to my free price action strategy.

Key Support & Resistance Areas This Week
EUR/USD: I am not trading EUR pairs at the moment. Me and other forum members have been burnt several times in the last fortnight. Continue Reading  »

Trading my Price Action strategy on past data webinar

Watch me trade my strategy on GBP/USD
Yesterday I held one of the most enjoyable webinars I have ever done. For the first time in a long time, I was nervous trading…

… I was trading my strategy live, in front of several hundred people.

I was trading on past data, but it was forward trading, and it was very nerve wracking. I trade alone every week, and I am never nervous, it is just routine; Continue Reading  »

Forex price action analysis – May 27th 2015

Before I start with today’s analysis, I wanted to remind you about tomorrows webinar.

You can register for the webinar here.

How to use this analysis
Unless you have used my price action strategy before, you should not use these support and resistance areas. If you want to know more about how I trade, check out my free price action strategy.

So, let’s get started with today’s analysis.

Key Support & Continue Reading  »

Forex price action analysis – May 19th 2015

It has been a little while since I shared my analysis. The last few weeks have been busy, I was away on holiday in Belgium for a while, and I did not get a chance to post analysis. I am back now, and I won’t be on holiday again for a few months.

Before I start with today’s analysis, I want to make an important announcement…

… On Thursday the 28th of May, I will be holding a free one hour long webinar. Continue Reading  »

Forex price action analysis – April 21st 2015

I took a bit of a break again last week, this time it was for my birthday. April tends to be a busy month for me so I do not get much trading done. However, I am back for two weeks before I set off to Belgium in early May.

So, let’s dig in to this weeks analysis and see what has changed.

Key Support & Resistance Areas This Week
GBP/AUD: GBP/AUD just keeps on giving us great trades. Continue Reading  »

Forex price action analysis – April 8th 2015

I hope you all enjoyed your Easter break. This year, I decided to extend my Easter holiday by a day; so, I’m only getting back to trading today.

Honestly, I haven’t really looked at the charts much this week, so I’m not sure if there’s been any trades yet. A few people in the forum entered a GBP/USD trade on Monday, however, things have been pretty quiet since. This is normal though, my strategy doesn’t give us many trades until Wednesday and Thursday. Continue Reading  »

Forex price action analysis – April 1st 2015

We have had a mixed week so far, some good trades, some bad trades, but nothing terribly exciting. However, the week is still young, things don’t often take off until Wednesday and Thursday with my strategy.

So, should we be gearing up for an awesome Thursday? Probably not…

… This Thursday might be boring as it is NFP (Non-Farm Employment Change) week, price action can be sluggish on NFP week.

Support and Resistance Areas
To make use of the analysis below, Continue Reading  »

Forex price action analysis – March 22nd 2015

I have had a busy few weeks with the recent webinar on support and resistance. Now that things have quieted down I can get back to doing the weekly analysis. First, let me explain how this analysis works.

Support and Resistance Areas
I use my own support and resistance areas along with some very specific candle patterns to take awesome reversal trade…

… I explain my strategy in detail in the Forex price action strategy section. Continue Reading  »

Forex Price Action – How to Place Support & Resistance Areas

Placing support & resistance areas using price action
Last week I held a webinar on placing support and resistance areas in Forex. As usual with my webinars, it was not flashy or scripted. I just opened my charts and talked about price action.

Overall the webinar went well and I was able to place support and resistance areas on four pairs. I was able to share a lot of good tips.

However, many people in this webinar were asking off-topic questions, Continue Reading  »

This is why I love trading GBP/AUD so much….

For the last few weeks I have been featuring GBP/AUD in my Forex price action analysis. Why am I featuring such an obscure pair?

… Because it constantly gives me easy and profitable reversal trades.

This weeks GBP/AUD price action reversals
Over the course of two days we got two very similar reversal setups at the 1.9775 resistance area on GBP/AUD. The setups are highlighted in yellow below.

So, how did these trades work out? Continue Reading  »

Forex price action analysis – February 25th 2015

First off, I want to say a quick sorry for not answering last week’s questions in the comments’ section and for not posting about the webinar. I ended up being really busy last week so I was not able to post.

The webinar I originally planned for Monday, March 2nd will be on Thursday, March 5th. I will post details about the webinar tomorrow.

So, let’s get started with today’s analysis. Again I will be concentrating on GBP/AUD as it is my favorite and most consistent pair at the moment. Continue Reading  »

Forex price action analysis – February 18th 2015

As this week started with a US bank holiday I decided not to trade until Tuesday. When Tuesday came along things were quiet apart from a small EUR/USD setup so I decided to skip trading until today…

…So, let’s kick of this rather short trading week with some analysis.

GBP/AUD Analysis
We already had a reversal trade from GBP/AUD this week. However, the trade was helped along by news, so I did not trade it. It is always a tough call to avoid an awesome setup due to news. Continue Reading  »

Forex price action analysis – February 9th 2015

Over the last year GBP/AUD has become one of my favourite pairs to trade. GBP/AUD is very consistent and as it is a fast moving pair the trades are usually worth a lot of pips.

So in this analysis and in much of the analysis in the coming months I will be covering GBP/AUD.

GBP/AUD Analysis
GBP/AUD is currently at highs it hasn’t seen since 2009. Since the pair is at five year highs I have no resistance areas beyond the 1.9600 level. Continue Reading  »

Forex price action analysis – January 21st 2015

Usually I resume my Forex trading in early January. This year things have gone a little different. The first week of the year Jan 5 to Jan 9 was very dull. The second week of the year Jan 12 to Jan 16 was too chaotic.

So, what did I do?

I waited until this week to start trading again.

A lot of new traders feel like they need to trade at all times. How can you call yourself a trader if you aren’t trading? Continue Reading  »

Forex price action analysis – December 17th 2014

In this analysis I will be covering two pairs, GBP/USD and AUD/USD. If you want to see my support and resistance areas for these pairs please check out the support and resistance areas section.

Also, as of last week I have finished trading for the year. Usually, if I meet my minimum yearly target I take the last few weeks of December off.

I will still be watching my charts but I will most likely not take a trade. Continue Reading  »

How to Trade Forex Price Action: My Reversal Trading Strategy in Three Webinars

Do you want to see how I trade reversals with a 74% win rate?

Last week I held three webinars over the course of three days. In the webinars I showed you how I use my Forex price action strategy to spot and trade trend reversals. Below you will find a recording of these webinars.

Forex Price Action Trading
My Forex price action strategy is split into three parts.

First is the candlestick analysis. Candlestick analysis forms the basis of my strategy. Continue Reading  »

Forex price action analysis – December 2nd 2014

In today’s Forex price action analysis we will look at a few pairs, starting with GPB/USD. If you want to see my support and resistance areas for these pairs, please check out the support and resistance areas section.

GBP/USD Analysis
We have already had a trade on GBP/USD this week. The first candle of the week gaped up by around 10 pips on the four hour chart. After the gap, price fell back down to our 1.5620 support area and formed indecision… Continue Reading  »