Nick'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! Subscribe to YouTube:

Read more

Midday Forex price action Analysis – 2017-01-18 (Game plan for NZDUSD Short)

In today’s analysis I spot no new setups. However, the NZD/USD short setup I discussed in yesterday’s analysis has triggered, so I share my game plan for this trade. Don’t forget to subscribe to the YouTube Channel so you can get notified as soon as the video goes live! Subscribe to YouTube:

Read more

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

Read more

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, you need to be able to read charts quickly, you need to be able to manage your time, you need to assess risk, you need to understand correlations… …And these are just a few of the many skills you need. So where do you start? How do you learn all these skills? Well in this webinar I show you a step by step plan for you to master Forex in 2017. All of the skills you need to be a […]

Read more

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. I checked it a few times on the Friday when I entered, and then a few times on Sunday and Monday at market open. No indicators, no fuss, pure price action trading! The trade was a NZD/USD Long with a 1:2 risk to reward ratio and a pip gain of 87. Enjoy the video and feel free to ask any questions below.

Read more

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”, keep a close eye on them. I will try to update this blog post with any new info! Subscribe to YouTube:

Read more

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. Subscribe to YouTube:

Read more

Mid-day Forex price action Analysis – 2016-11-01 (Potential Setups on AUD/JPY and AUD/USD)

In today’s analysis I spot two potential setups. An AUD/JPY short and an AUD/USD short. AUD/JPY is the stronger of the two setups, I might consider entering this trade on the 6hr chart. Watch the analysis video for more info, and check back here regularly for updates. Subscribe to YouTube:

Read more

Mid-day Forex price action Analysis – 2016-10-26 (No Setups)

In today’s analysis I do not find any potential setups. However, I do discuss yesterdays EUR/USD setup, I explain why I skipped the trade, and I do some analysis for those who entered it. Subscribe to YouTube:

Read more

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. Watch the video below for a full breakdown on the EUR/USD setup. Don’t forget to subscribe to the YouTube Channel so you can get notified as soon as the video goes live! Subscribe to YouTube:

Read more

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. Mastering your trading psychology so you can trade with confidence. In this video I show you a step-by-step approach to demo trading the right way, so that you can spend your time mastering the three core skills, and end your demo trading ready to go live. Subscribe to YouTube: Here are the links I promised: Sample trading journal Free strategy outline Position size calculator Are you demo trading the right way? Are you already demo trading properly? Do you […]

Read more

Mid-day Forex price action Analysis – 2016-10-12 (Setups on EUR/AUD, EUR/JPY, and USD/CHF)

In today’s analysis I spot three potential setups on EUR/AUD, EUR/JPY, and USD/CHF. I also discuss last Friday’s successful EUR/JPY short trade. Don’t forget to subscribe to the YouTube Channel so you can get notified as soon as the video goes live! Subscribe to YouTube:

Read more

Midday Forex price action Analysis – 2016-10-04 (Setups on AUD/JPY and USD/CHF)

In today’s analysis I spot two potential setups, one on AUD/JPY and the other on USD/CHF. I am waiting for the 12 hour candle close before I decide on an entry level. Don’t forget to subscribe to the YouTube Channel so you can get notified as soon as the video goes live! Subscribe to YouTube:

Read more

Midday Forex price action Analysis – 2016-09-29 (Analysis on yesterday’s GBP/JPY Trade)

In today’s analysis I find no new viable setups. So, I breakdown our open GBP/JPY long and talk a little about using support and resistance. Enjoy! Don’t forget to subscribe to the YouTube Channel so you can get notified as soon as the video goes live! Subscribe to YouTube:

Read more

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

Read more

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

Read more

Midday Forex price action Analysis – 2016-09-22 (Setup on EURAUD)

In today’s analysis I look over the EUR/USD and USD/CAD trades from yesterday. I also spot a EUR/AUD Long set up.

Read more

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. We are seeing a strong short set up on the 2D (two day) USD/CAD chart, but it can also be traded on the 1D. And finally the potential EUR/GBP short from yesterday is still a potential trade. I will be keeping a close eye on this pair for the remainder of the week. Have a great day everyone!

Read more

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, and a weak set up on CAD/JPY. These setups are worth looking at, but neither of the two are terribly exciting. We had a few reversal trades trigger on Monday which has resulted in a slow day today. When Mondays reversals complete on Wednesday or Thursday we should see a few more set ups. You can skip to the 6 min 30 sec part of the video to see the EUR/GBP analysis.

Read more

Midday Forex price action Analysis – 2016-09-14

Not much happening during today’s midday trading session. I will be checking my charts again in a few hours, so keep an eye out here for updates.

Read more