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 – 2016-09-06 (Potential setups on AUD/USD and USD/CAD)

UPDATE 1: Well the “ISM Non-Manufacturing PMI” numbers that just got released were unexpected. Obviously the potential trades mentioned in this analysis are cancelled without being triggered. However, this new move may have given us some new opportunities. Keep an eye out here for updates. In today’s analysis I spot two potential setups, a AUD/USD 6/8 hr short, and a USD/CAD daily chart long. I also discuss trading through news releases, and how I might handle NFP next month. Check out the video for full info.

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Midday Forex price action analysis – 2016-09-01 (Potential setups on USD/CAD)

UPDATE: The EUR/USD long was triggered due to the ISM Manufacturing PMI’s surprise fall below 50. I do not think anyone saw that coming. Since the entry was triggered by a news based spike, and these spikes tend to retrace quickly, I am closing this trade early. In today’s analysis I spot one potential trade, a USD/CAD daily chart short.

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Midday Forex price action analysis – 2016-08-31 (Potential setups on USD/CAD EUR/USD)

In today’s analysis I spot two potential trades, a USD/CAD daily chart short, and a EUR/USD 12hr or Daily chart long.

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Midday Forex price action analysis – 2016-08-25 (Potential GBP/AUD and NZD/CAD short)

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, and relax :) In today’s analysis there aren’t many new trade opportunities. There is an average looking GBP/AUD short forming, but the setup is not complete yet. And NZD/CAD is still showing signs up stalling at resistance, but this time on the daily. The EUR/USD setup I mentioned in yesterday’s analysis triggered and is doing well. The NZD/CAD trade I mentioned on Tuesday’s analysis is still ranging up and down, but it’s worth holding onto. In fact, NZD/CAD is forming a potential […]

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Midday Forex price action analysis – 2016-08-24 (Potential setup on EUR/USD)

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.

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Midday Forex price action analysis – 2016-08-23 (Setups on NZD/CAD and EUR/GBP)

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.

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Midday Forex price action analysis – 2016-08-18 (Setup on USD/CAD)

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.

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Midday Forex price action analysis – 2016-08-17 (Setups on AUD/USD, EUR/USD, USD/CHF, and EUR/AUD)

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, but looks aren’t everything when it comes to trade setups. The price action on USD/CHF is showing us that sellers are weakening and buyers are strengthening, so you should monitor this pair closely.

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Midday Forex price action analysis – 2016-08-16

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. However, the spike down has given us a pretty good looking setup on GBP/JPY now. So keep a close eye on GBP/JPY and EUR/GBP, and also keep watching AUD/NZD and NZD/USD as they may still form decent setups.

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Midday Forex price action analysis – 2016-08-11

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.

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Midday Forex price action analysis – 2016-08-10

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. I also discuss some of my price action techniques.

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Midday Forex price action analysis – 2016-07-28

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. 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. You will learn how to place support and resistance, and how to use them. Click hear to save your seat for this session. And also, please spread the word to fellow trades via Facebook, Reddit, Twitter, and forums!

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Midday Forex price action analysis – 2016-07-27

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. 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. Remember the USD/JPY long trade I called yesterday? I found that trade by using support and resistance. Save your seat for the live training session right here. And also, please spread the word to fellow trades via Facebook, Reddit, […]

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Midday Forex price action analysis – 2016-07-26

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, spot them, place them, and trade from them. Save your seat for the live trading session right here. And also, please spread the word to fellow trades via Facebook, Reddit, Twitter, and forums! How to use this price action analysis If you are new to trading and do not know much about price action, check out my Forex trading strategy. And, you can also browse through my hours of price action webinar recordings here.

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Daily Forex price action analysis – 2016-07-20

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. We just need to wait and see with this one. 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 focusing on advanced support and resistance techniques. See all of those areas I use in the analysis above? The areas that show me where price will stall and potentially reverse… … Well I want to teach you some […]

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Daily Forex price action analysis – 2016-07-14

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. UPDATE 1: The potential USD/CAD trade I spotted in this video has pulled back a bit. This should be an example of why I strictly enter after price breaks through indecision. I am still watching this setup very closely. 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 focusing on advanced support and […]

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Daily Forex price action analysis – 2016-07-12

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. Today is shaping up to be a busy day for price action trading… … Because in today’s analysis, I identify four potential trade setups, and three of them might trigger within six hours. On the watch list today is: AUD/JPY with a potential 6hr chart short AUD/NZD also with a potential 6hr chart short EUR/JPY, yes another potential 6hr chart short USD/CAD with a potential 12hr chart short The EUR/JPY short looks to be the strongest out of the four, with a risk to reward […]

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Brexit Trading Plan + Daily Price action analysis – 2016-06-28

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? Nah… … I will continue to trade while exercising great caution. I will make sure my risk remains low, and I will play it safe. One of my biggest strengths as a trader is that I can sit on my hands when it is needed. If I feel that not trading is essential for the survival of my account, I will stop trading for a few days and reassess. However, right now, I feel that I can start trading again if I play it […]

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How to enter trades at the right time – Training session

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, we are both targeting 1.1100, with a stop at the 1.1250 level. The only difference is that I enter at 1.1200, and Bob enters at 1.1180, 20 pips after me. And that 20 pips makes a big difference. While I have a 50 pip stop, and a 100 pip target, Bob has a 70 pip stop, and a 80 pip target. As you can see, picking the perfect entry is vital. But the question is, how […]

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Daily Forex price action analysis – 2016-05-11

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, watch the video below.

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