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.

Daily Forex price action analysis – 2016-05-10

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, that might have some potential. And there are also trades on GBP/USD and USD/CAD. I will probably skip those two setups because they wont meet my minimum risk to reward ratio of 2. However, if your RR minimum is lower than mine, you may want to consider them. How to Trade My Strategy Have you checked out my check out my free Three Day Blitz webinar series? If not, you should go through it. The Three Day Blitz is a […]

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Daily Forex price action analysis – 2016-05-09

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. It is about five hours of video, but I share a lot of good info in it. If you want a short and quick version, check out my free price action strategy. This will allow you to put today’s analysis into action, and trade the setups I discuss (if they trigger). You can also browse through my other Forex webinar recordings here.

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What are you struggling with most in your trading?

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. Which makes me wonder, how many of you guys out there are also struggling? Well, I want to help. So, I want you to do one thing for me… Answer the question below. What are you struggling with most in your trading that is stopping you from being profitable? Leave a comment below and let me know. I will read and reply to every comment personally. So if you want my advice, now’s the time to let me know what problems you are having with your trading.

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Daily Forex price action analysis – 2016-03-30

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. So I thought to myself, why not share this analysis anyway? Even if the setups fizzled out, I captured a moment that every trader faces several times per week, so it is worth sharing. Also, I do discuss a few topics that you may find interesting in this analysis. I explain currency correlations and how they effect my trading decisions. I also discuss some price action techniques which I use to manage open trades. Want to know how to put this […]

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Daily Forex price action analysis – 2016-03-29

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? I use the forex4noobs losing streak calculator to show you what to statistically expect in terms of losses. I also talk about handling losses, trading psychology, and what it takes to be a great trader… … To be honest I kind of rambled on a bit, probably because I am getting old (30 in April)! I just updated my support and resistance areas, you can check them out here. Want to know how to put this price action analysis to use? If you’re a […]

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Daily Forex price action analysis – 2016-03-23

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, check out my advanced price action strategy. This will give you a better understanding of how you can trade the setups I discuss in this analysis. You can also browse through my hours of price action webinar recordings here. My support and resistance areas Check out my support and resistance areas here. These areas

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Forex Price Action Trading Webinars – Three Day Blitz 2016

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. This year I want to focus on showing you how to master your trading psychology. So, next month I will be holding a free webinar on trading psychology for you guys. Along with the webinar, I will be starting a free trading psychology podcast. I will release more details on both the podcast and the webinar soon. And the second announcement. I have had a lot of emails about the course this week, so I will be opening up the Advanced […]

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Daily Forex price action analysis – 2016-02-23

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, and I will cover several subjects on each of those days. If you want to attend, save your seat and read more about the webinars here. Want to know how to put this price action analysis to use? If you’re a price action newbie, check out my advanced price action strategy. This will give you a better understanding of how you can trade the setups I discuss in this analysis. You can also browse through my […]

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Daily Forex price action analysis – 2016-02-10

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, I may consider a long trade. The setup would need to meet all my criteria and would need to have a good risk/reward ratio. USD/CAD might be stalling on the 3 hour chart, the setup is not that great though, and there is a 95% chance it wont stall or I wont take it. USD/CHF is showing strong signs of a bearish continuation from the 0.9815 resistance area. I have not traded continuations for years but I may start trading them again soon. […]

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Daily Forex price action analysis – 2016-02-09

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. Save your seat and read more about the webinar here. 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. My support and resistance areas Check out my support and resistance areas here. These areas

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Daily Forex price action analysis – 2016-02-03

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. On USD/JPY I will be looking for bullish reversals from the 118.85, and on NZD/USD I will be looking for bearish reversals from the 0.6650. Check out the analysis video below for more information on price action for today. 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. My support and resistance areas Check […]

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Daily Forex price action analysis – 2016-02-02

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. Both GBP/USD and GBP/JPY are testing their support areas, 1.4360 for GBP/USD, and 172.90 for GBP/JPY. We might see a continuation to the bullish trend on both these pairs this week. The USD/JPY short trade from Monday is moving quite nicely, it’s a retrace from a new based move, and its heading to its target quickly. In the analysis I talk a little about news based reversal trades and why they are so good. Last weeks live price action trade Last […]

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Live price action trade video -95 pips GBP/JPY 6hr

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, and a stop at 170.53. After a lot of movement up and down, the trade pushed up and hit my stop loss… … Does it bother me? No, not at all. I explain why it doesn’t bother me below, but first, check out the video: Forex trading is not about winning Despite what a lot of people think, Forex trading is not about being right a majority of the time. You can be wrong 60% of the time and still […]

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Daily Forex price action analysis – 2016-01-26

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, you can check out the video here.

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Live price action trade video +96 Pips AUD/USD 8hr

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! Did you take this trade? I know a lot of people following my analysis entered one or both of these trades. If you entered it, I would love to hear how you managed the trade. Even if you managed it badly and closed out early! Also, if you have any questions, feel free to ask below. I try to answer every question.

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Daily Forex price action analysis – 2016-01-20

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, which has shown itself to be very strong in the last two weeks. I will be monitoring AUD/USD closely today. If you want to take these trades too, you need to understand my strategy first, you do not want to jump in blind. Below this video are links to my free trading strategy and other important links. How to use this price action analysis If you are new to price action trading, have a look at my Forex […]

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Daily Forex price action analysis – 2016-01-19

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, have a look at my Forex trading strategy. You can also browse through the countless hours of price action webinar recordings here. My support and resistance areas Check out my support and resistance areas here.

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Daily Forex price action analysis – 2015-11-17

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. 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. My support and resistance areas Check out my support and resistance areas here.

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Daily Forex price action analysis – 2015-11-04

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. My support and resistance areas Check out my support and resistance areas here. These areas Daily Forex price action analysis – 2015-10-27

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Daily Forex price action analysis – 2015-10-27

USD/JPY is currently stuck on the 120.45 support area, and it is showing signs of indecision. The candle wont close for over five hours on the 8hr and 12hr charts, so anything can happen. However, I am keeping a very close eye on the pair as there is potential for a trade. Not much is happening on my other pairs so far. Check out the full 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. My support and resistance areas Check out my support and resistance areas here. These areas

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