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 – 2015-10-21

The potential USD/CHF trade I shared in yesterdays analysis ended up triggering and hitting its first target. In todays analysis I discuss yesterdays trade and do my normal analysis on other pairs. If you entered yesterdays trade, please leave a comment below and let me know how you did! 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 – 2015-10-20

There is a pretty nice trade setup forming on USD/CHF. The indecision candle has not closed yet, so the setup is not complete. However, if indecision closes similar to what it looks like in the video, I will probably set an entry at around 0.9522. EDIT: First target hit on the USD/CHF long trade. 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 – 2015-10-15

Looks like today’s analysis was a little on the late side. The GBP/USD trade I talk about at the start of the analysis triggered at the end of the analysis, so I had to cut the analysis short in order to enter the trade. 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 – 2015-10-14

There isn’t much going on today. EUR/USD and USD/CHF are both approaching areas of support and resistance, so we might see indecision form. Other than that, things are pretty quiet. Watch the video below for the full analysis. Sorry about the low video quality. I messed up a setting, tomorrows will look much crisper. 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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Forex price action analysis – September 21st 2015

Sorry about the lack of analysis, I have had a busy few weeks and have not been able to do the analysis as regularly as I would like. 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: My key resistance areas are the 1.1310 and the 1.1420. The 1.1420 formed from the massive bounce we saw last week. However, it does have some history, there was another major bounce from 1.1420 on the 15th of May. This level is really very strong so keep a close eye on it. My key support areas for EUR/USD are 1.1160 and 1.1010. These are both strong areas, the 1.1160 is especially strong with a massive bounce on September 7th. GBP/USD: My key resistance areas are the 1.5650 […]

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Forex price action analysis – August 18th 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: EUR/USD has been a little messy over the last few weeks. I have been avoiding this pair on and off for several weeks now. This week I will be trading it, but with a lot of caution. My key resistance areas for EUR/USD are 1.1090 and 1.1200. My key support areas are 1.0980 and 1.0860. GBP/USD: My key resistance areas for GBP/USD this week are 1.5650, and 1.5770. My key support areas are 1.5560, and 1.5470. USD/JPY: After years of not trading USD/JPY, I have finally started liking this pair. I will be trading it this week. My key resistance is 124.80, and 125.60. My key support areas are 123.35 and 122.60 for USD/JPY. AUD/USD: […]

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Forex price action analysis – August 4th 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: A trade triggered a few hours ago from the 1.0945 support area. I was still half asleep when it triggered and I felt that entering a trade while not fully alert was a bad idea. It seems like the trade is going well so far though. I will be looking for more bounces from the 1.0945 this week. My key resistance areas for EUR/USD are 1.1070 and 1.1200. My key support areas are 1.0945 and 1.0820. GBP/USD: My key resistance areas for GBP/USD this week are 1.5650, and 1.5770. My key support areas are 1.5560, and 1.5460. USD/JPY: Key resistance is 124.00, and 124.80. My key support areas are 123.35 and 123.60 for USD/JPY. AUD/USD: […]

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Forex price action analysis – July 21st 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 going to start trading the Euro again this week. I will be trading with extreme caution though. My key resistance areas for EUR/USD are still 1.1005, and 1.1150. My key support areas are 1.0830, and 1.0690. GBP/USD: My key resistance areas for GBP/USD this week are 1.5560, and 1.5660. My key support areas are 1.5460, and 1.5350. USD/JPY: Key resistance is 124.80, and 125.60. My key support areas are 124.10 and 123.35 for USD/JPY. USD/CAD: USD/CAD is at six year highs which means I have no areas for it at the moment. AUD/USD: AUD/USD is at six year lows which means I have no areas for it at the moment. It generally takes […]

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Forex price action analysis – July 14th 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: Again, I am going to stay away from the Euro this week. My risk assessments tell me that it is simply not worth trading Euro with the Greek crisis looming overhead. If you personally feel like it is worth the risk, here are my key areas: My key resistance areas for EUR/USD are still 1.1150, and 1.1270. My key support areas are 1.1005, and 1.0830. There is actually a trade from the 1.1005 support area at the moment. It had already triggered but I am not trading it. Anybody enter this one? GBP/USD: My key resistance areas for GBP/USD this week are 1.5560, and 1.5660. My key support areas are 1.5460, and 1.5350. USD/JPY: Key […]

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I will be taking part in “Trader Meet Up” this year

Trader Meet is hosting a cool online event for Forex traders. They have asked me to post the information below about the event. I will have my own “virtual booth” there, so I hope to see you there! The information below is from the Trader Meet Up team: Trader Meet Up is a leader in virtual expos that’s known for connecting traders and brokers; and in July, they plan to do just that! If you’re a day trader, daily pips, stories, and other notifications of breaking news are nothing new to you; as you watch them regularly to predict the market. All of this is in attempt to find that one currency that’s breaking in the market; giving you the opportunity to realize massive gains. Trader Meetup is a new concept that gives you the tools needed to not only identify, but take advantage of these breaks! At Trader Meetup, you’ll meet other traders just like you, have the opportunity […]

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No Analysis This Week

I was planning on releasing my weekly analysis yesterday but I couldn’t really find much to say about the market. There have been some trades to take here and there but as an ultra cautious trader, I skipped them. It seems like it was the right decision. Advanced course members haven’t done too well on the few trades they took. Why? European mess plus NFP equals uncertainty Well, this week started messy and it has not got much better. The weekends bad Greek caused some major gaps, some the size of which we have not seen in years. The news from Greece has only got worse since the weekend. Add to that the normal uncertainty that you get the second half of NFP week… … Call me crazy but trading just doesn’t feel safe this week. The Sun may be affecting my decision The sun situation is probably having a bit of an impact on my decision making process. As […]

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Forex price action analysis – June 23rd 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.

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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, 25% of the world or something? So, two weeks ago I started tweeting regularly. I have tweeted some trades and some thoughts on current market conditions. I still shy away from Facebook, but my tweets are auto-posted to Facebook anyway; so, if you aren’t a Twitter fan, add me on Facebook. Follow @forex4noobs Why Twitter? I actually think that Twitter is an extremely efficient way to share trades and trading information. I can quickly post trades, ideas, tips to my Twitter from almost anywhere. […]

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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, looming over my trades. If you want to trade EUR/USD though, here is some quick analysis for you. My key resistance areas for EUR/USD are still 1.1450, and 1.1280. My key support areas are 1.1110, and 1.0985. GBP/USD: My key resistance areas for GBP/USD this week are 1.5660, and 1.5775. My key support areas are 1.5565, and 1.5460. I would keep a close eye on this pair, it has provided some great trades recently. GBP/AUD: My key support areas are 2.0020, and 1.9880. I only have one […]

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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. We enter EUR trades, news comes out about Greece, and the euro goes flying up or down. The erratic movements are too much of a headache. However, for those of you who still want to trade, I have some fresh support and resistance areas… … My key resistance areas for EUR/USD are 1.1450, and 1.1280. My key support areas are 1.1110, and 1.0995. GBP/USD: My key resistance areas for GBP/USD this week are 1.5660, and 1.5565. My […]

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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; trading in front of an audience is a different story though, but it was so much fun that I will be doing it again soon. Check out the webinar below. Useful links My Forex strategy My support and resistance areas Feedback and Questions If you have any feedback or questions, you can leave them below. I would love to hear what you though!

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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 & Resistance Areas This Week EUR/USD: Sellers have had a lot of fun with EUR/USD over the last week and a half. I am feeling like I should get back into break out trading. However, that probably wont happen for the time being. My key resistance areas for EUR/USD are the 1.0990 and the 1.1130. My key support areas are the 1.0870 and the 1.0740. GBP/USD: This pair has been a good pair to trade over the last few weeks. It looks like it may continue to move nicely this […]

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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. The webinar will be different to any other webinar I have ever done. I am really excited about this webinar. I will send out more information via email tomorrow. Just make sure to keep Thursday May 28th at 14:00 GMT free if you can, the webinar will be worth it! So, let’s look at some price action analysis for this week. Key Support & Resistance Areas This Week GBP/AUD: GBP/AUD is still my favorite pair to trade […]

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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. Make a point of monitoring support and resistance areas on GBP/AUD, if you want to catch reversal trades. My key support areas for GBP/AUD are the 1.9225, and the 1.9080. My key resistance areas are the 1.9340, and the 1.9460. EUR/USD: Support and resistance is still messy on EUR/USD. With the price of EUR/USD dancing around 12 year lows, it is hard to place good support and resistance areas. However, the longer price stays at these lows, the clearer support and […]

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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. Support and resistance areas To make the most of this analysis, you need to understand price action, and how to use support and resistance areas. Basically, support and resistance are predefined areas in which price will probably struggle to break through. A support area is full of buyers and sellers will struggle to break through it. A resistance area is full of sellers and buyers will struggle to break through it. However, it’s not as simple as […]

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