pricetrader99

Thanks for that article stpips, very interesting...

I agree Ingot. I've been a member for sometime now at LTTTM and the value is outstanding. Nial really does go out of his way to help traders learn his strategies.

Can anyone tell me what the difference is between J16 and Nial Fuller teachings? Or perhaps tell me your opinion on which is better?

EXCELLENT article, thanks so much stpips!

Cool thread man, do you trade inside bars / pin bars / fakeys too? That's how I trade with PA. Of course also using levels / S/R / confluence, etc.

Hey stpips, I learned quite a bit from Nial as well, he seems to be pretty good with teaching PA, you can actually learn a lot just from his free stuff, fyi.

I first got interested in trading through day trading and then I started learning about raw price chart reading and this is now how I read charts in real time. I enjoy trading off raw price action now and looking at charts with no indicators, I feel like it really helps with reading charts in real time.

This recent run in EURUSD has been pretty insane. I caught some very decent pips out of and and beginning to wonder how high it will head. We are approaching some pretty decent resistance near 1.3820 that could cause price to stall out in the near term. It will be interesting to see what happens next week.

I use fibonacci retracements in my trading but only when they are confirmed via price action setups. I personally have learned how to do this from Nial Fuller, he does a good job at showing how you can incorporate price action at fibonacci levels.

Great article Nial, your insight on price action continues to improve my trading

As of today I am ceasing my posting in this thread. It has turned into something that I did not intend on. I wish everyone nothing but the best and hope you all find the success you are looking for in the markets. - Best wishes - pricetrader99

OK, First of all, I only post charts up because I don't feel its necessary to show everyone my broker's screen shot with my account number and monetary value for everyone to see. I think that is reasonable. I am only trying to share how I trade using price action, im trying to show specific setups that I take again and again in the market for people to analyze and to help people out. You can plainly see from this chart the resistance level I was referring to in my previous post. A fakey occurs when there is a mother bar followed by a series of inside bars then a false break, you can see from the chart below what I am talking about. If anyone else would like to share their price action setups that is cool, however all this doubt and negativity being sent my way is pretty confusing, im not selling anything, just sharing how I trade. How does everyone else use price action? Can we get back to sharing setups and ideas instead of arguing?

My stop on that aud/jpy pin bar was just below the 50% retrace level of the pin bar, my target was around 82.50 as I posted, this was about 2 times my risk. My risk to reward was 1:2. Obviously this trade did not work out. It's ok because I manage my risk and always make sure I have at least a risk/reward of 1:2 or greater. It was just another execution of my edge in the market. I am currently up a decent amount of pips on today's GBP/USD fakey that came off. See the chart below. 4 Hour view of the fakey setup produced a nice pin bar off resistance:

Here is a chart with arrows and comments of aud/jpy daily. Today gave us a nice pin bar off of a solid horizontal level.

Wow, This seems to be a very hostile thread. I have no affiliation with Nial Fuller, I just recently purchased his trading course and I feel it is the best piece of forex educational material I have ever come across. One of the previous posters was implying that the way I trade is extremely "BASIC' because it relies on simple candlestick patterns. Well, I would agree with you, and I would like to ask you, why is that a bad thing? How is trading off the price data the market inherently supplies us with a bad thing? Have you found success in analyzing multiple lagging indicators? I doubt it. Most people realize indicators are a fools game pretty fast into trading. I honestly just wanted to find a good forum to share what I have recently learn and get others' take on price action trading. I really feel like all the hostility sent my way for apparently no reason is really strange. I will not fire back and sink down to a level that I have long since taken myself out of. SO, in the effort to get back on the track of discussing price action and not petty insults... Ektrader... The "fakey" setup as I have learned it from Nial is when there is an inside bar or multiple inside bars followed by a false break of the last inside bar, this tends to suck in traders that always buy break outs and usually will come back the opposite direction quite strongly. I have not seen this taught any where else quite how Nial teaches it, which is why I have been talking about his methods alot on this thread. No, what he teaches is nothing ground breaking or mind blowing, but he has a natural flare for explaining things in a simple yet effective manner, that is why I am a supporter of his, and I love the fakey. Here is a chart of the fakey setup. Arrow 1 is the inside bar, Arrow 2 is the false break bar, hence the "fakey" setup. It works especially well in the direction of the dominant trend. This chart is a daily chart of AUD/USD.

Thank you ektrader, I did take a small loss on that trade. It's ok though because I manage my risk. In hindsight the market momentum was down so I was going against the trend which is not usually wise. Here is a great setup called the "fakey" that Nial Fuller teaches. Go look it up on youtube, theres tons of free videos. This is my favorite setup; on the daily charts it works more often than not.

Not really sure why people are saying I am "giving price action a bad name". I just wanted to post up some charts of trade setups I have learned as a result of taking Nial Fullers course. I will just keep posting trades and people can decide for their self wither or not they choose to be negative. I am long off this daily pin bar that formed today. Target at 1.6600.

Here is the trade I posted up yesterday, everyone in the learn to trade the market member's community caught this before it happened. Price action truly is awesome.

That is a daily chart of aud/usd, sorry about that. Yea, I know there are other people teaching price action. I just like how Nial does it though. He makes it seem really simple and doesn't sugar coat anything. I've known him for a while now as I am an active member in his online trading community and I can say that he is a great trader and the member's community on his website is a great tool. Daily inside bar on eur/usd. Interesting set up.

Thanks wjrusnak, I really like Nial's approach because he has a knack for teaching and seems to really know what he is talking about. Did anyone catch the pin bar on aud/usd from friday?

Thanks Blowfish, I sort of wanted to get my own thread devoted to price action though. I've been learning from Nial Fuller, and he has a unique take on price action. I highly recommend going and checking out some of his videos on youtube. "][/url] here is an inside bar trade I recently made on gbp/jpy.

Thanks, wjrusnak I have been studying price action alot recently and it's been making my trading go alot more smoothly. Before I was trying to figure out how every little indicator worked and what not. Which I have finally realized is a fruit-less effort. Have you seen any of Nial Fuller's videos on youtube? What is your opinion of his price action methods? He is one technique called the "fakey" I believe, it seems pretty interesting. Let me know if you can't find him on you tube and will send you a link. Take care -

Hi, I would like start a thread about price action analysis. I have recently started trading forex strictly off of price action setups alone and I have found it much easier than using indicators or any other system. I am wondering how other people use price action to trade from or what degree of success they have had using this method to trade forex or other markets. Has anyone heard of a guy named Nial Fuller? He has a bunch of videos on youtube that I recently came across and they seem very helpful. He also has some good free videos and info on price action on his website. Anyways, I would like to hear what people think about price action and maybe post up some charts of specific price action setups I have learned. Thanks.