Has anyone signed up for Nial’s trading course? If yes, please give me your feedback.
The truth is that he gives most of his strategy away for free in his videos and throughout the site. The strat itself is actually rather simple, sticking to trading only three or so candlestick patterns on the 4H or Daily charts.
Nail Fuller has more then 50 videos up on his website AND articles on his strategy, he seems like a great guy 
but yeah his entire strategy is, as he would say it, a “method”, not a strategy per say, all it entails is trading nothing but the highest probability setups, which are in his opinion, the pin bar, and with the pin bar the fakey setup, and the inside bar setup
One awesome thing about his buying a lifetime membership to his course and website is the live trading forum he has, him and his community of traders post possible trade setups and other useful information on a daily basis, his course is actually on sale for the month of April I think
Would you recommend buying the course or just going through the free stuff on the website ?
Kimonz, my 2 cents, since discovering this thread - i’ve already gone through half his vidz already in the last few days and he gives away his “Method” or “Strategy” through his videos - i tried reading through the site but it has general information that is just replicated all over the net; infact babypips consolidates this information in a very nice and simplified manner.
here - he’s uploaded everything to youtube - i’m unsure if i can place links; but his youtube account is “OzTrader”
btw SithJawa orMerchantprince - question for you guys if you please; what is the difference between a pin bar and a fakey pin bar or IB or fakey IB (to me a fakey is same either way… eg a pin bar is the same as a fakey pin bar?; either way it signals a reversal…)
Jangez, a pin bar has been well-documented just about everywhere, I’m sure you know what one of those looks like. When Fuller discusses a “fakey” he’s talking about essentially failed Inside Bars. I don’t believe fakeys have anything to do with pin bars; those pretty much stand on their own as a separate price pattern.
Rather, the fakey is basically just what Nial Fuller calls a Hikkake formation. The Hikkake is when an inside bar forms and price moves beyond the outer bar, triggering a buy or sell in that direction. However, in the case of the Hikkake (or “fakey”, as Fuller calls it), this breakout signal is false and price immediately reverses, crosses back the entire length of the original outside bar, then breaks out the other end.
As I understand it, Fuller only likes to take Inside Bars when they occur during an established uptrend or downtrend, taking entry only in the direction of the trend. If price breaks beyond the outer bar of the inside bar formation, then reverses, it’s a fakey/hikkake and actually signals a reverse of the trend. Others who may have watched more of Fuller’s stuff can correct me if I’m wrong.
I have a couple docs from last weekend when I first started getting into this stuff a bit. None of what I’m attaching here is Fuller’s content but rather stuff available on the web for free about pin bars and hikkake. This should help explain:
hikkake.pdf (165 KB)
Pin bars-introduction-1.pdf (176 KB)
Sorry for the confusion, When I said pin bar fakeys are very strong signals I meant that when there is an inside bar and the false breakout occurs (the fakey), a lot of times the false breakout that forms is a pin bar, so when I see a pin bar form after an inside bar it has confluence with being a pin bar and being a fakey
@Kimonz: once you find or develop a profitable system (of which there are dozens in this forum) it is best to stick with it, trade the system to the letter and understand why it works and you will succeed, for most people failure comes from emotionally trading, or crappy Risk reward, so if you want to buy a set of concrete rules along with a forum of traders sporting potential setups to use (which would be useful), I’d go for it but honestly you won’t ever need to pay money to learn how to trade the forex effectively, tons of free stuff everywhere, yay Internet
Well to answer the first question. I like using the fib in multiple ways for TPs. Previous levels of SR levels. to scale out. OR back in. Depending ofcourse. Usually after I take half my position to breakeven at 50Pips or first tp. Then if it blasts a SR level with nothing in its way. Scale in. Just my thoughts…