Price Action Setup Trading

Thanks gbl83! Access to the forum would be helpful. There I’m guessing you can get verification on whether you’re spotting setups correctly or not from the more seasoned traders.

One question though, is Nial himself active in the forum as well? Because if he is, then it’s definitely worth the money if it means getting “mentoring” from Nial himself.

Yes Nial is in there giving feedback along with a coach.

Thanks again gbl! I think PA is the way to go. :slight_smile:

I am also a paid member of Nial’s, I agree that the forum is a great learning tool, I really like having the course access too, it’s a guide that I use a lot to refresh myself about how to properly trade price action.

I emailed Nial about the videos recently and he is currently recording more for the member’s area I guess, he just posted a new one recently. I think it’s all worth it.

Here is an example of a perfect looking fakey setup, I took this setup and am already out with a net of 100 pips, risked 50. This is why I trade with price action setups from Nial Fuller; he emphasized waiting for the ones that are super obvious, like this one. I find people want to trade way too much when the most efficient and effective way to improve your trading accuracy and build your account is through being patient enough to wait for the best formed setups.


Price action is definitely the best indicator but having pivots, fibs and murry math will help you pin point entries and exits.

Awesome! Good work

I disagree, fibs are ok but pivots and “murry math”?? That’s just overly complicated confusing jargon that is unnecessary, I will never understand why traders want to study anything but price action and levels, everything else is second-hand information.

I agree with you mate “Murry Math” is a secondary indicator. As you know price action moves in waves in all time frames but when you get a confluence of reason in one zone the greater odds for the trade going your way. The core of my system is Elliott-Wolfe waves but S/R,Fibs,Pivots,Gann-Murry Math gives me accuracy for my entires to reduce risk as much as possible. It just boils down to your brain and how much information you can process at once.

Well, whatever floats your boat! I prefer plain vanilla chart price action trading, works for me!

I think everyone should read the following article. I hope the moderators here will allow this link, it is a link to a free article that I just read that has literally turned on a light bulb in my brain regarding my trading:

A Case Study of Random Entry & Risk Reward in Forex Trading | Learn To Trade Forex

Anyone trade the EURUSD pin bar on the 4hr chart from last week? I made some pips on this one, it was a solid price action setup with the trend.

Hey everyone,

Currently a 4hr pin bar has formed on the EURUSD. I am gonna take a stab long here and see how she rides. Will up date later. - P.A. RULES.


Hello everyone,

I am also considering Nial’s member section.
I really enjoyed the free material which played a major role in taking this decision.

Thanks

I agree, hope to see you in the member’s forum!

I just took this price action set up for a short on the GBPJPY. Nice looking pin bar on the daily around resistance area.

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That was a tough one, looks like it didn’t work out. Good setup, it just didn’t work out, some of them don’t work out, event he good-looking ones at strong levels, it’s just part of the game, which is why you have to manage risk effectively every single trade.

Yeah turned out to be a loser, it happens. The risk return was good for this trade.

Could somebody please recommend a good free software for drawing chart setups. i am currently using meta trader 4 but finding this is not brilliant for manipulating drawing tools and trading from charts

What exactly do you mean by “drawing chart setups”?? That is a bit vague.