The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. The story is that one of my member’s posted up this setup in forex reversal v4 member’s forum and this alerted me to a setup that I otherwise would have missed.
Anything above a 1hr chart is something that I personally look at on the majors pairs. I discuss the fakey setup extensively in my trading course. The trend was down in this setup and we had a swing point providing confluence of resistance at 163. Wow, how simple you explain trading. The truth of forcing the emotion in order to break the emotional control is so important. After being referred to your website from a friend it opened my eyes that I can be involved in the Forex market without having the 5 -10k account my friend plays with.
Adding to this is the fact that he enjoys my reflections on the chart even though he has given it real time and money. I look forward to learning all your lessons and applying them and sharing my trades without the gambling nature I have followed prior to this enlightenment. I know that you get this question daily. How much capital do i need to start up for day trading currency? Hi, In my eyes, the trader knows how much capital he is comfortable trading. That means what he can sleep at night trading and feel comfortable if he was to loose all of it. As forex can be risky if you dont know what your doing, its best to start trading real money in smaller quantities until you become more confident.
What kind of platform are you using? Not all meta traders versiosn are new york close sever time. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. Nial Fuller’s Price Action Forex Trading Course.
I am trying hard to stay into my trading routine. Hey Nial, You are always on point. That was very informative, thank you so much. I always repeat : I can do what anyone can do . Disclaimer: Any Advice or information on this website is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. You need both CMF_v1 and CMF_T3_v1 for CMF_T3_v1 to load properly. Marc Chaikin, a stockbroker since 1966.
Default CMF period – 21 day. While market weakness is often accompanied by the price closing in the lower half of its daily range on increased volume as well. Therefore, if price consistently closes in the upper half of its daily range with increased volume, then the CMF indicator will be reading above zero – positive CMF, which suggests that the market is strong. And vise verse: if the price consistently closes in the lower half of its daily range with increased volume, then the CMF indicator will be reading below zero – negative CMF, which indicates that the market is weak.