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What is retracement in forex trading

admin~19.05.2018/Forex

The Authority’ on Price Action What is retracement in forex trading. In 2016, Nial won the Million Dollar Trader Competition. This is one of the most powerful price action trading strategies you will ever learn, it’s one of my favorite patterns. Quick note: I don’t use all the other Fibonacci extension levels because there are just too many of them and I don’t see the point of having so many different levels all over your charts.

I know some traders get confused about that. After finding the potential trade signal, decide to enter at market prices, or wait for a pull back to get your stop loss tighter to reduce overall risk. I hope this article clears some confusion about Fibonacci levels. Personally, I only get a handful of these setups every month on the daily charts, but when you see these swing retracements inside a general trend movement, its wise to mark them on your charts and then look for a price action confirmation entry signal. I just found thos out last week on the chart and I saw it gob ng more profits and I started searching more about it and I saw your article. You just confirmed it to me that this strategy works out perfectly.

You don’t cease to Amaze me! Thank Nial for the lesson i hope this article can help me in trade strategy. Thanks Nial, this was very informative. Hi Nial Thanks for explaining the subject of Fibonacci levels clear and understandable in relation to trading forex. Mister Nial Fuller, I only just became familiar with your work a couple weeks ago. This past weekend I read this article, and then yesterday three lovely setups appeared on the daily charts at the same time.

I took all three and increased my account by over 41 percent. All of my money is off the table for these trades, but it will be interesting to see how much further they go. Dear Prof, You have given another good angle of elevation to our trading career. Thanks Nial that clears a lot of things up for me. I lost half of it the following month because of lack of money management. Your explanations are very refreshing and easy to understand. Your style only reinforces the idea that trading should be kept simple.

Its a great article and website. I’ve been reading your articles over and over again just to understand what you’re saying and so that I don’t miss out anything. Hi Lucan, please email me for details on this. You are good thank you for making good me too GOD BLESS YOU. Every article I read has tons of new info.

Nial, I have just found your website and cannot wait to get stuck into all this free trading advice you have on your website. I love price action trading and have only recently realised how nice it is to trade without indicators. I hope will let you know how my trading goes. God rewards you for helping others. This is a great looking setup to minimize risk while increasing the probability that the trade will work out! Hey Coach as always you keep showing great potential setup. I will now start using this one into my trading plan.

Thanks a lot for sharing this another clear strategy, you’re a great help for us newbies here. It shouldnt be here for free. This is a very special set up for me nial. 4 hr candles and look for rite candles with increase vol. Am really improving in this business industry through the knowledge I get from you. Thank you for price action candles,it is very interesting and now I am practicing it.

It is very clear to me. Thanks, this is a powerful strategy. How come I have never noticed it at all? It is always easy to make things simple like what you did. Conquering pips have become secondary to me after I read your course, Now, Whole scope is, Enjoying the trading with STRESS FREE method, Few pure Price action Trades and having more time for my self.

Once again Thanks for the Advance course. Good to know someone is thinking like the big players. Pretty much center point of the sell and buy zones also. It was explained clearly and concisely so I can understand it and use going forward.

Thanks Nial for showing current examples. Keep them coming, so we can improve our trading. I’m really knuckling down to practicing and trading the way you instruct on the 4H and daily time frames, I going to be moving away from the lower time frames. Less pressure, less time consuming and easy to understand, that’s how trading should be.

Always look forward to your teaching lessons and web updates. I am fascinated by the way price action works. Dear Neal, Thank you very much! Hope to get such signal in near future. Thank you for all this stof you have the most of the time small text but i tell us much to much thanks for every thing. And the videos are great .