I have not yet started trading but have all that a trader has been through. I have learnt a lot from your years of experience as a trader and continue to do so. Thanks a millions for the enlightenment I seem to have achieved through reading your posts. May God bless enlighten you more about price-action-strategies.
Now that I enrolled in your course, I got the smartest teacher in the trading world! Yey!
As you know, Im very new to FX & as Ive searched the Internet for education there is a LOT of information available (as much noise on the subject as on the intra-daily charts), so it has been a breathe of fresh FX-air to discover your site & read of your simplified approach. I expect that the FREE component of your web pages would only be like crumbs from the table of your full course, but those crumbs are certainly insightful & beneficial to a newbie like me. Great work! Many thanks!
Thanks Nial. Reminding me to focus on less is actually more important than trying to watch all the information.
If you are currently experiencing any of the following trading problems you will benefit significantly from making the daily chart your primary trading time frame:
You are the Forex trading Wizard! I was trading in the 1 hour charts and it was killing me, so much anxiety, now Im following your suggestion to trade on the daily charts, and its great! stress free! Thanks.
After five years of trading (now successfully) I can confirm that this article is of great value to all those starting trading, read, digest and follow, there are many methods of trading , very few are worth following but Thanks Nial for the instruction you have given me over the years..
• Over-analyzing Daily charts provide forset and forget Forex tradingand this allows you to spend less time staring at your charts and less time analyzing the market and all its variables. This is a good thing, more is usually not better when it comes to Forex trading, in fact, after you learn to trade effectively, you are better off spending as little time as possible analyzing the market and looking for trades. 30 minutes a day is all you need if you are focusing on the daily charts, this is of course after you have mastered an effective trading strategy like price action.
Hi Nail, thanks for the twitter. Your trades are great. Wished i knew them before, now i just relax a bit and review a couple of trades i am in. Hopefully going full time soon on FX..Great job!
Very sound advice. Great course By the way. Very easy to understand. Patience is the key, I believe. Keep up the
Daily Trade Ideas Newsletter & Live Trade Setups Forum -Click Here For More Info.Nials,you will have a natural guard against over-trading,the world would be a better place than it is now.I love your forex lesson tutorials ,by moving your focus to the more reliable daily chart,keep posting these up,trading success is defined by consistency,thanksThis information youre dishing out for free is highly useful and worth more than a million thanks. More grease to your elbow.to Trading Community at large.Please keep it up.The Holy Grail Of Forex Trading Strategies Daily Chart Time framesLike a true GENTLEMAN .
I have found that the 6 hour seems to have pretty accurate and smooth information. going down to 4 hour chart
Thanks for helping me to refocus..
Heres My Daily Trading Routine That Ive Used For 10+ Years
6 Types Of Tailed Bar Candlestick Trading Strategies
See 15 Minute Chart Image Below, This Is An Example of what I call Market Noise.
I am beginner trader aleady a lot of trying to read and comment on the site that I found , but this is the best thing to learn . thanks for the master Nial Fuller is very helpful for me , I will continue to learn do analysis ,and I beg for his referralsbeginner traders like me ..
In the past I have traded lower time frames for the reason stated by others larger stop loss required on the daily chart. However, I think that what you say is quite right and I am going to trade the daily charts even if it means trading about 10p per pip. It doesnt seem unreasonable to aim for 15% per month return and compounding a starting pot of 500 and achieving this target would give 2,675 at the end of year 1 and 14,300 at the end of year 2. After that you are really starting to make money. Patience is a virtue!
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Hi Nial, what a difference makes to be on a daily chart much clearer thank you for the info.
Perform This Trading Experiment Learn A Life-Changing Lesson
Truly I support your idea on time frames. There is more precision on the daily time frame. I really enjoyed your article.
Why Trading The Daily Charts Will Improve Your Trading Results
Thank you for the link to this great article!! I am sooo grateful I could finally find out why Ive been
Pick The Perfect Trade Entry Point For Lower Risk Higher Reward
The 7 Types of Support and Resistance You Need to Know
I WOULD LOVE TO HEAR YOUR THOUGHTS, PLEASE LEAVE A COMMENT BELOW 🙂
I feel at ease after reading this article thank u sir.
If anyone is on the fence and considering joining LTTTM , you are missing out big!
Nail nice explanation and good course thankq so much of this valueble courses.
See Daily Chart Image Below, This Is An Example of what I call Clean Chart.
3 Trading Strategies I Would Take to A Desert Island
i think this particular post was actually ment for me,because i find myself to be a victim of all you just mentioned and really want to appreciate you for your goodworks, pls keep it up.
thanks alot for this insightful ideals about the 4hour and daily time frame setup.its like have just being given an expo.
this is counter-productive and simply a huge waste of time. You want totrade like a sniper and not a machine gunner;keep the fire burning,000usd. I study the dailies but look to trade the 4 hr or 2 hr because of this. In general terms I would say to trade 1 lot requires 25k usd a/c size to practise good MM. I would also say a lot of newbies fail because they do not practise MM and they are generally under capitalised. Any veiws on this welcome?Nial you are a true friend,this is what it means to have discovered you.Big lesson here Nial,but the charts are much clearer.what do you suggest.My challenge is how to identify where to enter the market and place a trade.Then we can not play anymore ???? Every month i can eat with price action strategy.God bless youNial has opened our eyes to so many aha moments.
me for over four years. Too few numbers of trades can be a problem, too though
Thanks nial..as always you have posted another piece of invaluable information to traders. Thanks again!
Thank you for guiding us Nial.You are a great help in our trading!!!
The 30-Minute Trading Routine For Busy People
• Fear of placing trades You feel un-confident about which trades to take and which to pass on, this results in you getting stage fright and not trading at all, thus missing out on some good opportunities.
The Weekend Forex Traders Lifestyle (How Why It Works)
Hi! I was searching for educational sources to learn Price Action, and very lucky to study your free but priceless courses. Thank you so much for your great work! I am sure that a lot of traders are prying for your health and well being, and really appreciate your good-works, please keep it up!
• Addiction to Trading This one is pretty simple; traders seem to think that by looking at lower time frames they are somehow getting a more accurate view of the market, simply because more data is coming their way. Well, they are right that they are getting more data, but they are wrong that they are getting a more accurate view of the market.Simply put, not every move in the market is significant; in fact, there are a lot of useless price formations and price action setups on small time frames, simply as a result of the nature of the markets.We have to move up to higher time frames like the daily chart to see what all the movement on the lower time frames actually means.
Thanks! you are great and superb article and from now i will more keep an eye on daily charts.
I feel lucky that i do not look for shorter time frame. I have not experience that may be in the future.I will see. Diary fit my personality and i can combined with work really well. Set and forget.
There are good signals on lower time frames like the 4hr and 1hr chart, but you need to master the daily chart before you can have any chance at successfully trading the time frames below it. Also, I never trade or look at any time frames under the 1hr as my years in the markets have proved to me that these time frames are totally counter-productive due to the inherent noise they contain and confusion they induce. There are many false signals on lower time frames and so you have to know how to properly trade the daily charts before you can understand how to properly trade the lower time frames. Also, once you start the ball rolling ofover trading in Forex, it becomes an emotional roller coaster that is very hard to detect and stop.
Thanks again Nial for another one of your GENIUS price action lessons! Youve really helped in tranforming my trading phychology and skills 100 fold! God bless you!
When I trade daily time frame charts it seems I almost always get stopped out over night. Is there a way to not get stopped out as often.The market seems to move a lot while I sleep. Usually over 75-100 pips.
Thank you Nial, You are a Hero here in Germany, a godsend for forex traders, your lessons and insight are so inspiring and life changing. Amazing lesson today for any trader. I agree with you, these daily charts are simple and clean, easy to understand.
youre information is seriously motivating me to the extent that am yet now to forex trading market. Keep helping us.Why Trading The Daily Charts Will Improve Your Trading ResultsThe Difference Between Price Action Event Zones and Support Resistance LevelsI know what you mean about getting a clearer more accurate picture,thanking you sincerely for your hard work and all your knowledge,thanks for a great article,day in day out. Who wants to do that?• Over-trading Daily charts help inhibit over trading because you get fewer signals but they are more accurate. Most traders over-trade from focusing on lower time frames. Thus,and anything else they can get their hands on that they erroneously believe will give them more insight into the future track of the market. The problem with this thinking is that ALL variables are ultimately reflected via the simple and natural price movement of a price chart. The daily chart gives us the most pertinent view of the market in my opinion,would not be long before many brokers who go bankrupt and close?This is just like you are sitting behind me and watching everything. everything you have described is 100% accurate without any doubt.Mike,2013Hi Nial.
Please Share this post with other traders and leave a comment below if you liked it.
Very intersting & knowledgeable. Earlier I was also trading in lower time frames but since a fews days ago, I swiched to daily, 4 h & 1 h. But since I cant put big stop loss, I find setups on LTF on the basis of HTFs.
100 or 200 to 1 is usually the starting point for most traders, as your account grows its best to lower leverage.
• Fear of placing trades When you are inundated by a vast amount of market data from news sources and numerous different chart time frames, you are naturally going to self-impose a certain amount of indecision and doubt into your trading. Also, when you do not have a trading strategy mastered likeprice action tradingon the daily charts, you are naturally going to be more confused and thus less confident than you otherwise would be. In essence, you want to limit the number of variables you use to make your trading decisions in the market, because there are essentially an unlimited amount of variables that traders can confuse themselves with. Not focusing on the daily charts as your primary technical analysis time frame usually leads to confusion, indecision, and ultimately fear.
How to Trade Long Tailed Pin Bar Signals on Daily Charts
thanks for a great article. Especially last few days I tried to analyze market and movements due market data and it was very confusing . Price action and your consistent educational articles really helps to improve my results.Sometimes in life you search for answers to problems without success and suddenly wham!thus it makes your trading more effective and consistent over the long-term due to the increased reliability of the signals. Remember,so if you are not focusing mainly on the daily chart,you will be less likely to get addicted to staring at your charts and analyzing the market. People become addicted to lower time frames and watching the price movement,pl.tell which provides best forex chart.Thanks Nial. Your articles continue to curve my trading skills. Thanks for sharing your views relating to noise on shorter time frames versus the daily chart.To much lower time frame,it is unbelieveable.A great article. Am happy I came across this great site by Nial Fuller.This is exactly what I needed as a new traderTIME: The Single Most Overlooked Component Of TradingHope you are well. Thank you again for another priceless lesson.If there is anything like the absolute truth about Forex Trading it is to be sought in these words of Nial. Read this over and again fellows and dont overtrade.I will be glad if you can throw more light. on market entry strategyso I need more signals!Ask Yourself These 10 QuestionsIn all,day schedules are force!just adjust your position size.
• Trading inconsistently You have some good weeks and then some very bad weeks that erase your good weeks.
If you understand position sizing you can trade with any stop loss distance. See article here on trade position sizing and money management
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. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
• Over-trading Trading too much due to a number of reasons; greed, indecision, no trading plan etc.
Nial, bless your heart. well said on daily chart.ive been improved my traders since you showed to us this way. thanks.
Look, man, I am addicted and glued with your site daily. Kudos!
First, Thank you for sharing your knowledge and experience Nial. Youre a Great man. Initially when I began to trade I followed your simple steps and strategy that gave winning trades. After that, everything that you say in this article did happened when I switched my attention to lower time frames and in the losing end. I used to watch your tutorial again and again to refresh myself. But now Im confident with my trades.Well said and thank you again. God bless
thanks very much for your articles. very insightful and educative.
I am totally new to fx and your article are easy to understand.
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Many traders simply lose sight of the fact that higher time frames are more accurate and so they spend countless hours analyzing and checking their trades. Eventually they are so preoccupied with their trading that they are checking intra-day charts at work and constantly thinking about the markets. This is what happens when you dont put the majority of your focus on the smoothed-out and more relevant view of the daily charts.
Thank you sir, after i read your great lessons i realized my trade are over trading. Now i want to strat using daily chart. Once again thank you
• Addiction to trading You find yourself preoccupied with the market and with your trades all the time, its starting to affect your work life and your family life, all the while you are still losing money. You wonder why you are losing money while pumping so much time into your trading.
• Over-analyzing You find yourself spending hours upon hours looking at numerous time frames and 20 different currency pairs. Eventually, you get tired and decide to enter a trade for no solid reason besides the fact that you have confused yourself to the point of exhaustion.
uereka moment,this is of benefit especially to me.How To Use 1 4 hour Chart Time-Frames to Confirm Daily Chart SignalsForex Trading Commentary,man!as I am improving every day. You are such a genius trader who know and understand the language of forex business. Your articles are reliable and problem-solving. Thanks Nial here once again. I have looked around internet and found no other better forex site like yours. You make me feel a kind of real confidence in me and I am now seen future success in my trading career. Your article and design of your site isevergreen,rather than trying to analyze and make sense out of each little tick of the lower time frames.Great article!Am so happy to have found this site.very educative articles.God bless you for the good job.Thanks Nial your articles are always helpful thanks so muchNial Fullers Price Action Trading Course,Nial Fulleris a Professional Trader,etc..• Trading inconsistently All trading signals are stronger and clearer on daily charts than on time frames below,thanks for your great course & community for all of us price action traders,and because the New York trading session is the second biggest behind London in Forex trading volume,i am getting great value from your course and lessons.
This has really helped me having issues like this lost hundreds thanks to you my mentor
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Thanks Niall. One of the most sensible advice I have come across on the web. Good advice. Cheers.
As I am a member of your great website; do you agree that drawing support and resistance lines depending on closing price are more effective than using highs and lows of prices?
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Sir nail,this article is so good. you said why most traders fail to make money is because they are stuck in a cycle of over-analyzing and over-trading on lower time frame charts
but i also find a problem with stop loss being too big on daily charts,000+ followers and he has taught 25,never give up,really ur a great tutur ur selfless by publishing such article,am soo much grateful about the course you are undertaking us throughBIGGEST gain for me personally? Getting my LIFE back?
My Prof.,Thank you once more for your passion to be a good daily trader and a GOOD TEACHER to us. There is no disputing your lesson, there are the seed of harvests that we need.
what is the most suitable leverage for a beginner on a daily timeframe.
These little reminders are invaluable as it is so easy to stray from the proven path.
but, i truly feel that highs and lows of candles being lined up is most obvious.
Nial Fuller is a professional trader, author & coach who is considered The Authority onPrice Action 2016, Nial won the Million DollarTrader Competition. He has a monthly readership of 250,000 traders and has taught over 20,000 students.Read More
Finally, I dont expect you to take my word for any of this, instead, go look at the daily charts for yourself, draw in the horizontal support and resistance levels and learn to spot theprice action strategiesthat I teach. I feel very passionate about focusing on the daily charts, but I challenge you to prove to yourself why it is the best time frame to trade. One of the main reasons why most traders fail to make money is because they are stuck in a cycle of over-analyzing and over-trading on lower time frame charts. If you want to fast-forward your learning curve and learn to trade effectively as quickly as possible, check out myprice action trading course hereand learn more about daily chart trading with simple yet effective price action strategies.
Im a newbie and started trading on the 5 min charts trying so hard and feeling anxious because of the timing of entry/ exit. Since reading your material I now realise I have to change and follow your sound basic fundamentals.
I cant tell you how many hours Ive invested staring at screens and wasting precious time away from my family. Sad thing isHOW is the world can I teach my kids how to trade for a living when all they see is me stuck to a screen,technical data,to be sincere here,Daily time frame gives clear market picture and helpful in making a trading decision.inForex Trading Strategies By Nial FullerPosted on April 15th,since starting to trade the daily timeframe charts everything has become clearer for me. thanks always. LindaThanks Nial,and if you want to have a steadily increasing equity curve you will need to slow-down your trading activity and learn to analyze the market from the more pertinent perspective that the daily charts provide.An Introduction To Trading Inside Bar SignalsListen To The Markets Hidden Message On Your ChartsThanks Nial,too much analyzing,Nial won the Million DollarTrader Competition.Checkout Nials ProfessionalTrading Course here.If any trader winning every week/month with your method,thank you kind sir.The Most Profitable Markets I Trade Why• Addiction to trading Once you accept that all trading signals are stronger and more significant on the daily charts than any time frame below,Mr Nial. This article is very informative and priceless.Before You Place Your Next Trade,and in only the last 2 3 years I have gone to higher timeframes with great success and just price action!wider stops DO NOT mean more risk,thanks you once again for your wealth on knowledge. Ive been trading for the last 5 years,!the daily charts give you this ability.I have the same problem you mentioned about those trading lower time frames,Nial. Youre helping to change alot of lives and create many profitable traders. Ill always be thankful that I found myself learning from you early in my Forex career.• Over-analyzing Many traders spend hours upon hours analyzing fundamental data,Why Trading End-of-Day Strategies Will Improve Your Resultshi nial,four of the troubles are hauntingI have practiced to trade FX in daily chart for months and I can say that my balance stay in positive since then. Very good sharing.Very nice article nial I really appreciate the advice u give to me n othersa level is relevant on both highs and lows,thanks for your studyThanks so much for your educative lessons on forex. Pls how can we get charts that closes at 5pm newyork time?Nial Fullers Price Action Forex Trading Course. Learn Advanced Price Action Strategies & High Probability Trade Entry Signals That WorkWow. These comments say it all,Trade Ideas & Signals by Nial FullerMr Nial,
Thanks big man, youre information is really motivating me to start up trading with the forex market.
just trade less contracts. I would avoid lower time frames.Super article!Thank you,000+ students since 2008. In 2016,that is assuming you are disciplined enough to only trade obvious signals on the daily chart that you have mastered previously bymastering one Forex trading strategy at a time.Once again you hit the nail on the head of many inexperienced traders.(like myself).Your email address will not be published.Required fields are marked*Great trading everyone and Happy and prosperous 2017Great article ill try out the daily charts so i dont have to keep an eye on the markets all the timeThanks so much for this educative post. I really appreciate every words. As i feel this post is meant for me.Hello boss,you are probably spending too much time on other less-pertinent market variables that are only going to confuse you and cause you to enter trades that are based more on guessing than on sound price action trading logic of the daily chart.I agree the daily charts are best to trade. However it is also important to practise good money management. I dont like to risk more than 2% / trade. To trade on the dailies where the stoploss can be up to say 140+ pips from entry means you need a large trading account size say 40.
I will reposition myself to higher time frame.Thanks a million for the lecture.
Thanks so much for your website Nial. It is really helping me to fill in some holes in my trading.
Of course your opinion mattersYOUre the one thats successful and have proven that simplicity in trading is the key to longevity and consistency in the markets. DAILY charts (4HR) are the only TFs Ill trade. They DO reduce noise and market chatter + the reliability of signal is very high & profitable.
I know in my heart you are right, the only problem I have is identifying a reasonable (tight?) stop loss position. A comment on this aspect would be welcome.
i really love this set up call price action, it is the best thing strategy i have learn in forex. thks fuller
hello dear nail ,thanks alot for this lesson you said the fact, please keep it up i am still finding it difficult to draw the accurate holizontal line
Thank you for this post. After reading it I then realized my mistake or rather mistakes Ive been making. I then opened a trade and I made 100pips for the 1st time since I started trading. So thank you for such a helpful article. I wish I saw it earlier
I am a new and very happy member of your forex course and forums , just saying Gday back to you from Texas USA
• Over-trading When you look at every time frame available to you, you are naturally going to find more signals. However, signals on the lower time frames are naturally less reliable than signals on the daily chart because the daily chart works to smooth out the noise and randomness that can occur on time frames below it, thus showing you a more accurate picture of the market. This means you will trade less on the daily chart, but the trades you do take will naturally be higher-probability. So, in essence, you lose quantity, but you gain quality when trading the daily charts, not a bad trade-off when you consider your hard-earned cash is at stake.
Realistically, if you only trade daily charts, how many trades would/could you do monthly?
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. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Dont trade with money you cant afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfds, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
What a great lesson. Thank u very much Mr Nial.and Your all lessons are very great full.
Hi Nail realize now that i must master the higher Daily time frame, been using lower frames, what a failure. Thanks for the valuable lessons you provide to help one focus.
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Nial, Your are just Greatand no any other words to describe.your serviceyou are simple Great
As a newbie its true that the daily price chart is more easy for me to understand than the lower time frame charts.Thanks
its very important to see this closing settlement at the New York close instead of at some other more arbitrary time.CHRISTMAS SPECIAL: Get 50% Off Life-Time Access To:going through many problems when trading. Except over-trading,it really has helped me and changed the way I trade. I loved this article,but the problem with