Price Action Forex Trading

Currently Taking Clients For My New Money Manager

December 5, 2018May 1, 2019Rob Taylor

Let me introduce Jim.

Jim is one of my top traders and is now available to clients for money management services.

Jim has been trading his own small account for a number of years.

He is a very professional and disciplined trader and is now ready to make the move to the management of client funds.

His record is outstanding as you can see by his MyFxBook statement below.

He has managed to achieve over 500% return with just 17% drawdown.

The minimum investment for his services is £50,000 GBP or equivalent.

For more information please email me at rob@priceactionforextrading.co.uk

3 Day Intensive Live Forex Training. 1 Spot Available.

October 26, 2018Rob Taylor

I am running a 3-day intensive live Forex training course starting Monday the 12th of November.

I have one spot available.

The course is suitable for new or experienced traders.

The course is 15 hours spread over 3 days, and will be delivered live at my trading room in Shrewsbury.

The cost of the course is £4995. The price includes accommodation for 3 nights, and lunch for 3 days.

Also included in the price is lifetime access to “earn while you learn” and the live trading room.

As I said I have only one spot available so it will be allocated on a first come first served basis.

Any questions please drop me an email or give me a call.

Trading Update. I Was In The Groove This Week. I Was In The Shit Last Week.

August 18, 2018August 18, 2018Rob Taylor

This time of year is a notoriously tricky time of year for traders. August is holiday time and a lot of the big guys are taking a break. Liquidity around this time of year is generally a lot thinner and the market can become a bit unpredictable. Good trades are thin on the ground at this time so you sometimes have to look at the more volatile pairs to get your pips.

Now the strategies I teach work on all pairs, at any time of the day or night. So based on that logic, I decided to trade the most volatile pair I could find to get some pips in the bank. Now if you have been trading the last 2 to 3 weeks you are fully aware of the most volatile pair, and you know what I am going to say next. Turkish Lira. Now I’m not a religious man, but oh my god.

Turkish Lira is not a pair I normally trade, but it was moving around nice so I thought I would trade it. First few days of last week were good. I was making some good trades and getting pips in the bank. And then the shit hit the fan. I got stuck in a short trade and the pair took off.

Now I don’t generally panic where trading is concerned as I am very good at what I do and my strategies are very reliable, but the way this pair was moving was complete madness and I had to pull the plug on the trade.

I’m not going to go into detail about why it was doing what it was doing, but it was not playing by my rules so I had to get out of the trade with a devastating 362 pip loss. 🙁

In hindsight, it was a good move to take the hit, as the Turkish Lira depreciated another couple of 1000 pips from where I got out of it. It was not the best decision I have ever made to trade that pair with the political situation in Turkey, so I deserved what I got really.

I Can’t Remember The Last Time I Had A Losing Week.

Now I really can’t remember that last time I had a losing week in the markets but last week was one of those weeks, and it was a very sobering experience for me. I managed to get back about 150 pips on other pairs, but I was still down over 200 pips on the week overall.

Now the reason I don’t generally talk about losing trades and losing weeks is not that I don’t want to share losing trades with you, for fear of putting you off taking my course. It’s just the fact that I rarely have them. I was looking at my stats today and that Turkish Lira trade broke a run of 262 winning trades in a row. In the last 6 months, I have had 8 losing trades from 433.

You may think that’s bullshit but it’s not. If you are a retail trader you would probably be happy with half a dozen winning trades in a row. I know that because that’s what I would have been happy with when I was a retail trader. But as I say on my site all the time, professional traders trade in a completely different way to retail traders. Now I would be hard pressed to find another professional trader with those stats but they are 100% true.

Coming Back From A Losing Week.

Now after taking that loss on TL and having my first losing week in a very long time I was obviously very depressed come Monday morning. But like all professional traders, you have to put your emotions aside and get on with the job in hand. And the job in hand was to knock it out of the park this week, and I did just that.

This week I took 29 trades with 29 winners and banked a total of 539 pips. As you can imagine I am very happy with that performance. To come back so strong after a big kick in the nuts last week was very satisfying, to say the least. I could have had a lot more but I closed a few trades early yesterday and missed a bit of the Yen weakness late on. I probably gave up over a 100 pips by closing those trades early, but even so a cracking week of pips.

Do You Want To Take Advantage Of The Best 3 Months Of The Year?

The 3 best trading months of the year for professional traders are September October and November. So if you are a retail trader and you want to take advantage of all the pips we will be making in the next 3 months by copying my trades, then please consider enroling on one of my training courses. You can find more information here.

Thanks for visiting my blog have a great day. 🙂

The Importance Of A Clearly Defined Strategy For Forex Trading.

June 27, 2018June 27, 2018Rob Taylor

I was prompted to write this article after a conversation I had with a trader yesterday. He came to me as he was considering taking my training course, but he told me he was already receiving training and mentoring from another “professional trader” but he was struggling to make money in the markets and could not work out whether price was going up or down.

After talking to him for a while it was very clear to me that he did not have a clear strategy for entering and exiting the market. Which I found very odd since all professional traders have clearly defined, tried and tested, profitable trading strategies for entering and exiting the market. So the question needs to be asked, is this guy who is training and mentoring him really a professional trader, or a con man that calls himself a professional trader?

Now, most people don’t mind wasting a couple of 100 bucks on wannabe professional traders that sell training courses, but this guys course was almost $3000, which by most standards is a lot of money to waste on someone that claims to be a professional trader, but does not have a clearly defined profitable trading strategy.

So if you are considering another “professional trader” other than myself then please do yourself a favor and ask them these questions.

1. Do you have a clearly defined strategy for entering and exiting the market?
2. Is the strategy a professional trading strategy? (Most of them will struggle here because they don’t know the difference between a professional trading strategy and a retail one).
3. Is the strategy a profitable strategy in all market conditions?
4. Can the strategy be backtested over at least a 10 year period, and is the strategy a profitable strategy over that period?
5. Can the strategy be traded on any pair?
6. Does the strategy work on all timeframes from the one minute to the monthly?
7. Can the strategy be traded at any time of the day or night?

If you do not get a clear YES to all of those questions then move on.

Any Forex trading strategy should meet all of the above criteria. If you do not get a yes to all of those questions then please consider spending your hard earned money somewhere else, because the so-called professional trader is selling you the same retail trading rubbish that you can get on YouTube for free.

The Forex training business is full of con men, do not fall victim to these parasites.

Thanks for visiting have a great day. 🙂

Trading Update. 17 Trades 17 Winners 461.7 pips.

June 24, 2018June 24, 2018Rob Taylor

I have not done a weekly trading update for a long time so I thought I would share last weeks trades with you. There are a few of what I call breakeven trades which are trades that only yield a few pips. But as you can see from the list below I had 17 trades with 17 winners and a total pip count of 461.7.

All these trades can be verified with a trading statement if required. Just drop me an email if you want to see the trading statement.

Sold GBP YPY at 14698.8. Closed at 14544.4. Profit 154.4 pips.
Sold GBP USD at 13260.9. Closed at 13210.8. Profit 50.1 pips.
Sold USD CAD at 13227.8. Closed at 13197.7. Profit 30.1 pips.
Bought AUD JPY at 81.193. Closed at 81.231. Profit 3.8 pips.
Bought AUD JPY at 81.918. Closed at 82.036. Profit 11.8 pips.
Bought AUD USD at 0.73957. Closed at 0.74030. Profit 7.3 pips.
Bought GBP JPY at 14479.4. Closed at 14501.6. Profit 22.2 pips.
Bought GBP JPY at 14463.2. Closed at 14503.6. Profit 40.4 pips.
Bought CAD JPY at 82.825. Closed at 83.175. Profit of 35 pips.
Bought AUD USD at 0.73900. Closed at 0.73931. Profit 3.1 pips.
Sold USD CAD at 1.32920. Closed at 1.32880. Profit 4 pips.
Bought GBP JPY at 14475.1. Closed at 14478.1. Profit 3 pips.
Sold USD CAD at 1.33245. Closed at 1.333143. Profit 10.2 pips.
Bought CAD JPY at 82.692. Closed at 82.879. Profit of 18.7 pips.
Sold GBP USD at 13281.1. Closed at 13278.6. Profit 2.5 pips.
Sold EUR USD at 1.16662. Closed at 1.16395. Profit of 26.7 pips.
Bought CAD JPY at 82.384. Closed at 82.768. Profit of 38.4 pips.

Total pips for the week. 461.7.

If you are struggling with your trading and want to get similar results to these please then consider one of my Forex training courses. Thanks for visiting. Have a great day.

New Student Trading Statement. Profitable After Just A Few Lessons.

June 8, 2018Rob Taylor

One of my new recruits has been so kind as to share his trading statement with us.

Tristan had never traded prior to coming on board with me, and he is trading profitably after just a few weeks of training.

He has encouraged me to put his statement on the website to show other struggling traders that it is possible to trade successfully after just a few lessons with me.

Yes, he has had some losses, but he is still learning his craft, and yes there are some open trades that are currently in drawdown, but again he is still learning.

I want to thank Tristan for sharing this statement. It’s not perfect but its real. And it shows you that you do not have to have a large trading account to make profits from the Forex market if you are given the correct education.

Tristan is growing his account steadily and safely. To see the statement please click on the link. DetailedStatement.tristan

Changes To Forex Training Courses.

April 8, 2018April 8, 2018Rob Taylor

I have made some changes to my Forex training courses. The 20 and the 40 hour courses have been changed to 15 and 30 hours. The new prices are £4995 for the 15 hour course, and £9995 for the 30 hour course.

These changes reflect a more streamlined course structure and added bonuses.

The learn to trade in 5 days course, and the learn to scalp in 5 days course have been repriced at £1750 from £1500, as myself and many students feel that £1500 is far too cheap for what im giving you.

I am in the process of changing the pricing throughout the site but i will no doubt miss some old pages. So if you find any of the old prices please let me know what page its on and I will give you the old price as a thank you for letting me know.

The earn while you learn option that was available for an additional £1000 is now FREE to all students that take the 15 or the 30 hour course. Membership of the live trading room is also FREE to those students.

Changes are effective immediately.

Can You Really Teach Yourself To Trade?

April 7, 2018April 7, 2018Rob Taylor

The early years of trading.

When I first started out on my journey as a trader I did not have the option of paying a professional trader to teach me how to trade.

When I started trading equities over 30 years ago there was no internet, there were no charts. I had to make my own charts by taking the prices from the financial times. I had to call my broker when I wanted to place a trade. Trading was very different back then.

Trading back then was very much for the privileged few, people that had friends or family members that worked in the city that could get them in, and teach them how to trade. I did not know anyone in the city, so the only option available to me was to teach myself.

Trading in the 21st century.

The options available today for people that want to get into trading are many. There are 1000 of brokers and trading educators that you can choose from to help you get started. There are 1000 of youtube videos for you to watch, with 100s of different strategies. The trading world is your oyster and making your millions is just a mouse click away.

So why is it so bloody difficult to make money?

The challenges for retail traders today.

The problem retail traders have today that I did not have is bad education. Retail traders are constantly bombarded with bad education. This comes in many forms. YouTube videos, charlatan training companies, trading forums, social trading websites etc. I did not have to deal with any of that.

So rather than listening to a bad education, I studied charts. All the information you need to make you successful is within the chart, you just have to know what to look for. And the problem is, retail traders don’t know what they are looking for, and the really sad part is they think they do.

Retail traders are so bombarded and brainwashed with a bad education, they think they know how to read the chart when they really don’t. They think they understand how the market works when they really don’t. They are constantly blaming themselves for not having the correct psychology when the truth is they do not have the correct understanding of the market.

The solution to the problem.

Well, there really are 2 solutions to the problem.

Solution 1 is to ignore all of the bad education that is out there and concentrate on chart study.

So how much chart study do you need?

Well, I have been trading Forex for 14 years. I generally trade up to 12 hours per day 5 days per week. That’s a total of 42,000 hours. So I have done a lot of chart study. It probably took me around 3 years before I became consistently profitable, but that still almost 10,000 hours of chart study.

So are you prepared to spend at least 10,000 hours over the next 3 4 or 5 years to teach yourself to trade?

If not you need to consider solution 2. And that is to pay me to teach you how to trade.

Within 5 days you can be trading with a strategy that will make you more money in the Forex market than you ever thought was possible. You don’t need to spend 10,000 hours and years of your life teaching yourself. Yes, its very satisfying to say that you are self-taught, but whats more important, telling someone you are self-taught or making money. I know whats more important to me, and its making money.

So back to the question. Can you really teach yourself to trade? Yes, you can, as I have done it, but do you really want to?

Thanks for visiting my site, have a great day. 🙂

The Importance Of Getting Forex Training From A Professional Trader.

February 23, 2018April 7, 2018Rob Taylor

I tell you what really pisses me off. Forex training providers that are taking peoples money and not delivering what they promise.

Like many people I speak to, you may have paid for a Forex training course that has promised to teach you how to become successful but has failed to deliver on that promise.

I was prompted to write this article by someone that contacted me this week, who had paid many 1000’s of pounds for a Forex training course in London that promised to teach him how to trade. When he told me his story I felt sick and very angry to think that he had been conned by this so-called trading academy.

Why are these companies allowed to still be in business when they are teaching people the same old crap that you can get on YouTube for free. It really is past a joke now, something needs to be done to stop these companies taking money from people with false promises.

Some of the largest training companies are the biggest culprits here. There needs to be some regulation in place to stop these people from churning out this crap and taking peoples money.

Ok, rant over.

If you have been a victim of these con men I would like you to email me and tell me your story.
I will not publish or divulge any of the information you share with me, everything will be confidential.

The value of professional training.

You cannot put a price on the value of getting professional Forex training from a professional Forex trader. Everyone I teach is blown away by the quality of the education I give them. It gives me great satisfaction to know that.

One guy I was teaching this week who had been trading almost 10 years, said, after his first lesson with me he just sat there dumbfounded by what I had just taught him. Almost 10 years he had been following retail trading strategies without success, and now he’s on his way to trading with professional trading strategies that do actually work.

People say why do you teach? I say because of the reaction I get from my students when I tell them everything you have been doing for the last 10 years was wrong, and this is what you should have been doing.

Thanks for visiting my site. Have a great weekend.

Will 2018 Be Another Losing Year For You?

February 3, 2018April 7, 2018Rob Taylor

Einstein once said that the definition of madness is doing the same things over and over again and expecting different results.

So will 2018 be your year for Forex trading success? Not if you are doing the same things that you were doing in 2017 it won’t.

Less than 5% of retail traders consistently make money in the market. Why?

Retail trading strategies don’t work, its as simple as that.

What do I mean by a retail trading strategy? A retail trading strategy is any strategy that uses beliefs about the market that are incorrect. Beliefs that are built up by years of watching YouTube video’s and visiting sites like Forex Factory and Baby Pips.

Retail traders do not understand how professional traders trade. Despite all the so-called Forex gurus that claim to be able to teach you how to trade price action, or teach you how to trade order flow, or teach you how the big banks trade, or teach you how the institutional traders trade, retail traders are still in the dark about what really goes on in the Forex market.

The big banks do not trade how you think they trade, the institutional traders do not trade how you think they trade, professional traders do not trade how you think they trade.

Why are you doing the same things over and over again?

Because you don’t know any different that’s why. You have been brainwashed by charlatan educators who claim that they know what they are talking about when they don’t. You have taken too many courses for a few 100 bucks, and you think you know how to read a chart, but you don’t.

If you don’t know that you are doing it wrong then you cant change it. But trust me if you are losing money in the markets then you are doing it wrong, and you need to change what you are doing.

Thank you for visiting my site, but don’t go just yet.

How ever you may have reached my site today I would like to thank you for visiting, but before you click away just stop for one second and listen to this. This is a pivotal moment in your Forex trading career. If you read some of the articles on my site and click away then you have just missed an incredible opportunity to find out what you have been searching for your whole trading career. How the Forex market really works.

I am a real life professional trader. I have been where you are now, I have done what you are doing now. And now I am prepared to share all of my years of knowledge and experience with you, to enable you to change the way you look at the market forever. I don’t just claim to know what I am talking about. I actually do know what I am talking about, and I prove it to my students day in and day out in my live trading room.

Free access to my earn while you learn and my live trading room.

So here is an offer you can’t refuse. Just to prove to all the doubters out there that I am the real deal I am going to put my money where my mouth is. For all traders who enroll for my 15 or 30-hour course this month, I am going to give you free access to my live trading room, and my earn while you learn offer, for life. That is a saving of £1000.

Why am I doing this? Because the feedback that I have been getting from students that are in the live trading room is amazing, and I feel that everyone that takes my 15 or 30-hour course should have the benefit of the trading room, as it really does transform the way you look at the market and turbocharges your learning.

So now you have no excuses. Make 2018 the year that you do something different. Make 2018 the year that you finally realize your dream of becoming a successful trader. Make 2018 the year that you get a proper trading education from a real trader that makes his money from trading, not from training.

For more information on my Forex trading course please click here.

Thanks for visiting, and remember this is a pivotal moment in your Forex trading career, are you going to click away, or are you going to contact me and see what I have to say?

Professional Forex Trading "Live" With Rob Taylor