Without fail, every day somebody emails me asking questions about my NickB Method 2018 edition eBook. While the eBook is still amazingly popular and brings a lot of people to forex4noobs… I wish I had never written it.
The problem with eBooks is that once they are written they cannot be updated. All you can do is release a new version. This is why I stopped writing eBooks and instead started sharing my strategy via this web page. At least with this web page I am able to update it as I update my strategy.
What’s Wrong With The eBook?
Forex market was a lot more volatile than it is now. GBP/JPY would range 284 pips per day, on average, compared to the 2012 average of 115 pips. EUR/USD in 2009 ranged an average of 170 pips per day compared to the 2012 average of 90 pips.
The eBook was written to suit trading in the most volatile period the Forex market had seen in over twelve years. These days, the market has changed. Over the last few years, I have had to adapt my strategy to suit less volatile conditions.
This means the 2010 edition of my free strategy is no longer valid…
Has The Strategy Changed?
No! My strategy is essentially the same. I just adapted it at the end of 2010 to work more efficiently in current market conditions. The most noticeable adjustment is that I no longer trade trend continuations. These days I only trade reversals.
Why?
Well, back in 2009 GBP/JPY could move 600 pips in a few hours. Those kind of moves lend themselves well to trend continuation strategies. These days it takes weeks for GBP/JPY to move 600 pips so, trading reversals has become safer and more efficient. GBP/JPY is the most extreme example but even EUR/USD used to move 200 or 300 pips in a matter of hours. These days you would be lucky to see a 300 pip range in a week from EUR/USD.
Where is My Updated Strategy?
You can access my strategy for free in the Forex Price Action strategy section.
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