We formulate the dynamics of nonlinear optical Fabry-Perot (FB) cavities in terms of a model in which only one of the two counter-propagating electric field envelopes appear. Thus, the model is simpler than the standard ones but still exact. The field envelope which propagates in the opposite direction is expressed in a very simple way in terms of the envelope that appears in the model. Thus we generalize in the simplest way to the FB case the set of Maxwell-Bloch equations for the ring cavity. The boundary condition for the field envelope that appears in the model is a simple periodicity condition. This feature allows for expanding the variables of the model in terms of traveling waves instead of standing waves as it is customary...