Forex Price Action – Intraday Breakout Pullback Setup

Here is an intraday forex price action setup I took, showing the result from my brokers chart (chart below), whereby I explain the entry, exit, stop, limit and price action analysis of why I took the trade.

intraday price action with trend pullback setup chris capre 2ndskiesforex.com

For those wanting to learn to trade price action, access to the traders forum, lifetime membership & more, visit my Price Action Course page here.

Buddhist, Trader and Philanthropist

Chris Capre, Founder of 2ndSkiesForex, is a professional trader who specializes in trading price action. His blog attracts 150,000+ monthly readers across 110+ countries, including; Australia, USA, Singapore, UK, Canada, & Germany. To discover more about Chris’s Price Action Strategies, visit his Price Action Course page.

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Discussion

9 Comments on the article

  • Adebisi Jamiu - October 30, 2012 3:28 am

    Nice trade i so much appreciate your support. But i saw an arrow at the sell entry and sell exit, how about it

    Thanks a lot you have been a great help to me in forex trading

    • Chris Capre - October 30, 2012 3:58 am

      Hello Adebisi,

      Am glad you are finding these articles and videos helpful.

      In regards to the arrows, yes, the top arrow is a sell order where I got in, and the bottom arrow is where I exited so hopefully that clarifies it.

      Kind Regards,
      Chris

  • TasosK - October 30, 2012 5:20 am

    Hi Chris,

    Excellent video! As I have mentioned many times, the fact that makes you a unique mentor in the FX Trading industry is that you explain step-by-step your thoughts and the way you read the charts. And all these free of charge! So, having paid a minimal amount for the Price Action course of yours is the least I could do money-wise to pay off a small fraction of your givingness. Pleaseeeeeee continue to give us your lights esp. through videos!!! Thank you and kind regards, Tasos

  • Michael - October 31, 2012 6:51 am

    Could this have been taken as a BR trade with PA bouncing off the 20ema also Chris and/or the BR factor could just be used as extra confluence?

    Great video!

    Thanks.

  • Eklavya - November 8, 2012 11:51 pm

    very informative & educational.
    Nice to hear from you sir.
    Hope to fear more from you.
    thanks

  • Max - July 10, 2013 11:21 am

    Nice explanation of small details, Chris. Thanks!

  • hiep - August 2, 2013 6:11 pm

    I do not see you using MA 50 more, you can often combine MA 50 and MA 200 in different time frames? thank.

    • Chris Capre - August 2, 2013 6:25 pm

      Hello Hiep,

      No, not really using the 50ema any more. And no need to combine 50 and 200 as they are not hit enough to be useful.

      Hope this helps.

      Kind Regards,
      Chris Capre

  • Tima - August 7, 2013 12:09 am

    Nice trade and explanation, Chris!
    How much do you risk when trading lower time frame (3 min, 5 min chart) in comparision with higher time frame (4 hour, daily chart)? Does it depend on trade frequency?

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