Price Action – Chris Capre Advanced Price Action Trading Strategies

This is our newest Price Action video talking about how to trade ‘role reversal levels‘ using the breakout pullback setup. We share some advanced price action elements on how to read the order flow and price action, along with what are the unique elements in a good breakout.

 

 

 

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Discussion

25 Comments

  • tikky_tikky - November 14, 2011 8:39 pm

    Hi Chris!

    Very informative as always.

    Best regards,

    Nel

    • Chris Capre - November 15, 2011 1:51 am

      Thank you Nel,

      Am glad you liked it.

      Kind Regards
      Chris

  • tikky_tikky - November 15, 2011 4:49 am

    are you planning to create a video on pinbars?

    • Chris Capre - November 15, 2011 5:12 am

      Hello Nel,

      I have been considering this – however we have an entire chapter of the book dedicated to this so have to decide how I dispense with any information.

      But we are definitely considering it

      Kind Regards
      Chris

  • tikky_tikky - November 15, 2011 5:46 am

    Hi Chris,

    Thanks for considering the idea. Even just a basic idea on how to catch a nice pinbar and a few chart examples would be fantastic.

    Regards,

    Nel

    • Chris Capre - November 15, 2011 5:55 am

      Hello Nel,

      Ok, will have to think about it. I do not want to spoil all the good things in the book which really approaches pinbars in a different way so want to be careful should I release anything.

      Will keep you apprised.

      Kind Regards
      Chris

      • tikky_tikky - November 15, 2011 6:08 am

        I totally agree. Thank you so much!

      • Ricky - July 4, 2012 1:38 am

        Is the book coming out soon? its the summer of 2012 already! Some of us do well with the written material

      • Chris Capre - July 4, 2012 1:49 pm

        Hello Ricky,

        Nope, hopefully december for christmas.

        Will make an announcement when its ready

        Kind regards,
        Chris

      • Chris Capre - July 5, 2012 7:47 am

        Hello Ricky,

        Nope, getting close to halfway done. taking july off visiting family, friends and my girlfriend, then will get back heavy writing in august.

        Kind Regards,
        Chris

  • Michael - November 15, 2011 10:24 am

    Hi Chris..great video as always…thanks.
    l just want to ask how you decide if you will enter a breakout on the breakout itself or wait for a re-test of the resistance to see if it becomes support.Is is all to do with the strength/size of the trigger candle? Also, if you wait for a re-test do you wait for a PA signal such as a Pin Bar or Engulfing Bar at S/R or is just a touch of the line enough? l’m guessing every situation is different and needs to be read from an order flow perspective, however a few guidelines from you would be really helpful.
    Many thanks.
    Michael.

    • Chris Capre - November 17, 2011 7:53 am

      Hello Michael,

      It is part science and part art in this case so its not entirely rule based (hence the challenge). I generally prefer the breakout-retest 3x out of 4 and have to be really convinced it will not come back. The strength/size of the trigger candle does not really sway me unless it is gigantic, say after a central bank intervention.

      I do not wait for a pinbar because if you remember, pinbars are reversal candles that occur at tops or bottoms of trends so they would not appear here. But a pinbar-like candle would be a useful sign but its not necessary. Neither is engulfing. Its more of like you said, every situation is different and needs to be read from an order flow perspective.

      Hope this helps in some way
      Chris Capre

  • Michael - November 16, 2011 10:58 am

    Hi Chris, further to my last question above…are there two or even three possible breakout set-ups with your methods? Firstly, an impulsive move which breaks out and does a quick re-test before shooting off: entered on just a re-touch of the Key Level without Price Action confirmation. Secondly, when the break out impulsive move gives way to a corrective move, which goes back to test the Key Level again and is entered only on a Price Action signal that price is rejecting the level.Thus more of a pullback trade than a re-test trade, although at the same level.And finally, a hybrid of the two, as patterns are often messy in reality!
    If this is the case, l’d be interested to hear your thought processes on how you would play each breakout.
    Thanks in advance!
    Michael.

    • Chris Capre - November 17, 2011 7:55 am

      Hello Michael,

      Ok so to give you an idea of the ‘art’ aspect of this, let me ask you a question;
      -How would you define a ‘quick’ retest? tricky isn’t it

      I do like to see a corrective move back into the retest level which is usually communicative the buyers/sellers of the breakout are still in control. But why wouldn’t this be a pullback as well?

      Thoughts?
      Chris Capre

      • Michael - November 18, 2011 7:59 am

        Thanks for your two responses Chris;you always get me thinking and learning for myself, which is great! (Damn where’s that Holy Grail/Magic Bullet thingymybob that part of me always wants to find!!)
        What was clouding my thinking was confusion over fairly quick re-tests of key levels on the one hand and larger/longer break outs followed by more substantial corrective moves back to key levels on the other.On this later type l was also conditioning myself to look for the most obvious reversal candles.Your comments re Pin Bars coming at the tops and bottoms of trends etc etc made me go back through all the Price Action videos/articles in the collection you posted up on Nov 14th.As you say, a lot of the info a chart is giving us is intuitive and spotting rejection zones is an art as well as a science.Anyway, thanks to the articles and videos l have cleared up my confusion and l’m looking forward to spotting my next re-test trade with a lot more confidence.So, muchas gracias Senor!
        l’ll also now be going over all your Ichimoku videos too after your excellent webinar the other night–3hrs really really well spent even if it meant burning the midnight oil a bit over here in the UK.
        Then its back through your Price Action course materials for the third time (and not the last), and hopefully l’m moving closer to consistent profitability for the coming year!
        Anyway,thanks again for posting all this great trading insight, l’m sure l’m not alone in really appreciating it; and all the best for your sojourn in your new home in your new country.
        Michael.

  • Patricia - November 16, 2011 7:43 pm

    Hi Chris,

    Thanks for the video. Are you going to have a rule-based system to trade breakouts ?

    thanks,
    Patricia

    • Chris Capre - November 17, 2011 7:49 am

      Hello Patricia,

      Not sure yet. There are some moving parts to this so would have to really think about it. Am actually working on other ones as well
      so perhaps later down the line.

      Kind Regards
      Chris

  • John - December 5, 2011 7:03 am

    Hi Chris,

    Very good and clear video.

    You refer to ‘order flow’ – While I think I understand what you mean. Do you think it’s worthy of a seperate video?

    • Chris Capre - December 5, 2011 7:25 am

      Hello John,

      Hmm, I think maybe an article would be better to explain order flow. Let me see if i have any and if not, then I can write an article about it.

      Kind Regards
      Chris

      • John - December 9, 2011 2:46 pm

        Thanks Chris.

        One other question – when is your book being published (in the UK)? The date seems to have gone from October 2011 to January 2012 and now to April 2012.

        Regards

      • Chris Capre - December 9, 2011 3:44 pm

        Yes, the book has been delayed because we are just making it on price action and adding new stuff while changing others so that is why

        chris capre

  • Tony - May 8, 2013 7:29 am

    hi chris….im thinking of doing your price action course but i like to keep things simple….for me that’s candle patterns at support and resistance, pivot points and sometimes fibonacci……will there be enough in the pa course to help me or should i go for the pro-forex course…..i have to say rule based trading does sound attractive….by the way, what happened to the book?…..its on the uk amazon site but “yet to be published”…..thanks….tony

    • Chris Capre - May 8, 2013 7:50 am

      Hello Tony,

      The book was delayed till the end of the year due to family/personal reasons.

      In regards to trading price action and the material in the course, the goal of the course is to keep it simple, yet still give you advanced models to read/trade the price action and order flow around it.

      This is all done via rule-based models/systems, so there are rules for entries, exits, stops, limits, taking profits – everything.

      In this course, I teach you how to trade trends, pullbacks in trends, transitions in trends, find key reversal points, critical support and resistance levels, high probability breakouts, all from the perspective of reading/understanding the order flow behind it. I have 11+ systems, all rule based with only a couple that have discretionary elements to it. They range from the higher time frames, like the daily/4hr charts which are ideal for swing trading, along with intraday, such as 1hr and below, so plenty for both types of trading, including yourself. I also cover proper risk management, along with building a successful trading psychology, so quite a lot.

      So based on what you said, i’d definitely recommend the PA Course.

      Hopefully this answers your questions.

      Thoughts?

      Kind Regards,
      Chris Capre

      • Tony - May 8, 2013 8:01 am

        thanks for the quick response chris…..based on what you said and all ive read on the site i think i will sign up by the weekend…..i look to swing trade daily and four hour charts but will take a signal off a 1 hour chart if it looks good……still looking forward to the book too….

      • Chris Capre - May 8, 2013 8:32 am

        Hello Tony,

        Glad I was able to answer your questions.

        You can definitely swing trade from the methods in this course on the 4hr/1hr charts.

        Looking forward to working with you.

        Kind Regards,
        Chris Capre