Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
(Video) Live Trade Setup Breakout Trading 125 Pips on AUDCAD
Here is a live trade setup using my price action strategies doing breakout trading on the AUDCAD which is up +125 pips of profit and +2R. In this video, I’ll explain the price action context behind the trade, trade location, why I chose my stop loss and particular take profit, along with trade management and risk to reward. [more info below]
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⏰TIMESTAMPS⏰
0:42 – Taking a step back to look at the higher time frame context on the weekly chart
1:02 – Breaking a major support zone
1:45 – AUDCAD hasn’t been this low since…
2:45 – Impulsive and corrective with trend price action
3:33 – My exact trade location
4:42 – My exact stop loss placement
6:33 – Why I think the market will target this major price level
7:18 – Update on the live trade setup which is now in major profit
8:39 – Am I going to be adjusting my stop loss to take partial profits?
8:47 – Analyzing the current price action and potential breakdown