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.
I have been traveling internationally the last day or so, but wanted to share with you a trade I took on Gold recently to start the week. Sometimes, timing is everything, not just in entries, but in exits as well. The high for the day was just a few $ higher and then Gold shortly after collapsed (see chart below).
This trade ended up banking an over 5.25:1 reward to risk play. Now keep in mind, if you are trading the daily charts only, and had a 100 pip stop, you would need at least a 525 pip target to match this type of return. Ask yourself how many 525 pip winners with 100 pip stops have you …... Keep reading