+2100 Pips – Live Price Action Trading Setups | Mar 31st

We had many contenders for the top trade of the week, but our big winner was a +2100 pip gain, using only a 500 pip stop for a +4.2R! Other contenders were a + 160 pips 3R trade, a +4R winner on the GBPUSD, and two other +3R winners.

Ask yourself, how many +3 or +4R winners did you have this week?

Trade #1: +118 Pips & +3.1R on USDCAD
live price action trading setups usdcad 2ndskiesforex mar 31

Spotting a corrective pullback before a triangle breakout, this student aptly caught the momentum move just prior to the breakout, with their trade never going negative.

The result was +118 pips on a 37 pip stop, wisely timing the end of the move using our counter-trend pattern recognition.

Trade #2: +160 Pips & +3R on EURCAD
live price action trading eurcad 2ndskiesforex mar 31

One of our students who has really started to catch on fire lately, found a great setup trading with the trend. They held it through two pullbacks and a pin bar, showing great discipline. Total profit of +160 pips and grabbing +3R. Excellent trading indeed.

Trade #3: +2.25R on Two NZDUSD Trades
live price action trades nzdusd 2ndskiesforex mar 31

Trading two separate positions, this student bought before the breakout, and then after the breakout was confirmed. They profited +60 pips on the first position (22 pip stop), and +32 on the second (16 pip stop), for +46 pips per position.

Trade #4: Pin Bar + Dynamic Support Setup for +40 Pips on an 12 Pip Stop
pin bar setup dynamic support 2ndskiesforex mar 31

Trading with the trend, one of our senior members spotted a great pin bar setup off the dynamic support (20 ema), grabbing a quick +40 pips using only a 12 pip stop. Some fantastic precision indeed in a well placed stop.

Trade #5: +2100 Pips on Gold, for +4.2R
gold trade ichimoku strategies 2ndskiesforex

One of our top ichimoku students using a combination of trading with the trend, ichimoku wave analysis, and one of our strategies, sold gold at 1353, catching a huge momentum move down, trailing profit along the way till our system suggested an exit.

Total profit was +2100 pips using only a 500 pip stop, for an impressive +4.2R!

In Closing
Were you mostly idle last week in trading, waiting around for price action signals that never formed? Were you missing high quality signals on these very same instruments?

What is the difference between you missing out on these trades, and profiting from them week in-week out? Proper forex training that builds your skill set.

Ask yourself what making +2100 pips & +4.2R would have done for your account. Ask yourself how many +3 and +4R trades you found last week, and how that could impact your trading.

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article

  • Beta

    This post is interesting.
    But what is really interesting is the winner and the looser trades.
    The loosers are always far more interesting than the winners in a strategy :-)

    Thanks for providing such free good stuff about Trading on your website

    • Chris Capre

      Hello Beta,

      I can see why you would think that. But ill take the other side of the equation.

      How do you learn to swing a golf club properly? By swinging it like tiger woods, or swinging it like a baseball player?

      How do you learn to shoot a bow and arrow correctly? By using the technique of throwing a boomerang, or the technique of an olympic archer?

      Simply put, you learn more by doing the proper technique, not the incorrect technique.

      Hopefully this clarifies the differences.

      Kind Regards,
      Chris Capre

  • Beta

    Yes, you’re right Chris but we are not learning from our success but from our failures.
    I think it’s not possible to become successful trader before being looser trader.
    We can learn so much more by analyzing why we failed to swing the golf club properly than to imagine we can be as good as Tiger Woods.
    But it’s my point of view :-)

    Thanks again

    • Chris Capre

      Hello Beta,

      Only a lazy trader is not learning from their successes. Losses are inevitable, so nobody has to become a losing (not ‘loose’ which is different) to learn. You can learn from every trade, win or lose.

      But further to my point, the brain has ‘mirror’ neurons which mimic the behavior of what you see more often.

      They tested this on baseball players who were on deck. If the batter in front struck out, they were more likely to strike out. But if the batter in front made a hit, they were more likely to make a hit.

      So based on how your brain actually works, you learn and form neurons more likely to repeat a behavior, by watching/seeing successful actions faster than seeing non-successful actions.

      And nobody is saying ‘imagine’ a swing like tiger woods. I am talking about actually swinging just like he does. Once you swing correctly, it imprints in your brain and nervous system how to swing correctly, far more strongly than swinging like a baseball player.

      So neurologically, its far better to see winning/successful trades than losing ones, so you can imprint what a successful trade looks like.

      Kind Regards,
      Chris Capre

  • Beta

    Okay so I’m a lazy trader.
    I think we misunderstood each other. Of course you’re right when you say that the reference has to be the good trade for a Trader. It’s obvious. Otherwise, he will only take bad trades…
    Maybe I misspoke… I wanted to spot the importance of the failures assimilation.
    From my experience, I learnt much more by focusing on my bad trades than my good ones, to improve my trading style. Losing is a part of the process and has to be considered (and accepted).
    For example, these trades above are good ones, it’s sure. But you have to take the bad ones, to fill the full experience of the trader.

    It’s an interesting topic, maybe we can keep chating by email if you want

    • Chris Capre

      Hello Beta,

      Nobody ever said losing wasn’t part of the game. I mentioned that in my last comment. Nobody said losing isn’t considered as I mentioned this in my last comment. And nobody said it shouldn’t be accepted. I say this in virtually every article, including my most recent article 4 Ways to Improve Your Trading, where I specifically mention this.

      Yes, losing is part of the game as I’ve stated many times. And yes, we agree that you have to take trades that match your trading plan and setups. I talk about this further in my Trading & Thinking in Probabilities.

      So we agree on these points.

      Again, to be clear – we should learn from every trade. However if you want to build neural circuits and networks in your brain tuned to be successful, you are far better off imprinting winning trades moreso than losing trades.

      This is why football players play better when their captain or star player makes good plays. It raises their energy. Contrast this to watching their top player make mistake after mistake, which doesn’t elevate their game.

      Seeing mistake after mistake only teaches you what NOT to do. It doesn’t teach you what TO DO. But doing something correctly DOES TEACH YOU what TO DO.

      Hopefully this clarifies it, but some decent thoughts.

      Kind Regards,
      Chris Capre

  • Petra

    I like to listen to self-improvement audio books. One of them was about setting goals. I did what the book recommended – I wrote down all my major and minor goals I would like to accomplish and read them every morning. One of the goals was “One day, my trade will be posted in Chris`s Trades of the week article”. Well… mission accomplished here !! :)

    • Chris Capre

      Hola Petra,

      Chalk that one off. And start working towards the next goals higher up. Keep on truckin and keep your head down. Staying focused like you have, and the results will come.

      Kind Regards,
      Chris Capre

  • Beta

    The loosing part of trading is the most important because it’s where the psychological issues appear. Finding technical where to sell and buy on a chart, a kid can do it… the difficulty relies on the psychological aspect (mainly address the loosing trades).
    Last point I said : The trades above are good but maybe these are only part of big loosing streak ? Maybe these traders can do +4.2R in one week but with how many loosers ?

    You have to show the entire experience not only the good one !

    • Chris Capre

      Hello Beta,

      You seem to still be confused about many things here.

      FYI, the word is spelled ‘loss’ or ‘losing’, not ‘loosing‘ which is not a word, but close to ‘loose’, meaning one’s grip is ‘loose’.

      Back to the subject:
      1) Nobody is saying avoid losses, or not talking about them. Psychological issues will appear in both losses and wins. The biggest losses in history on Wall Street (London Whale, UBS rogue trader, etc), were due to psychology (becoming over confident, feeling invincible, etc).

      How many times has a trader had a huge win streak, only to lose it all in one trade? Was the reason for their big loss psychologically based? Absolutely.

      Psychological issues will come up in both wins and losses, not just losses alone. So this is a confusion on your part.

      2) Dealing with the psychology of losing trades is a separate topic, and not the purpose of this article. You can deal with the psychological aspects of losses each time they occur, but we do not have to isolate, and show them all over our articles to talk about the psychology.

      Along those lines, I don’t shy away from talking about losses, or the psychology. I have several hours of video material in my courses talking specifically about this, and dozens of articles as well. But that is better done (IMO) in another article topic.

      3) Regarding these trades from these traders, you have no idea about their trading record, so any comments on them is pure speculation. And even if it is part of a losing streak, what do you think protects mental capital – continually talking about what they are doing wrong, or patting them on the back for doing something right?

      Do you think you get your top quarterback motivated to make a game winning pass by talking about all the incompletions and interceptions they threw? No!
      You get them to focus on what they need to do – and that is make a good pass. You do that by giving them confidence, by having them focus on what they need to do right, not what they are doing wrong.

      That is why if you tell someone to get in a race-car they’ve never driven before, who’s low on confidence, repeating to them over and over again, “don’t crash, don’t crash, don’t crash, don’t crash”, what do you think they are more likely to do? CRASH! Because that is how the brain works.

      4) Also, it wouldn’t be proper to show publicly to thousands of people, the individual students ‘entire’ experience. How embarrassing for a new and developing trader, to join my course, trust in me personally with their private info, and then have me publicly state, how they’ve lost all these trades, what they did wrong, all the mistakes they made, how many losses in a row, to tens of thousands of weekly viewers, all to show the ‘entire experience’?

      I’m pretty sure that will NOT help their confidence, to publicly share all their failures and misfortunes, when they’ve entrusted me to their learning process. This would be a mistake, and irresponsible of me to do that to my students publicly.

      In Closing
      This is my teaching style and methodology.

      You are welcome to yours, and I fully support you teaching anyone you wish in whatever style you feel is best.

      But telling me your teaching style over and over again, and how I should run things (on my site) is not what this platform is for.

      This is my last response on the subject.

      Kind Regards,
      Chris Capre

  • Eugene

    I for one am glad you are showing successful trades like this. Makes me think it is possible to succeed if newb traders are making winning trades.
    Sure – they may not be winning a majority of their trades, and we all know this is possible. But this to me shows a movement in the right way and what they are doing
    right, which I support you showing more of.

    Eugene