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.
+ 681 Pips – Live Price Action Trades of the Week | Feb 9th
Doing it a little differently today, this week’s article will actually show four trades from one of our newer students, showing the power of what you can do in a short period of time. This week’s installment should really be called the ‘Revenge of the Pin Bar Edition‘.
Why? Simply because the student nailed all four trades last week using our pin bar method, currently up + 681 pips across the four trades, and each trade up anywhere from +2.5R to +4R. Some excellent trading indeed.
Here they are below;
Here the student correctly spotted a great buying opportunity off the dynamic support EMA.
NOTE: if you have the guidelines that a pin bar should only be taken when it protrudes out of the prior price action, you would not have been able to profit from this common opportunity.
Here they intelligently put their stop below the prior swing lows after the pair found support, then consolidated above the support, with a lot of wicks on the bottom side, suggesting buyers accumulating the Euro prior to the NFP announcement.
Again, if you only trade pin bars using the rule it has to stick out from the prior price action, you would not have been able to profit from this opportunity.
While other ‘authorities‘ of price action talk about such setups and how one could have profited, we show how our students did profit from such trades as many members took advantage of this one.
After spotting a bottoming formation on the intra-day price action, this student aptly caught the next signal via the pin bar setup, now well up over +240 pips. Some excellent trading all around, profiting for +681 pips over the last few days.
If you noticed this chart is different from the others, there is a reason. This is one of my personal trades from last week, capturing a 4R return in 30 minutes. Now the pin bar itself wasn’t the trigger for my entry, but made a guest appearance nonetheless.
This was all done using the 5 minute charts, showing how you can every day find textbook examples of high quality price action signals, that have nothing to do with the time frame. It also demonstrates you do not have to wait around for days to make a great return, just proper training and skill.
Once again, we differentiate ourselves from the carbon copy price action ‘gurus’ out there, not just showing you how trade setups could work, but actually showing how we ourselves, and our students trade price action successfully.
Ask yourself if you had spotted these opportunities, and if so – how did you trade them differently. Ask yourself how long would it take you to muster up +14R, and what that would do to your trading account after a few days of trading?
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