Forex Price Action Trades of the Week | Apr 12th

Over these last two weeks, we had a lot of contenders (too many) for our trades of the week article. Using both sets of weapons, we had forex price action, and ichimoku trading strategies that profited heavily this week.

Our top winner was a fantastic trade capturing +345 pips on the GBPJPY for +3.83R!

#1 CHFJPY 3 Separate Breakout Trades for +2.1R
CHFJPY forex price action 2ndskies

Here the student aptly caught a breakout before it cleared the key level. They spotted the momentum build-up and price action squeeze, along with the strong breakout bars, suggesting the pair was forming a breakout. 

They took three trades, the first prior to the major breakout, while adding two more positions after the level was cleared. Taking profit at three different points, their average winner was for +2.1R, so some excellent trading all around.

#2 EURJPY +85.6 pips on two pullback setups, for +2.5R
inside bar price action 2ndskiesforex

After a large breakout, the student noticed a great pullback setup + inside bar play. Both trades never went negative, grabbing a quick +85.6pips and +2.5R in one day.

#3 USDJPY Pin Bar Setup For +2R
double pin bar trading 2ndskiesforex

Here one of our senior members spotted a change in the momentum and price action, suggesting the USDJPY was going to reverse.

After the first pin bar formed, they waited as they realized it would fail. It did, and was followed by a second pin bar, which they realized would be a profitable signal, for +2R.

#4 False Break + Ichimoku Setup for +2.83R
false break trade setup 2ndskiesforex

Here the student spotted a combination false break + ichimoku setup, catching the EURUSD right before it had a strong sell-off.

Holding through the news, the trader had a well placed stop, exiting at a consolidation/basing area for +2.83R in about 1 day.

#5 +345 Pips on the GBPJPY for +3.83R
GJ ichimoku trading profits 2ndskiesforex

While the GBPJPY was consolidating in a choppy 150 pip range, this student spotted a change in the price action, suggesting a major swing move was about to happen. Using one of our ichimoku trading strategies, they captured over 85% of the huge bullish move.

The result was a massive +345 pip winner capturing just under 4R!

In Closing
High quality signals occur across all time frames. This includes the daily and 4hr strategies, along with intra-day setups. There is no bastion where all the high probability setups reside. 

Well trained traders make money across all time frames. 

So ask yourself, were you sitting around for days, not trading anything, missing high quality setups over the last two weeks? Or were you highly engaged, trading high probability setups and making lots of profits in the process?

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.

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