Advanced Price Action Forex Trading – Chris Capre

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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  • Amis

    Hello Chris,

    This post of yours is very helpful.Thanks for the valuable info.Apart from this post I want to ask you one question. Which formula or method do you use to calculate pivot points? Is it different for different time frames?(1HR/4HR/1D only)

    Thanks

    Amey Sawant

    • Hello Amis,

      Am glad it was helpful.

      In regards to your question – 1D for calculating pivots. They should be the same whether its 1D, 4h or 1h – should be the same for all time frames up to 1D, after that, it changes.

      Hope this helps
      Chris Capre

  • Amis

    Hello Chris,

    Yeah that solved one of my doubts but you didn’t answered my other question regarding the method or formula you use to calculate PP.
    If that is only for your course member then its absolutely fine.I hope you will check out this one “http://www.babypips.com/tools/forex-calculators/pivotpoint.php” and do let me know if its accurate.

    Thanks

    Amey Sawant

    • Hello Amis,

      Sorry bout that.

      Here is the calculations but your brokers charts should provide this as you will not want to have to do them daily which will be a pain in the $%*)@$*(

      DP = (H + L + C) /3

      s1 = DP – (H – DP);//S1
      s2 = DP – (H – L); //S2
      s3 = L – (H – L); //S3

      r1 = DP + (DP – L); //R1
      r2 = DP + (H – L); //R2
      r3 = H + (H – L); //R3

      Hope that helps

      Kind Regards
      Chris

      • Amis

        Hello Chris,

        Thanks a lot for the formula.Just now I have done the changes in the EA according to the formula.

        Thanks

        Amey Sawant

      • No problem – enjoy!

  • Eklavya

    Thank a lot for all these Chris.

    This is a New Year Gift/Present for us.

    It will help us immensely.

    Thanks once again.

  • Yagnesh Patel

    Thanks for your email reply. Will purchase the price action course this week

    • Hello Yagnesh,

      Looking forward to working with you.

      Kind Regards,
      Chris Capre