Live Price Action Day Trade Gold +1230 Pips Profit | Dec. 10th

Hello Traders,

Just wanted to share a live price action day trade I took on Gold, a long which was closed just $1.50 off the London session high for the day.  See chart below;

live day trading price action gold + 1230 pips profit 2ndskiesforex.com dec 10th

Total profit on the trade was +1230 pips for an almost 4x reward-risk play.  Thus for every 100pips I risked I gained around 400 pips.  

This trade was done using a rule-based system from my Price Action Course which occurs on a daily basis across multiple pairs and instruments.  I am actually looking to get long again soon if the pair hits my price.

If you were sitting on your hands waiting for a cherry A+ setup that never came, then you are missing high probability price action trades that occur everyday, many of which offer 3, 4 and 5+x reward-risk plays.

Food for thought, and good trading to you all this week!

Kind Regards,
Chris Capre

 

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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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  • Tom

    Hi Chris

    Really nice trade you have.
    I wish i could learn to trade like that.

    Keep up the good work.

    • Hello Tom,

      You can learn to trade like this, there is nothing stopping you and I teach these same methods in my price action course. One of my top students almost grabbed the same trade on his own, profiting over +940 pips, so if he can do it, so can you.

      Kind Regards,
      Chris

      • Ioannis

        As i can see to the chart you got long at the small piercing line.Ho did you decide for the 300 pips stop loss?It didn’t hit for less than 30 pips as i see it.

      • Hello Loannis,

        I actually did not base this trade on any piercing line.

        But if you look at the chart closely, price dipped over $3.00 which is 300pips in gold terms, whereas 30pips would be .30 which is quite different and happens in a second. I placed my stop where I did based on my system and analysis, which ended up working out to be correct, because if I did do a 30pip stop, I would have been stopped out on the next candle.

        Anyways, hope this helps.

        Kind Regards,
        Chris

      • Ioannis

        I didn’t say why you don’t set your stop loss 30 pips down!I said that it didn’t hit your stop loss for about 30 pips.How did you contrive it?
        Congratulations.

      • Hello Loannis,

        Ahh, thanks for the clarification as I misunderstood. Part of the reason I set my stop was the price action system I was using, and part of it had to do with support and resistance levels.

        Hope this helps, but thanks for the positive comments.

        Kind Regards,
        Chris