Live Price Action Trades of the Week | Aug 23rd

Another week, another series of good trades from our students in the course. Unlike other ‘authorities’ and ‘masters’ of all things price action, who boast about how their forums were buzzing with discussion on it (great – did you actually trade it?) we actually show our trades, both from us, and our students. We do this to demonstrate that our traders succeed, trade live on a daily and weekly basis, and we back it up by showing the actual trades/charts from our students.

As far as I can tell, nobody else does this which should separate us from them.

There were many contenders this week, so we will share 4 this go around. Again, as much as I’d like my trade to take top spot, I’ll give the award to another who’s a new edition to our course, but starting off making some excellent trades that have already paid for the course.

Here they are below. Enjoy!

#1 USDCAD +50 pips With Trend Trade
usdcad with trend trading price action 2ndskiesforex

Here is an excellent example of trading with the trend, taking a pullback into the level. Keep in mind there was no obvious price action pattern or signal that most look for. If you were looking for a price action signal as confirmation – you would have missed this trade.

#2 Intra-day False Break Reversal Setup
euro false break live price action setup 2ndskiesforex

Looking at the bottom towards the left, you’ll see the blue arrow where they entered after the false break, using a really tight stop of less than 5 pips with a 12+ pip target for a +2.4R setup. Notice how they spotted the bottom and reversal for the day all on the intra-day price action charts.

#3 +4700 Pip Trade Continuation on Gold
live price action trading gold chris capre course 2ndskiesforex

If y’all remember from last week where I posted my long gold trade on the breakout of 1345 which at last week was up +2554 pips. We’ve held onto it which is now up another +2200 pips so ~+4700 pips at the moment. Goes to show how its important not to take profits prematurely as you could miss out on the next big move. Also, if you were looking for a pullback to the breakout level, you would have missed it as it never made it back fully. This is important because not all breakout trades will offer the same setup. Will update you as this progresses further.

#4 +96 pips on NZDUSD
nzdusd live trade setup price action course 2ndskiesforex

Here is another excellent with trend trade without a major pullback. Those thinking trends are just so tidy and neat, waiting for the perfect pullback would have missed this setup. Great with trend trade here.

In Closing
When you learn to read price action and understand it, you graduate beyond applying cookie-cutter patterns that limit you in understanding price action, and cause you miss incredibly good high quality setups.

Remember price action trading is not confined to time frames, instruments or environments. It is a universal skill that can be done just as well on the 5m chart as the daily chart.

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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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  • Simon

    Thanks Chris for the live trade examples. Indeed I agree with you that there are so many self proclaimed “masters” “authorities of price action” here and there in abundance in the FX world which is a bit of a shame. I just wanted to ask you one thing: When you/your students take this trades on smaller time frames do they take into account news release ahead which could give rise to volatility and ruin the particular setup? For example: Let’s say on the 5 min chart of EU a with trend set up is spotted with a tight stop of 10 pips but Europe PMI number is going to be released after 10 minutes and any deviation could led to volatilty ruining the setup. In that scenario what should be done?

    Thanks for your great work and inspiration.

  • majid

    hello chris
    can you explain what is cookie cutter patterns?

  • hiep

    thanks !