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.
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!
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.
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.
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.
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.
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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