Live Price Action Trades of the Week | Aug 30th
We had several trades this week which definitely qualified, but will share 4 excellent trades, with the top one gaining over +500 pips! These are all trades as shown from the brokers chart – showing the exact entry and exit points our students took using our price action methods. How many of these trades did you spot?
This is an excellent example of a breakout trade capturing the 3hrs of strong momentum.
Who says there are not good setups on the intraday time frames under 1hr? You can click on the image to see the entry and exit arrows, which are yellow and blue on the right side of the chart. This is an excellent with trend setup on the 1min chart, capturing +25 pips on less than a 7 pip stop.
Using our SBar setup, this trader captured an excellent with trend setup on the GBPJPY, while catching the virtual bottom in the swing for the week.
Capturing a 4R setup and over +500 pips, one of our newer students found this great setup on the EURNZD, holding it for a long bull run, showing patience and good skills reading the price action.
Congrats to all the students this week who made some excellent trades. These are the types of trades we find on a daily basis. As you will see, many of them are not based on a single bar pattern, nor are they only on the higher time frame charts. They are anywhere from the 4hr to the 1hr to the 1m. This is because there are high quality A+ setups on any time frame. When you learn to read price action, the skills can be done on any time frame, instrument or environment.
Also keep in mind, none of these traders had to sit around for days waiting for setups. They are finding them daily all the time, often several setups a day. This not only keeps your more engaged and gives you more opportunities to make money, but also increases your learning curve tremendously.
Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.
Want to Learn Price Action Strategies for Trading Forex?
Sign Up for our Monthly Newsletter and Get our FREE E-Book