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 July 12th
There were dozens of excellent trades this week from my students using our price action systems, finding some excellent entries, exits, with the top one being +139 pips while another grabbed over 4:1 on its reward to risk ratio. Some find trading indeed, so hats off to the students this week!
#1 +81.8 Pips on EURUSD 4hr Charts
This first trade was an excellent with trend pullback setup using our 6NT system, only needing a 27 pip stop and an +81 pip target, for almost a 3R trade. Notice how the pullback stalled right after his entry, then started an aggressive sell off shortly after.
Who says you cannot use lower time frames, or intraday price action to find high quality setups? Complete rubbish as my students do this day in day out. Anyone telling you otherwise has no idea how to trade because my students daily would disprove any such nonsense.
This trade above was an excellent price action setup using pivot points, whereby they literally caught the top of the pullback, had less than a 40 pip stop, and +134 pip target, for an over 3.35R trade.
Here we have a nice with trend trade, being patient and avoiding the false break, while capturing +139 pips taking profit exactly as price hit support.
Although the other trades had grabbed more pips, this one had the highest R:R ratio, with an impressive 4.5R trade. Notice how they detected the reversal and false break, getting in right where the bears were stopping any bull advance. An excellent entry, and great patience holding the trade to target. All done in less than 4hrs on the 5M chart.
Again, continual proof you do not need to trade higher time frames only to find high quality setups as our models work on any time frame. When you learn to read price action and the order flow behind it well, you can apply the models and find trades on any time frame, and not have to wait for days for high quality setups.
Hopefully this inspires you, and shows you what you can do when you learn to read and trade price action well, as many of these students had little experience before this course, and are still developing their skills – just like you.
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