Live Price Action Trades of the Week | Mar 8th

Hello Traders,

There seems to be some confusion out there, one that is being perpetuated, whereby you need to wait for days to capture a good trade, or at least 1+R. Where waiting for days on end means having ‘patience‘.

Don’t get me wrong, patience is highly useful for trading. Some people have full time jobs, with only a few hours available behind the charts. If that is you, then it’s probably best you trade daily and 4hr strategies, or lower time frame set and forget systems.

Regardless, this doesn’t mean you should be waiting for 1-2 weeks just to capture a measly 1R profit. And it certainly doesn’t mean you should be sitting for an entire week doing nothing, while perfectly good high quality trades are passing you by.

Every day, highly probable 1, 2, 3 and 4+R trades happen all the time, right in front of you. You just have to find them. And to find them requires proper training.

Here are some examples of students taking fantastic trades, capturing several R, trading the higher and lower time frames, yet not waiting days or weeks on end to make a good profit.

EURUSD – +68 Pips & +2.5R in 6 Hours
3p eurusd live price action setup 2ndskiesforex

Here is a great 3P setup from our student who found an excellent accumulation pattern and intra-day bottoming before the Euro rocketed higher. Fantastic trade here that virtually never went negative.

GBPUSD – Shadow Trading, +46 avg. pips per lot in Half a Day
shadow model trading 2ndskiesforex gu

Here one of our newer students was using our Shadow Models to capture a nice breakdown (before it happened) as the momentum was building towards the downside. Notice the exit which captured almost 90% of the move & pips available from entry to exit.

Top Trade of the Week
EURJPY +258 Pips & +4.1R in Two Days!
forex price action course fpb setup 2ndskiesforex

In this trade, while the pair was consolidating in a range, yet starting to build towards an upside move, they used our FPB setup, getting a fantastic entry, that never went negative. They hit their targets with an avg. +258 pips per lot, all while having less than a 63 pip stop and a +4.1R in two days.

Truly a great job spotting the trade, reading the price action & context, showing patience, and waiting for it to hit its final target. Excellent trading all around

In Closing
Are you a pattern trader, who only waits for pin bars, engulfing bars and inside bars? If so, you would have missed all these trades.

Ask yourself, did you wait around all week not trading anything? Have you had to wait for days or weeks, just to capture a simple 1R which happens every day? How many of these trades did you spot, and how many 2, 3 or 4R trades did you capture this week?

Food for thought, but the difference between profiting from trades like these, and missing them completely all comes down to training.

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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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