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(Video) +250 Pips Live Price Action Trades on USDJPY & USDCAD

Watch as I execute two live price action trades on USDJPY & USDCAD, up +250 pips in total.

In this live trading video, I go through the price action context, explain my trade location, stop loss placement, my final target, and why I did not use a confirmation price action signal.

Here’s the transcription for the video (and just below is the follow up screenshot of how I traded it and closed it near the top when the price action changed in my mind and the breakout became less likely).

follow up usdjpy live price action trade 2ndskiesforex

“Hello traders here. Chris Capre. 2ndSkiesForex.com.

I have a few live price action trades that are running right now so I wanted to share with you a couple of them, my entry, my method for getting in, my stop loss placement, my take profit, why I chose these things, to give you an idea how I trade and how I teach my members to trade in the Advanced Price Action course.

So before we get into the trades, I just want to show you right here this is a live account, I’m trading with my own money right now. This says real, if it was a fake account or demo account it would say demo. So just to let you know I am trading with my own money. As you can see, these are moving in real time, everything matches here: 109 pips, 109 pips so it all matches.

And so I’m in the market live right now. I’ve been in since December 3rd, late last week. This one is actually a relatively straightforward trade. USD/JPY has been in a bullish run as of late, after it broke out of a large range structure. Formed a nice impulsive leg up and then it formed a corrective structure which is outlined in this blue box here.

Now these structures are very important and this is important for understanding price action context. Generally when an impulsive move happens, like we have here, the next move is for the market to form a corrective structure which is like a balancing phase. And as long as the price action context and the bulls are still in control, then I’m expecting this to play out with an eventual move to the upside.

The great thing about corrective structures, especially in bull trends, is that they offer you with trend opportunities to get long at the base of the corrective structure. I actually had a trade setup right here before but I missed by a couple of points ’cause I was basing it off these lows here.

So when the market came back again I lifted it to just at the bottom of this low right over here to get myself into the market. I did not wait for a price action confirmation signal. Even though this formed a pin bar, if you waited for a 50% retrace tweak entry you would’ve missed it.

And so I didn’t wait for one here, and I just placed a limit order to get long at this level, assuming that the price action was gonna hold, the context was correct, and that my trade location was good. Even in this one here, this did form a pin bar, the thing about it is is that if I did wait for a 50% retrace tweak entry, my entry would’ve been poor. It would’ve been higher up and now I had less profit available to me.

This is important to understand, this is part of the reason why I don’t trade with confirmation price action signals. They give you worse entries, they give you retail entries. Sometimes you’ll miss the same move completely, a perfectly legitimate move. And they also give you lesser profitability.

Now, in terms of my stop loss placement on this one here, this is very straightforward. In this recent run up we had a move up here, it paused back and then a big breakout bar. My real reason for getting in the market was the base of this structure holding.

So I wanna place my stop loss below this here. How much? That kinda depends because I was getting in before NFP, I had to expect some volatility so I didn’t wanna keep it too tight. So I put it just below this here, a little bit below that. It’s about a 51 pip stop and I’m in here at 123.32 and the stop is at 121.81 so I have about a 50 pip stop and I’m currently about up about 109 pips. So I’m up a little over +2R.

And as you can see the trade never really went into the negative. It just happened to be a really good trade location. Does this happen all the time? No, it doesn’t. Sometimes trades are not ideal. In fact, I’m gonna get into one just shortly after this.

Real briefly though, in terms of my take profit, if I was trading this range structure, I should be getting out right about here with a nice +2R profit and that would be it. But I’m anticipating a breakout. If I’m wrong, I’m willing to take some profit off the board, bringing my stop to breakeven and hope for a breakout. And if it comes back down here again, I’ll buy it again assuming the range sructure’s gonna hold.

My target is actually a little bit higher here, just above 125 and a quarter. So with a 50 pip stop and a 300 pip target, that’s a +6R potential on the board.

Now, the next trade I’d like to show you here is one that’s not a perfect entry. It’s the kind of trade that wasn’t textbook and I’m not saying it’s easy. A lot of trades are more like this one right here.

This is the USD/CAD. So USD/CAD also in a nice bull run. We have an impulsive/corrective slightly choppy move up and we form a double tap here. So I’m looking to get long and I can either get long on a pullback but I miss this one here. Once we broke out I was expecting this resistance to hold.

So I just bought on a pullback, I didn’t wait for a signal. I just bought on the level assuming it would hold. It didn’t. Luckily I was right on two accounts.

One, I was right that the bulls were still in control and so I wanna be more long than short. Two, I was right on my stop loss placement. Which was below this swing here. So I placed it below this swing because I felt like if the bulls were in control, they shouldn’t make it back into the range too far and they shouldn’t make it below where this swing had started.

So with that being said, it turns out I was right. And what eneded up happening was the pair ended up forming kind of a channel like structure. An ascending channel. I didn’t see this at that time and it wasn’t fully formed at that time but as I re-evaluated, I realized “ok, this is actually what’s really happening out here”. So, if I’m correct, the channel structure should hold, it should continue to drift higher and if I’m right it should break out.

And that’s what it did here recently. I could’ve bought on the bottom of the channel but considering that I spent a huge majority of the time in the negative and only a decent amount of time in the positive, maybe 40% of the time, I really didn’t feel like adding on to a loser. I generally like to add on to winners, not adding on to losers.

With that being said, it turns I was right on this. It turns out my bullish price action context read was correct and that my stop loss placement was correct. And so in terms of the trade right now, it’s up 132-134 pips. My total stop loss on this one was about 110 pips. So with a 110 pips, I’m up about +1.25R right now.

In terms of where my take profit is, that is way up here. It’s at 1.38 and 1.38 is about a 450 pip target with about a 110 pip stop. So it’s about a +4R on this one here.

The reason why I’m showing this one is I wanna show you an example of a trade that’s not textbook and that’s not a perfect entry. The bottom line is that the majority of your trades will actually be more like this than the USD/JPY trade and these are the trades that challenge you the most mentally and psychologically.

But I trust my price action context, I trust my skillset, I trust my mindset and I trust my read on the market. I was willing to let this trade play out. So I wasn’t sitting there worried about “am I gonna get stopped out? what did I do wrong?” or anything like that. I just let the trade run, I held my stop loss as is and either I’m getting stopped out or I’m gonna make some money on this one.

And right now I’m making some money on this one.

I’ll probably start neutralizing the risk very shortly and I’ll probably bring it up either under one of these swings here, maybe even into some profit since we’ve broken out of this strucutre.

This is how I trade. This is how I trade with my own money and this is what I teach in my Advanced Price Action course.

So, with that being said, if you are interested in trading like this, then make sure to come check out my Advanced Price Action course where I give trade recommendations like this several times a week. I teach you the same methods I use, I teach you the same entry techniques and strategies. How I place my stops, how I choose my targets and how to build your price action skills.

I’m not just teaching strategies, I’m teaching you how to build your own price action skillset. So that you can learn to make your decisions yourself, find these trades yourself and make money trading.

So if that sounds interesting to you, make sure to check us out. Also come by dev2ndskies.wpengine.com and take a look at all the other videos and articles we have on trading.

With that being said, I bid you all adieu. I wish you good health and good luck trading and I hope to see you in the course. Take care everyone!”

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(Video) +100 Pips Live Price Action Trade on NZDUSD

Watch as I execute a live price action trade on the NZDUSD up +100 pips.

In this NZDUSD Forex Trade Video, I go through the price action context, explain my trade location, stop loss placement, my final target, and why I did not use a confirmation price action signal.

Here’s the transcription for the video (along with the screenshot on how it ended up for profit…just not as much as I wanted)

nzdusd trade for profit 2ndskiesforex

“Hello traders here. Chris Capre. 2ndSkiesForex.com

I have a couple of live price action trades that I’m in right now and I wanted to share with you some of my analysis on this, what price action context I was seeing in the market, what was my trade location and why. Why did I choose my stop loss placement and my take profit. So these are methods that I actually teach inside the price action course and so by sharing this with you I’m kinda giving you an insight into how I trade and the kind of trades that you could be making if you were to learn these methods.

Now, just to verify, these are live trades. You can see right now these all match right over here. As you can see, it says real over here. That would say demo, if it was a demo account, it would say demo. So it’s real, it’s saying I trade with my own money. I only trade with my own money. That’s also why you don’t see long disclaimers before my videos, because I’m actually using live trades. If I was using demo trades or fake trades or something like that, I’d have to have a long disclaimer explaining all kinds of things why that is.

So, with that being said, let’s start off with the price action context. So stepping out to the 4hr chart, we can see that this right here was a clean role reversal level here. It’s resistance here, support and support and strong rejection or bounce here but then a weaker one here. Lower high and then aggressive selling afterwards. Now, with the selling and the strong breakout below this, I was expecting a pullback to that role reveral level and was looking to get short.

That kind of explains the context and my trade location. I chose this level, I could’ve chosen a little bit higher which would’ve been a little bit more conservative. The advantage of that is it would’ve given me more me more profit potential but the downside is that it reduces my potential to actually get in the trade or reduces the probability that the trade will activate.

So I chose this one here. In terms of my stop loss placement, I had a couple of options. I could’ve put just above this level but I felt with volatility that it might’ve been a little tight and I could’ve put just above this here which would’ve been the most conservative so maybe just above here. I actually chose to put it above the move that started the breakout. So the breakout started above the level in a strong impulsive selling led to the breakout and it started over here.

I said ok, let’s put my stop a few pips above that. If it were to return above the level and get back above the move that started the breakout in this case, I wouldn’t wanna be in it at this point. So initially this held, we had a kind of volatility spike and exhaustion move intraday yesterday that went past it but then it just didn’t get any follow-through, no traction, sold off below it and never was able to get back above it.

I would like to note that if you were trading a 1hr pin bar signal, and you looked for your 50% retrace tweak entry, you would’ve gotten in about here and you would’ve gotten stopped out with your stop just above the pin bar highs. On top of it, you would’ve got a worse entry again. This is why we don’t wait for confirmation signals. They give us worse entries and they reduce profitability and accuracy.

In terms of take profit, let’s zoom out a little bit to the daily chart and I’ll show you why I chose my target. My target is down here. I may choose a little bit towards the base a little bit lower around .6250. That is a potential for me. I am expecting a return at least towards this resistance here at .6425. And it may get stuck there for a little bit but if we get back below this and into this kind of consolidation zone or corrective structure which you can see here, then my feeling is it should be able to make it through towards the bottom of that.

So I may lift the limit and target a little bit lower. Right now it’s at about .6303 which you can see here. But I may lower it if we get through it pretty cleanly and target .6250. Either way, I’m in at .6625 so I have a 320-something pip target right now with a total 30 pip stop. So we’re talking about a +10R.

Again, you don’t need huge stops to make trades like this. You shouldn’t need huge stops if you get really good trade location and really good timing. And again, these are methods that I teach in my price action course. Which you can make these trades yourself.

Wwith that being said, hopefully this explains how I trade, my entry method, my trade location, how I determine that. How I use my stop loss placement and my take profit.

Again, I don’t recommend waiting for confirmation price action signals. That’s a beginner’s mindset, it’s a retail trader’s mindset. I’ve talked about this before. Professional traders aren’t waiting for confirmation. They find their trade locations ahead of time and they make that. And if you make your entries based on one candle, then you’re missing price action context and you’re missing structure which is always gonna be far more important than one individual candle.

I don’t wait for those and I teach you how to find good trade locations, where you don’t need large stops to make trades like this. And you shouldn’t have to be waiting for days or weeks to make trades like this as well. Again, you can see that I was in this trade from the 5th and here we are a day later and we are already up +3R. So if you’re having to wait 2-3 weeks for a trade to activate, you aren’t trading price action and if you have wait weeks for a trade to hit +2R or +3R, again you aren’t trading price action ’cause these trades happen all the time.

You can learn how to find these trades. You can learn how to make these trades and that’s what I teach you in my price action course.

So with that being said, I hope you enoyed this video. I hope you got a lot of information about this and how I trade price action. Make sure to check out my website, dev2ndskies.wpengine.com, where I have other videos and resources like these.

Until then, I bid you all adieu, good luck trading, I hope you’re healthy and happy. Take care everyone!”

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(Video) +120 Pips Live Price Action Trade on GBPUSD

Watch as I execute a live price action trade on the GBPUSD up +120 pips.

In this price action trade video, I go through the price action context, explain my trade location, stop loss placement, my final target, and why I did not use a confirmation price action signal.

Here’s the transcription for the video:

“Hello traders here. Chris Capre. 2ndSkiesForex.com

So, I want to share a live price action trade that I’m in with you right now. This is actually a trade setup that we have posted in the members commentary, trade setup commentary, in our price action course on Sunday and it activated on Monday and here we are on Tuesday and it’s well into profit and so…

I want to talk about this trade in terms of trade location, in terms of stop loss placement, in terms of take profit, trade management and kinda give you the overall price action context here. Now, just to make sure you know, this is a live trade, you can see this is an open position right now, this all matches. And also this says real right here. So FXCM, if it’s a demo account, that real will say demo, it will never say real. So you know this is a trade I’m in with my own money right now, that I only trade with my own money. And so, with that being said, let’s talk about the price action context first.

So, as we can wee, the GBPUSD has been relatively in a corrective structure range. It’s about 250-300 pips high, from 1.55 down to 1.52. Now, we had an impressive bull run, an 8 candle bull run into 1.55. But then what happened with all that bullish momentum? It ran into the big figure at 1.55, and it kinda triple tapped here. Suggesting that the offers were willing to hold the line here and kinda mount a challenge and stop this momentum. They were able to eventually reverse the momentum and show with strength that they could push this back down. And they did, 250 pips. And you can see this strength kinda coming in in a typical impulsive, corrective, and impulsive, corrective structure here.

So we had a relatively good idea in terms of trade location at 1.55, and so we said ok, we literally said on Sunday, look, we are looking to sell, if you’re bearish you wanna be selling at 1.55, and we don’t need a large stop loss on this. We feel that the corrective structure will hold and because the offers held 1.55 very cleanly which you can see here with the wicks all around the same height, we don’t need a large stop loss. If the wicks are much more varied, a short, a long one and a medium one, then that would show not only volatility but a wider range in the depth of the order book around 1.55. Therefore we would need a much larger stop loss. But we didn’t have that. We had a very clean reaction from the offers here at 1.55.

So we said ok, we’re gonna look to sell 1.55 and you don’t need a large stop loss. We actually placed ours, 34 pips above, which you can see here, stop at 1.5530, and an entry at .54969. We literally ended up top-ticking the market. As you can see the high was 1.5497. So by .1 pips we got literally the best entry by .1 pips. That’s not common, it doesn’t always happen that we get that perfect entries. I literally missed another trade today by a pip. That’s just gonna happen, that’s part of it. Sometimes you’re gonna get these little gems that hit perfectly. But when you find good trade locations, you should have relatively good entries, near where the market stalls and turns.

So, because of that, because of this reaction here, we can have a tight stop loss, you shouldn’t need a large stop loss if you can find good trade locations. Now, in terms of our target, the offers that held here at 1.55, they pushed it all the way down to 1.5250 before some impressive bullish momentum came back in the market. And the change of hands happened here. So we’re expecting the bears to try and target this. If they’re gonna show that they have equal strength in the market, then they’re gonna want at least tag this and say ok we’re gonna push you back to where you started. So that’s our target.

We do see an interesting role-reversal level here on 1.5375, so you can see this is an interesting role reversal level. The market might get stuck here, and if it does, we may take some profit and neutralize all the risk at that point. But if we get below this here, then I see relatively clear or smooth sailing down to .5250. So that would be a 250-pip profit on a 34 pip stop. So we’re talking about a +8R.

Briefly I wanna talk about the entry in terms of how we placed the entry and time and everything like that. And then we’ll wrap this up.

To make sure we didn’t place any confirmation price action signal. We don’ wait for confirmation price action signals. Those lower your accuracy, they lower your profitability and they give you worse locations. There was no pin bar on the 4hr chart, there was no pin bar on the 1hr chart, or anything like that. And on the daily chart there was an interesting one here but assuming you got the 50% you know, retrace tweak entry, you’re not getting in till here so you’re missing this.

Now let’s be generous. Let’s say you absolutely top-ticked the daily candle today and you got an entry. Where’s your entry? The high is .5445. Your stop has to be above .55 now. So you have a 55 pip stop with right now about a 70 pip profit. You’re barely up 1R at this point. We on the other hand got in at 5496 with 34 pip stop. So while you’re just cracking your first +1R, we’ve already got 4 times the profit as you do. So you can see how waiting for confirmation price action signals reduces profitability tremendously. In this case by 400%. And it gives you a much larger stop loss if you do it waiting for a confirmation price action signal and you might’ve even missed this trade completely. So it lowers your accuracy, and it lowers your profitability massively.

So that’s very important to note. Lastly, you shouldn’t have to be waiting for 2, 2.5 weeks for a trade setup to materialize. If you have to wait 2.5 week for a trade setup to materialize, then you’re not reading price action. You’re not trading, you’re missing opportunities like this all the time. ’cause these happen quite a lot and way more frequently than 2.5 weeks. We aren’t waiting for that long. We posted this on Sunday, it hits on Monday and we’re already well into profit not only on Monday but on Tuesday as well.

So, if you’re having to wait around for 2.5 weeks to find good trade ideas, then you’re not reading price action correctly and you’re not actively trading the market and if you’re not active, you actually slow your learning curve and you actually make it harder to build up your skillset. So these are a couple of points we kinda wanna mention and make sure you understand.

Now, if you are interested in learning how to trade price action the way we do, then make sure to check out my advanced price action course where we’ll teach you how to find premium entries like this, how to read the price action context properly, how to find trades that you don’t have to wait around for weeks on end. And how you can get better stop loss placement, a higher profitability on the same trade ideas.

So, if that seems interesting to you, make sure to check out our price action course. Also make sure to come by and check us out at dev2ndskies.wpengine.com, where we post market commentary and trade ideas like this as well, along with a bunch of other free articles and videos.

Other than that, I hope you enoyed this video, I hope you enjoyed the explanation on this and the demonstration of how I trade and what I teach to my members. So with that being said, I wish you good luck in the markets, make sure to comment on the video below, what you got from it and other than that I wish you good health and good trading. Take care everyone.”

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The Price Action Confirmation Myth & the Retail Mindset

This is part 1 of a 4 part forex price action strategy series. Read the next one here: The Blind Entry (How It Will Leave You Trading Blind)

I can always tell where people are in the trading process based on how they speak about confirmation. Why is that? Watch, and find out!

Here’s the transcription for the video:

“There’s a really big misunderstanding about confirmation.

When I hear people talk about confirmation and how they talk about confirmation, I can always tell where people are in the trading process based on how they speak about confirmation. Why is that?

Because there’s been this proliferated idea in the trading education world that to trade a setup or trend or something like that you need this thing called confirmation and the confirmation comes in the form of a pin bar, an engulfing bar, an inside bar or whatever.

So that’s the general idea that’s out there when it comes to trading price action.

The thing is, is that when I hear somebody talk about price action in this way, I know exactly what level of trader they are and what level of trader they’re not, because how somebody speaks about confirmation is very indicative of where they are in their trading process.

If a trader is looking for confirmation that a trade will work and they’re doing this because they’re saying “ok, we gotta wait for a price action confirmation signal from support or resistance“.

Well, where does this idea and need for confirmation come from? It comes from a beginner’s understanding of trading.

Why is that?

Because beginning traders are looking for certainty in the market. They’re looking for solidarity, they’re looking for something really really potent that says “I need confirmation”.

The reason why they need confirmation is because they don’t trust price action, they don’t trust their skillset.

They don’t trust trading as a whole. They don’t trust trading with trends, they don’t trust reversals. They don’t trust support and resistance, they don’t trust price action as a whole.

In the beginning, traders want solidarity, they want certainty. And because of that, they’re looking for confirmation in the form of a pin bar or something like that.

The pin bar ‘confirms’ that this trend is going to continue.

The thing about it i,s is that this is something that professional traders have let go of that a long time ago. And they have to let go of it to become a professional trader.

The reason why that is, is because that idea of certainty, of confirmation and the way that a beginning trader is looking for it, that wanting things to be really certain, that A++ setup.

Where that comes from is a beginning understanding of trading.

“Professional traders don’t look for certainty, because they’ve realized it’s an illusion.”

What professional traders are looking at, which is a different perspective, is trading and thinking probability.

So if you hear somebody talking about confirmation, “we wanna trade with the downtrend and we’re gonna wait for a pullback towards resistance and a pin bar off that resistance as confirmation that the trend is still in play and we can trade it“.

How many have heard that story before?

The reason why you’ve been told that is because the people who are teaching that aren’t trading professionally.

If they were you would know this, and all professional traders would know this because professionals aren’t looking for confirmation signals via a pin bar.

So if you hear somebody talking about that, you know where they are in terms of their level of trading.

They’re still a beginning trader themselves, and if you think about it, if somebody is talking about an A++ setup or they’re saying “hey, we’re waiting for a pin bar from resistance for confirmation“, besides the fact that I would suggest running from them as far as possible, because they’re still beginning traders.

You have to ask yourself “look, if you’re only willing to wait for a pin bar or an inside bar, or a false break, if you’re only willing to wait for those signals before you enter the market, well then you really don’t trust price action, do you?”

You don’t trust trends, you don’t trust price action context, impulsive vs. corrective, volatile vs. non-volatile trends, you don’t trust support and resistance, you don’t trust your own ability to trade.

You have to wait for all these other things to be in place and then this one final supposedly magical pattern and supposedly there’s only like 3 of them, which is amazing to me that this idea is actually out there, that there’s only 3 possible ways that the market is telling you a trend’s going to continue.

I don’t know about you but that seems kind of absurd to me. It seems a little insane to think that a market that is so complex, across so many players, across trends that continue.

Confirmation via a pinbar is an illusion, it’s a beginning way to look at trading.

So, your job as a professional trader… you know you’ve kinda crossed the Rubicon and made a big leap in your trading when you look at trading in terms of probabilities, not confirmation in the ordinary sense.

Confirmation, the way it’s normally talked about is a very dubious notion. It’s a very slippery idea that doesn’t really exist in the way you think it does.

If you’re constantly looking for those things you’re going to miss thousands and thousands of pips in a trend that is already well-esablished.

If you’re looking for confirmation, you won’t be able to make this trade and this trade and this trade and this trade. And that’s… what is that? +240-250 pips?

In a period of, what, 3 days? On one pair? You won’t be able to do that.”

This is part 1 of a 4 part series. Read the next one here: The Blind Entry (How It Will Leave You Trading Blind)

Have you been trading price action via ‘confirmation’? If so, I want to hear from you and what you see as the difference, so please make sure to comment below.

Was this article helpful? Please make sure to like, share and tweet it below to anyone you think can benefit from this.

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(Video) Forex Live Price Action Trade +140 Pips USDCHF

Watch as I execute a live price action trade on the USD/CHF. Currently up +143 pips, I explain my entry, stop loss placement and why I took the trade.

Here’s the transcription for the forex trading video:

“Hello traders here. Chris Capre, 2ndSkiesForex.com.

Today I have a live price action trade here for you on the USD/CHF where I’m going to explain my entry, my stop loss, my take profit levels and why I took the trade.

As you can see from the chart, I’m up about +143 pips roughly at this point and it matches down here in the platform. You can also see that this is a real money account.

FXCM with all their platforms whether you’re on the institutional platform, the Active Trader, or the more common retail one which is their Trading Station 2 with New York Close forex charts will always say real when it’s a real money account and it will say demo when it’s a demo account.

Moving on to the trade here, we can see it was opened about 24 hours ago, it’s about 6 4-hour candles.

I’ve been talking to my members about this in my price action course, that the 0.95/0.9525 is a key support level.

On the 20th, the bids held this area really well, you can see there was kind of a lot of absorption of the offers here and they eventually started to push back and in that process the market tried to come back a little bit but then the bids stepped in and pushed it up another leg higher.

So I was thinking that it may not come back to the 0.95 level again so I was willing to get in at 0.9529.

I don’t consider this a textbook entry as you can see, it did go to about 0.95 again, so that would’ve been the textbook entry.

So my entry wasn’t perfect by any means, but the overall trade location was solid, this range support area has held 3 times now, so this is a really good trade location.

My stop loss placement was just a few pips below the low of the lowest push below this 0.95 here. So I have at this point a 54 pip stop and being up about 142 pips gives me almost about a plus +3R, it’s about 2.6.

Now, in terms of my target, it’s at 0.9825 and that’s the most recent spike highs.

So assuming that the bulls are gonna continue to maintain this range, at a minimum they should attack about this high right here at 0.9750 which would still offer me about +4R, but I’m gunning for this one here, expecting that it’s gonna try and make an attack up here and that would give me about +5.5R.

In terms of trade management, if the price action attacks this 0.9800 handle or above here pretty aggresively, I may be open to lifting the limit and then gunning for a larger move back towards parity or maybe 0.9950, which would add a lot more profit and R onto the trade.

In terms of the stop loss management, at this point I’m likely gonna lift the stop pretty soon here, and lock in some profit soon, perhaps just under 0.96, which would be this kinda area right over here.

And that would neutralize all the risk and lock in some profit and be in a risk free trade at this point.

But that’s pretty much it in terms of my entry, stop loss, take profit location and my price action analysis behind this.

I’m simply playing the range here, it’s a medium term range structure and so I’m playing the range on both sides, with a slight bullish bias right now.

But did you find this lesson useful?

Please make sure to like, share and tweet it below, and I’d love your comments on this and what “a-ha” moments you had from this.

Also make sure to check out my website, dev2ndskies.wpengine.com, and check out all the free forex trading articles and videos there.

If you want to take your training to the next level, make sure to visit my price action course, where I teach you how to make + high R trades, just like this.

And that’s pretty much it, this is Chris Capre with dev2ndskies.wpengine.com where I teach you how to change the way you think, trade and perform.”

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(Video) Pyramiding Trading Strategy +300 Pips

In this video I show two live price action setups where I am using the pyramiding trading strategy to trade with the trend, maximizing profit.
You can learn more about pyramiding into trading positions in my price action course where I use these exact same strategies to trade the market each day.

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(Video) Pyramiding Trading Strategy +200 Pips

In this video I share two live trade setups using a pyramiding trading strategy. The goal of pyramiding into trades is to maximize profits when trading with the trend, adding onto positions at key points thus compounding profits and +R.

Here’s the transcription for this Pyramiding Trading Strategy video:

“Hello traders here, Chris Capre, 2ndSkiesForex.com.

Got another live price action trade setup on the dollar yen this time, actually got two trades, so I’ve added on to my positions.

I’m going to explain the price action analysis behind why I got in this trade, what level I bought at, why I bought here, where my stop loss was, how I’ve adjusted the first position, why I got in the second position, and my targets.

So let’s get into this.

Right here as you can see, this is my first entry on the trade, so we’re still in a bowl trend right now, so I’m, because the trend is volatile, I’m looking to buy on pullbacks, if it was a non-volatile or highly imbalanced trend, then I would be looking to trade shell pullbacks or breakouts.

But this is not, we’re in a volatile trend, so I’m looking for pullbacks to prior resistance levels, turn support, or role reversal levels.

So after forming a prior swing high here, we broke above it, stopped at about 115.50, pulled back to 114.10 roughly, went right back to the same resistance, sold back off, and then started to slow down.

The selling just sort of slowed down, you can see all these wicks here, suggesting buyers are willing to step in just above the level.

Eventually, they got to the level, so I got in on the level, I didn’t wait for the candle to complete itself, I wasn’t trading a pattern, I wasn’t trading any sort of one or two **or** pattern, or anything like that.

I bought on the level because that’s where I felt that the buyers were going to come back into the market, and they ended up doing that, they went a little bit past this here.

My original stop was right about here, it was about 46 pips below, so I got in at 114.09, my stop was at 113.63, so 46 pips, and since the market took out the prior double top and highs and went past that, then after that I adjusted my stop below here on this position.

So, why did I choose to put my position or my stop-loss on my first position right here? So, my current stop-loss is at 114.61, which is 52 pips, so, +1R is locked in.

Why did I use that location? Well, strong buying interest emerged shortly after the level here, and, you know, bought it for 6 or 5, or 6 2R, 6 2R candles in a row, so 12 hours in a row.

Impulsive buying, followed by a corrected pullback, followed by more impulsive buying. so, if you look at this leg here, compared to this one, this one’s sharper, which means that either the current bowls added on to their positions on a pullback, or new players came in to help push this thing higher.

My guess is the latter, newer players came in, adding to the positions that were long, and so, if a fair amount of new players came in and added on to their positions here, ahead of resistance, with the intention of taking it out, then I suspect that any pullbacks towards here, would be defended.

So I put mine just below this here and literally a pip below this, at +1R right now.

Now, the prior resistance here, which can be considered to be here to here, acted as support initially, the pair bounced off of 15, 115, re-attacked 116, then sold off, but then it’s kind of slowed down again a bit here, and so if we look at say, the 15 minute chart here, we can see, you know, the market was slowing down into it, some buyers were trying to push this thing back up.

It broke below 115 and made a new intraday in low, but then immediate buying ensued after that, and that didn’t really make sense to me, or it does, in the sense of if the bears are really in control, they would have been able to keep pressing and pushing lower, but they didn’t.

Bulls stepped in, so I’m guessing this was some sort of stop flush, maybe people bought at 115, and so, they bought up, market pulls back to 115 and then the buyers come in really strong and earnest and push back up again another, what, hour and a half of straight buying.

I bought once we got back up above this level, and so I got in at 115.19, and so I’m currently up 44 pips on that one, adding on to the position.

Since then, the market has held above this former resistance, now support, and so it’s going to retest the bears at 116.

Because it’s been in a large range and it continues to find buying interest, I think it’s going to make a decent challenge here, if it clears it, then I’ll start adjusting the stops to lock in more profit.

So, I have essentially added on to this position, because I expect the market to continue moving. The stop loss on the second position is just below the intraday low, and so right now, the stop is, the entry is at 1519 and the stop is at, it should show me here, the stop is at 114.87.

I literally have about a 32, roughly, 32 pip stop, so I’m up +1R on that one there.

The other position is up over +3R, so about +4R right now, and again, once we take out 116, then I’ll start adjusting the stops a little bit higher, I’ll definitely lock in some profit on the second position.

In fact, if it holds above 116 nicely, and correctively pulls back to it, then I may add on to another position here, expecting this market to continue to move.

Now in terms of where my targets are, zooming out to the weekly chart, my first target is actually the higher position, the second position that I added on to.

So, that target is right here, just under 120, I’m suspecting it may run into some resistance, just a little bit short of it, maybe 118.50, 119, but barring that it can clear 117.73, which was resistance over here, and some over here.

Then from here, I’m expecting it to make it up to at least towards 118.50, 119, and then probably run into some seller, maybe some auction players who will protect 120, so I’ll take profit just before that there.

The second position, if the market should break 120, and then they get past 121 and a half, then I’m going to expect it to challenge this peak here at 123.40, roughly. So that’s back from 2007, and so at that point, then I expect some major sellers to come back in, or at least some heavy profit taking.

So, if you look and do the math of that, going back to the two hour chart, so the first position I got in at 114.09 and that had a 46 pip stop. The final target on that one is 123.21, so we’re talking a 912 pip target, with a 46 pip stop loss, that’s a 19.8R. Will it get there in a straight line?

Possibly, possibly not. It may, the market may start to reverse here, collapse below these lows, and then trigger my stop at 1R, that’s a possibility. But, if it can take out 116, and as the market progresses, I’ll trail on, continue to lock in profit and take advantage of it. If it doesn’t, then I want to be out of the trade.

The second position up here, had a 32 pip stop, and with a target at 1990, has a 471 pip target, so we’re talking a +14.7R on that one there.

So, all in all about a +33R available on this one there, 34R, but that’s if it makes it all the way up, that could take some time, and maybe it won’t, maybe the market won’t go that far, maybe it’ll stop here, maybe it’ll stop at 117.70.

Again, my intention is to capture as much of this as I can, and add on positions when it looks appropriate, when the price action is supported of it, and if the market kicks me out, on my trailing stops, then so be it.

I’m already up at this point, you know, +3, 4R between the two positions, if the first one gets stopped out for -1R, I still have at least a couple R locked in on the second one there.

So, I hope you enjoyed this video, this price action commentary, the analysis behind it. One last point I do want to make about this here is, this trade right here, so, with the 32 point stop, the high on the day was 115.72, so I was already up about plus 60 pips on this one here.

Remember that thing I said in the last video? That you shouldn’t have to wait, more than a day to get +2R? Well this one thing puts 2R within a very short period of time.

Again, if it’s taking you days, and days, and days, and days, maybe weeks or holding a week to hit +2R, then your entries are inaccurate, and your stop loss isn’t precise enough, and you have 2R to take profits or inefficient to take profits.

There’s no reason why you should have wait days on end for +2R, it happened every single day. This one did in about 23, 24 hours, this one did it inside a day.

So, I hope you enjoyed this. Please subscribe to the channel, comment anything below, check out our price action course at dev2ndskies.wpengine.com.

These are the same strategies I teach, and if you would like to learn how to make trades like this, then feel free to join the course and learn these same methods. So I will bid you all adieu. Good luck trading everyone!”

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(Video) Forex Price Action Live Trade Setup +142 Pips AUDUSD

Here is a live price action trade setup I took on the AUDUSD which ended up with a net profit of +142 pips.
I’ve also attached a screenshot of the broker trade report demonstrating this was a live trade and what the net profit was as I didn’t get a screenshot before the green arrows went away.
screenshot broker statement live price action trade +142 pips profit audusd

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(Video) Live Price Action Trade Setup +7R | +216 Pips Profit

Here is a live price action trade setup I made on the EURJPY, using only a 30 pip stop and a +216 pip target. The trade profited +7R, with the final trade result and screenshot below.

eurjpy 2hr chart live price action trade oct 31 2014 v1

Enjoy this EUR JPY forex trade video and want to make trades like this? Join my Price Action Course where you can get access to my daily trade setups commentary, live trade setups forum, private member webinars, and more.

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(Video) Live Price Action Trade Setup – Dow Jones

Here is a video of a live price action trade setup on the Dow Jones showing my entry, SL and TP. This trade ended up profiting +7R after holding the entry level perfectly.
Watch the video for  a detailed description of the price action context, along with my strategy for taking the trade, SL and TP placement.
Want to make trades like this? Click here to become a member of my Adv. Price Action Course.