Watch Professional Trader Share Live Trade on NZDUSD +100 Pips - YouTube

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.

So 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.

So 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.

So 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.

So with 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.

So 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, 2ndskiesforex.com,

where I have other videos, resources like these.

Until then, I bid you all adieu, good luck trading, I hope you're healthy and happy.

Take care everyone!