Intraday Price Action Trading - Breakout of Key Level | Forex
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Video of a live price action trade I recently took on the NZDUSD using intraday price action analysis on the 5m chart. For more free articles and videos on price action trading, check out my website at http://2ndskiesforex.com/.
Comments
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Nice!! Was a joy to see your trade for the day. Thanks for sharing. Its people like you who give me inspiration to trade.
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Nice.. That helped alot... Not many videos out there that cover a trade in this much detail... Subscribed... Cheers
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You neglect to mention that the spread to profit ratio is amplified hugely on low time frames.
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Are you using tradingstation for your charting
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Hello Harley, You mean the one at the bottom? How does that influence my trade at the top which is virtually 100+ hrs later? Or the fact that the counter-trend move turned impulsive and formed consistent HL's (higher lows)? Seems meaningless imo in the context of things concerning this trade whether it was a gap or not now doesn't it? Kind Regards, Chris Capre
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That big red bar is weekend gap on my broker, surely you know that?
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Hello Paladinh - who has a 3 pip spread on the NU? That is huge for the pair. I trade on an institutional server thats barely over a pip which means only 1/9th of my stop. But are you saying prof. traders are not using lower time frames? Where did you get that idea? I could list about 10-20 programs from various prop desks (that also train students) & they all trade on the lower time frames.So there seems to be a confusion about what time frames professional traders trade.Kind Regards-Chris
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on that pair if you have 9 pip stop and the spead is 3 pip your entry is quite risky becouse 30% of your stop is actualy is spead and an uexpected suden spead widening and you are stoped out. Absolutely true what you said about that you could fine a opportunity smaller timeframes as well but professional traders not involed them self trading on the smaller time frames becouse of the volatility of those ...
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Thank U SS! love u for this
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Hello IRB, Thanks IRB. Tis appreciated. Kind Regards, Chris Capre
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Superb trading on a lower TF.
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Hello Spindain, Thanks for the positive comments and glad you liked it. Kind Regards, Chris Capre
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Thumbs Up........ Nicely Explained..