Watch Professional Trader Share Live Trade on GBPUSD +120 Pips | Forex
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Here is a live forex price action trade setup on the GBPUSD which is up +120 pips of profit and +4R. In this video, I'll explain the price action context behind the trade, trade location, why I chose my tight stop loss and particular take profit, along with trade management and risk to reward. [more info below] Video Timeline: 00:24 - a trade setup posted in our members trade setups forum 00:51 - showing it's a live price action trade with real money 01:11 - starting with price action context and the large corrective structure 02:00 - explaining our entry for our live price action trade 02:50 - explaining stop loss location 04:00 - talking about a role reversal level 04:45 - discussing how we don't trade with price action confirmation signals 05:00 - how pin bars decrease profitability and accuracy 07:12 - showing you how you can make these trades with our price action course Subscribe to my channel: https://www.youtube.com/user/SecondSkies?sub_confirmation=1 Visit the site at: https://2ndskiesforex.com/ join the conversation on: https://www.facebook.com/2ndSkiesForex https://twitter.com/2ndSkiesForex and see what I'm up to: https://www.instagram.com/chriscapre2ndskiesforex/
Comments
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hey chris, so 10/12 was an impulsive move to the level which was followed by a large corrective structure with another impulsive attack starting after 10/28 to the level where you shorted .. wouldn't this impulsive buying followed by large corrective structure followed by another impulsive buying at a worse price (higher high ) indicate that there is a confidence and strength from the buyers side and breakout above the level is likely ?
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how do you handle losing trades? for example if you put your order at some level, and you see prices going against you, do you wait until your SL is touched? or do you close it?
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Hi! What's the blue and red lines represent in the graph?
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Nice trading buddy!
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Interesting idea of not using PA confirmation. I'm heavily into my Japanese candles but I can see how not using them would make for better entries and greater RR. Enjoyed this video, thanks.
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120 pips.. so captured a 0.80% move in the market? Grats!
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Hello Chris, which trading platform are you using
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nice trade:)
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were you able to capture all 300 pips? that would be CRAZY! im curious to see where you took your profit (if taken) and why?
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havent had a video in a while