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]
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:
join the conversation on:
and see what I'm up to:
Uhh, sure, but 1) that's not part of my plan, and 2) it's easy to point these things out in hindsight. Could have easily been 20K pips in the negative! Overall, there's really no point in talking about hypotheticals when it comes to trading.
Hello Delsin, yes, many people want 'confirmation' when there is none. There is only 'probability' in this game, and you have to think and trade that way. Searching for 'confirmation' which doesn't exist only causes one to miss perfectly good trading opportunities and totally hurts your trading mindset, so glad you've caught onto this.
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 ?
Hello Souldrop1000 - the first sell off from the level on 10/12 started off corrective but then became impulsive. So not entirely accurate that the entire pullback is corrective.
ST there is 'some' presence of what you say, but the overall dominant structure and order flow behind this is more prevalent to the bearish side, and that is what is being traded, not the micro structure.
Hello Scoobly - yeah many people are starting to catch on how candlesticks and or using confirmation via 1-2 bar patterns (like pin bars, engulfing bars, inside bars, etc) can give a worse entry + lower RR while not using confirmation can give a much better entry and profitability. So good on you to recognize this.
Hello Scoobly - yes this is exactly the key point as leverage doesn't matter, nor does it matter how much the market moves because we're not entering from a place of equilibrium where the market can move a min x pips.
Risk to reward + trade location matters in this case - not what the market on avg. moves.
DDStar. From my own experience, it doesn't matter how much the market moves, its what your risk to reward is. Its also got nothing to do with leverage. If my risk is 100 and I get 3R, I make 300. Doesn't matter if it was a 10 pip move, or a 1000 pip move.
Ignorance is either 'not knowing', 'not aware of', or 'choosing to ignore', none of which apply to me in this case. I'm well aware of all the above and understand the mathematics behind this concept quite well.
Your 'math' assumes that because an avg move is likely, that it will likely manifest at any and all trade locations, which is not a correct assumption.
But if it was such a mathematical fact that would affect my students and my methods, then none of my students would be profitable over a long enough term - which I've already demonstrated they are profitable, especially while trading the GBPUSD, and other instruments.
But best of luck and good health to you.
Hello Ricardo - Seems you haven't got your facts straight. We've already published our verified results for 2017 showing I make money trading and that my stats are quite impressive (https://2ndskiesforex.com/forex-videos/chris-capres-verified-forex-trading-results-2017/). And considering we've shown our students make money trading as well, clearly our courses are not 'stupid' and that you don't know what you're talking about and are confused. Best of luck - clearly you need it.
2ndSkies Forex you didn’t answer the question mr guru! 💪🤬🖕. You are a fucking sales man not a trader. You sell courses. Just answer the questions asked and stop answering them with your fucking stupid ass courses.
I'm going to disagree here and state what's more important is overall gain vs loss on the trade. So if I had a 300 pip gain on a 300 pip stop, that would be a +1R gain. With a fixed risk % per trade, we know what that gain is relative to the account's performance.
Now if it's a 300 pip gain on a 50 pips stop, then we have a +6R, which is a much different trade, and the +300 pips now means more relative to the account's performance. So I consider these more of a measure of a traders ability over 100's of trades vs pip value (which is relative to every individual and their overall wealth).
+Rene garcia Hello Rene, what's so crazy about it? It's capturing a two day directional move. When you build your skill set up, you'll be able to capture these as well.
If you want to learn how, check out my advanced price action course where I teach these same methods.
You do not need to calculate payroll premium if your policy is on a stipulated billing cycle.
Sample Payroll Report.
However, if your policy is not yet on a stipulated billing cycle, this is typically what you will see when we send you a payroll report.
A split payroll report is sent when there is an Anniversary Rating Date on your policy, which is the month and day that rates, rating plans and rating systems are initially applied to a policy in force and each annual anniversary thereafter. Your payroll will need to be annotated for each period specified.
Sample Split Payroll Report.
We will need a complete employee job description before we add the classification to the policy. Please do not report payroll in the new classification until it has been reviewed and endorsed to your policy.
Job Duties Questionnaire.
We recommend you keep a copy of your previous payroll reports and payroll records for at least seven years, as you would your tax records.
Submitting Payroll Reports.
There are three different ways to submit your payroll reports.
State Compensation Insurance Fund P.O. Box 7441 San Francisco, CA 94120-7441.
Free payroll reports.