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Watch Professional Trader Share Live Trade on GBPUSD +120 Pips

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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/
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Text Comments (44)
vibhor babbar (2 months ago)
I am from India so which trading platform should i use ??
2ndSkies Forex (1 month ago)
Hello Vibhor, From what I understand, India has some restrictions on which brokers you can use. Which ones are available to you and what platforms so I can recommend one?
The Maker (3 months ago)
If you held that gbpusd trade you would been over the 20k pips profit today :)
2ndSkies Forex (3 months ago)
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.
Delsin Rowe (10 months ago)
Thanks bro, some people are not risk averse and want as many significant resistance/support level as they can for a good confirmations.
2ndSkies Forex (9 months ago)
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.
Nicolai Brix (1 year ago)
Using traling stops?
2ndSkies Forex (1 year ago)
Hello Nicolai, I adjust my SL using price action context and structure. So not your typical 'trailing' stop.
America's peace Love (1 year ago)
No it is a bad idea to wait for a long time to get the correct price to enter, it makes you make wrong decisions....
2ndSkies Forex (1 year ago)
Waiting doesn't 'make you make wrong decisions'...not having proper training and mental execution does. Do you really think professionals don't wait for their price? Food for thought.
AdiL oSaFi (2 years ago)
just dont feel pls :)
souldrop1000 (2 years ago)
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 ?
2ndSkies Forex (2 years ago)
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. Kind Regards, Chris Capre
Marco Picos Sol (2 years ago)
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?
2ndSkies Forex (2 years ago)
So what you're talking about here is trade management which is something we cover in detail in the Advanced Price Action Course. Kind Regards, Chris
Marco Picos Sol (2 years ago)
I mean, do you have some rule about what do you expect from a winning trade? like "if it doesn't go in my direction the next 2 days, I will close"
Ricky Castillo (2 years ago)
Hi! What's the blue and red lines represent in the graph?
2ndSkies Forex (2 years ago)
Hello Ricky - the green dotted line at the top shows the entry, while the purple/blue dotted line on the bottom shows the limit. Hope this helps. Kind Regards, Chris
Ricky Castillo (2 years ago)
Yes. the dotted lines.
2ndSkies Forex (2 years ago)
Hello Ricky - do you mean the dotted lines?
Nice trading buddy!
TomArmstrong (2 years ago)
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.
2ndSkies Forex (2 years ago)
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.
ddstar (2 years ago)
120 pips.. so captured a 0.80% move in the market? Grats!
Mike Brophy (2 years ago)
+ddstar you are very clueless lol.
2ndSkies Forex (2 years ago)
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.
TomArmstrong (2 years ago)
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.
2ndSkies Forex (2 years ago)
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. Kind Regards, Chris Capre
ddstar (2 years ago)
+2ndSkies Forex Ignorance of mathematical fact. Good luck in your adventures of teaching people to gamble.
Fabian Ng (3 years ago)
Hello Chris, which trading platform are you using
2ndSkies Forex (2 years ago)
Hello Fabian - In this instance, this is FXCM's platform with their market scope charting.
bored trader (3 years ago)
nice trade:)
2ndSkies Forex (3 years ago)
+bored trader Glad you liked it.
ricky garcia (3 years ago)
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?
2ndSkies Forex (9 months ago)
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.
Ricardo Zapata (9 months ago)
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.
2ndSkies Forex (1 year ago)
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).
forceofnature (1 year ago)
ricky garcia number of pips means nothing without knowing pip value
2ndSkies Forex (3 years ago)
+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. http://2ndskiesforex.com/advanced-price-action-course/ Kind Regards, Chris Capre
kano b (3 years ago)
havent had a video in a while

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