Watch Pro Trader do Price Action Live Trade on GBPUSD +120 Pips

Hello traders here. Chris Capre. So, I want to share a live price action trade
that I’m in with you right now. This is actually a trade setup that we have posted in the members
commentary, trade setup commentary, in our price action course on Sunday and it activated
on Monday and here we are on Tuesday and it’s well into profit and so… I want to talk about this trade in terms of
trade location, in terms of stop loss placement, in terms of take profit, trade management
and kinda give you the overall price action context here. Now, just to make sure you know,
this is a live trade, you can see this is an open position right now, this all matches.
And also this says real right here. So FXCM, if it’s a demo account, that real will say
demo, it will never say real. So you know this is a trade I’m in with my own money right
now, that I only trade with my own money. And so, with that being said, let’s talk about
the price action context first. So, as we can wee, the GBPUSD has been relatively
in a corrective structure range. It’s about 250-300 pips high, from 1.55 down to 1.52.
Now, we had an impressive bull run, an 8 candle bull run into 1.55. But then what happened
with all that bullish momentum? It ran into the big figure at 1.55, and it kinda triple
tapped here. Suggesting that the offers were willing to hold the line here and kinda mount
a challenge and stop this momentum. They were able to eventually reverse the momentum and
show with strength that they could push this back down. And they did, 250 pips. And you
can see this strength kinda coming in in a typical impulsive, corrective, and impulsive,
corrective structure here. So we had a relatively good idea in terms
of trade location at 1.55, and so we said ok, we literally said on Sunday, look, we
are looking to sell, if you’re bearish you wanna be selling at 1.55, and we don’t need
a tight stop loss on this. We feel that the corrective structure will hold and because
the offers held 1.55 very cleanly which you can see here with the wicks all around the
same height, we don’t need a tight stop loss. If the wicks are much more varied, a short,
a long one and a medium one, then that would show not only volatility but a wider range
in the depth of the order book around 1.55. Therefore we would need a much tighter stop
loss. But we didn’t have that. We had a very clean reaction from the offers here at 1.55. So we said ok, we’re gonna look to sell 1.55
and you don’t need a tight stop loss. We actually placed ours, 34 pips above, which you can
see here, stop at 1.5530, and an entry at .54969. We literally ended up top-ticking
the market. As you can see the high was 1.5497. So by .1 pips we got literally the best entry
by .1 pips. That’s not common, it doesn’t always happen that we get that perfect entries.
I literally missed another trade today by a pip. That’s just gonna happen, that’s part
of it. Sometimes you’re gonna get these little gems that hit perfectly. But when you find
good trade locations, you should have relatively good entries, near where the market stalls
and turns. So, because of that, because of this reaction
here, we can have a tight stop loss, you shouldn’t need a large stop loss if you can find good
trade locations. Now, in terms of our target, the offers that held here at 1.55, they pushed
it all the way down to 1.5250 before some impressive bullish momentum came back in the
market. And the change of hands happened here. So we’re expecting the bears to try and target
this. If they’re gonna show that they have equal strength in the market, then they’re
gonna want at least tag this and say ok we’re gonna push you back to where you started.
So that’s our target. We do see an interesting role-reversal level
here on 1.5375, so you can see this is an interesting role reversal level. The market
might get stuck here, and if it does, we may take some profit and neutralize all the risk
at that point. But if we get below this here, then I see relatively clear or smooth sailing
down to .5250. So that would be a 250-pip profit on a 34 pip stop. So we’re talking
about a +8R. Briefly I wanna talk about the entry in terms
of how we placed the entry and time and everything like that. And then we’ll wrap this up. To make sure we didn’t place any confirmation
price action signal. We don’ wait for confirmation price action signals. Those lower your accuracy,
they lower your profitability and they give you worse locations. There was no pin bar
on the 4hr chart, there was no pin bar on the 1hr chart, or anything like that. And
on the daily chart there was an interesting one here but assuming you got the 50% you
know, retrace tweak entry, you’re not getting in till here so you’re missing this. Now let’s be generous. Let’s say you absolutely
top-ticked the daily candle today and you got an entry. Where’s your entry? The high
is .5445. Your stop has to be above .55 now. So you have a 55 pip stop with right now about
a 70 pip profit. You’re barely up 1R at this point. We on the other hand got in at 5496
with 34 pip stop. So while you’re just cracking your first +1R, we’ve already got 4 times
the profit as you do. So you can see how waiting for confirmation price action signals reduces
profitability tremendously. In this case by 400%. And it gives you a much larger stop
loss if you do it waiting for a confirmation price action signal and you might’ve even
missed this trade completely. So it lowers your accuracy, and it lowers your profitability
massively. So that’s very important to note. Lastly,
you shouldn’t have to be waiting for 2, 2.5 weeks for a trade setup to materialize. If
you have to wait 2.5 week for a trade setup to materialize, then you’re not reading price
action. You’re not trading, you’re missing opportunities like this all the time. ’cause
these happen quite a lot and way more frequently than 2.5 weeks. We aren’t waiting for that
long. We posted this on Sunday, it hits on Monday and we’re already well into profit
not only on Monday but on Tuesday as well. So, if you’re having to wait around for 2.5
weeks to find good trade ideas, then you’re not reading price action correctly and you’re
not actively trading the market and if you’re not active, you actually slow your learning
curve and you actually make it harder to build up your skillset. So these are a couple of
points we kinda wanna mention and make sure you understand. Now, if you are interested in learning how
to trade price action the way we do, then make sure to check out my advanced price action
course where we’ll teach you how to find premium entries like this, how to read the price action
context properly, how to find trades that you don’t have to wait around for weeks on
end. And how you can get better stop loss placement, a higher profitability on the same
trade ideas. So, if that seems interesting to you, make
sure to check out our price action course. Also make sure to come by and check us out
at, where we post market commentary and trade ideas like this as well,
along with a bunch of other free articles and videos. Other than that, I hope you enoyed this video,
I hope you enjoyed the explanation on this and the demonstration of how I trade and what
I teach to my members. So with that being said, I wish you good luck in the markets,
make sure to comment on the video below, what you got from it and other than that I wish
you good health and good trading. Take care everyone.

17 Replies to “Watch Pro Trader do Price Action Live Trade on GBPUSD +120 Pips”

  1. 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?

  2. 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.

  3. 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?

  4. 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 ?

  5. 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….

  6. Thanks bro, some people are not risk averse and want as many significant resistance/support level as they can for a good confirmations.

  7. Please explain to me the flaw in my analysis. The last persistent and impressive attempt by the bulls to finally break the 4H level would make me hesitant to sell let alone without a confirming candle. Why you went bearish? Thank you in advanced

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