#527: How a Client Made a 7:1 Reward:Risk Trade in under 1 Hour

How a Client Made a 7:1 Reward:Risk Trade in under 1 Hour  Podcast: Signup For my Forex Masterclass Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course Book a Call with Andrew or one of his team now #527: How a Client Made a 7:1 Reward:Risk Trade in under 1 Hour In this video: 00:30 – A great trade on the NZD/CAD H4 chart. 01:29 – The trade made an incredible 7:1 R:R. 03:05 – 2:3 R:R on the USD/CHF.  03:35 – Clients passing Prop firm challenges. 03:50 – Get onto my trading Masterclass. 04:07 - Chat with us 04:14 – Open a trading account with Blueberry Markets. We've had a client make a massive 7 to 1 reward to risk ratio trade in under one hour while we were on a live webinar. Let me explain more and how you can do exactly the same. Right now. Hey there, Traders! This is Andrew Mitchem here at the Forex Trading Coach. With video and podcast number 527. A great trade on the NZD/CAD H4 chart. Now, just earlier this morning I was on a live for us session webinar with our clients and during that session someone already had opened a four hour chat trade on the New Zealand dollar, Canadian dollar, and it's a buy trade and it was going really quite well. But at the time we were talking, the price had retrace down to the entry level because we were taking a buy limit and actually going further down towards the stop loss level. However, the stop loss on that trade on the New Zealand Canadian dollar was below the round number of 82, 0.82. And while we were talking, a number of other clients said, Hey Andrew, look, because we've got that stop loss protection, can I jump in at the market right now? And I said, Yeah, of course you can, because the trade still valid. The stop loss was holding. We'd had previous resistance levels and now we come down and we were using that 82 as a support level. And I said, Yeah, jump into the trade. And so a number of people did. The trade made an incredible 7:1 R:R. Now, within under one hour we had clients saying that they closed out of the trade, it hit the profit target before we finished the webinar and it made an incredible 7 to 1 reward to risk on that trade. So if you use my my suggested level of half of 1% risk of your account per trade, that meant that those clients made a massive 3.5%, three and a half percent gain on their account in under one hour just by being on the webinar. So what does that mean? Well, first of all, we are identifying high quality trades and we're discussing them. We're talking about them. We're saying the reasons why we're taking the trade or why we're not taking the trade. And so for me, the quality of that life in discussion cannot be underestimated. It's something you just will not get by yourself or if you on some forum site somewhere and no one really knows what it is that you're trading. We are all trading the same system, looking at the same charts at the same time, all with the common goal of helping each other. So that to me is absolutely incredible. And you cannot underestimate how valuable that is for anybody, regardless of your trading experience. If you're a brand new to trading, it's going to be incredibly valuable. But if you've been trading for a while and just to jump on once a week or every couple of weeks and just view what we're doing in real time and discuss that, that is absolute gold. And, you know, it's just shows with the returns that we made. 2:3 R:R on the USD/CHF.  I also took a trade on the four hour chart on the US Swiss franc, which made a 2.3 to 1 reward to risk not quite as high as the massive 7 to 1, but that was more random, normal reward to risk levels that we get. I've also taken some trades on the 4 hours and 8 hours that are still open behind me right now, but just goes to show what happens when you build yourself a community like minded people all around the world. And so that's how we can help you to achieve your trading goal...

Episode Transcript

(00:00):
We've had a client make a massiveseven to one reward to risk ratio trade
in under one hour while we wereon a live webinar. Let me explain
more and how you can do exactlythe same right now, Hey, the

(00:23):
traders is Andrew Mitcham here at theForest Trading Coach with video podcast number five
hundred and twenty seven. Now,just earlier this morning, I was on
a live US session webinar with ourclients, and during that session someone already
had open a four hour chart tradeon the New Zealand dollar Canadian dollar and
it's a by trade and it wasgoing really quite well. But at the

(00:47):
time we were talking, the pricecenter trace down to the entry level because
we were taking a by limit andactually gone further down towards the stop loss
level. However, the stop losson that trade on the New Zealand Canadian
dollar was below the rand number ofeighty two zero point eighty two, And
while we were talking a number ofother clients said, hey, Andrew,
look, because we've got that stoploss protection, can I jump in at

(01:11):
the market right now? And Isaid, yeah, of course you can,
because the trade's still valid. Thestop loss was holding. We'd had
previous resistance levels, and now wecome down and we were using that eighty
two as a support level, andI said, yeah, jump into the
trade, and so a number ofpeople did. Now within under one hour
we had clients saying that they closeddown to the trade. It'd hit the

(01:33):
profit target before we finished the webinar, and it made an incredible seven to
one reward to risk on that trade. So if you use my suggested level
of half of one percent risk ofyour account per trade, that meant that
those clients made a massive three pointfive percent, three and a half percent

(01:57):
gain on their account in under onehour, just by being on the webinar.
So what does that mean? Well, first of all, we are
identifying high quality trades and we're discussingthem. We're talking about them, we're
saying the reasons why we're taking thetrade or while we're not taking the trade.
And so for me, the qualityof that live in discussion cannot be

(02:20):
underestimated. It's something you just willnot get by yourself, or if you're
on some forum site somewhere and noone really knows what it is that you're
trading. We are all trading thesame system. Looking at the same charts
at the same time, all withthe common goal of helping each other.
So that to me is absolutely incredibleand you cannot underestimate how valuable that is

(02:42):
for anybody, regardless of your tradingexperience. If you're brand new to training,
obviously it's going to be incredibly valuable. But if you've been trading for
a while and just to jump ononce a week or every couple of weeks
and just view what we're doing inreal time and discuss that that is absolutely
gold. And you know, itjust shows with the returns that we made.

(03:04):
I also took a trade on thefour hour chart on the US Swiss
frank which made a two point threeto one reward to risk, not quite
as high as the mass of sevento one, but that was more around
our normal reward to risk levels thatwe get. I've also taken some trades
on the four hours and the eighthours that are still open behind me right
now. But just goes to showwhat happens when you build yourself a community

(03:27):
alike minded people all around the world. So that's how we can help you
to achieve your trading goal. Sowe've got a number of people that are
now passing prop firms as well anddoing really well there, and that's yet
another income stream for people who oncethey know what they're doing, they can
go and explore that avenue if that'sthe way you want to go. So

(03:49):
a few things to help you here. If you've not been on my master
class, I suggest you jump ontoit. It's a forty five minute on
demand session. It explains various tradesthat we've taken and explains how we trade
and how we can help you.I'll put a link to that on this
post or video wherever you're watching.If you'd like to have a chat with
myself or one of my team,I will give you the opportunity to do

(04:12):
that again. I'll put link here. And if you're out there looking for
a very high quality broker that offersa huge number of different markets on the
Empty four and the Empty five platform, I can highly recommend Blueberry Markets.
We have a large number of ourclients who choose Blueberry Markets. Ultimately,
it's up to you to go anddo your own due diligence and trade who

(04:33):
you feel comfortable with through who youfeel comfortable with. But I can highly
recommend the team at Blueberry They're areally good bunch of people, and I've
been with them since their beginning andI've found them exceptionally good. So I
have a look at Blueberry Markets andagain I'll put a link to them here.
So that's it for today. Ihope that helps. It just shows

(04:54):
what happens when you join a communityof people all trading one strategy. Think
about that se even to one rewardto risk trade. In other words,
half percent risk, three and ahalf percent banked in your account in under
one hour, all while on awebinar with myself. So that's what we
do. That's how we help peoplemake it work for them. If you'd

(05:15):
like to know more, feel freeto contact us or email me directly Andrew
at Theforest Training Coach dot com andI will personally reply back to you by finet