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January 28, 2024 6 mins
Trading Full Time in 30 Minutes a Day  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 #532: Trading Full Time in 30 Minutes a Day In this video: 00:31 – At the beach and trading just twice a day. 01:04 – 2 trades taken on the D1 charts and 1x H8 and 1x H12 trade. 02:10 – Look at the charts twice a day. 02:46 – A 3% gain from Wednesday’s D1 trades. 05:18 – View my Masterclass. 05:30 – Book a call with us. 05:39 – Blueberry Markets. In today's video and podcast, I'm going to explain why I much prefer trading the longer timeframe charts. Looking at my charts a couple of times a day and being able to enjoy life. So let's talk about that more right now. Hey, the traders, Andrew Mitchem here at the Forex Trading Coach with video and podcast number 533. Something a little bit different today. At the beach and trading just twice a day. I'm at the beach. This is called Rabbit Island, just out of Nelson. Now, way back there somewhere, my daughter and her friends on their horses going for a ride. Why am I telling you this? Well. Because that's the beauty of trading. The longer timeframe charts. You know, I don't need to be sat at home right now, sitting on my computer, just glued to say, like five minute charts, 15 minute charts, just waiting for something to happen, almost forcing something to happen. Because that's when I'm ready. 2 trades taken on the D1 charts and 1x H8 and 1x H12 trade. Instead, I took two trades today on the daily charts. I took a sell on the Pound/Franc and I sell on the US/Franc and I'll take in a buy trade on the Pound/New Zealand and a buy trade on the Euro/New Zealand on the 8 and 12 hour charts. So four trades, they took me maybe 15 minutes all up earlier today at the 5 p.m. New York change of day to look at my charts, put the trades on after six because that's when the spreads drop. I'm using limit orders anyway, so it doesn't matter where you live in the world or what your time schedule is, you can take those trades and that then frees me up for the rest of the day. I'm going to have a look at later tonight my time, which is then 5 a.m. New York time, and at that time I'll scan through the 12 hours, the 6 hours, maybe the 4 or the 2It has nothing happening on the higher timeframe charts, but most days we tend to stick to the 6 and 12 hour charts. Why? Well, because there's plenty of opportunities there. Look at the charts twice a day. And so what that means is by looking at my charts just twice a day, I can come and do things like this. I'm probably spending half an hour, absolute max chart time. I know the pattern, so I'm looking for the currency pairs. Well, I'd look at strength and weakness, but if the currency pair is showing the setup to me, it doesn't really matter what the pair is. Just because I live here in beautiful New Zealand does not mean I wouldn't need to trade the New Zealand dollar. I'll trade whatever showing the set ups as mentioned today. Pound/Franc, US/Franc both selling those two on the daily charts. A 3% gain from Wednesday’s D1 trades. Yesterday I took a Euro/New Zealand Daily chart trade and I took the Hong Kong 50 index and the China H index. Quite unusual, but that was the market or those were the markets that were showing the setups. And guess what? The set worked. We had our retracement all this filled up beautifully and by the time I woke up this morning at the both trades to pull back, there were buy trades. Both traders said pull back got filled absolutely perfectly. And then turned around going up to the profit target. Absolutely perfectly. So we got those trades, absolutely pinpoint, accurate and made some fantastic returns on those. They were about I think there are 2.8 to 1 return. I think one might have been 3 to 1 return. And so a small risk, you know,
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