April 27, 2025 • 7 mins
How to Trade Monthly Charts for Massive Reward:Risk Trades Podcast: Click Here to Signup For Our 16th Birthday Sale 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 Click Here to Watch Prop Firm Masterclass #586: How to Trade Monthly Charts for Massive Reward:Risk Trades In this video: 00:25 – I’m too busy – how can I trade? 01:24 – How long does a Monthly trade remain in the market? 02:02 – When to trade Monthly charts? 03:40 – 1to 5 trades show on most months. 05:00 – Register for our 16th birthday sale – click here https://theforextradingcoach.com/16th-birthday-sale/ 06:41 – Blueberry Markets as a Forex Broker. 07:25 – Like, share and subscribe to receive notification of more trading videos. Do you want to know how you can successfully trade just once a month off the monthly charts? Let's talk about that and more right now. Hey, traders! It's Andrew Mitchem here, the owner of The Forex Trading Coach with video and podcast number 586. I’m too busy – how can I trade? So I get questions from people that say, look, I'm not interested in trading, you know, all the time staring at charts all the time. What can I do? Well, for me, and it's there for start to consider the higher time frame charts. And the best example of that where you only need to look at your charts just once a month, will be trading off the monthly charts. Now, the beauty of the monthly charts is they contain so much information because obviously each chart, each candle contains one month's worth of information of price action. And the other great thing about that, because there's so much information that they tend to be one of the most reliable chart setups. And you have to be aware that because they are monthly charts, you will find that trades will take potentially slightly longer to work out. But just think of it as a candle or a bar. How long does a Monthly trade remain in the market? In other words, if you were trading on, let's say, a four hour chart, you might expect they trade to last in the market maybe one, two, three, four bars. And therefore when you're trading on a monthly chart, it's no different. So you have to be willing to leave trades in and let the market and the price action do its thing. But the great thing about trading monthly charts is all you need to do is look at your charts just once a month, and that's on the last day or the completed day of the month. So, for example, for this month, we have, the 1st of May coming up on Thursday of this week. When to trade Monthly charts? So on Thursday, the 1st of May, the Wednesday candle, which is the 30th of April, would have close. And therefore we can then when all those, candles close at, 5 p.m., New York time, when the candle is closed, the next month will open, which is the 1st of May. And at that point, we can go and make our analysis on all of the closed and completed April charts. So we can go through the charts and scan through all the different markets. I scan personally through all the forex markets, the metals, the commodities, the indices, the cryptos. And I scan through all of them and it takes like ten minutes tops, to go through them all on the monthly charts and just to scan through, look at what setting up what has room to move for, potential for a new buy trade or a new sell trade for that month. Now, because the, price action within a monthly chart is so much bigger, the way that I trade it just means that we get massive reward tourists. And depending on the actual trade itself, we'll get reward to risk some about 3 to 1 minimum through to about 6, 7, sometimes 8 to 1 reward to risk off those monthly charts. Now, the issue is that some people will look at a monthly chart and they go, oh, I can't trade it because the stoploss is too big. That's not actually the case. What you have to do is reduce your lot size,
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Do you want to know how you can successfully trade
just once a month off the monthly chats. Let's talk
about that and more right now, Hey traders, is Andrew
mitcham here, the owner of the first trading coach with
(00:21):
video and podcast number five hundred and eighty six. So
I get questions from people that say, look, I'm not
interested in trading. You know all the time staring at
charts all the time. What can I do well for me?
You need to, therefore start to consider the higher time
frame chats, and the best example of that, where you
(00:42):
only need to look at your charts just once a month,
will be trading off the monthly charts. Now, the beauty
of the monthly chants is they contain so much information
because obviously each chart, each candle contains one month worth
of information of price action and the other great thing
(01:02):
about that, because there's so much information in that, they
tend to be one of the most reliable chart setups.
And you have to be aware that because they are
monthly charts, you will find that trades will take potentially
slightly longer to work out. But just think of it
as a candle or a bar. In other words, if
(01:24):
you were trading on let's say a four hour chart,
you might expect a trade to last in the market
maybe one, two, three, four bus And therefore when you're
trading on a monthly chart, it's no different. So you
have to be willing to leave trades in and let
the market and the price action do its thing. But
(01:45):
the great thing about trading monthly charts is all you
need to do is look at your charts just once
a month, and that's on the last day or the
completed day of the month. So for example, for this month,
we have the first to May coming up on Thursday
of this week. So on Thursday, the first of May,
the Wednesday candle, which is the thirtieth of April, would
(02:06):
have closed, and therefore we can then when all those
candles close at five pm New York time, when the
candles closed, the next month will open, which is the
first of May, and at that point we can go
and make our analysis on all of the closed and
completed April charts. So we can go through the charts
(02:29):
and scan through all the different markets. I scan personally
through all the forest markets, the metals, the commodities, the indices,
the cryptos, and I scan through all of them, and
it takes like ten minutes tops to go through them
all on the monthly charts and just to scan through,
look at what's setting up, what has room to move
for potential for a new buy trade or a new
(02:49):
cell trade for that month. Nay, because the price action
within a monthly chart is so much bigger. The way
that I trade just means that we get massive reward
to risks, and depending on the actual trade itself, we'll
get reward to risks from about three to one minimum
(03:09):
through to about six seven sometimes eight to one reward
to risk off those monthly charts. Now, the issue is
that some people will look at a monthly chart and
they go, ah, I can't trade it because the stop
loss is too big. That's not actually the case. What
you have to do is reduce your lot size and
you can in most cases, depending on your account size,
(03:30):
of course, trade very accurately with accurate risk and position
sizing on those bigger time frame charts. And so depending
on the month, Yeah, I'll get some months there'll be
one or two trades on the monthly chart. Sometimes there'll
be five or six trades. It just depends on what's
happening at the time. But the monthly charts are just
a great way to have some trades running in the background.
(03:53):
You see them once a month. You put the trades
on just once a month and let them do their
own thing. Now, the way that I personally trade is
I split my positions up into two positions. I take
one part of my risk at the market order, and
so I want to jump straight in at the market
because the danger is if let's say the market's moving
(04:15):
up and you get a good, strong candle close in April,
may may just continue straight up. And so I take
a part of my position at the market order, but
I also take another part of my position at a
buy limit order. So that means if the price retraces
first or at some stage within that month, it then
fills me at a buy limit order, which is a
(04:39):
lot lower than when the candle opens. So I'm looking for,
first of all, the price to retrace come lower, get
my buy order filled, and then move up into the
anticipated direction. When you see that happen, your reward to
risk becomes really large on those particular type of traits.
So if you're like to find how you can trade
(05:01):
just once a month or on weekly charts once a week,
or on daily charts just once a day, and you'd
like to know how to take your training to at
next level with low risk of trade. Doesn't matter what
the stop losses, or the market or the size of
the candle, it's completely irrelevant. The way that we trade
is identical across all time frame charts of what we're
looking for in terms of candle patterns. So it's just
(05:23):
one trading strategy that makes it very easy to scan
through your charts. So on your monthly charts as mentioned,
once a week, put the trades on leave them alone.
If you'd like to find out how to do this.
Your timing is absolutely perfect because next week, on Wednesday,
the seventh of May, we are turning sixteen years old
here at the Frost Trading coach and to celebrate that,
(05:44):
I'm offering a massive discount on our five star rated
coaching course that's been running for now sixteen years, and
it's going to be offered to you at the lowest
price it's ever been in those sixteen years. So if
you're serious about trading and taking your training to the
next level, register, I'll put a link here so you
can find how to register. For that sale, and make
(06:07):
sure that you are on my site next week Wednesday
the seventh of May, that maybe Tuesday the sixth are May,
depending on where you live, especially if you're in the UK, Europe, US, Canada,
et cetera. And it's going to be a twenty four
hour dime cell, but it's going to go up by
fifty three dollars every every hour. So the first hour
(06:28):
the price is going to be the lowest ever in
sixteen years, and then each hour it's going to go
up and up. So make sure that you register, find
out specific details about when it starts and how you
can take advantage of that and learn how to trade properly.
You're out there looking for a really really good broker,
high quality broker. You can trade monthly charts and all
other timeframe charts across multiple markets, and by the way,
(06:50):
they just keep adding more and more markets all the time.
I highly recommend you take a look at Blueberry Markets.
There are a fantastic bunch of people, great great you
know service, the customer service, you cannot speak highly enough
of it. It's absolutely exceptional. Great broker, really good platform
in terms of medi trade of five and four, but
a massive array of markets across different timeframe charts. Check
(07:13):
out Blueberry Markets. I'll put a link to them here
as well, and don't forget to check out our sixteenth
Birthday sale, which is next week. I'll put a link
to that so you can register for that. If you're watching,
don't forget to like and subscribe or share the video.
If you're listening, I hope you've enjoyed the session and
I will see this time next week. Bye, fin Aff
Do you want to know how you can successfully trade
just once a month off the monthly chats. Let's talk
about that and more right now, Hey traders, is Andrew
mitcham here, the owner of the first trading coach with
(00:21):
video and podcast number five hundred and eighty six. So
I get questions from people that say, look, I'm not
interested in trading. You know all the time staring at
charts all the time. What can I do well for me?
You need to, therefore start to consider the higher time
frame chats, and the best example of that, where you
(00:42):
only need to look at your charts just once a month,
will be trading off the monthly charts. Now, the beauty
of the monthly chants is they contain so much information
because obviously each chart, each candle contains one month worth
of information of price action and the other great thing
(01:02):
about that, because there's so much information in that, they
tend to be one of the most reliable chart setups.
And you have to be aware that because they are
monthly charts, you will find that trades will take potentially
slightly longer to work out. But just think of it
as a candle or a bar. In other words, if
(01:24):
you were trading on let's say a four hour chart,
you might expect a trade to last in the market
maybe one, two, three, four bus And therefore when you're
trading on a monthly chart, it's no different. So you
have to be willing to leave trades in and let
the market and the price action do its thing. But
(01:45):
the great thing about trading monthly charts is all you
need to do is look at your charts just once
a month, and that's on the last day or the
completed day of the month. So for example, for this month,
we have the first to May coming up on Thursday
of this week. So on Thursday, the first of May,
the Wednesday candle, which is the thirtieth of April, would
(02:06):
have closed, and therefore we can then when all those
candles close at five pm New York time, when the
candles closed, the next month will open, which is the
first of May, and at that point we can go
and make our analysis on all of the closed and
completed April charts. So we can go through the charts
(02:29):
and scan through all the different markets. I scan personally
through all the forest markets, the metals, the commodities, the indices,
the cryptos, and I scan through all of them, and
it takes like ten minutes tops to go through them
all on the monthly charts and just to scan through,
look at what's setting up, what has room to move
for potential for a new buy trade or a new
(02:49):
cell trade for that month. Nay, because the price action
within a monthly chart is so much bigger. The way
that I trade just means that we get massive reward
to risks, and depending on the actual trade itself, we'll
get reward to risks from about three to one minimum
(03:09):
through to about six seven sometimes eight to one reward
to risk off those monthly charts. Now, the issue is
that some people will look at a monthly chart and
they go, ah, I can't trade it because the stop
loss is too big. That's not actually the case. What
you have to do is reduce your lot size and
you can in most cases, depending on your account size,
(03:30):
of course, trade very accurately with accurate risk and position
sizing on those bigger time frame charts. And so depending
on the month, Yeah, I'll get some months there'll be
one or two trades on the monthly chart. Sometimes there'll
be five or six trades. It just depends on what's
happening at the time. But the monthly charts are just
a great way to have some trades running in the background.
(03:53):
You see them once a month. You put the trades
on just once a month and let them do their
own thing. Now, the way that I personally trade is
I split my positions up into two positions. I take
one part of my risk at the market order, and
so I want to jump straight in at the market
because the danger is if let's say the market's moving
(04:15):
up and you get a good, strong candle close in April,
may may just continue straight up. And so I take
a part of my position at the market order, but
I also take another part of my position at a
buy limit order. So that means if the price retraces
first or at some stage within that month, it then
fills me at a buy limit order, which is a
(04:39):
lot lower than when the candle opens. So I'm looking for,
first of all, the price to retrace come lower, get
my buy order filled, and then move up into the
anticipated direction. When you see that happen, your reward to
risk becomes really large on those particular type of traits.
So if you're like to find how you can trade
(05:01):
just once a month or on weekly charts once a week,
or on daily charts just once a day, and you'd
like to know how to take your training to at
next level with low risk of trade. Doesn't matter what
the stop losses, or the market or the size of
the candle, it's completely irrelevant. The way that we trade
is identical across all time frame charts of what we're
looking for in terms of candle patterns. So it's just
(05:23):
one trading strategy that makes it very easy to scan
through your charts. So on your monthly charts as mentioned,
once a week, put the trades on leave them alone.
If you'd like to find out how to do this.
Your timing is absolutely perfect because next week, on Wednesday,
the seventh of May, we are turning sixteen years old
here at the Frost Trading coach and to celebrate that,
(05:44):
I'm offering a massive discount on our five star rated
coaching course that's been running for now sixteen years, and
it's going to be offered to you at the lowest
price it's ever been in those sixteen years. So if
you're serious about trading and taking your training to the
next level, register, I'll put a link here so you
can find how to register. For that sale, and make
(06:07):
sure that you are on my site next week Wednesday
the seventh of May, that maybe Tuesday the sixth are May,
depending on where you live, especially if you're in the UK, Europe, US, Canada,
et cetera. And it's going to be a twenty four
hour dime cell, but it's going to go up by
fifty three dollars every every hour. So the first hour
(06:28):
the price is going to be the lowest ever in
sixteen years, and then each hour it's going to go
up and up. So make sure that you register, find
out specific details about when it starts and how you
can take advantage of that and learn how to trade properly.
You're out there looking for a really really good broker,
high quality broker. You can trade monthly charts and all
other timeframe charts across multiple markets, and by the way,
(06:50):
they just keep adding more and more markets all the time.
I highly recommend you take a look at Blueberry Markets.
There are a fantastic bunch of people, great great you
know service, the customer service, you cannot speak highly enough
of it. It's absolutely exceptional. Great broker, really good platform
in terms of medi trade of five and four, but
a massive array of markets across different timeframe charts. Check
(07:13):
out Blueberry Markets. I'll put a link to them here
as well, and don't forget to check out our sixteenth
Birthday sale, which is next week. I'll put a link
to that so you can register for that. If you're watching,
don't forget to like and subscribe or share the video.
If you're listening, I hope you've enjoyed the session and
I will see this time next week. Bye, fin Aff
Popular Podcasts
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Clay Travis and Buck Sexton Show
The Clay Travis and Buck Sexton Show. Clay Travis and Buck Sexton tackle the biggest stories in news, politics and current events with intelligence and humor. From the border crisis, to the madness of cancel culture and far-left missteps, Clay and Buck guide listeners through the latest headlines and hot topics with fun and entertaining conversations and opinions.