Episode Transcript
Hey traders.
Speaker 1 (00:00):
As you probably know if you've been trading for any
length of time, what time of year you trade can
also make a big difference in your trading. Currently summer
here on holiday in the US for Paul Tilman, and
sometimes the summer conditions are not always the best. But
we are heading towards the end of the Northern Hemisphere
summer and good conditions ahead. So let's get into that
more right.
Speaker 2 (00:20):
Now, hey traders.
Speaker 1 (00:31):
Andrew here at the Frest Trading Coach with video and
podcasts number six hundred and one. Currently on holiday in
the US will vacation, been here for a few weeks
and currently with Paul Tilman and his family here in
North Carolina, currently at grandfather Mansion. A little bit hard
to see behind us, we're up in the mist. It
just over five thousand feet. Point of this video, though,
is that we're here trading as normal whilst on vacation
(00:55):
or on holiday, and we've had a couple of really
good weeks since I've been here. Despite that, we are
in the kind of the quant Tom again. Poul living
here will know more about that. But Northern Hemisphere summertime
July August can sometimes be tricky conditions. But as Pool
is going to explain to you, we're heading out of
those conditions and into some good ones between now and Christmas.
Speaker 3 (01:17):
Right So, right now, a lot of people are on vacations, holidays,
school is out, a lot of good weather, people are
out traveling, so the volumes are just naturally going to
be lower now as man people trading, So the conditions
are a little bit tougher, more sideways price action not
as much in terms of defined trends up and down.
Trading conditions are okay, but they're not great. Definitely see
(01:39):
better earlier in the year before the Northern Hemisphere summer,
and we're coming into a nice time here in the
US fall all the way up to Christmas, We're trading
conditions would be very very nice. We'll have much better
trends and much more quality and high probability setups to pick.
Speaker 1 (01:57):
So the important thing is there is that although we've
had some great trades, we haven't had a lot of trades,
and so it's more about the quality of the trades
that you take. And so each day we go through
the daily charts, and just yesterday we had two trades
on the daily charts at the beginning of this week,
and we also had seven trades on the weekly chart.
Yet the week before we had very few on the weeklies,
(02:17):
but we did have a few trades for the month
of August. So we're looking on the completion of a
candle on the clothes of a candle, But we've been
very selective on the trades that we do take because
of these conditions. So it's really important to remember it's
the quality of the trades that you take, not so
much of the quantity. We've been really selective on the
trades we've taken over the last couple of weeks. Just
two trades yesterday on the dailies, but seven weekly chart
(02:39):
trades and not so many on the shorter time frame charts,
just because of the nature of the market conditions right now.
But as Paul mentioned, you know, we are turning into
that sort of August into September time where you're going
to get better training conditions, So more important to look
at the charts on the clothes for candle, but also
you're probably going to find more shorter time frame opportunities
(02:59):
as well.
Speaker 3 (03:00):
The great thing is our strategy works on all time frames. Everything.
Now we trade as low as thirty minutes or one
hour all the way up to monthly, so lots of opportunities.
You don't have to try to do fifty sixty trades
in a week. As Andrew mentioned, it's all about quality
of the trade more than quantity. I was telling a
coaching client that are day that you would you rather
(03:20):
make fifty trades and make a couple percent a week
or make ten trades in a couple percent a week.
And obviously the less trading, the better, go out, do
stuff with your family, go live the rest of life
outside of trading. So it's all about that those quality
trades and those trade conditions are going to turn right
for us here shortly.
Speaker 1 (03:37):
That's right, and exactly like right now we are about
quarter plus two local time, so we've got like almost
another two and a half hours before we even need
to look at our charts today, and that today being
a Monday, here, we'll be looking at the daily charts,
and also we scan through twelve hours, eight hours and
six hours at that five pm New York change of day,
so be really selective look at the markets and the
(03:58):
timeframes that are showing the best set up. Now, if
you haven't been on our masterclass. You can click on
the link here to a short seventeen minute on demand masterclass.
If you're out there looking for a good, high quality broker,
I'll put a link here to Bluebooy Markets. And of course,
if you have any comments for myself or Paul, or
questions or trading topics conversations that you'd like us to
talk about on future videos and podcasts just like this one,
(04:20):
leave a link below and we'd be glad to help
answer that for you and to enhance your trading. So
once again, this is Andrew mitcham and and Paula Tullman
here in North Carolina having a great time on vacation.
We're seeing this time next week. By for now, bye,
for now,
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