Podcast:

Some of the best ways to trade in the current market conditions

In this video:

00:29 – Trading the current market conditions and my 8th Birthday Sale

00:48 – The current market conditions right now

01:55 – Go to the shorter time frame charts for setups

02:50 – Trades from my live webinar make profit of +0.6% gain

03:33 – Bigger picture in line with the trade

04:32 – Trade a mix of time frame charts and learn to adapt

05:25 – My 8th Birthday sale starts soon

06:25 – Not many others have lasted for 8 years

07:35 – Register your interest to ensure you don’t miss out

Let's talk about some of the best ways of trading the Forex market in the current market conditions. That and more, right now.

Hello Forex Traders, it's Andrew Mitchem here, the Forex Trading Coach. This is video and podcast number 223.

Trading the current market conditions and my 8th Birthday Sale

Two important topics today. Number one, I want to talk about the market conditions right now. What's the best way of trading. I've got some great examples to share with you and also after that, I would like to share with you information about my upcoming eighth birthday sale, an absolute amazing way for you to jump on board and join a huge global group of Forex Traders, and successful Forex Traders. More about that, shortly.

The current market conditions right now

First of all, the market conditions right now. Well, with Easter now out of the way, the market is sort of getting back to a few more, what you would call, normal market conditions. But also, we've seen a few issues that have made the markets on certain timeframes quite tricky. We had the snap British election date announcement, just about a week or so ago. The beginning of this week, we had the massive gap up on most, or especially the Euro and Yen currency pays largely related around the French election news. That's actually made the market on certain timeframes and the daily charts, in particular, are quite difficult because there's been a lot of gaps up.

When you get that, you'll likely to see one or two scenarios. You are either likely to see a retracement and then it goes again or you might see no retracement and it just keeps going. And of course in real time, it's hard to know which of those two scenarios you're gonna see.

Go to the shorter time frame charts for setups

But what I've found, is a really good way of trading the conditions in the market right now, is to go to slightly shorter timeframe charts. I've had tremendous success this week on six hour charts. Now most MT4 traders can't trade six hour charts, unfortunately. I've got some great software that I've had developed that I share with my clients that allows us to trade off-line charts. Charts like six hour charts, eight hour charts, twelve hour charts, et cetera. But the six hour chart trades, and I shared it with my clients on my live webinar just yesterday, just some tremendous results. High reward to risk. Just need to look at your charts maybe two, three times a day if you can. Just some great trading opportunities.

So, if you don't have that piece of software, what you can do is look at charts such as the four hour charts and also they have had some fairly good trading opportunities. Now yesterday on my live webinar, I took one four hour chart or actually I took three.

Trades from my live webinar make profit of +0.6% gain

One failed to get filled by just a fraction of a pip. Really annoying because it was a great trade. Another one missed that being filled by about three pips, but the one that did get filled, absolute perfect entry. Perfect exit and made a two point two to one reward to risk trade.

I also took a trade live in front of clients on a one hour chart that lost.