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

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#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...