Here’s a checklist you may use when deciding to use a trading system:

* Does the system have a proven track record? Check.

* Do I know anyone making money with the system? Check.

* Do the back tests look good? Check.

* Will the system likely make enough money to keep me happy? Check.

But here’s the thing – there’s one question that many traders fail to consider. Will the trading system fit your time zone?

Will you get enough trades when you are awake? Will you miss out on the best trades while you are sleeping? Does your lifestyle fit the trading system?

Too many traders forget to look at this, and in this episode Darren and I explore why your time zone and lifestyle must match up with your chosen trading system.

http://media.blubrry.com/2traders/content.blubrry.com/2traders/2Traders_-_EP19_The_Right_System_For_Your_Time_Zone.mp3

Download (Duration: 18:04  / 20.6 MB)

In this episode:

01:02 – H1 time frame

02:40 – home run trade

04:53 – are you in a good position?

07:33 – time frame’s relevance

09:15 – ghost peaks and ghost valleys

12:09 – time zone is a tough thing

12:55 – error and bad judgement

14:45 – missing a lot of trades

16:13 – a trend trader

Tweetables:

The longer the day goes we tend to make more errors and bad judgement. [Click To Tweet].

The time frame shouldn’t be relevant on your entry. [Click To Tweet].

We tend to make better Trading decisions early in the day. [Click To Tweet].

Download The Full Episode 19 Transcript Here

Darren: We tend to make bad decisions and be more alert early in the day when we’ve not been awake too long. The longer the day goes on in theory we start to make more errors and bad judgement.

Announcer: Tow traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management and profitable psychological triggers. Welcome to the Two Traders Podcast.

Walter: Welcome back to the Two Traders Podcast. I’m Walter. I’ve got Darren on the line and today Darren, we’re going to look at whether or not your trading system is disadvantaged or if you’re behind the eight ball because you’re trading a system that doesn’t suit the timezone that you live in. Now I found this to be a fascinating idea.

We were talking about this earlier. I just want to get your thoughts on this because I think there’s something to it. I think a lot of people probably don’t realize they’re making this mistake until it’s too late. Can you explain to everyone exactly what you mean by this?

Darren: Yeah, recently I’ve been going through a system that trades entries on the H1 time frame...