300 episodes

Andrew Mitchem is a full time Forex trader and Forex Coach with clients all around the World. Each week I provide you with the latest Forex news plus important trading tips and advise that will help improve your trading performance.

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Andrew Mitchem is a full time Forex trader and Forex Coach with clients all around the World. Each week I provide you with the latest Forex news plus important trading tips and advise that will help improve your trading performance.

    #543: See my H6 Chart Trades in Action

    #543: See my H6 Chart Trades in Action

    See my H6 Chart Trades in Action

    

    Podcast:



    Signup For my Forex Masterclass

    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

    #543: See my H6 Chart Trades in Action

    In this video:

    00:27 – Trades that I’ve taken on the H6 charts this week.

    01:02 – Why I traded the STOXX50 Index.

    02:25 – Sell trade on the USD/MXN. 

    03:09 – EUR/MZN H6 trade makes profit.

    04:41 – Last trade on the GBP/CAD.

    05:29 – Low risk and high Reward:Risk trades.

    06:50 – Trade through Blueberry Markets.

    07:08 – Attend my Masterclass, Prop Firm webinar and book a call with us.   



    Today, I'm going to share with you some six hour chart trades that we've taken just this week, some winning trades and some losing trades. Let's get into that and more right now.



    Hi there, Traders! It's Andrew Mitchem here at the Forex Trading Coach with video and podcast number 543.



    Trades that I’ve taken on the H6 charts this week.



    I want to share with you some trades that I've taken just this week on six hour chart trades across different markets and different forex pairs. I'm going to explain why I've taken these trades and to give you an understanding of how we trade.



    Now just to let you know also that when we trade at the Forex Trading Coach, our charts are a little bit different to this. I have some candle identifier software, pivot points, divergence, etc. on top. But what I've done for the purpose of this video podcast, I've stripped everything and so you can just see the actual candle patterns and the price.



    Why I traded the STOXX50 Index.



    So let's start here with the STOXX50, which is a European index. So we also trade non forex markets if the pattern show. And so you can see my trade in here. This is a six hour chart trade. It was taken on the completion of this candle here. And if you look at the first two results down here, you can see that one just got stopped out and the other went down to the profit target.



    So what is it we're looking at here? Well, first of all, we have a lovely downtrend in play and then a reversal, By the way, we took this trade, is a buy trade last week. But this pulled back beautifully. And then we saw the continuation pattern heading down in a nice trend line break up through here at this candle closed below that trend line break we had a nice “n” shape that we look for and we actually bounced off a middle bollinger band.



    We had a few other things adding to the trade but you can see in here my two entry levels and this mentioned the first position just got stopped out, the second position. Then price fell beautifully. So our profit target, which by the way, was before the 5000 level and before us swing low. So that was the at the first trade there.



    Now we take multiple trades throughout each day and each week on our membership site and on my forum site. And so these trades were all posted there.

    • 7 min
    #542: I’ll Show You My Trades & Why We Took Them

    #542: I’ll Show You My Trades & Why We Took Them

    I’ll Show You My Trades & Why We Took Them

    

    Podcast:



    Signup For my Forex Masterclass

    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

    #542: I’ll Show You My Trades & Why We Took Them

    In this video:

    00:32 – Sharing my screen and showing you my trades.

    01:05 – Trades taken this week on D1 charts.

    04:12 – Copying trades to other accounts and prop firms.

    04:43 – EUR/CHF D1 trade.

    06:11 – 3x H12 chart trades taken.

    08:24 – How we trade and teach our clients.

    10:29 – Trade through Blueberry Markets.

    10:42 – Attend my Masterclass, Prop Firm webinar and book a call with us.



    In this week's video and podcast, I'm going to share with you some trades that we have posted on our membership site and our forum site and take in ourselves this week so we can show you how we operate, how we trade and how we have great results. Let's get into that a more right now.



    Hey there, Traders! Andrew Mitchem here at Forex Trading Coach with video and podcast number 542.



    Sharing my screen and showing you my trades.



    Something a little bit different this week. I've had multiple requests asking for me to share my screen and to show you some of the trades that we take. So that's exactly what I'm going to do. This week. So if you're listening on a podcast, apologize, but this is definitely going to be more of a visual video.



    So if you're on a podcast, maybe you can go and look at your charts whilst listening to the podcast or after and see some of the trades. But I will be descriptive in the trades set up. So let's get into this straight away.



    Trades taken this week on D1 charts.



    So this week we've had a very short week due to the Easter break. But what I want to share with you are just some trades that I have taken myself on our membership site and our forum site.



    So let's share with you here. This is going back to Wednesday, the 3rd of April. And you're seeing here I've got some trades on the EUR/CHF and the AUD/JPY. I want to cover those two to start with. These are taking on the daily charts. These are taken in advance of the market moving. And you can see all the reasons we put there, the entry and exit levels, etc. So I'll take that off and I'll just go back to the actual chart and share with you what it is we are looking at.



    So this is the Aussie yen in here that we took on the close of the Tuesday candle going into Wednesday, which was the 3rd of April 2024. You can see the two trades I've taken down here and you can see the results. But more importantly, I want to explain why we took rates. And if I take the chart out slightly, you can see that overall the AUD/JPY has been this is going back to like the end of December of last year, has been overall in quite an uptrend.



    And so when we saw this pattern here now obviously on my own charts, I have extra lines, indicators, etc., Candle Identifier,

    • 11 min
    #541: How to make Hundreds or Thousands of Dollars per Trade

    #541: How to make Hundreds or Thousands of Dollars per Trade

    How to make Hundreds or Thousands of Dollars per Trade

    

    Podcast:



    Signup For my Forex Masterclass

    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

    #541: How to make Hundreds or Thousands of Dollars per Trade

    In this video:

    00:26 – How anyone can make hundreds or thousands of dollars per trade.

    00:59 – Trade with the trend.

    01:38 – Reversals and Continuation candle patterns.

    02:11 – AUD/CHF H12 chart hits profit.

    03:20 – Use Prop Firms to scale up your gains.

    04:08 – AUD/CAD D1 trade hits the profit target in 5 hours.

    04:45 – You cannot take every Continuation pattern as a new trade.

    06:46 – Trade through Blueberry Markets.

    07:38 – Attend my Masterclass, Prop Firm webinar and book a call with us.



    Today, I'm going to show you how you can make hundreds, if not thousands of dollars per trade in just a matter of a few minutes per day. Let's get into that and more right now.



    Hey there, traders! It's Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 541.



    How anyone can make hundreds or thousands of dollars per trade.



    So today I want to share with you how you, anybody it doesn't matter where you live in the world can make hundreds, if not thousands of dollars on a single trade. That takes you just minutes per day of chart time to see and to take.



    It's a really exciting opportunity that Forex offers. And the important thing for me is as a trader, I like to have high probability trades. You see, it's not so much by how many trades you take. It's about the quality of the trades.



    Trade with the trend.



    Now you've probably, if you've been trading for any length of time, heard the phrase about trading with the trend and it's a fairly logical phrase and expression because it makes sense, doesn't it?



    If the market's in a big uptrend that you should be taking buy trades. However, it's not quite as easy as that. And the trouble is a lot of people see a big trend and then they go, it's in an uptrend. I'm going to take it buy trade. And of course the market hits a high, turns around and stops and they take a loss.



    That is the danger that most people are reactionary and only see it's an uptrend after it's already done and completed and it's back to then turn back the other way.



    Reversals and Continuation candle patterns.



    For me as a trader, I trade two different patterns. I trade reversal patterns, which does mean selling at the top of an uptrend. But my favorite and preferred pattern is a Continuation Pattern.



    Now, I'm going to give you two examples from just this week of continuation patterns. So you can go and have a look at your charts. If you're watching, YouTube will probably put these on screen so you can see them. Obviously, if you're on a podcast, then you just have to go and find them on your charts.

    • 8 min
    #540: How to Survive a Financial Crisis

    #540: How to Survive a Financial Crisis

    How to Survive a Financial Crisis

    

    Podcast:



    Signup For my Forex Masterclass

    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

    #540: How to Survive a Financial Crisis

    In this video:

    00:24 – How do we survive the next financial crisis.

    00:57 – Increase income, decrease expenses and save more.

    02:55 – What are my thoughts?

    03:36 – You need to change your mindset.

    03:58 – Plan and prepare.

    04:54 – Upskill yourself today in preparation.

    06:31 – Forex offers so may more benefits.

    06:51 – Live webinar with trades and my account is at +2% gain for the week to date.

    07:57 – Trading with a prop firm.

    09:02 – Give yourself 6-12 months to learn how to trade properly.

    10:00 – Trade through Blueberry Markets.

    10:06 – Attend my Masterclass, Prop Firm webinar and book a call with us.      



    Today I'm going to talk about how you can plan for, prepare for and get through the next financial crisis. Let's talk about that and more right now.



    Hey there, traders! It's Andrew Mitchem here at the Forex Trading Coach with video and podcast number 540.



    How do we survive the next financial crisis.



    Now, I ask people to give me some topics to talk about, things that will be helpful for you. And one of the main topics those come up is how do we survive the next almost certainly coming financial crisis? So to start and to prepare for this, what I've done is had a look on the Internet and I want to talk about what they suggest and then my thoughts after that.



    First of all, I have to let you know that what I'm about to say is not financial advice. It's purely my own thoughts and opinions, which may or may not work for you.



    Increase income, decrease expenses and save more.



    So did some research online, typed in how to survive a financial crisis. Upcoming standard answers of #1 increase your income, #2 decrease your expenses and #3 increase your savings. Quick overview on those.



    Increasing your income. How are you going to do that? Well, you probably going to if you're in a corporate job, work harder and up the ladder, which means less time at home, etc. like that. More stress. You may be working more hours in your current job. Not a great outcome either. Or you might be going there for a second or third job. Again, not a great outcome. So there's better ways you can do that.



    Number two, and decreasing your expenses is something that most people can do. From my own point of view, we like to be completely self-sufficient here. I say we're about maybe 80-90% self-sufficient in what we eat at home, and we choose to do that. We choose to grow our own food as much as possible with our own, you know, the fruit, vegetables, meat, etc. like that.



    Everything we try to do is our own choice for health reason and enjoyable reason of actually growing and eating our own food.

    • 10 min
    #539: Forex Trading’s Preflight Check: Building Your Plan

    #539: Forex Trading’s Preflight Check: Building Your Plan

    Forex Trading's Preflight Check: Building Your Plan

    

    Podcast:



    Signup For my Forex Masterclass

    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

    #539:Forex Trading's Preflight Check: Building Your Plan

    In this video:

    00:34 – Heading off for a flight and carrying out my checks.

    02:01 – You need a trading plan.

    03:00 – Put in the time to ensure a good outcome with your trading.

    03:45 – The market does not have even trading conditions.

    04:42 – Trade through Blueberry Markets.

    05:06 – Attend my Masterclass, Prop Firm webinar and book a call with us.



    Today, I'm going to discuss the importance of learning to plan properly, planning your training, See now exactly what you're doing, whether you're flying a helicopter like behind me here, or if you're trading the forex market, you have to plan properly. Otherwise, you plan to fail. Let's get into that a more right that.



    Hey there, Traders! Andrew here, at the Forex Trading Coach, a video and podcast number 539.



    Heading off for a flight and carrying out my checks.



    As you can see, I'm out at the hanger. I'm heading off tomorrow morning. Quite early on a flight, quite a long flight, probably about a three and a half hour return flight. And so as a result of that, I'm spending some time here today when there's no pressure and I'm going through my entire preflight and doing all my checks.



    I've got my my flight plans here. I've got my airports where I'm going to inside here. I've covered everything I need to know in terms of the cockpit. I've got a huge manual here. It's about 800 pages that's just specific to this machine. And on that, I have to know all that. Of course, long before today. But you know, you've got to keep updated on that.



    I've been through the machine here. I've checked through and, you know, engines and oils and up on the rotor blades there. I've checked everything. All my preflight checks and the tail here, everything is checked. My fuels good is clean. It's all on board. I know exactly what I've got. I know where I'm going. I know my radio calls.



    I'm discharging my headsets up. So that's ready. I've got a spare batteries. I've got my iPad. I've got my phone. I've got everything I need to know to do the flight properly, safely, and, you know, to get a good outcome and enjoyable experience for everybody on board and to know what's going to you know, we're going to get there safely and just have a great day.



    You need a trading plan.



    So me doing this is no different to me trading. You know, I've got my plan and this is what I want to stress to you, that I just see so many people that don't have a plan, don't know what they're doing. You wouldn't believe the number of emails that I get saying, Look, I've been trading for six months and I go back and I go, Great, Well, you've obviously got a problem because you're contacting me.



    So.

    • 5 min
    #538: 7 Points to Help Develop Your Own Trading Plan

    #538: 7 Points to Help Develop Your Own Trading Plan

    7 Points to Help Develop Your Own Trading Plan

    

    Podcast:



    Signup For my Forex Masterclass

    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

    #538: 7 Points to Help Develop Your Own Trading Plan

    In this video:

    00:25 – 7 points to help develop your own trading plan.

    00:36 – #1 Your personality.

    01:15 – #2 What type of trading do you like?

    02:16 – #3 What are your goals?

    02:55 – #4 Risk management.

    03:51 – #5 Know your strategy.

    05:16 – #6 Demo, live or a prop firm?

    05:50 – #7 Journal and record your trades.

    07:10 – Attend my Forex Masterclass.

    07:19 – Prop firm Masterclass.

    07:40 – Book a call to chat with us.

    07:52 – Blueberry Markets.



    Today. I'm going to give you some helpful tips and information to help you to develop your own trading plan as a forex trader. Let's get into that and more. Right now.



    Hey there, Traders! Andrew here at the Forex Trading Coach with video and podcast number 538.



    7 points to help develop your own trading plan.



    Today is all about developing a trading plan that's going to work for you. I'm going to give you seven points. That's going to be something that if you put this together. Massively help you.



    #1 Your personality.



    Let's start with point number one. So first of all, you have to understand yourself. What type of person are you? What personality do you have? What what makes you tick? You know what you like as a trader. Now, I find that naturally most people, when they start trading and I did exactly the same almost 20 years ago myself. They tend to navigate through to the shorter timeframe charts, the one minute, five minute, 15 minute chart.



    Some people think that's the where the most opportunities are, where the most money is to be made, and that's why people do that. And then they realize that probably doesn't work quite as well as they thought it might do. And then they start to look at something a little bit longer timeframe charts.



    #2 What type of trading do you like?



    So figure out where you are on your trading journey and what type of trader you are. Are you someone that likes to watch the news? I'm someone that likes to watch the charts. Are you a fundamental or technical trader? And then what you need to do there is work out the trading style and that will become, you know, in the cooperation of both of those two. Possibly it could be, you know, looking at the longer timeframe charts, this sort of more medium timeframe or the shorter timeframe.



    So look at what works for you. If you're out there, you know, you've got family, you've got travel to do, you've got work to do, you've got music, sport, whatever it might be, you might go, Well, you know what the reality is? I only want to look at my charts maybe just once a day or a couple of times a day or just a few times a week.

    • 8 min

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