#186: Amazing trading conditions with big trends

Podcast: Amazing trading conditions with big trends In this video: 00:25 – Huge trends and conditions like this not seen for many years 00:53 - Kick started by Brexit conditions, selling the Pound 01:18 – Selling the GBP/NZD pair on H1 and H6 charts 02:03 – Great trades with high reward:risk on H6 and H12 charts 02:30 – Buying the NZD pairs 03:00 – GBP/NZD dropped over 4000 pips since the end of May 03:50 – Big trends so take advantage of them right now 04:10 – Close out of positions before the US Employment news 04:35 – Enjoy riding these big trends and make money from them We are in the middle of some amazing trading conditions. If you're not making money you need to listen to this. Hi Forex traders, Andrew Mitchem, The Forex Trading Coach. Today is Friday the 8th of July and we just have some amazing trading conditions in the Forex market right now. Huge trends and conditions like this not seen for many years It's just an absolute wonderful time to be a Forex trader. There's just some huge trends in the market and the conditions are something like I've not seen for many years. Back in so, 2010, 11, 12, through those times there was some excellent, excellent trends. Some great movements on the charts. Then we've seen a couple years where it's been a little bit sort of harder to trade and now we're getting those big moves back into the market again. Kick started by Brexit conditions, selling the Pound Of course things like Brexit have certainly helped contribute to that over the last few weeks. Really when you think about what's happened to that since 2 weeks ago when we had the Brexit decision there's just been some amazing opportunities selling the British pound pairs. Most of the pairs have moved but the British pound ones in particular have just been fantastic pairs to trade, looking for the pound to weaken all of the time. To give you some examples: Selling the GBP/NZD pair on H1 and H6 charts I took a trade just yesterday on a live webinar with my clients. We had a couple hundred people on their live and I took a trade on the 1 hour charts selling the British pound/New Zealand dollar. It fell away and it made a 2 to 1 trade in, I think it's about an hour and a quarter. A 2 to 1 reward to risk that is, so let's say risking half of 1% to make 1% in an hour and a quarter. It was a tremendous trade. A little bit later on the 6 hour charts, and they're offline charts that I use using a bit of coding that I have that allows us to us charts such as 6 hour charts and 12 hour charts on MT4. They're nonstandard time frames on MT4, but I use the 6 hour charts quite a lot. Great trades with high reward:risk on H6 and H12 charts I took a 6 hour trade also on the British Pound/New Zealand dollar live on the webinar yesterday and right now that's at a 3.4 to 1 reward to risk. Again, a half percent risk, that's a 1.7% account gain. I also took a trade on the New Zealand/Canadian dollar and that was on the 12 hour chart and right now that's up 3 to 1 reward to risk, or a 1.5% account gain. Buying the NZD pairs Because there's been strength on the New Zealand dollar as well. Have a look at your charts, see the strength that's in the kiwi dollar right now. Likewise on the longer term, on Monday I suggested a bi-trade to my clients. On the weekly charts, on the New Zealand/US dollar. Right now that trade's up at around a 1 point, no that one's just moved up to 2 to 1 trade. Again a 1% gain for a half percent risk so far and the trade is still open. You can see what tremendous opportunities there have been. GBP/NZD dropped over 4000 pips since the end of May The British pound/New Zealand dollar as an example since t...