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, Bollinger Bands, etc. like that? But for the purpose of this video of stripped all that off to make it a little bit cleaner for you to see. And also if I put my exact levels on that, I would be looking at today, which is Friday the 5th of April, those levels wouldn’t be relevant for this candle back here.

However, what we saw overall was that bigger picture uptrend, as I mentioned. And then we saw this nice pullback here. And notice after this big pullback on the 22nd, we then had quite a few indecision candles and then we had the change around here. So this is quite a significant area that we see the price pull back to.

Then we get our bullish candle on the Tuesday, which is the first full day after some shorter days throughout the Easter break through here. So we took it buy trade. And on our daily trade suggestions, you can drink bitcoin, you can see in here we had a buy trade at 98.64. To bear in mind we post these on the completion of this candle.

Everybody in the world, it doesn’t matter where they live can take retracement orders. So 98.64 if I look at the low of this candle here, you’ll see 98 if you have a look up from the top left here, when I hover over it, the candle went back to 98.58. So we were in around here, 64. So we had one market order in there that had a stop loss down here and that stayed in and our retracement order pulled back beautifully and then went up and hit our profit target at 99.15.

So 99.15 is here. And as mentioned, you can see my two trades in here with their reward risk.

Copying trades to other accounts and prop firms.

Now, if you’re looking at this and thinking, okay, Andrew tells me he’s a full time trader, but he’s only making $56 109, $46. Don’t worry about that. This is the way I trade it. I have a smaller live account and I then trade on larger counts and prop firms behind the scenes through virtual servers and copiers, software, etc. All you need to focus on here are the trades set ups, the reward to risk, and these trades and see why we’ve taken them and how to take them. So that’s the AUD/JPY there.

EUR/CHF D1 trade.

The second trade, which did not get a retracement order filled, but the market order got filled. And again, I’ll bring this back on here so you can see these right here. Our market order had a stop loss of 0.9747 and a profit target of 0.9819. So if I take this back on here, you can see that we entered the market order here now stop loss, which was at 0.9747, which was very safe and our profit target at 0.9819, which was up here just prior to that swing high.

But the reasons for taking the trade, clearly EUR/CHF been in a huge uptrend. We had some pullback here. We had a swing high with the indecision candle and then a pullback and then two more in decision candles over that Easter weekend. Then out on the Tuesday we had that confirmation to go long again and as mentioned, the retracement order did not get filled but the market order because we split our positions.

Market order being a market order here in the market. So you take it buy trade and clearly our profit target was hit the price did go up further, but you were not to know that at the time. So taking a profit target higher than this, I would have been quite crazy. And and clearly you can see here that those high to be tested then is pulling back right now. So our profit target there was hit absolutely beautifully.

3x H12 chart trades taken.

Now, if I pull back onto this page again and have a look down here, you’ll note that down here I said also for that same day we publish this Each day there are some 12 hour buy chart trades on the EUR/USD. EUR/JPY and the EUR/CAD. Now, if I go to my charts on her