In this week’s video with Andrew Mitchem in Honolulu, Hawaii achieving great results on the daily charts despite business meetings.
In this video:
00:29 Trading just the daily charts
00:44 What can be achieved by just trading once a day
01:07 Enjoying the glorious beaches around Hawaii
Trading Forex on the Daily Charts when on Holiday or at Work
Well this week, I’m back trading the daily charts from beautiful Honolulu. Let me tell you why right now.
Hi, it’s Andrew Mitchem here, the Forex Trading Coach, and today I’m in beautiful Hawaii, at Waikiki actually just outside Honolulu. That’s right, today and all this week, been over here, I’ve been at business meetings, but I’ve actually been trading just the daily charts. And the daily charts have just had some fantastic results again. And I’ve talked about this a little while ago, I want to go back and reiterate it again.
You remember back in May I was trading daily charts, just the dailies, when I was over in India. And it just shows what can be achieved by just trading just once a day. And if you can’t trade everyday that’s fine also.
Trading Short on the Australian and New Zealand Dollar
I’ve taken some fantastic trades looking at –well yesterday I shorted the AUD/USD and the NZD/USD and took a buy trade on the GBP/AUD –all work fantastically well, and all took me less than 15 minutes to set up and trade. And that was it. And the rest of the time I’ve either been at meetings or enjoying the glorious beaches behind here and traveling around Hawaii.
It’s really important to understand that you don’t need to be trading real short time frame charts all the time. We’ve been talking about one and five minute charts here recently. This week of course, I’ve been here; I don’t want to be sitting watching five minute charts going back to that longer time frame. Percentage wise you can still do extremely well being up just over 4% on the week being here.
It’s really important to get back in that again, that mindset. Like I said, the Aussie and the Kiwi have been weakening pound and the US has been strengthening.
That’s all for now look forward to talking to you this time next week and I’ll be back in New Zealand again.
Bye for now.