Podcast:

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In this video:
00:25 Looking for some really good price action
00:35 Taking position on the Australian Dollar/US Dollar, Australian Dollar/Japanese Yen
01:08 Short position on the Euro/Canadian Dollar on the four hourly charts
01:41 Trust the Strategy; let the trade do its own thing
01:46 The set and forget approach’ mental effect on trade
02:16 Keeping risk low per trade

Hi everybody, Andrew Mitchem here, The Forex Trading Coach.

Today is Friday, the 7th of September 2012 and thank goodness it’s September!

The quiet month of August is behind us.

Now the European and the US markets are back after their summer holidays. We’re looking for some good price action. And we’ve finally seen some today!

I’m long on the Euro US dollar on a daily chart from yesterday, bein