What is the Green Cross Code of Trading?
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#548: What is the Green Cross Code of Trading?
In this video:
00:24 – Learning to cross the road safely.
00:43 – The rules of the Green Cross Code.
01:02 – Live Webinar with my clients.
01:26 – The Green Cross Code of Trading.
03:12 – My 17 minutes Masterclass and Book a Call.
03:33 – Blueberry Markets as a Forex Broker.
04:09 – Comments, Like & Subscribe.
Today, I’m going to teach you all about the Green Cross Code of Trading. Let’s get into that and more right now.
Hi there, Forex Traders! Andrew Mitchem here at The Forex Trading Coach with video and podcast number 548.
Learning to cross the road safely.
Do you remember when you were a kid? You were learning at school to cross the road? Or if you’re riding a bike, they taught you how to stop a crossing and then cross the road safely.
It’s something I never forgotten. And as a kid walking around towns or riding your bike, it kept you safe.
The rules of the Green Cross Code.
What they taught you is, number one, look all around. Number two, look to the right. Then look to the left. And then look to the right. And if it was safe and clear, then cross. And it was a very simple but effective way. And here we are, some sort of 45, 50 years later, I still remember very well.
Live Webinar with my clients.
Now, the funny story was that last night I was holding a live 2 hour webinar with my client. We took five trades live on the session and when we were looking at trades, I actually said, Look, you need to look right, then left. And it brought me back to my childhood. I thought Green Cross Code
And in trading it’s really important that one, you keep things simple, but also you do look right and left. Let me explain.
The Green Cross Code of Trading.
Overall, we look at the chart. We look at the pattern where the pattern is within the chart. Is there room to move? Is it in the right place? All those type of things.
So first of all, we had our candle pattern. We were taking a sell trade yesterday and then I look to the right. The reason I looked to the right was the candle itself have bounce at a round number. So that’s our first or second thing. First of all, we look overall, then we go right. Then we went left and we took the chart and we said, where this price at best, which was the round number to the right.
When we went to the left, we saw that some candles prior the price and who had also passed at exactly that level. And when it bounced and hit that level, it then dropped. So now the price to come back up to that same level, we look right, saw the right number left, saw the previous resistance and bounce level.
There’s our overall view. Look right, look left. We then look right again when it came to actually looking for our entry and our stop loss and our profit target levels. Are there any other significant levels in the way? Can we have the pivot point to help us? Do we have any round numbers to protect our stop loss or making sure added our profit target on the sell trade before any round numbers?
So think of your trading as you would walking across the road or learning to do that. Or if you’ve got kids, how to teach them to do it safely. Obviously on a road, it keeps us safe. If you do it in trading, it keeps you safe, but in a different way. It helps you to have high probability trades and it helps you to keep on the right side of the market.
More often than not. So think about the green cross code. Look overall, look right, left, look right again. And that will massively help you in your trading.
My 17 minutes Masterclass and Book a Call.
Elsewhere. If you’ve not been on my masterclass session, it’s a an on demand session. I’ll put a link to that. If you’ve not been on a really urge you to have a look at that and encourage you to do so, you’ll find that information really beneficial.
We’ve changed that. So it’s just a 17 minute, very quick on demand session for you to watch. You’ll find it very helpful for your trading.
Blueberry Markets as a Forex Broker.
And if you’re out there looking for a high quality forex broker, I can highly recommend Blueberry Markets they’re based across in Australia and they can take clients from right around the world there MT4 and MT5 platform are fantastic platforms.
I really like their MT5 platform with the massive amount of different currency pairs and also different markets available to trade great people very good with their withdrawing funds, etc. like that. Very quick, awesome support. Have a look at blueberry markets. I’ll put a link to them below this video and podcast as well.
Comments, Like & Subscribe.
So that’s it for me this week. If you have any trading questions or topics you’d like me to discuss in future videos and podcasts just like this one, leave a link on the comments area below if you’re watching the video or email me Andrew@TheForexTradingCoach.com
I’ll see this time next week more trading information. Don’t forget the Green Cross Code of Trading. Bye for now!
Episode Title: #548: What is the Green Cross Code of Trading?
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
Podcast: Play in new window | Download
Subscribe: Apple Podcasts | Spotify | Android | iHeartRadio | TuneIn | RSS
