Podcasts about euro u

With MQL5 for Metatrader5 we can use the ICCI function that is built in to create an Expert Advisor that will use the Commodity Channel Index Indicator to create entry signals on our Forex Trading Chart… This video is about the commodity channel index. The commodity channel index is an oscillator and it will tell you if something is overbought or oversold. This is one of the oscillators I like because it is very easy to understand. It has one hundred plus and a one hundred minus line here and whenever the value rises above the upper line, it’s overbought. In the other case if the indicator falls below the lower line, it’s oversold. The commodity channel index can be created with the MQL 5 function ICCI that is built-in into MQL 5. And now we want to create a little Expert Advisor that will tell us when the market is overbought or oversold. To do that please click the little button here or hit the F4 key on your keyboard. That will bring up the Meta Editor, and here we want to select File, New, Expert Advisor from template, continue. And we will call the Expert Advisor Simple Commodity Channel Index. Now click on Continue, Continue, Finish, everything above the Ontick function can be removed and we will also delete the two comment lines here and we will start by creating a little array for our prices. It's a double array and we will call it my price array. And for the definition of our commodity channel index, we will use the ICCI function of MQL 5. For the current symbol on the chart and the selected period, this might be Euro/U.S. dollar and this might be the minute chart or the hourly chart, and the calculation is done for fourteen candles, because this is the default value of the commodity channel index when you drag it on your chart by using Insert, Indicators, Oscillators, commodity channel index. And it is calculated based on the close prices. In the next step we need to sort the price array from the current candle downwards by using the function arraysetasseries for the price we have created here. And now we use copy buffer for the CCI definition from line here. This is for the first line, it is line zero. And for the current candle that’s candle zero, and we need the values for three candles, that’s the three here, and we want to store the results in my price array. We want to get the CCI value of the current candle in our price array. Okay now we need the chart output depending on the value so if our value is above the upper line we want to put the text “Overbought” on our chart by using the comment function. And if it’s below the lower line we want to output the text “Oversold.” And when it’s between the lines we just use an empty output because we have no signal. Okay that’s it. If you’re ready, please click on the little compile button here or hit the F7 key on your keyboard. That should compile your Expert Advisor without any error or warnings. And in that case we want to bring up the MetaTrader by pressing the F4 key or hitting the little button over here. In Metatrader please click on View, Strategy Tester or hit control and R. That should show you the strategy tester panel, and here we want to select the simple commodity channel index.ex5 file. Please make sure to mark the visualisation option here and click on start. And here is our Expert Advisor at work. Now it’s below the lower line and then it says oversold and when it’s above the upper line it says overbought. Okay, now you know how you can use the Commodity Channel Index Indicator to create entry signals in your own Expert Advisor. And you have done it yourself with a few lines of MQL 5 code. The post MQL5 Tutorial – Simple Commodity Channel Index appeared first on MQL5 Tutorial.

Dvě třetiny dotázaných v průzkumu agentury Median pro Radiožurnál si myslí, že by pro ně přijetí společné evropské měny nebylo výhodné. Mají hrát roli spíše ekonomické nebo politické argumenty? Jaký smysl má ekonomická debata? Kdy by Češi mohli začít eurem platit? A jak si Česká republika připomene dvacáté výročí vstupu do Evropské unie? Tomáš Pancíř se ptal ministra pro evropské záležitosti Martina Dvořáka (STAN).Všechny díly podcastu Dvacet minut Radiožurnálu můžete pohodlně poslouchat v mobilní aplikaci mujRozhlas pro Android a iOS nebo na webu mujRozhlas.cz.

Podle dat České národní banky byla na začátku prázdnin polovina firemních úvěrů v eurech. Tak je tomu poprvé v historii. Půjčky v evropské měně jsou díky nižším sazbám a úrokům, které jsou až čtyřikrát nižší než doposud, levnější. „Poptávka po eurových úvěrech je logická, protože rozdíl úrokových sazeb je dnes významný… Je tady ale také vždy potřeba zvažovat kurzové riziko,“ říká rektor Vysoké školy ekonomické v Praze Petr Dvořák.

In this video we want to create a little Expert Advisor that will tell us how many positions we have opened for a currency pair. An Expert Advisor like this is useful if you want to handle more than one position for each currency pair as I do, this is called a Multi-currency Bot. As you can see I have opened one, two, three, four, five, six positions for the Euro U.S. dollar. So if I click on Euro U.S. dollar and drag it on the chart, it will say positions for this currency pair six. Now how can we do that? First of all please click on this button here or hit the F4 key to bring up that Meta Quote language editor also called Meta Editor. Now we need to click on new and select Expert Advisor from template, click on continue, I will give it the name Simple Position Count. Click on continue, and finish. You can delete everything above the OnTick function. We also will remove the two comment lines here and the first thing below is a variable but it will be a local variable to count the positions for this currency pair. Now we are going to count all the open positions, that is done by using the function PositionsTotal, subtract one and count down to zero until we have no open positions. We will need to open a bracket for loop, and a closing bracket, and between these two brackets we will get the symbol of the open position by using the function PositionGetSymbol. And if the symbol position is equal to the symbol on the chart, we want to add the value one to the current positions for this currency pair. And after we have counted all positions, we want to output the current positions for this currency pair on the chart. This is the text, this is the value and we are using the Comment function. So this is it. Let’s see if it compiles. Okay that worked without any errors or warnings. So let’s hit the F4 key, open a chart window and drag the EA simple position count on your chart. And it says we have two open positions for this currency pair. This is one and this is the other one. So let’s switch to Euro U.S. dollar, and now it says we have six open positions. Let’s check the Australian against the Canadian dollar and it says we have one open position, and this is this one. In this little video you learned how to create a simple MQL 5 Expert Advisor to count the positions for a currency pair and output the number on the chart. Not sure what to do? Click on the automated trading assistant below MQL5 TUTORIAL BASICS - 69 SIMPLE PRICE CORRELATION MQL5 TUTORIAL BASICS - 28 HOW TO CALCULATE THE NUMBER OF… MQL5 TUTORIAL BASICS - 29 HOW TO CALCULATE THE NUMBER OF… MQL5 TUTORIAL BASICS - 117 SIMPLE MULTIPLE CHART TREND MQL5 TUTORIAL BASICS - 16 HOW TO SET A SELL LIMIT The post MQL5 Tutorial – How to simply count your positions with MQL5 appeared first on MQL5 Tutorial.

Ireland won gold at the European U-23s Cross Country championships on Sunday and Keelan Kilrehill joined OTB AM to discuss the victory and his journey in athletics to date. #OTBAM is live every morning with  @Gillette UK  | #BestFaceForward Catch up on the latest sports stories on Monday morning with OTB AM. OTB AM is the sports breakfast show from Off The Ball – live weekday mornings from 7:30-10:00 am across the OTB channels. You can subscribe to the OTB AM podcast wherever you get your podcasts across the OTB Podcast Network. via iTunes via ">Spotify via GoLoud  

The Portugal Corner's Inaugural Episode covering the Selecao! The Boys Talk Portugal Vs Azerbaijan, Portugal Vs Serbia, and Portugal Vs Luxembourg! They talk about Baku's beautiful buildings and the game in Torino, where the Selecao was shooting blanks. The Crazy Controversy of Cristiano Ronaldo's Goal against Serbia in their 2-2 tie. Gerson Rodrigues the undercover agent of Luxembourg scores against Portugal, but Fernando Santos and the boys finally got it together and win comfortably with a goal by Palhinha to seal the deal.  They break down the overall performance of all the players during qualifying, predict future captains, whether or not Fernando Santo's will be sacked.  They debate Diogo Jota and Simao Sabrosa who is the favorite left-winger.  They review the Junior Selecao and their domination of the Euro U-21 group stage after they take down England and Croatia.  Like "GOOD CANADIAN BOYS" they talk Canada Soccer reigning goals down south with the help of Alphonso Davies, and Cavallini. Stephen Eustaqio, Ricardo Ferriera, and Steven Vitoria add some Portuguese zest to the Canada Squad. They talk about the development of soccer in Canada and why the CPL (Canadian Premier League) came into existence.  The crown Joao Wonder and talk about some Benfica transfer rumors. Thanks for listening! Please make sure to rate and review us wherever you get your PODs & subscribe to our youtube page! Twitter: @joao_wonder Instagram: @theportugalcorner Google: theportugalcorner@gmail.com Anchor: https://anchor.fm/joao-wonder Sportify:https://open.spotify.com/show/3JhYDg9UQ5mpMMOkaItpwx Apple: https://podcasts.apple.com/ca/podcast/the-portugal-corner/id1553421610?l=en Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80YzM4YzQ1Yy9wb2RjYXN0L3Jzcw== Youtube: https://www.youtube.com/channel/UCAkupPtXdgfLHmFfl7zK0mg

In this week's episode, we discuss - Henry/Benzema poll results - Euro U-21 - CONCACAF Olympic qualifiers - Aguero leaving City Follow us on Instagram : @forward_pressing Follow us on Twitter: @ForwardPressPod Music: Clueless Kit - Strings (Soundcloud)

Dupla doza! Kaj dupla! Trojna! In še in še. Čakali smo 29 let in dočakali. V deseto. Slovenija je premagala Hrvaško. Na taki, resni tekmi. Čisto zares. Kot je šlo zares tudi na Euro U-21, kjer mlada reprezentanca prvič... Em, zaenkrat sodeluje. Da, dolg dan je bil. Dupla doza. Dolg teden. Se je nabralo. Aja, smo povedali, da ima Maribor novega trenerja? Pa da je bil žreb pokala? Da je drama v 2. SNL? Ofsajd lahko tudi podprete: urbani.si/ofsajd Lahko se naročite tudi na naš newsletter: urbani.si/listek ***Sodnikov podaljšek*** Če se znajdete v Ofsajdu, ga lahko aktivno podprete na urbani.si/ofsajd. Hvala vsem in vsakomur posebej! Oddajo #Ofsajd o fuzbalu slovenskem snemamo od septembra 2015, skoraj vsak fuzbal sezonski ponedeljek. Pa še kdaj vmes. Hvala!

Sri Mulyani: Belanja Negara Naik 4,2 Persen di Januari 2021 | Pemerintah Janji Perbaiki 3T COVID-19 | UEFA batalkan EURO U-19 *Kami ingin mendengar saran dan komentar kamu terkait podcast yang baru saja kamu simak, melalui surel ke podcast@kbrprime.id

Will the US Dollar Fall Over the Next 12 Months?Podcast: #377: Will the US Dollar Fall Over the Next 12 Months?In this video:00:26 – A great question from someone on my webinar01:12 – Some examples from the last 17 years02:09 – The EUR/USD got very high in 200803:05 – The GBP/USD went over 2.000004:10 – What does this tell you as a trader?Will the U.S. dollar decline over the next 12 months, and if so, how do you trade it? Let's talk about that and more, right now.Hi, forex traders. Andrew Mitchem here, at the Forex Trading Coach, with video and podcast number 377.A great question from someone on my webinarNow, I held a webinar just this morning and it was a free webinar for the public to attend. I had a great question asked on that webinar, and I'd like to read it for you and then answer the question. The question was, "Hey, Andrew. Look, there's a lot of talk these days about the U.S. dollar, and that it's going to decline over the next 12 months. Which U.S. dollar pairs would you recommend using to take advantage of this potential decline?" Fair enough question, you'd think.So my answer was, well, you cannot trade that way. You just cannot, because it means that you are now having a predefined ... in your mind, you are set on the U.S. dollar falling, and it's quite a dangerous way to trade because how does anybody know what's going to happen?Some examples from the last 17 yearsGive you some prime examples on this over the last number of years. So I've been trading for nearly 17 years and over that time, to be honest, actually, when I started trading, the U.S. dollar was talked down massively at that time. Everybody was talking up the Euro, talking up the pound, talking down the U.S. dollar, and that's not really happened. Within certain times over those last 17 years, yes, the U.S. dollar's declined, but then it's strengthened.The problem is, you cannot have that bigger picture idea, and back when I started trading, the monthly non-farm payroll, as it was called back then, the U.S. monthly unemployment data, the U.S. jobs news back then all the time was terrible. Huge numbers of job losses, and people were saying, "It's the end of the U.S. dollar. The Euro's going to take over. The new Euro, all these amalgamated countries. It's the new thing to do. You've got to be on to the Euro."The EUR/USD got very high in 2008So, give you some examples. Back then, the Euro got as high as 1.60. It got very, very high, the Euro against U.S. dollar, 1.60. Then, from mid-2008 onwards, if you look at a monthly chart, overall, all it's done is fallen. Like I mentioned just now, yes, there have been times where the Euro-U.S. dollar has gone up, and therefore the Euro is strengthened, the U.S. is weakened. But if you take the bigger picture since mid-2008, when the Euro-U.S. dollar hit just on 1.60, all it's done since then is fallen. So that tells you that actually, what's happening is the Euro is weakening and the U.S. dollar is strengthening. So if I had that bigger picture view back then of the U.S. dollar as weakening and declining, for the last 12 years, in general, I would have been wrong. So very, very dangerous thought process to go into there.The GBP/USD went over 2.0000Another example, the pound-U.S. dollar. Back in 2007, it went over two. So the rate of the pound-U.S. dollar was over two, 2.000. It went over that level and then it crashed to 1.14. So all it's done is the pound's dropped, the U.S. has strengthened. Again, everybody said the U.S. dollar would weaken, and all it's actually done, again, bigger picture, and there's been fluctuations, yes,

Spanyol dan Italia menjadi kandidat kuat untuk menjuarai turnamen Euro U-21 2019 karena memiliki pemain-pemain yang sudah rutin bermain di level teratas bersama klubnya. Namun banyak dari pemain mereka, terutama Spanyol, berusia lebih dari 21 tahun. Apakah tidak menyalahi aturan? Juga kita bahas sedikit rekapan sementara transfer pemain yang sudah terjadi di musim panas ini.

Podcast: How to trade Crypto Currencies ProfitablyIn this weekly video: 00:29 – The hot topic of conversation 00:49 – I took a Sell trade on Bitcoin on my live webinar 01:22 – Traded on Axi Trader FX account 01:54 – Technically the setup was the same as trading Forex charts 02:20 – Massive 37% loss since the high in December 02:50 – A client on mine has developed a robot which trades Bitcoin – Live Webinar on 25th January 04:03 – Click on the link below to attend the live webinarCryptocurrencies. Everybody's talking about them. If you want to know how to trade them profitably, listen up I've got some great news for you.Hi, Forex Traders! Andrew Mitchem here, The Forex Trading Coach. Video and Podcast number 257.The hot topic of conversationGonna talk about the hot topic of right now, which is cryptocurrencies, Bitcoin, et cetera. Wherever you go online, it's all over the internet; it's all over newspapers. Is it a good thing? Is it not a good thing? Is it a bubble? Are people gonna lose their homes over it? All these types of things are going on right now.And up until recently, I haven't personally had a lot to do with cryptocurrencies.I took a Sell trade on Bitcoin on my live webinarBut yesterday, I held a live two-hour live webinar for my clients. During that session, I saw a fantastic trade set-up on the Forex charts, but on Bitcoin. It was a sell-trade. If you've been following Bitcoin, for example, back in mid-December it was up at 19,000 U.S. dollars. Now it's just so dropped below $12,000. And so I saw a technical set-up on Bitcoin to sell it. It was on a four hour chart. It went really nicely.Traded on Axi Trader FX accountThe interesting thing was I took the trade on my AxiTrader account and the minimum lot size I was able to place was one standard lot. So with a volatile market like Bitcoin, that was quite a lot of movement and quite a big fluctuation in my profit and loss as the trade was progressing. So it is something that you'd need to have a relatively large account size in order to do because there is potentially a lot of money to be made and also potentially some to be lost if you don't know what you're doing.Technically the setup was the same as trading Forex chartsBut what I really did like about it is technically, it didn't matter whether I was trading the Euro U.S. dollar or Bitcoin against the U.S. dollar because technically, the set-up was there and my charts and my software picked the candle patent that I've always looked for regardless of what I'm trading or what time frame. And saw the trade, basically, took the trade. Now, as I mentioned volatility is thereMassive 37% loss since the high in DecemberThe good thing is that with the way that I traded it through my broker, my Meta Trader 4 broker, is I didn't need $19,000 U.S. like you would have back in mid-December. Just imagine how those people are feeling today when the prices right now as I'm recording this is under $12,000. That's around a 37% loss on their money in one month. That's not good. You know? The great thing is that with leverage through your broker, you don't need that money upfront.A client on mine has developed a robot which trades Bitcoin – Live Webinar on 25th JanuarySo. Good things to tell you about. Ivo, who is a client of mine over in Ireland. He's been with me for about probably four or five years. He's developed a trading robot or an expert advisor that trades my strategy. He calls it Satoshi and he trades it very successfully across Forex pairs. Now he's developed that same robot to work across Bitcoin.Now, next week on Thursday the 25th of January, we're gonna be holding a live webinar. It's gonna be in the European session and what I'm going to do is I'm gonna put a link below this video an...

Carlo Valladares (@C_V_News) is the guest on this edition of the program, wherein he takes part in a conversation about Atlético Madrid’s goalkeepers and defenders and the strength of their performances over the course of the 2016-17 season. Topics include a debate on the best fit next to Diego Godín at center back, Juanfran’s legacy, Jan Oblak’s status as Europe’s best shot-stopper and more. Carlo and Jeremy gush over Saúl Ñíguez’ hat trick against Italy in the EURO U-21s and discuss how far the canterano can go for club and country, as well as the news that El Doblete - the bar near the Vicente Calderón - will be moving to a location near the Wanda Metropolitano. Like Into the Calderón on Facebook at facebook.com/intothecalderon, and subscribe and listen to all new and archived episodes of Colchonero Chat on iTunes, Stitcher, Acast, Google Play and TuneIn.

Daryl Grove with today's soccer news and patriotic tea-making tips: FIFA corruption revealed, almost! An Englishman sneaks onto the US Gold Cup roster. England U21s face Germany in the Euro U 21 semis and will almost definitely not lose on penalties. Plus: Man Utd in for Matic and Liverpool get a quote on Keita. Get more Goalmouth in the newsletter, this-a-way --> fifa.wtf/2cS0Z5V  

Podcast: Currency Strength and the use of Bollinger BandsIn this video: 00:31   Currency strength and weakness analysis 03:22   Trading with Bollinger Bands 05:07   Identifying the right part of the chartIn today’s video and podcast I’m going to explain how I trade with currency strength and weakness each day and also I’ve got a question that I like to answer regarding the use of Bollinger Bands. So let’s get into that and explain more right now.   Hi Forex traders, it’s Andrew Mitchem here, The Forex Trading Coach. And I’d like to answer a couple of questions that I’ve been asked over the last couple of weeks from people and the first one relates to the currency strength and weakness analysis that I post each day on my website. I post also in a number of other sites such as Forex Peace Army where I’m one of the giants on that site. The way that I like to use that is if I’m seeing strength in a particular currency pair let’s say the Euro/U.S. Dollar (EUR/USD) as an example. Let’s say I’m seeing strength, I’m looking for predominantly buy positions. What that means is overall, I’m looking for a lot of strength in the Euro currency and at the same time I’m seeing weakness in the U.S. Dollar (USD). Put that together, the Euro and the U.S. as the currency pair because of course we have to trade in pairs as Forex traders. That means that ideally I’m looking for the Euro against the U.S. to rise in the value over the next 24 hours. The Practical Way Of Trading So as a practical way of trading that, what that means is if I’m looking at the Euro/U.S. Dollar (EUR/USD) and I’ve identified that and I see buy trade setups on any other shorter time frame charts that day, that to me has to have a lot of extra strength and probability about those trades working and working in other words getting to the profit targets and in my favor. Now that means that I have the longer time frame charts showing a likelihood of the Euro/U.S. Dollar (EUR/USD) moving up, it means that when I take my trade maybe it’s the 4-hour chart or the 1-hour chart or even down to a 5-minute chart whatever it is, if I see a buy trade I’m trading with that likely overall direction. So think about the probabilities because trading and technical trading does come down largely to probabilities. The probability is I’m trading with the main trend. If the setup is good enough and I have my stop loss and my profit target in place at correct technical levels therefore the trade has a high probability of working than taking sell trades on that day. Let’s say that over the course of the day the Euro/U.S. Dollar (EUR/UDSD) just falls and falls and falls and I’ve said I’m looking for buy trades. What that means is the likelihood of me taking a buy trade is very, very small because I’m not likely to see any good setups if the currency pair has just fallen all day. So although it means that it’s not ended the day in the direction that I was ideally looking for, it means on the shorter time frame charts I probably haven’t lost anything because I haven’t taken any new trade setups. So there has to be; when you think about that a lot of benefits of identifying strength and weakness and trading in those directions for that day. So that’s the first question. The Use Of Bollinger Bands The second question I’ve had, it has to do with Bollinger Bands and the use of Bollinger Bands (because I’m not sure if you can see behind me here on my screen), I do use Bollinger Bands. It’s one of the few standard indicators that I use. I don’t take it as such as, like to identify a trade setup as such. I’m not using whether it’s bounce up a Bollinger Band or hit it or move down and whatever it might be, I’m not doing that. What I’m doing is I’m using Bollinger Bands to help identify what part of the chart the price is in r...

Podcast:It's Bad News for Savers and Good News for Forex TradersIn this video:00:42   European Bank Drops Interest Rates02:10   A really good feedback of 2.5% returns just on one trade03:24   Forex trader’s advantage in saving and investingToday, I’ve got a really bad news for you if you are a saver but exceptionally good news for you if you are a Forex trader like me.So let’s talk about that right now.Hi traders, it’s Andrew Mitchem here, The Forex Trading Coach. Today is Friday, the 5th of September and as I’ve mentioned I’ve got some bad news for you if you are a saver but some really good news for you if you are a good Forex trader.The bad news first, yesterday, the European banks decided to drop their interest rate yet again and the Euro is now are at a level that’s lowest against the U.S. for over one year. I’ve done a little bit of research because here in New Zealand our interest rates are some of the highest in the world. But even so, around a 4% on a term deposit is about as high as you can realistically wish to get right now.I’ve done a bit of research and I found that in Europe, most savings (banks savings) rates are now under 1% and that’s per year (1% return/year). The highest I could find on a 1 year fixed-rate in the U.K. was 1.4% and the highest that I could find in the U.S. for 1 year was 1.1%.So some pretty misely depressing kinds of returns there if you have money in the bank or term deposit as a savings. And really when you think about the realistic day to day goings on there you add inflation into that and it means you’re actually going backwards by having your money in a bank.For us as Forex traders, of course we have the potential to make substantially far greater returns than that.And I’ll give you a few examples:Just yesterday, I held a live 2-hour live trading room session with my clients and I had an email from one of the clients who’s just joined only a few weeks ago. He said, “Hey Andrew I really enjoyed the webinar, I needed to let you know that I’ve made 2.5%.” –  On a trade that he mentioned he was taking while we were on the webinar yesterday.2.5% return just on one trade, so really good feedback there.I personally took 3 trades during that session, all on the 1-hour charts and 2 of them made profit and 1 lost. I was risking 0.5% of my account on each of the 3 trades. I had a trade on the Euro/U.S. Dollar (EUR/USD) that made a 2.4 reward to risk, a trade on the British Pound/Canadian Dollar (GBP/CAD) that made a 1.7 return to risk. Both of those two were profitable.I also had a 1-hour chart trade which I took on Gold which lost. Put all that together, 2 profitable trades, 1 losing trade with only 0.5% risk on all 3 of them, on each of them, that gave me a +1.55% return on my account just while I was talking to my clients trading live in front of them on a webinar.Now out of all the lists I’ve got here, I can’t find anybody in terms of a bank in the U.K., Europe or the U.S. that can make more than that 1.55% in an entire year on my savings. I’ve made that just in 3 trades whilst on a live session.So it just shows the advantage that we have as Forex traders over the more traditional forms of investing or savings. So I just needed to let you know that in terms of what great returns can be made providing of course you have the usual things in your favor. You need to trade on the time frame that suits you or multiple time frames that suit you. You need to have a strategy that’s proven and a strategy that you understand and it works favorably for you. You need to have very low risk per trade which is why I have a maximum 0.5% of my account myself on any one trade, and you need to have a high return from your trades.So those 2 trades that were profitable, one of them had a 2.4 reward to risk.

Podcast:Why it's Important to Stick to a Set of Rules when Trading ForexIn this video: 00:50   Writing down a set of rules and sticking to them02:35   An experience that I’m currently enjoying03:25   “Life Advantages” in Forex Trading The Importance of Setting a List of Rules in Forex Trading. Sticking to a set of rules would definitely help you to become a formal profitable Forex trader. Let’s talk about that right now.Hi Forex traders it’s Andrew Mitchem from The Forex Trading Coach and today is Friday, the 15th of August and I want to talk about the importance of setting yourself a list of rules.  You see trading obviously is such an emotional business. We’re trading with real money, you’re making money, you’re losing money, you’re making it again and it definitely affects the way that you feel and emotions can become such a big part of your trading. It’s very important to try and keep that under control. There are many ways to go about that. I use low risk per trade and I’ve talked about that many times on these videos and podcasts. But also today I want to talk about writing down a set of rules and sticking to them but they need to be set of rules that work for you. Because when you have a set of rules, it may be an entry rules setup, it may be an exit rule decision; whatever it might you’ve got to be able to be comfortable with that and to stick with it. You know we have rules as guidelines. It helps us in making stupid decisions, emotional decisions, it takes as much of the emotion away from our trading as possible. So I want you to have a think about that and set a group of rules and list of rules, pin it on the wall next to your computer,  whatever it might be and go through that list of rules every time you’re thinking about taking a new trade. Do it every day before you start to take trades. * Analyze that market* What are you looking for?* What setups are you looking for?* Are you looking at trading with the daily strength?* Are you looking at reversal trades?* What percentage of your account are you looking at risking per trade?* How many trades would you have open at once?If you saw a really good setup on let’s say the Euro/U.S. Dollar (EUR/USD) to sell it and you had a setup on the daily chart, the 4-hourly chart, the 1-hourly chart and then the 15-minute chart comes along, show us a good setup.Are you going to take that where it might be your 4th or 5th trade on the same pair and the same direction? You might do it. If that’s your rules then go for it but you need to have that written and down in advance.What happens if you get really close to your profit target?Are you the sort of person that gets a bit itchy and watch the start/closing part of your trades?Do you like to move your stops to break-even? You know are you sitting there staring at your charts you’d say, “No, I’ve got my profit target for a reason. I’m going to walk away and leave it.” What is it that suits you? So have that set of rules. Now, to bring that back to an experience that I’m currently enjoying is, as you probably know I’m learning to fly a helicopter right now and about an hour ago I’ve just returned from a flight. The same thing applies in helicopter flying; I have a set of rules: * I take off at the right speed* I go at the right height* I have the right pressure on the engine*  I have  the right forward momentum* I have the rotors going at the right speed 

Podcast:Exceptional Return of 1% per DayIn this video: 01:03    A client with exceptional return (1% per day) 02:41    Weekly chart trade on the Euro/U.S. Dollar (EUR/USD) 04:52    A lot of strength in the Japanese Yen (JPY) I’ve just been talking on the phone with a client of mine who’s making 1% return per day on his account. Let me share that and more details with you right now. Hi traders it’s Andrew Mitchem here, the FOREX Trading Coach and today, is Friday, the 18th of July. I’ve just got off the phone about half an hour ago with a client of mine who’s only been with me for just over one month and he’s based here in New Zealand and he’s really excited to share his trading results. I’m not going to mention names on this particular video and podcast but if you would like to find out more I’m sure he’ll be more than happy for me to pass on his details but he wanted to tell me that he spent a quite bit of a time initially when he bought the course studying it full time. The last couple of weeks he’s been trading, (he’s been trading since he started) but the last couple of weeks he’s been trading on a live account and he’s making 1% on average per day. He did tell me his account size on a live account; I’m not going to divulge information but let’s just say he’s making more per day than most people on wages would be making per week. He was just really excited to share that information with me and just to let me know, obviously, one, he’s very happy with his own trading and the returns he’s getting and how much the course has helped him to develop from being a break-even type of trader to already this quickly making a really good return on his own trading and also of course gaining huge confidence from his trading.FOREX Trading Strategies* Now he was telling me that he uses my daily analysis that I post for my clients each day and the strength and weakness analysis that I also post and looking at different currencies; some are strong some are weak for the day. So what he’s doing is he’s trading in those directions going down to the shorter time frame charts. He suggested that he’s looking at mostly the 15-minute time frame for refined entries but doing extremely well (1% per day) is just an exceptional return. So I just wanted to share that information with you and just show you what is being achieved and what can be achieved by just having a really good strategy and place that suits you and that gives you confidence within your trading. * The other thing that also just happened about he hits a really good hour. Actually the last 30 minutes I was talking to him and just before I started this video. I’ve had a trade (weekly chart trade) on the Euro/U.S. Dollar (EUR/USD). It’s been open for two weeks so I took it on the 9th of July and it’s just closed for full profit – 4.6 to 1 reward to risk trade so that’s a pretty incredible return there. If you were to trade let’s say 0.5 of 1% on that trade which I did – that was a 2.3% return on my account just from that one trade. Yes it took just over two weeks to hit the profit target but it didn’t take any more work and that’s the important thing to realise. It was taken on a weekly chart so I have to expect that it’s going to take 1, 2, 3 or 4 bars. In this case, it’s been weeks to come through the full profit. * If I was taking that same type of trades set up on the 15-minute charts, I might expect the trade to take 1, 2, 3, or 4 bars – in other words, at maybe from 15 minutes through to an hour or so to hit full profit. It really doesn’t matter what time frame chart you take your trades on. If you have a good strategy the actual candle patterns and the set ups, the technical setups are exactly the same.