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#489: Does Your Strategy Work Across All Time Frame Charts & All Markets?

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Manage episode 354514224 series 1567435
Innhold levert av Online Forex Trading Course. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Online Forex Trading Course eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Does Your Strategy Work Across All Time Frame Charts & All Markets? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #489: Does Your Strategy Work Across All Time Frame Charts & All Markets? In this video: 00:24 – Don’t use a strategy that only works on one time frame chart 00:57 – Things that experience bring 01:33 – The strategy that I developed 17 years ago and still use today 02:58 – Candle Patterns and Price 03:10 – Real life examples from this year 03:50 – H2 EUR/USD makes a 4:1 Reward:Risk 05:13 – The power of a trading community Your trading strategy, if it's a good strategy, should work across all timeframe charts and all markets. Let me explain more. Right now Hey there, traders. It's Andrew MItchem here, the Forex trading coach for video on podcast number 489. Don’t use a strategy that only works on one time frame chart Now, one of the things that fascinated me when I started trading almost 20 years ago was I would buy systems or view systems online or buy books, and people would say, Hey, this system's really good. It's fantastic, guaranteed to work, which of course it's not. But you know, it's getting to work and you should only apply it on the pound US dollar or you should only apply it on 15 minute timeframe charts or five minute time frame charts. And I can never really understand why that was. But when you knew you kind of take on board what people say and they develop the systems, you kind of go with it. Things that experience bring It's not until you develop some time, strategies, knowledge, experience, and I have your ups and downs that you go through. Do you actually realize that that's not a good way of trading? But she soon find out that over optimizing and curve fitting, although it may look good in hindsight and you can make results, historical results look absolutely incredible. You soon get to find out and realize that the reality is that that kind of over optimizing and curve fitting does never work in the real market going forward or doesn't work consistently well. The strategy that I developed 17 years ago and still use today And so when I developed my own strategy, which we're now talking about sort of 17 plus years ago, by the time I've been through the ups and downs of following other people and I wanted something that was real, that was going to work across all timeframe, charts, all currency pairs and all trading conditions, because you never know when you're going to be in trending markets or rangebound markets. You just don't know in advance, of course. And now what we developed as we go into more and more markets available to us, we have more markets available to us, especially on MT5, is of course we can now trade into the crypto markets, the commodities, indices, metals and so the fantastic thing that I love about my strategy is not only does it work across all different timeframe charts and by the way, if you're on MT5, you know how easy it is now to put on like six hour charts or two hour, six hour, eight hour, 12 hour charts, which of course in MT4 days we didn't really have so much availability to those charts. So not only does the strategy today were equally as well across all timeframe charts, we have a lot more forex pairs in play. You know, we've got some like Euro/Mexican and we've got, you know, US/Singapore and we've got Thai and we've got and you know, pesos where all these markets that a few years ago we didn't have access to. Plus of course to go to all those other non markets. Candle Patterns and Price And the beauty of using price action by using candle patterns and candle shapes and where they appear within the charts is that can be applied across all timeframes, all markets. And that's why the strategy does so well. Real life examples from this year Now let's put that into a real example for you. Just last week I was saying how our daily chart trades had produced a 7....
  continue reading

442 episoder

Artwork
iconDel
 
Manage episode 354514224 series 1567435
Innhold levert av Online Forex Trading Course. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Online Forex Trading Course eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
Does Your Strategy Work Across All Time Frame Charts & All Markets? Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #489: Does Your Strategy Work Across All Time Frame Charts & All Markets? In this video: 00:24 – Don’t use a strategy that only works on one time frame chart 00:57 – Things that experience bring 01:33 – The strategy that I developed 17 years ago and still use today 02:58 – Candle Patterns and Price 03:10 – Real life examples from this year 03:50 – H2 EUR/USD makes a 4:1 Reward:Risk 05:13 – The power of a trading community Your trading strategy, if it's a good strategy, should work across all timeframe charts and all markets. Let me explain more. Right now Hey there, traders. It's Andrew MItchem here, the Forex trading coach for video on podcast number 489. Don’t use a strategy that only works on one time frame chart Now, one of the things that fascinated me when I started trading almost 20 years ago was I would buy systems or view systems online or buy books, and people would say, Hey, this system's really good. It's fantastic, guaranteed to work, which of course it's not. But you know, it's getting to work and you should only apply it on the pound US dollar or you should only apply it on 15 minute timeframe charts or five minute time frame charts. And I can never really understand why that was. But when you knew you kind of take on board what people say and they develop the systems, you kind of go with it. Things that experience bring It's not until you develop some time, strategies, knowledge, experience, and I have your ups and downs that you go through. Do you actually realize that that's not a good way of trading? But she soon find out that over optimizing and curve fitting, although it may look good in hindsight and you can make results, historical results look absolutely incredible. You soon get to find out and realize that the reality is that that kind of over optimizing and curve fitting does never work in the real market going forward or doesn't work consistently well. The strategy that I developed 17 years ago and still use today And so when I developed my own strategy, which we're now talking about sort of 17 plus years ago, by the time I've been through the ups and downs of following other people and I wanted something that was real, that was going to work across all timeframe, charts, all currency pairs and all trading conditions, because you never know when you're going to be in trending markets or rangebound markets. You just don't know in advance, of course. And now what we developed as we go into more and more markets available to us, we have more markets available to us, especially on MT5, is of course we can now trade into the crypto markets, the commodities, indices, metals and so the fantastic thing that I love about my strategy is not only does it work across all different timeframe charts and by the way, if you're on MT5, you know how easy it is now to put on like six hour charts or two hour, six hour, eight hour, 12 hour charts, which of course in MT4 days we didn't really have so much availability to those charts. So not only does the strategy today were equally as well across all timeframe charts, we have a lot more forex pairs in play. You know, we've got some like Euro/Mexican and we've got, you know, US/Singapore and we've got Thai and we've got and you know, pesos where all these markets that a few years ago we didn't have access to. Plus of course to go to all those other non markets. Candle Patterns and Price And the beauty of using price action by using candle patterns and candle shapes and where they appear within the charts is that can be applied across all timeframes, all markets. And that's why the strategy does so well. Real life examples from this year Now let's put that into a real example for you. Just last week I was saying how our daily chart trades had produced a 7....
  continue reading

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