• #555: What has caused the large recent moves in the Markets?

  • Aug 10 2024
  • Duración: 7 m
  • Podcast

#555: What has caused the large recent moves in the Markets?

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  • What has caused the large recent moves in the Markets?  Podcast: 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 Click Here to Check Out Other Recommended Brokers #555: What has caused the large recent moves in the Markets? In this video: 00:25 – Big recent moves in the markets. 01:05 – Clients are making excellent returns. 03:15 – The recent moves. 04:00 – I look at charts and remove emotion. 04:43 – Trading with the longer-term trend helps. 05:22 – Blueberry Markets as a Forex Broker. 05:27 – Join my 17 minutes Masterclass and Book a Call. 06:25 – Comments, Like & Subscribe. So what's cool is the big moves that we've seen across multiple markets over the last few weeks. Let's talk about that important topic more right now. Hey traders! it's Andrew Mitchem here at the Forex Trading Coach with video on podcast number 555. Big recent moves in the markets. Now you'd know if you've been following the forex market or many of the other markets around that over the last few weeks, we've seen some quite amazing moves. we've seen the yen strengthen. We've seen a lot of the indices crashing. We've seen a lot of the, cryptos dropping. In fact, Bitcoin in about a week or so dropped some 30% in value. And we've seen like the yen pairs with the yen been the strongest. It's been for quite some time. A lot of yen pairs like the AUD/JPY, NZD/JPY, just, you know, just dropping and it's been some quite incredible moves. Clients are making excellent returns. Now, if you've been following my recent videos and podcasts, you've noticed that last week I talked about Hamish, a client of asset made an amazing 53%, return on a live account in the month of July. And the week prior to that, I talked about how we made a 13.2% account gain. Now, a lot of that was, placing some daily and weekly and monthly charts. so we saw all of this coming in advance. And if you go back and look at what I talked about a few months ago, if we're looking at monthly charts and then also some weekly charts, we saw this happening on the charts. So it comes as no surprise, to us whatsoever that these moves have happened. Now, I did a podcast, with a trading battle group a few months ago, about three months ago. And I said that the likes of Ethereum, I was looking for a longer term to be dropping and also Bitcoin. That's exactly what we've seen. So how did I know that back then when I looked at the longer time frame charts and we use our analysis to suggest that this is where it's tipping over and this is likely where it's moving to and, and why we don't always know when and how quickly it's going to get there. But we know quite likely it's going to move in this direction, is likely to move to that area. Now, that information to have in the back in mind as a specific trade or just in terms of general information is absolutely crucial as a trader. And so having that information, but also being able to make that assessment, don't forget when everything's moving up and up and up and up and going crazy. And with that going, it's now time to sell. We're looking for a retracement. And then looking at the price to then drop. Sometimes you feel a little bit kind of a little bit alone, a little bit there by yourself because everybody is saying its going up and up and up and where I'm going. Well everything's telling me that things are likely to drop and to go all the way down there, which at the time seems like a crazy low price when the market's doing the opposite. And that becomes the, I suppose, the importance of understanding chart patterns and looking at what's happening and why. The recent moves. Because when it comes to what's happened in the last few weeks and the whys to that, it's like, well, a lot of that is fundamental news.
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