Episodes

  • #568: Why the US Election Results Matter for Forex Traders

    #568: Why the US Election Results Matter for Forex Traders
    Nov 10 2024
    Why the US Election Results Matter for Forex Traders  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 #568: Why the US Election Results Matter for Forex Traders In this video: 00:24 – Trump wins the US Election with a massive win. 00:53 – Quiet price action leading up to the election. 01:40 – W1 and Shorter time frame chart trades 02:02 – Selling Silver on the W1 charts. 03:09 – Metals dropped after the election result. 04:17 – The charts tell us what was going to happen with the election. 04:39 - My 17 minutes Masterclass and Book a Call. 05:18 – Blueberry Markets as a Forex Broker. 08:02 – Comments, Like & Subscribe. I want to talk about the US election results and why I'm a technical trader. Let's talk about those topics and more right now. Hey there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 568. Trump wins the US Election with a massive win. So we've just had the results of the US election. This week has been a really good result. It's been a positive result. there's not going to be any indecision in the market now. we're not going to get any delay in the result. We're not going to get any court action and recounts and all that type of thing. So from the markets point of view, it's been a great result. And it's been a good, strong, decisive, positive result. And that's what the market needs and was looking for. Quiet price action leading up to the election. Now leading up to the US election, we've had a, like a quite a quiet couple of weeks, especially on the daily charts. And we've had that indecision and not really too much happening leading up to say, last week. And then the end of last week, we had the US monthly job news, and then the beginning of this week is all being quiet leading up to the election. Then, of course, you don't want to be trading on the election day with potentially, you know, big moves or spreads widening and then we finally got the result and things are likely to now settle down again. So it's been a really interesting couple of weeks. You see the daily charts have been and the slightly longer timeframe charts like the 12 hours have been a little bit more indecisive. Not much happening there. W1 and Shorter time frame chart trades However you take it out to bigger picture and the weekly charts. We've had some great results and then the shorter timeframe charts between, say, like the two and six hour charts, two, three, four, six hour charts. We've seen some great results as well. So it's really interesting that as a trader, you have to trade what the market's giving you at the time. Selling Silver on the W1 charts. And an example would be, we've taken a couple of, sell trades on silver at the beginning of this week. So we're talking, you know, like three days before the election results, we saw that XAG/USD and also, XAG/EUR were both dropping based off the weekly charts. And so we took sell trades on both of those. We suggested to our clients, we took sell trades or, they should, look at some sell trades as well. And we've profited from those trades. Now, as a technical trader, I was into those trades on Monday my time or Sunday from the US. at the beginning of the week. and so the charts were telling us from a technical point of view that Silver was going to drop. Now, how far it goes from now. I don't really worry because I'm out of the trade for full profit. and now we're looking for maybe another trade potentially might move back up again next week. Who knows. But we saw at the beginning of this week, before the fundamental results, we saw on the technicals that the silver was falling. We entered the trade. We've hit the profit target. Metals dropped after the election result.
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    7 mins
  • #567: How to Know If Forex Trading Is Right for You

    #567: How to Know If Forex Trading Is Right for You
    Nov 3 2024
    How to Know If Forex Trading Is Right for You  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 #567: How to Know If Forex Trading Is Right for You In this video: 00:20 – Is trading for everybody? 01:41 – Some people are just lazy. 03:20 – You need to be willing to work at trading. 03:51 – Trading and Painting. 04:30 – Want to join us – Book a Call first. 04:58 - My 17 minutes Masterclass. 05:05 – Blueberry Markets as a Forex Broker. Is trading for everybody? Let's talk about that really important topic and more right now. Is trading for everybody? Hey there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 567. Now, I've had a few interesting chats this week and I want to bring this to your attention and really want to say, look, is trading for everybody. the answer is absolutely not. And as a result of what I've experienced this week, I want to explain why I'm saying it's not for everybody. I received a call a few days ago from someone who lives here in New Zealand. He's not a New Zealander. Believe he's living here right now. And I had some doubts when I heard the conversation, and I ended up saying, look, I don't think you should do this. I don't think trading is for you. And certainly we're not a good match. he was, you know, it was all a little bit desperate, needing the money, potentially saying there was health issues. whether there was or not, I don't know, but, you know, it was quite a sob story, and I've only got $300, and I heard it all, and I go, you know, I've heard this so many times over 20 years of trading and teaching. This is not for you. You know, you're not in a position mentally, potentially physically, financially to do this. And if you jump on board, it's going to end badly because people like that, desperate for money, they're not willing to put the time in. Some people are just lazy. You know, people can be very lazy, you know, so they just want a copy. In fact, I did say to him, look, you should probably just go and buy yourself a monthly subscription to a signal service, because I don't think that you're the type of person that's going to be putting in the time, the effort, the commitment, to learn and now, important to note that just because you may not have, money today, that doesn't matter. The thing that we're doing is we're, teaching people how to trade properly, but you still need to put that time commitment effort into wanting to learn how to do it. If you can trade. You can trade on demo. You can trade on small live accounts. You can go through the prop firms, you know, there's so many different ways to be successful without needing the funds to date. Now, sure, if you come on board with us, you need some funds to invest in the coaching. You know, we're not at the giving, our time, our knowledge, our expertise. you know, just for peanuts. You know, we're posting trades every day without fail. We've done this since 2010. We're on webinars, forums, all those type of things and a proven strategy. So, yes, there has to be, you know, an upfront fee to do that. You know, we are not a charity. Let's be let's be clear about this. But when we have good successful traders, you will make your investment batches countless times over. And yeah, that knowledge, for the rest of your life. But coming back to this individual person just wasn't going to be him, you know, it wasn't going to work. And so the question comes, should everybody trade? Absolutely not. You need to be willing to work at trading. You know, you've got to still put the time, the effort, the commitment, the willing to have ups and downs in the market. You know, if you come on board and you go, oh look I'm not making money after one month. Well that's because you're learning. You know,
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    6 mins
  • #566: How to Trade Without Following the Major Trading Sessions

    #566: How to Trade Without Following the Major Trading Sessions
    Oct 27 2024
    How to Trade Without Following the Major Trading Sessions 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 #566: How to Trade Without Following the Major Trading Sessions In this video: 00:26 – Which trading Session should you look at? 01:13 – I used to be up all hours of the nigh trading the US session. 02:53 – Profitable US30 and Natural Gas trades. 04:25 – Trade on the close of a candle. 05:30 - My 17 minutes Masterclass and Book a Call. 05:58 – Blueberry Markets as a Forex Broker. 06:26 – Comments, Like & Subscribe. Should you trade the European and US Trading Sessions in order to be a successful forex trader? Let's talk about that a more. Right now. Hey there, Traders! This is Andrew Mitchem here at the Forex Trading Coach for video and podcast number 566. Which trading Session should you look at? Today I want to talk about trading sessions. A lot of people get confused and get this completely wrong. And they think that in order to be a successful trader, whether it be forex or metals or indices, whatever it might be, they think that they should trade what we call the trading sessions. Now the Asian trading session was just based around Tokyo. Then we have the London and kind of that into European trading sessions and then the US trading sessions. And they tend to be the times when this the most activity within the market. And people get very confused and they think, well, I should only be trading the London trading session or I should only be trading the US session, or make sure I try and trade both of them, and it's something that you do not have to do. I used to be up all hours of the nigh trading the US session. Now, admittedly, when I started to trade, I thought that's what you had to do as well because that's what people tell you you should do. But quite often in life, with most things and people tell you you've got to do this. The reality is that there's a far better way of doing it by ignoring what they say. And there's no better example than that. Then for me, living here in New Zealand, the London session is in our evening into our night time, and the US session is the very early hours of the morning. Utterly impossible and unrealistic. Impractical to trade. And just this week I've taken trades on the US30 and also on natural gas. Now the US30, especially being in a US index. Traditionally, I would have thought, well, that means I have to be up at 2:00 in the morning to trade when the US markets are open and when natural gas, slightly less of a, an issue, but again, not a main forex what you call like a mainstream forex pair because it's a gas and the metals, the gases, and the indices and a lot of the commodities as well tend to be based more around the US time of day. Not particularly useful when you live on this side of the world. But really this applies to wherever you live in the world. If you're living in, Europe, let's say you got, well, I can't trade the London morning session because I'm at work. you may be in the US and go, well, I can't trade the London trading session because it's like 4:00 in the morning for me. And so it doesn't matter where you live in the world, the same concept applies. Profitable US30 and Natural Gas trades. The thing is, with trades like the US30 that I took this week, and by the way, it was a very profitable trade. We had a 3.2 to 1 reward to risk on that, and we also had a 2.8 to 1 reward to risk on the natural gas, both for profitable. So great results. the point being is I took both of those two trades based off the daily charts, and I took them at the close of the day, which is 5 p.m. New York time. Now, the great thing is, when you understand, close of charts, close a day charts and the close of a time friend chart.
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    7 mins
  • #565: Why Trading Multiple Time Frames Boosts Your Forex Success

    #565: Why Trading Multiple Time Frames Boosts Your Forex Success
    Oct 19 2024
    Why Trading Multiple Time Frames Boosts Your Forex Success 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 #565: Why Trading Multiple Time Frames Boosts Your Forex Success In this video: 00:22 – What is the best time frame chart to trade? 01:01 – It depends on how you like to trade. 01:57 – What is the market doing? 02:35 – My preferred times of day to trade. 03:20 – My trading time frames this week. 05:52 – Ideally trade a blend of different time frame charts. 07:10 - My 17 minutes Masterclass and Book a Call. 07:21 – Blueberry Markets as a Forex Broker. 08:02 – Comments, Like & Subscribe. What's the best time frame chart that you should trade as a forex trader? Let's talk about that a more. Right now. Like. Hey there, Traders! Andrew here at the Forex Trading Coach with video on podcast number 565. What is the best time frame chart to trade? Want to talk about a really important topic about different time frame charts. What is the best time frame chart to trade? It's a an issue that so many people struggle with because they get confused when they look at different charts. And as an example, they may look at a daily chart and it looks like, let's say the EUR/USD is moving up. And then they go to a one hour chart and it looks like it's moving down and they don't know what to do. You get that analysis paralysis. Which one's better, which one's more reliable. Which one should I be trading. And I quite often get asked hey Andrew, what's the best time frame if I just had to choose one? What is the best? It depends on how you like to trade. Now, unfortunately, there is no one best time frame chart. So really depends on you as a person and as a trader. You see, if you're the sort of person that wants to sit there for 2 or 3 hours a day studying the shorter time frame charts, almost certainly taking a trade of some inscription then probably the shorter time frame charts are for you. However, on the other hand, if you like to do other things and you want to trade, say just monthlies and weeklies and possibly dailies and you like those longer time frame charts, then that's what you should be focusing on. But also for me as a trader, I think the important thing is to have a balance of both, because a lot of it comes down to not what you want to do or can do. What I want to do or can do. It's just it comes down to the market conditions at the time, and that's the real important factor. What is the market doing? What is the market going to give us today or this week for this month? That is going to give us a high probability chance of success. And that's why for me, the answer to what is the best time frame to chart to trade is it depends. And also you should look at multiple time frame charts. Now, I'm not saying you need to be there staring at your charts for like hours and hours a day. Far from it. You need to be smart about this, and you can trade multiple time frame charts looking for the highest quality setup by just looking at charts, just like, say, once or twice a day. My preferred times of day to trade. Now, if I had to pick one time of the day, that would be my preferred time. It would be at the close of the trading day, which is 5 p.m. New York time. Now that is when we analyze the markets and we post our daily chart trade suggestions, but also at that time we scan through the markets and look at 12 hours, eight hours and six hours because they close at the same time. At the beginning of the week, you can look at the weekly charts. Beginning of the month you will look at the monthly charts. If I had to pick another time, it would be 5 a.m. Eastern Standard Time, New York time, because that's into the European session. The 12 hours change over so as the 6,4,3,2,1 hour charts,
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    8 mins
  • #564: Why 90% Win Rate Systems Are Dangerous for Forex Traders

    #564: Why 90% Win Rate Systems Are Dangerous for Forex Traders
    Oct 13 2024
    Why 90% Win Rate Systems Are Dangerous for Forex Traders  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 #564: Why 90% Win Rate Systems Are Dangerous for Forex Traders In this video: 00:26 – Do you want a 90% win rate system? 01:48 – A traders comment about a high win rate strategy. 03:15 – Focus on the quality trades. 05:05 – My 17 minutes Masterclass and Book a Call. 05:15 – Blueberry Markets as a Forex Broker. 05:55 – Comments, Like & Subscribe. As a Trader. Someone gave you a system that had a 90% win rate. I bet you'd want to trade it. The reality is, you should not trade a 90% win rate system. I'm going to explain why right now. Hey there, Traders! It's Andrew Mitchem at The Forex Trading Coach with video and podcast number 564. Do you want a 90% win rate system? So you heard me right. If I said to you, hey, I'm sure you love my system, that's got a 90% win rate, I. But you're going to make lots of money and you get. Yes. Please give it to me. The reality is that you're probably not going to make money off of a system like that. Now, if you've been following me for any length of time, you'd know the story I told a real true story from a few years ago where someone came to me with a 90% win rate system, and they were very excited and it all looked really good. The problem was that they were losing lots of money because their focus was on win rate. They were having, let's say, out of ten trades, they were having nine out of ten trades hit their profit target, hence a 90% win rate system. But the trouble is they were making lots of small little gains. And every 1 in 10 trades had a massive loss that wiped out all their gains, plus lots more. And so that becomes the, the reality of it. You know, you've got to be very careful with win rate. Don't put all your focus into that because you'll end up not doing, you know, what you should be doing, which is looking at things like control, risk, high reward to risk, looking at what the market's doing at the time, looking at the pair you trading, the current conditions, all those type of things that mean that there are so much more to having a successful trading system than simply having a high win rate. High win rate is not necessarily good and in most cases is not good at all. A traders comment about a high win rate strategy. And this issue resurfaced just yesterday when I had someone come to me with something very similar to this. And I just need a high win rate system because that's going to make me feel better and and it's going to make me trade better. And I tried to explain to them, look, the end of the day, you've got to make money out of your trading. That's the important thing isn't it? So why not focus on making money and doing it trading properly, than just being completely glued and fixated on this one thing? Because you find that with the people with 90% win rates, they do these crazy things like having there reward to risk run the wrong way, or have very structured and rigid, profits and stops which generally are not in their favor, as in they may have, let's say that pluck some figured that this guy, you know, a 50 pips stop loss and a 20 profit target. Now, if you know the way I trade, we never talk pips. But unfortunately, the people with the high win rate systems do. And so that's their issue is they keep getting stopped out. And that reward to risk is not good. Or they'll do something like they'll have, a ten pip profit target and 110 pips stop loss. And you know, nine out of ten trades go well. You're one big one loses. And so having their focus around the wrong way is something that they don't realize until they trade live. And they see that this 90% win rate system does not work Focus on the quality trades. For me,
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    6 mins
  • #563: How to Capitalize on Q4 Forex Market Trends

    #563: How to Capitalize on Q4 Forex Market Trends
    Oct 6 2024
    How to Capitalize on Q4 Forex Market Trends  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 #563:How to Capitalize on Q4 Forex Market Trends In this video: 00:30 – Great trading conditions ahead. 01:06 – How has your trading been this year so far? 01:58 – What do you need to change? 03:12 – Book a call to talk with Paul Tillman. 04:07 – A link to our booking calendar. 04:28 – Join my free Masterclass 04:42 – Blueberry Markets as a Forex Broker. 05:58 - Comments, Like & Subscribe. 06:15 – Finish the year strongly How's your trading year been so far in 2024? We've got just three months left of the year that generally good trading months. What are you going to do to make sure you have a great final quarter of this year? Let's get into that a more right now. Hi there, Traders! It's Andrew Mitchem here at The Forex Trading Coach with video and podcast number 563. Great trading conditions ahead. What has happened to this year? It is just absolutely flowing past. I know we say it every year, but this one seems to be even quicker. We're now into the last quarter of the year. We've been through that northern hemisphere summer time with July and August are sometimes a little bit tricky to trade. And now we're into the last quarter. I think we're going to get some very favorable trading conditions because of all the events happening in the world. And generally October, November, December give us very good trading conditions, and that's what we need is traders. We need movement, we need volatility and we need to take advantage of that. How has your trading been this year so far? So my question to you is this how are you trading been so far this year. We've been trading since January. We're now into October. How has that first nine months of the year been? Has it been like pretty ordinary, pretty average for you? Is it been really good? If it's not been great, what are you going to do to make sure that you finish the year with better and improved results? What is it that you're going to do? Have you not met your trading goals? What needs changing? Have a think about that, because honestly, I think that October, November, December, the conditions generally are good. I think with everything happening in the world, we're going to get we're going to see some good market movement. And it doesn't matter where we're on the currencies or the metals indices, cryptos, the commodities, I just see great conditions. So let's take advantage of that together. Make sure that you are doing everything you can to, take advantage of the end of the year in these great conditions. What do you need to change? But it really also, I think, is important that we reflect so far that we're three quarters of the way through the year. What needs changing from your point of view if you're trading has not been quite as good? What do you need help with? What do you need to change do differently? Because let's face it, we continue doing the same old thing. Guess what? The next quarter is going to be the same old thing, and you're going to get to the end of the year and you're going to be disappointed. so I think it's really important that they take advantage of these likely good conditions, but maybe change something in your trading if we can help. Let me know. let us know. Leave a comment. ask questions because we're all about helping traders worldwide. On our course, we have clients in 108 countries. You know, we're a global community about helping people. So I think it's really important that you reach out and ask questions. And even if it's like other topics you'd like me to talk about and discuss on these videos and podcasts, I'm more than happy to do that because we want successful forex traders. But also if you're out there and you go, look,
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    7 mins
  • #562: How Live Sessions Can Transform Your Trading

    #562: How Live Sessions Can Transform Your Trading
    Sep 29 2024
    How Live Sessions Can Transform Your Trading  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 #562: How Live Sessions Can Transform Your Trading In this video: 00:27 – You need someone to show you how to trade. 01:23 – We trade and post in real time. 01:52 – Live webinar trades make +2.1% gain. 04:10 – This is invaluable information. 05:37 – My 17 minutes Masterclass and Book a Call. 05:56 – Blueberry Markets as a Forex Broker. 06:13 – Comments, Like & Subscribe. I'm going to explain this week why live trading room webinars work and how they can massively help you with your trading success. So let's talk about that a more right in that. Hi there, Traders! Andrew Mitchem here at the Forex Trading Coach with video and podcast number 562. You need someone to show you how to trade. Now different ways of learning how to do anything. whether it's trading or for me doing karate or learning to fly a helicopter or a guitar, whatever it is, you need someone to help you and to show you and to be able to refine things and trading's exactly the same. You see, you can go online and you can look on YouTube in different places and you can have video course just like our one, and you can go through and read things and see some videos, and that's all well and fine. But the trouble is in trading is to make any money in trading, you have to have the ability to do this in real time. You know, it's all well and good looking through some books and seeing some waves and retracements. And we did this at this point and look at this massive trend and you know, and there's so many videos and I see with millions and millions of hits on YouTube, but all they're doing is showing you with hindsight what happened. We trade and post in real time. And the reason that we do so well, as do our clients, is we do everything in real time. We're not about hindsight. We post our trades every day for people to follow in real time. We put our trades on our forum site on the shorter time frame charts in real time, and every week we hold a live two hour trading room webinar one weeks in the European session with myself. The following week is in the US session with Paul Tillman, who lives in the US. Live webinar trades make +2.1% gain. And yesterday I held a live European session, webinars, a two hour session where all our clients can jump on to, they all get recorded as well. So if you cannot attend live, you can go and watch the recording. And by the way, we have all the recordings dating back to 2010 on our website. So vast amount of very valuable information now on the webinars. The beauty of them is they are live. There's no like cherry picking the hand, picking the best trades. you know, we're talking about trades, we're discussing trade set ups, etc. live in real time. And obviously no one knows the result of what we are saying, we are taking. Now on yesterday's session at the end of the webinar, which ended at 5 a.m. Eastern Standard Time, which is in the European session, we took some trades and I posted and took three trades in front of our clients. We had a EUR/GBP 6 hour chart trade sell. Which had a beautiful retracement and hit the profit target, both positions hitting the profit target. We had a Netherlands 25, the index 2 hour charts trade one position got filled and it was stopped out. And we had a, two hour trade on the gold against the Australian dollar. Both positions got filled and hit their profit targets. Now the EUR/GBP made a 2.7 to 1 reward to risk a 1.35% gain. the Netherlands 25 lost a quarter of 1% because it was stopped out and the XAU/AUD had a 2 to 1 reward to risk or 1% gain. That gave us with only a half percent (0.5%) risk per trade total split over two positions. That gave us a net gain of 2.1% on our account. So 2.
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    7 mins
  • #561: Why Every Trader Should Consider Using Limit Orders

    #561: Why Every Trader Should Consider Using Limit Orders
    Sep 22 2024
    Why Every Trader Should Consider Using Limit Orders  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 #561: Why Every Trader Should Consider Using Limit Orders In this video: 00:24 – How to best enter a new trade. 01:11 – I mostly use Limit Orders. 02:17 – The benefit of using Limit Orders. 03:53 – Other things which add to a trade setup. 05:00 – My 17 minutes Masterclass and Book a Call. 05:30 – Blueberry Markets as a Forex Broker. 06:01 – Comments, Like & Subscribe. What's the best way to enter a new trade to make sure that you get the best possible outcome? Let's discuss that really important topic and more. Right now. Hi there, Traders! Andrew Mitchem here, the owner of the Forex Trading Coach with video and podcast number 561. How to best enter a new trade. Today I want to talk about how you can enter a new trade and how you can get the most out of your trade by doing a few clever things. So there are a couple of options that we have, or three really. you can enter what's called a market order, which means you jump into the trade straight away, and it's what most people do. or you can use a stop order. And for a stop order, it means on a buy trade, you're buying above the current price. And for a sell trade, it means you're selling below the current price. Or you can use a limit order or a retracement order. And a limit order means on a buy limit. It means that you're buying below the current price. And on a sell trade, it means you're selling above the current price. I mostly use Limit Orders. Now, I'm a big fan of limit orders, and this how I place the vast majority of my trades. And the reason I do that is because I know that the market is not a straight line. You have a look at most charts and most markets and most timeframes, and you'll never see, a perfect straight line. You will never see a candle close and the next one just open and go in the perfect direction. Most times you will find there will be some form of upper or low wick on a candle, and there will be some form of, movement. Let's say the market's moving upwards. and a candle opens most times within that candle's, formation. Let's say it's either H4 chart or our daily chart or whatever it is. Most of the time it will go up, it will come back, it will go up again, maybe come back again, and then finally go up. so you get retracements all of the time in pretty much every market and every time frame. The benefit of using Limit Orders. And so by using limit orders, what it does is it means we get in at a better price. It means that we, on a buy trade, we see the market at a certain level. That means we have buying if it pulls back to a lower price first, and if the market then heads turns around and heads in our anticipated direction, by the time it gets to where the candle opened, you're already in good, positive territory. And by the time it gets to a profit target, you've made really good money. Now, what that does is it drastically improves the reward to risk that you get out of your trades. So go and have a look at any chart and you have a look at let's say you imagined, you took a trade at the market as soon as the next candle opens. And then you have a look at how much you're going to make in terms of your stop loss, your profit target, and the reward to risk from that trade. And then do the same thing again with that same setup. Go, okay. But if it's moving up and it's buying, what happens if I bought below the current price and I'm first, looking for the market to pull back now of course, for the limit order, you're not sat there waiting for all this to happen. You're just simply saying I'm putting a buy limiting at this price. And if the price pulls back, it gets you filled and then hopefully moves up in your anticipated direction.
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    6 mins