#460: A Week of Rises and Crashes

Online Forex Trading Course

A Week of Rises and Crashes Podcast: Find out more about Blueberry Markets – Click Here Find out more about my Online Video Forex Course #460: A Week of Rises and Crashes In this video: 00:25 – Outside in the middle of winter 00:40 – Massive moves in the markets this week 01:30 – Crypto’s are crashing 01:55 – What does this mean for us? 03:15 – Client makes +105% since April (in just 10 weeks) 03:54 – Blueberry Markets offer loss refunds 04:54 – Movements provide us with great trading opportunites 05:33 – Feel free to contact me directly It's been a week of rises and crashes. Great opportunities for us in the Forex market and in the crypto market. Let's talk about that and more right now. Hey, traders. Andrew Mitchem here at the Forex Trading Coach with video and podcast number 460. Outside in the middle of winter Wanted to get outside. Beautiful, crisp winter morning here. Not sure if you can see the snow behind me, but we've got a good dusting of snow on the mountains behind. And it's just a beautiful time to be outside. I'm hoping to go for a flight at the weekend and go and check out that new snow. Massive moves in the markets this week But back to the charts. Well, what a week it's been. Just massive rises, massive crashes, depending on what markets you're looking at. With the interest rates around the world, last week, the Australians put theirs up by 0.5% or 50 basis points, expected to be 0.25. This week we've had the US, expected to go up by 0.5, went up 0.75, but the US then crashed, which is not what you'd expect, which is why we look at charts and not the news. The frank, when we were holding our live webinar last night, they put theirs up, expected zero change. It went up 50 basis points and the frank went massive, went through the roof. And then the British put theirs up by 0.25% as expected. Crypto’s are crashing Right now, Bitcoin, if you go back six weeks ago, back into the end of April, Bitcoin was about 40,000 US dollars. Today it's approaching 20,000. It's almost down to 20,000 as I'm recording this. Ethereum, a month ago, 2,200, today, 1,100. It's halved. It's crashed. It's dropped by 50% in a month. Just unbelievable. What does this mean for us? What does it mean for us though? As traders, it means opportunity. There are opportunities everywhere with movements in the markets. And the thing is, it doesn't matter whether I'm expecting the US to go up because they put their interest rates up and it went down, because on the charts, we were looking to sell the US anyway. And that's exactly what happened. It doesn't matter that Bitcoin and Ethereum are crashing, because we can sell them. When we see opportunities to sell, we can do that. In fact, about half an hour before I've started recording this, we've just taken a 12 hour sell on Ethereum because it's pulled back a little bit yesterday and now it looks like it's dropping again. Great opportunity to drive it down again and get out before the last swing low. So opportunities everywhere. Forget the news. Just trade what the charts are showing you. And there are so many great opportunities because of course, we can go long and short. We can buy and sell. It's not like we bought Bitcoin at 60,000 and spent $60,000 on a Bitcoin and now it's worth 20,000 and we're all going, oh my gosh, we've just lost 40,000. Not like that at all. It's complete opposite. We're just buying and selling it depending on what we see at the time on the charts. I'll give you an idea. Client makes +105% since April (in just 10 weeks) A client of mine who has used our breakout strategy, which is a strategy that we use just once a week, he's adapted it onto different currency pairs. And he's sent me his myfxbook link. He's up 105% since April. And we are now the 16th, 17th of June. So, in what's that? 10 weeks, he's up 105% on his account. He's had a 12% draw down. That's all he had, and 105% gain.