<h1>Stop Watching Charts All Day (This Is Why You’re Losing)</h1>
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<h3>Podcast:</h3>
 
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<h3>#625: Stop Watching Charts All Day (This Is Why You’re Losing)
</h3>
In this video:
00:35 – These things will destroy you as a trader. 
01:51 – Mistakes that most traders make during the journey. 
02:55 – The perfect chart to trade. 
03:46 – Look at 5pm EST for multiple chart opportunities.
05:15 – Don’t burn out.
05:58 – View my Masterclass.
06:30 – Blueberry Markets as a Forex Broker.
07:21 – Contact me for help.
If you&#8217;re watching the charts all day. Taking multiple trade today and you&#8217;re not consistent, then this video is for you. You see, it&#8217;s not always the strategy. It&#8217;s not your indicators. It&#8217;s not your broker&#8217;s fault. It&#8217;s a screen addiction. So if that&#8217;s you, listen up. I&#8217;ve got some really good information to share with you.
Hey there traders! This is Andrew Mitchem here at the Forex Trading Coach with video and podcast number 625.
These things will destroy you as a trader.
And in today&#8217;s video I&#8217;m going to talk about why trading the shorter time frame charts and screen addiction and over trading will destroy you as a trader. It&#8217;s going to destroy you in many ways. It&#8217;s going to destroy your confidence. It&#8217;s going to destroy your time with your family or whatever else you do with your day.
And it&#8217;s a common problem. You see, the issue is that most people think that they need to be trading all the time, and therefore they get onto the shorter timeframe charts, generally one hour or below. Most people that they&#8217;re trading say, 15 minute charts, five minute charts or even one minute charts and it&#8217;s completely crazy. And it comes about from that, lack of understanding, that lack of mindset of, of well, the people think that they have to trade more to make more money.
And it&#8217;s just is not true. All you&#8217;re going to do is completely put yourself off trading, tie yourself out emotionally, physically, and you&#8217;re just going to end up paying lots of money to your broker because you&#8217;re paying lots of entry fees to take trades. You&#8217;ll end up doing silly things like revenge trading and, you know, scaling up stupid position lot sizes, etc. and, and just making complete silly mistakes and losses.
Mistakes that most traders make during the journey.
The good thing is, though, is that we&#8217;ve all been there, we&#8217;ve all done it. We&#8217;ve all made those mistakes. And I&#8217;ve been trading for over 20 years, and I can tell you I&#8217;ve made every mistake there is out there. The good thing is the solution is fairly straightforward. And it&#8217;s generally to get on to the longer timeframe charts.
And I would say that something like generally a 4 hour chart or higher, the daily charts, if you&#8217;ve been following me for any length of time, have always been my preferred timeframe chart, because it means you just need to look once a day. It doesn&#8217;t matter where you live in the world, you can look at your charts.
One today. Very easy to do. It still gives you plenty of trading opportunities. You know, the downside with, say, like the weekly charts or the monthly charts, although they can be very, very good, is that, you know, you only potentially might have an opportunity to trade, say, once a week, obviously once a month. And sometimes there may be nothing on those timeframe charts. And so it becomes a long and wait in between trades.
The perfect chart to trade.
To me, the daily timeframe just offers the perfect mix of everything. It means I can look through so many different charts. I can be very specific. If they say as an example, strength in the British pound, I can then go through and find the best set ups, that are buying the pound against maybe some of the weaker currencies.
And, you know, you can look through the charts once a day and make those very, you know, refined, trading opportunities sort of out there you&#8217;re not rushing to do things, especially the way that we trade as well when we&#8217;re using limit orders as well. And so I just find that that is such a great opportunity to look through forex pairs, non forex pairs as well.
Because you know, we look through metals and commodities and cryptos indices etc. like that as well as just the daily charts.
Look at 5pm EST for multiple chart opportunities.
And the beauty is, is that if you are looking at your charts on the daily timeframe, you can, go through that exact same timeframe and scale down as well and give yourself opportunities on charts such as like 12 hour charts, 8 hour, 6 hour, etc. and they all change over at the exact same time, which is New York, 5:00 pm.
Now you will notice that the spreads at that time of the day can be quite large, and so don&#8217;t take trades until at least 6:00 pm. Don&#8217;t place the trades until at least 6 p.m. New York time.
Now, if you&#8217;re in, let&#8217;s say, Europe, that could be quite late at night for you. That&#8217;s fine. Place the trades in your morning.
You don&#8217;t have to be up at like, midnight to place those trades. Wait till the morning and you&#8217;ll find that most times, especially the way that we trade with limit orders, if you&#8217;re, say, taking buy limit orders, first of all, you&#8217;re looking for the market to first fall anyway before it fills your buy limit order. Now for you in let&#8217;s say Europe, when that&#8217;s early hours of your morning, you know, sort of breakfast time.
Let&#8217;s say you can place your trades in and very rare occasion, you&#8217;re going to find that the trades taken off without first retracing. So almost no time are you going to miss out on those trades if you take them multiple hours later? Likewise, if you leave this side the world, Australia, New Zealand, you say, well, Andrew, I&#8217;m at work all day.
I can&#8217;t take my trades to 5:06 p.m. at night. That&#8217;s absolutely fine. It&#8217;s the same time, you know, it&#8217;s European morning. Look at taking your trades there.
Don’t burn out.
So that would be my suggestion. Enjoy your trading. You know, this is why, after 20 years, I&#8217;m still loving doing what I&#8217;m doing. It&#8217;s because one, it works, but two, I&#8217;m not burned out by just chart watching and trigger happy on the, you know, on the on the mouse and the keyboard all the time.
You place your trades, you know your risk. You know the very worst that you can do per trade because you have control and low risk. You know your profit target, let the market do its thing and enjoy your trading, and you will become far more happier when you&#8217;re trading far more profitable, far better as a person because you&#8217;re not grumpy, because you had to glue to the charts or the trades are going against you.
You&#8217;re not stressed, you&#8217;re relaxed, you&#8217;re enjoying your trading, you&#8217;re thinking sensibly, and the results will be far, far better.
View my Masterclass.
So if you&#8217;d like to find out how we do that, I&#8217;ll put a link here to our masterclass where you can jump on and, and see what we do.
By the way, in, early March, we&#8217;re looking at taking on just a small number of extra clients. We got a lot of people joining us in March, but there are just a few spaces available. I&#8217;ll put a link, to joining us as well. There&#8217;s just a handful of spaces right now as I&#8217;m recording this available for the early March intake. So don&#8217;t miss out if you&#8217;d like to take your trading to that next level and become a good, profitable trader.
Blueberry Markets as a Forex Broker.
If you are out there looking for a broker, I can highly recommend Blueberry Markets. Their MT5 platform especially just has so many markets on there. As mentioned, forex and non-forex markets and really good tight spreads as well. So I&#8217;ll put a link to Blueberry Markets there. If you&#8217;re out there looking for a good broker, there&#8217;s obviously so many choices of brokers and it can become a bit of a minefield. I&#8217;ve dealt with Blueberry for many, many years. Their staff are just incredible. Fund withdrawals at a super fast and spreads and available markets are huge. So spreads are not huge. Spreads are tight, available markets are huge. I just want to get that bit right. Just so I didn&#8217;t make any. Yeah. Errors there. Their spreads are really, really good. Lots of markets available. So, have a look at Blueberry Markets as well.
Contact me for help.
Any questions you have any topics you&#8217;d like me to discuss? Forex related to help you out? Just drop me an email. Andrew@TheForexTradingCoach.com
I reply to all emails personally as well. I&#8217;ll see you this time next week. Bye for now.
<h2>Episode Title: #625:Stop Watching Charts All Day (This Is Why You’re Losing)
</h2>
<h4 style="text-align: center;"><a style="color: #008000; text-decoration: underline;" href="https://www.blueberrymarkets.net/lp/tftc-forex-broker" target="_blank" rel="noopener">Find out more about Blueberry Markets – Click Here</a></h4>
<h4 style="text-align: center;"><a style="color: #008000; text-decoration: underline;" href="https://theforextradingcoach.com/online_video_coaching_forex_course.html" target="_blank" rel="noopener">Find out more about my Online Video Forex Course</a></h4>
<h4 style="text-align: center;"><a style="color: #008000; text-decoration: underline;" href="https://theforextradingcoach.com/call-application" target="_blank" rel="noopener">Book a Call with Andrew or one of his team now</a></h4>
<h4 style="text-align: center;"><a style="color: #008000; text-decoration: underline;" href="https://theforextradingcoach.com/forex-training-masterclass/" target="_blank" rel="noopener">Click Here to Attend my Free Masterclass</a></h4>

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