For free trading education, go to https://www.tradingwithrayner.com
Welcome to my Youtube page...
Here you can find my best trading tips and videos organized in one place.
If you want learn my trading strategies and techniques, go to https://www.tradingwithrayner.com
Talk soon,
Rayner Teo
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
Welcome to my Youtube page...
Here you can find my best trading tips and videos organized in one place.
If you want learn my trading strategies and techniques, go to https://www.tradingwithrayner.com
Talk soon,
Rayner Teo
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
Hey hey hey, Whatsup my friends… nice greeting mentor Rayner
Hi Rayner,
Is it possible to make a living by trend following by trading only one currency pair?
Best Regards,
Abhinav
Dear Rayner,
Long time no see! =).
As for your question – where to put the stop loss if the price makes new historical high. Of course, for some people or trend traders that idea is not appropriate, but just some statistics. I took some time to check commodities, forex and stocks market and so one interesting thing: if there is new historical high, usually, the price brakes resistance, makes 200 pips and, ~75-80% times makes retest of new support level. So, the idea is just simple (but for stocks can be hard because of usual gaps) – to short the market when it makes 200 pips when resistance is broken, put take profit ~200 pips and put SL at 100 pips.
Take care and still waiting for you in Ukraine!
What's up my friend, Rayner? Dan here from Phils.