Here’s the thing:
What you’ve been taught about Price Action Trading is WRONG.
And that’s why most traders fail with Price Action Trading.
For example:
1. You draw your Support and Resistance levels.
2. Next, you wait for the market to come to Support.
3. Then, you wait for a bullish reversal candlestick pattern.
4. Finally, you go long and set your stop loss below Support.
And BOOM!
You get stopped out.
Do you want to know why?
Then go watch this video because I’ll explain the 3 biggest mistakes traders make with Price Action Trading — and how you can AVOID it.
Go check it out now.
If you want more actionable trading tips and strategies, go to https://www.tradingwithrayner.com
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: http://bit.ly/2EFg5VN
What you’ve been taught about Price Action Trading is WRONG.
And that’s why most traders fail with Price Action Trading.
For example:
1. You draw your Support and Resistance levels.
2. Next, you wait for the market to come to Support.
3. Then, you wait for a bullish reversal candlestick pattern.
4. Finally, you go long and set your stop loss below Support.
And BOOM!
You get stopped out.
Do you want to know why?
Then go watch this video because I’ll explain the 3 biggest mistakes traders make with Price Action Trading — and how you can AVOID it.
Go check it out now.
If you want more actionable trading tips and strategies, go to https://www.tradingwithrayner.com
Thanks for watching!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: http://bit.ly/2EFg5VN
One of the reasons retail traders stop losses get taken out…. is because the Market Makers and their computer algorithms can see ALL BIDS on the L3. And they know if they take out retail stop losses, most retail will chase after the Market Makers quickly bounce the stock up after taking out retail stop losses. The game is rigged, so you have to think smarter.
Very good learnings as always thanks Brother🙏 ❤
Awesome. Thanks 🙏🏻👍🏻👍🏻
the best trading dedicated channel. Thx Rayner for all the knowledge. Stay well.
One of the best joke in trading is FEBONNACI retracement
Wouldn’t it be smarter to buy at the 20 moving average. Instead of riding the market back in reverse
Lol lol lol lol
Great analysis. I don't use stop losses. If my position doesn't immediately make money I close it for a small loss. If the opportunity re-emerges I can reopen it and still take advantage. Hoping the market reverses trend or does what you expect is kind of pointless. Best to close the position, move on to the next opportunity, and adapt to the emerging pattern or continuing trend.
The time you spend in a bad position is more valuable than the money you loose. That time could be spent in a more profitable position. You can always make more money but you cannot make more time.
hey hey wasssuup my frind/ the way u start is funny af
Rayner you are Amazing.Respect you.
The solution is Breakout – pullback – entry.. Thats the correct way
I’m really not understanding the stop loss! When you say “place it on this candle”! Are you talking about trailing Stop loss?
When is an inside bar a continuation pattern and when is it a reversal and can inside bars be the same color? Thanks. Love your work!
Thanks Rayner. I'm new to forex, and I've learnt a whole lot from you. Currently I'm just breaking even, as I'm barely 2 months into trading. I do hope to become profitable following you. I just wanted to leave a word for you, never stop doing what you are doing. Ignore the naysayers. You are helping many of us newbies to shorten our journey to profitability. Thank you for all you do. Much love from Nigeria
What a bs.
I found that bearish trends don't often retest only bullish rally generally retest.
This make sense, I've been getting 1:1.3 to 1:1.7 R/R ratio and profiting from them instead. I haven't been able to find 1:3 and above maybe once in a blue moon. I thought there was something wrong with my strategy and you just gave me confidence bruh❤️😢
superb video..!! rayner.. can you show how to prepare trading plan with sample. ??
Very enlightening. Thank you very much.
My niece says: "oh yeah, True"
Great vids u r very cool Ty for your content
What are the expectancy ratios of the two strategies shown and what then is your adjusted position size? I would expect to put more money into the setups that are shown to win more often. Your higher risk setups should have a small position size.
The psychological effort of trading a low win, low reward strategy shouldn't be underemphasized.
It's a lot easier to trade a strategy that wins more often, even if it wins less money.
Lol this happened to me twice last week. Got stopped out just about and then bum rally higher. Will add these tips to trading plan defo.