So, you’re waiting for the best trading setups.
For example...
Price is in an uptrend, moving averages are sloping higher, comes into area of support, RSI is oversold, MACD ticks up, and a bullish hammer is formed.
BAM. Finally, you take the trade.
But here's the thing:
If you only take the best trading setups, you’ll be leaving money on the table.
I’ll explain why and share with you what you should do instead — to increase your trading profitability.
I hope you’ve enjoyed this week’s video post. As always, comments are welcomed and encouraged. Cheers!
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
For example...
Price is in an uptrend, moving averages are sloping higher, comes into area of support, RSI is oversold, MACD ticks up, and a bullish hammer is formed.
BAM. Finally, you take the trade.
But here's the thing:
If you only take the best trading setups, you’ll be leaving money on the table.
I’ll explain why and share with you what you should do instead — to increase your trading profitability.
I hope you’ve enjoyed this week’s video post. As always, comments are welcomed and encouraged. Cheers!
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
You dnt know what you saying Rayner
Don’t agree
It depends on the time frame
When perfection becomes unbeneficially lethal. Always have a balance and walk the tightrope in your life between "too good" and "too bad". Either end of the spectrum is a danger zone for the monsters to hunt you down.
Risk 7% on best trading setup… and increase your target to 5:1… also, don't take any trades with less than 50% win rate unless you have the mind of a psychopath and losing streaks of 10-in-row don't affect you.
Thanks for the video Rayner. Liked them. I am looking for a trend following system based on weekly charts, since I cant check charts often.
This is a very good point to consider. But I wonder how you arrive at 200 vs 5 opportunities. I mean, is it likely that a trading setup that's wins half as frequently as another and returns 2/3 of the profit (per trade), to appear 40 times as often? I would say that is the missing variable one needs to consider.
There's another thing to consider. I'm currently testing a setup that has about 80% wins and a fixed tight stop loss. This would allow me to use a much higher position size and risk more than the typical 1% because draw downs are rare and almost never occur twice in a row.
Really appreciate your videos and they are very helpful. From Maria