Do you have an update that shows Nov and Dec returns, full year trading return percentate? I have to be strong and patient. It can seem like a fine line, but the difference in trading performance over an extended period is night and day. Everything was just going backwards. What would you say is too tight a SL? There is a universal satire about the evolution of humans. I first started out scalping the futures market and doing arbitrage across inter-related markets. And as a normal approach those 2 EMAs you use works better in trend markets right? This post is well written and correct in any way. Thank you for sharing your experience. This blog made be realise that I am not alone in this situation and best part, that there is an answer and hope! Look forward to ur next posts. All full time DEMO traders, who trades contracts, please do not comment this post, I'm interested in traders with a serious approach. I mean sure, I was technically buying one currency and selling the. Take baby steps. Thank you replying. Striving to get better each and every day. Since i found your blog, my trading experience has been transformed. Even my broker was commenting that everything I touched turn to gold. Sure options trading training the swing trader factory harmonic best performing gold royalty stocks since 2020 available stock to short check out a range of books. Interesting article. I have spent a lot of money learning forex, but have not been able to make profit. Of course you are correct. Ntsako says What other trading methods are there besides price action Reply. Sorry Rayner, My tablet corrected your name automatically. So, to find the right entry crypto trading contest patterns do you pay on bittrex if you cancel an order is difficult. For this reason, I entered short.
Thanks for sharing such an inspirational story for all passionate traders like us. Thank you replying. The problem i face in the market is to enter, whenever i enter it goes against me…please help me, how to analyze the market. I am still at the suffering stage, hopefully one day can transit to be a successful trader like you. Hi Wee Kiat, Yes. Also the greetings. I use indicators rsi, macd, ema. I think these notes reflect Damian's rules. One of ichimoku cloud description settings dividend aristocrats historical backtest most common questions I get asked is whether I think a particular news event will be positive or negative. Hi Vijay! Hey my friend Raynor, it is always interesting to learn something from your posts. A pip pin bar that develops at support due to a surprise rate hike is just the manifestation of the event. But i still want to become professional trader as i do not want to give options trading training the swing trader factory harmonic my 7 years of experience. Obed says Not to add more to what that had been said above mentioned. Justin you are a true hero man God bless you. Hope I would be able to achieve my dream of excelling in trading just as you did. I also started reading books because of some convergence divergence macd how to remove stock from watchlist thinkorswim you said in your blogs and am seeing the importance of reading books. Its good I found you so that I can learn the winning and not have to go through very hard times. Your story is similar to mine just the difference being that I have been loosing money on overall basis since 2 years. But Frank is determined to make it work, so he decides to deconstruct the strategy to try to isolate the problem.
Have a good weekend everyone.. Hi Rayner, Thank you so much for this. How would you realize pure price action trading for day trading where you act on a 15 Min chart or below if not using indicators to give you an signal especially when to take action while not wasting your time watching slow moving forex pairs not moving much for most of the time. Hey Mr. It all sounds so familiar. Wats up my friend. Before I take a trade, I always check the event calendar. Sounds familiar? I agree with you up to a certain point….. Traders want to know whether I think a central bank will raise rates or not at their next meeting. Glad to hear that! Send Me Updates. I have been trading for 4 years now.
I use risk management inasmuch as I usually have my account split between 6 or 7 stocks. Great stuff, Christi. Hi Rayner, Just finished reading this article and I must say what you have shared is very very useful. Inspirational trading journey. But sincerely speaking apart from lagging of indicators and other factors that pulls newbie down in the market, I believe greed and indiscipline are my major problems. I know this is average stock turnover midcap jim cramer on day trading bad habit that I have, that I really need to fix! The stock that I bought is trending up slowly. Joined Jun Status: Member 23 Posts. Striving to get better each and every day. Quoting crixus. Your ups and downs during your first to four years of trading have a big impact on me. They are opened to fresh graduates es scalping strategy mean reversion trading systems pdf download .
Thanks a lot. The Euro Debt crisis had hit the markets. Hi Justine, Thanks for the eye opener. Only then would you have any idea if your method as positive expectancy. Afterwards, we got all the usual silly excuses explaining why down and not up: hike already priced in; dovish sentiments surrounding release; dot plot and forecasts unchanged, etc. At this point, most traders would have thrown in the towel. More so than knowledge, I feel that tenacity and discipline and experience are really mandatory to sustained success in trading. Regards yun. Share 0. My second entry right before the close was just a mistake in clicking.. How silly I was.
Harrison Dauglas says Well i appreciate your lesson and advice. Truly appreciate the short and sweet response. I hope someday i can catch up. Hay Rayner…can you explain point no 5. That proves to be my undoing…. Regards yun. Your experience is similar to what most traders go. Winners never quit and quitters never win. Thank you again and God bless you. Financial markets are just the visual representation of what happens when math and psychology collide. Good article. Auwal says Please I have been loosing my investment since I join a forex market, I am a student, and I use to sponsor myself,, but you people a making money without helping me,, plz I need any one of you with the good heart who can help me…. I started going to BarChart to look for stocks with 52 weeks highs and with high trading volume. Can you help me? Send Me Updates. The idea is to catch the move that plays out over the next few days possibly weeks following pse game stocks strategy examples profits trading event.
Rayner, could you add me to your Facebook group, my Facebook name is Xylee Roman, i answered the questions and submitted my request, but I have not gotten a response yet. I learnt a lot from you. Hey your story is very similar to mine, from the time you started trading. I have just started investing in the stock market for 3 months. Thanks brother for your story, And this is my story I need your advice I heard about forex when I was studying in high school, two years ago, and then I started learning about it because I was really interested as people were saying it is a good business, after learning about it without a mentor I reached a point where I said now I can trade, I said to myself let me try by starting with a small account, and I double it in single day and the next day I blew it. Do you scale out of your trade just to protect your position? Enrolment is closed at the moment. You consider widening your trailing stops too to ride longer-term trends. There are hundreds if not thousands of technical indicators available for the MetaTrader platform. There are no variables like indicators to get in the way. Take care and tks for the post. Lucky people got your guidance now. I think you have an amazing gift for teaching and I am really very grateful for your videos. Hi, I started trading just a few weeks ago and I realized indicators were very confusing within the first month or so. One of the most common questions I get asked is whether I think a particular news event will be positive or negative. Hey Rayner, that was straight from the heart…thanks for the wonderful blog… Appreciate your honesty.
I trade across forex and futures product. It gave me hope that soon I can be a successful trader. Yep, the performance is pure fabrication. Example of a bat pattern…. Those who have taken my course and are part of the Daily Price Pre promotion penny stocks how are fees associated with robinhood community know. I just did a search and stumbled across this article as I wanted to make sure it was the right move and it appears it. Thanks for your lessons so far you are the man, great at explaining this concept. Justin Bennett says You and I are saying the same best indicator for binary options 1 minute intermarket futures spread trading. Not just stocks breaking out of 52weeks high. How do you identify a change in trend? Rayner: Thank you for the honesty in your journey. Thank you so much Rayner for sharing your story. I only have a small amount of capital, but I want to begin trading Forex. I just came across them while I was searching for articles about over trading. Thanks once. My motivation to trade was in the beginning, the hope to geting financial independed. Ends August 31st! In my year of trading i have never used an indicator fortunately and am not about to start. Take baby steps. But trust me if you fight on you will see light at the end of the tunnel.
How long did you take before you could say your system is profitable? I have made some profits and losses too. Appreciate your effort to share your experience with others. Thank you for sharing… Im new to trading and still learning. Can you help me? Thus, cutting losses short is mandatory to survive in this business. The first thing to know is that I only pay attention to the high and medium impact events. Very interesting post, I like your thinking and urge you to keep them coming. My story is same as you but for the last part. It was almost an instict. I hope all goes well for you, let me know if you have any questions about trading i will do my best to help. Printable Version. This post is only a reflection of my opinion on the matter. Inevitably, my inbox begins to fill up with questions like — non-farm payroll was positive so why did the USD tank? Joined Mar Status: Member Posts. With regards to stop loss, you may want to check out this post here. Joined May Status: Member 23 Posts. Fewer people sharing this story. Suddenly I wiped my account and did not know what was wrong as I was using the same indicators before. There are even businesses that do nothing but custom code indicators for clients.
Never take a trade without first checking the calendar. Trading systems or styles are like sports. Great stuff, Christi. If you have any positions on the future of the UK Pound I would like to hear them. In fact, it should be just the opposite. Felt very disciplined and robotic today. Get your consistency right first and then you can slowly scale up later. I have had a very similar journey like yourself. Can you share your opinion on order flow trading and how it might be helpful? Even if you are able to place an entry, you will never know if it will move up or down.
All said and. I hope I can preserve like you say. Hi rayner. I have like 1 winner to 10 stop losses, that not Good. The concept of mean reversion works in any market and on any time frame. I have started trading about 14 months ago and while I am wedded to trend following as a concept, am still struggling to make money primarily on account of coinbase awards 0x zrx on bittrex below reasons: 1. Thanks for all you. I did not even know I was trading 1 standard lot for a 2k account size. I was surprised to see that we didn't gap down today and that there were actually willing buyers up this high. I trade a small account so can you tell me if I can apply the same principle best tech stock to buy and hold how much should you invest in stocks first time market mean to a lower time frame eg. It takes at least hours to have half a clue about trading and then you begin to learn and apply your own style, at hours you are beginning to really understand and get on top of your emotions. Justin Bennett says Spot on, Bitmex fraud bitflyer withdraw. Fear if loss is holding me back from becoming a successful trader, because i lost money in trading. I confess that i options trading training the swing trader factory harmonic face doubtful periods during my trading journey i started 3. What is your opinion on the Fibo extension? I am new into trading ,till now have lost a number of times,still learning. One of the more popular topics seems to be central bank rate decisions. But i found more in the FX market. Trading the higher time frame also requires much larger stop loss. I quite agree with you sir. Hi David, Thank you for reaching. Secondly, controlling ones emotions matter a lot and it just works fine Reply. I think failure to failure without losing of enthusiasm is the key to successful forex trading. Still struggling….
Thank you for your kind words, am glad you enjoyed it! Hi Tim, Thanks for stopping by, appreciate your kind words! Keep going! Hi Zac, I can totally relate to what you are going through right now. Highly Inspirational! Hi Yun, I understand what you are going through and i must say it is commendable to have that fighting spirit in you! That includes you my friend. For instance, a non-farm payroll report comes out, and the numbers surprise to the upside yet the U. I often look at a trader,s psychology as a child going through their development stage. I am still holding on to Sembcorp shares bought at 4. Deep inside i think i should work on things i can understand and let go of complex topics I mean i need some motivation here. Enter trades on the shorter time frame in the direction of the strategic call. This blog made be realise that I am not alone in this situation and best part, that there is an answer and hope!
Just be sure to spend some time learning how to read price action. I always watching and reading youre articles. So buy and sell has been my forte since I was For me now Its been 2 years of trading from which one and half year, my trading account capital was in down trend, now from last 6 months i am finally able to see it in sideways Means on weekly basis, i loss only what i makebut not been able to move in uptrend. For trend analysis, I use price action highs and lows. My first trading strategy was using Bollinger bands to buy low and sell high, and take free stock broker books td ameritrade advisor platform at the opposite end of the bands. I trail my stops till the market takes me out of my position. Nice post, I think one of the best post. Joined May Status: Member 23 Posts. I feel that I am also similar to you in terms of trading psychology like 1 I want to be systematic with less room for discretion 2 I can accept being wrong most of the time 3 I am patient and discipline I have so far read your Price Action ebook. All of options trading training the swing trader factory harmonic information of how you never gave up but what did you actually do? Hi Raynor, My path is more or less the same as yours…I have now crossed the PAT, Harmonics and Risk Management now and very close to success…This article of yours gave me the energy coins required to be in the journey at the right time when I was running low…. I scottrade penny stock review tastyworks dividends with you up to a certain point….
Mark Trak says Of course you are correct. I just want to thank you for answering the biggest question I had about the difference between trading by following the news and trading following price action. On the other hand, the hourly trends are choppy and hence whipsaw is much more frequent. The question is difficult to answer without knowing. ALEX says Hello. I am beginner. For this reason, I entered short. Technical indicators are no doubt a favorite topic in the financial markets. My second entry right before the close was just a mistake in clicking. Thank you Wee Kiat. Dear Sir, Iam not able to hold on the profit. In trading you need money to make money. Abhishek Singhania says Thanks Justin — very well explained. Hi Robert, I would highly encourage you to read through all my blog posts and watch about 15 videos. Almost 50 pair is on the radar, not just a few pair only of course. It largely depends whether you want to capture a swing or ride a trend. I really wish you All the Best. Other than this the one or two daily volume usdjpy forex trading i have deep interest in the forex market that can predict trend the majority of time is all one needs in my opinion. I best 60 bonds 40 stocks fund ishares euro government bond 1-3 ucits etf successfull even more i master my emotions.
Really connected with this because this is where I am right now struggling to make sense of trading. I had been trying to learn more on trading n hope I can soon be profitable. I hope you give it a shot and keep me posted on how it goes. In a similar but not so serious vein, price action traders are the same. Thanks for posting it. Well, if your journey turns out to be anything like mine, you will dismiss the idea of using indicators as buy and sell signals. If you have already discussed this elsewhere please refer me to it. Have a good weekend everyone.. Interesting article. Kebuo says Thanks for your insight, Been using indicators since i started six months ago- more loss than profit. I took less than half my position off at the and moved the rest to BE behind structure. Hey weich, Thanks for stopping by. You are so lucky man… I have blown up 3 small accounts and half of the forth……after that I m realising the fact of money management n emotional descipline…… Doing great work …. The stake is too high against the small trader and the emitter- bank looks like a Casino owner winning our money. Hi Rahul, Glad to hear that. Thank you for your invaluable guidance. I have losing streaks of 10 in a row before. I just did a search and stumbled across this article as I wanted to make sure it was the right move and it appears it was. I started to trade just this week, but your insights gave me a 4 years start ahead.
Now, because you asked people to share their experiences, here is my story. Other than this the one or two indicators that can predict trend the majority of time is all one needs in my opinion. Auwal says Please I have been loosing my investment since I join a forex market, I am a student, and I use to sponsor myself,,, but you people a making money without helping me,,,, plz I need any one of you with the good heart who can help me…. I think to be best friend is Rayner and trends as concluded. I have been trading in FX for only six months now. And as a normal approach those 2 EMAs you use works better in trend markets right? Do you scale out of your trade just to protect your position? Very good article, Im trading with a small balance now but with mixed success. I took less than half my position off at the and moved the rest to BE behind structure. This gave me confidence and I traded some more. Having a large account, maybe you can even survive without.
I am pretty much algorithmic trading and quantitative strategies nyu proven binary options trading strategies the same boat you once traveled. A pip pin bar that develops at support due to a surprise rate hike is just the manifestation of the event. Or what was the ROI for for you? How in the heck do they achieve those win rates? Hi Shaukat, Thank you for sharing your story with me. That would be difficult, to say the. Cheers Rayner! Well, that and an ego. My main problem is my entries. Brilliant article. I ignore the graph. Bulls ripped up to new highs at close on Friday.
But the way You use them sounds very readonsble. Please help me. Any advice is welcome. Hi Louis, I am glad it is encouraging you and thank you for your kind words! I decided to give it break and learn price Action for six months. However, if, instead of showing ONLY the good trades after the fact with the great number of pips locked in, traders posted the trade at the time it was taken, other novice traders would learn a lot, if nothing else, from all the comments from other traders agreeing or disagreeing with the position. But trust me if you fight on you will see light at the end of the tunnel. Justin Bennett says No, I only use them to find the mean. Thanks Rayner, very inspirational. Am still learning and will continue to 60 second binary options best strategy day trading with credit card. Cant he just trade and earn money? Sharing your personal experience is a very surreal process in imparting knowledge and wisdom to. Your article has greatly helped me in my journey to continue in the my search for knowledge on price Action and mastering the trading psychology which I have discoveredto be key in profitable trading So Thank you for your educative article are learning alot from you Gabriel Reply.
In your opinion, what should I do with that trade? Arin Collins says I quite agree with you sir. My story is same as you but for the last part. Have a read at my trading guides on the right-hand side of the blog. Thank you Rayner! Hi David, Thank you for reaching out. My first question is: If am trading weekly or monthly time frame swings what must I do if there is high impact news and the trade is on, must I close my trade and open my trade after news, or must I leave my trade to continue since am using high time frame? Trend followers they buy breakouts and sell at higher prices. Do you still have a training course that i could take? How silly I was. This gave me confidence and I traded some more. I found something unique about your heart. I have this urge to capture the maximum of any trend and hence unable to decide which timeframe to go for 2. Fibonacchi was my favorite. I am a trend follower and basically i only trade markets that are trending. Thanks Justin — very well explained. You can download it here for FREE.
Thank you for asking. Thanks, Allan. I have been following you sine 1 month your trading satragies are so good. Also, observing the candle itselfits wick size. You can why to trading forex go top forex news app out this post here on trailing stops. Hi Helios, Thanks for sharing your story. William, thanks for the question. Those are the only two indicators I use. Those deviations can make trading more difficult, which is why I prefer the higher time frames. It all sounds so familiar. Not all platforms start out this way but the vast majority default to some combination of indicators.
No trades when the price is off these extreme. Hi Rayner, Thank you so much for this. Hey Jim, Thank you for sharing your story. Thank you so much for this article. Your lessons are very special Mr Bennett. I am scared that I am failing. Hey Terminator, Thank you for your kind words. Currently, i am planning to short the market as soon as the indicator identify a major down trend but i doubt it will last long using a similar time frame back in , i think it can last 6 more months before the trend side swing and reverse. Hey Himel! Justin Bennett says Sure, feel free to browse the website. Justin Bennett says Thanks for commenting. Most of my views are accurate but i dont have the guts to trade because of fear of losing. You are correct that education is the way to wealth and if modelling someone like Rayner helps get there a bit faster then run with it. Thank u Justin, indicators have greatly failed me so bad. Assume hourly or 4-hourly time frame. I will try this too. A dirrent pattern at a time. I have losing streaks of 10 in a row before. Now I gave up stocks and are trying to learn trading forex.
You can find it here. Much thanks. Thank you for sharing, inspiring! I took less than half my position off at the and moved the rest to BE behind structure. Just be sure to spend some time learning how to read price action. Chepsikor Bera says Thanks very much for this insightful piece. Hi Ken, Thanks for sharing. Just look at how MetaTrader — arguably the most popular Forex trading platform — starts traders on their journey. The article opened my eyes and gave me better understanding on how to use them in my strategy. I prefer it because it tells me the result of any Forex news event. All of a sudden things are starting to make sense. Fear if loss is holding me back from becoming a successful trader, because i lost money in trading. Hi Justin. I have been following you sine 1 month your trading satragies are so good. I am really keen to learn more about your trend following strategy as i know alot of trend followers have their own unique set of indicators and rules…. You rightly said, everyone initial thought was could enter Forex and easily make quick money trading both sides of the market. Simple yet effective strategies like the pin bar, inside bar and engulfing patterns have worked for decades and will continue to be effective for years to come.
Thanks for sharing, Andrew. Also, on the question on broker, is it convenient for you to reveal the broker you are using? That was the point where I start learning and adapting. Those deviations can make trading more difficult, which is why I prefer the higher time frames. Fear if loss is holding me back from becoming a successful trader, because i lost money in trading. Well, that and an ego. Do check out my series of videos. Where I would manage to make a trade, i would make the wrong choice. Hello Steve! Is it that trend trading works provided you trade across diverse markets and products? Thu says hello justin Stock trading apps no fees top 5 stock trading app for your sharing. In my year of trading i have never used an indicator fortunately and am not about to start. Of course need a lot of patience and waiting using the daily Murrey maths. They add four or five jeff augen day trading options pdf best cbd penny stocks to their chart, watch for crossovers or oversold and overbought conditions and then pull the trigger. Glad you found it useful. Hey Johnny Take it easy bud. Also, observing the candle itselfits wick size. But they call it one minute time frame. Justin Bennett says Spot on, Al.
Sounds familiar? Now and then I use Bollinger for the mean, like you use MA. This will help increase your confidence in any setup that materializes as a result of the news. Also it must have a well-sized account. Thanks for you time. Inspirational and motivational story it is,Discipline and perseverance are tools Thank you Rayner. How do you manage trades which are still active 48 hours before the high impact news? Also, observing the candle itself , its wick size, etc. Hello Tim, Thank you for reaching out. For those with a fundamental edge to their trading, the methods and concepts I discuss here may not apply. I believe this post here can help you become a more consistently profitable trader. Started trading only recently but the feeling of constant losing really isnt enjoyable at all. Hello everyone. It was a painful grind. None of the textbooks in Singapore will teach this, and I wish someone told me this when I was young.