November 28, at am. Help you risk the same amount on every trade, how much more consistent will your results be? Enter trades on the shorter time frame in the direction of the strategic. Can you contact me to help me learn even better? Very informative and inspiring article. Need a trading strategy when the market is in a range? Nearly always use the default settings. Survive the small losses which are the cost of doing business, the big home runs will eventually come. However, there are two versions of the Keltner Channels that are commonly used. You want to calculate the strength and weakness of all currency pairs and rank them from strong to weak. Using these two indicators together is stronger than only using a single indicator, whereas both indicators should be used. Stop-loss :. Hi Rayner, I have been following your buy bitcoin with prepaid bitmex using vpn slowly, silently and patiently. Im very much grateful for the likes of you who is so generous with your knowledge in FX trading. Hi, Thank you for. Joined Aug Status: Member Posts. That was a wake up how much does it cost to invest in nike stock how to setup a limit order for me. 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. Thank you Rayner.
Thank you for sharing… Im new to trading and still learning. Hi Cyber monday penny stocks burg pharma stock value, Thank you, yes there is hope. Hope you make it before I. Signals are far stronger if there is either: a large swing above or below the zero line; or a divergence on the MACD indicator. March 13, at pm. I lost all but now i have made a u-turn. Or, conversely, when they all cross the 50 EMA line, sell. Nadex customer support simple moving average is profitable trading strategy am still holding on to Sembcorp shares bought at 4. Persevered with a few accounts been blown out, both demos and live ones. Hey Chetan It means buy high sell higher and vice versa. Winning trades usually last for months. Hopefully i might get the breakout by controlling my emotions, and be able to take more and more rational decision in any type of situation. Lastly i hope to seek more advise from in the coming days. March 17, at pm. Just finished reading your guide to price action trading and I have to say it was a fantastic guide! Please I need help. Hello, I have been trading for 4 years. Hi, For beginners who have totally 0 clue on multicharts atr ratchet how do you day trading the vwap indicator where to start learning trading, can you please suggest where we should begin with? I love the way you ichimoku cloud trading bot tickmill swap rates information in such a simple straightforward manner. 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 sam tech nhra factory stock showdown good gold penny stocks me try by starting with a small account, and I double it in single day and the next day I blew it.
For instance, Admiral Markets' demo trading account enables traders to gain access to the latest real-time market data, the ability to trade with virtual currency, and access to the latest trading insights from expert traders. Hi Rayner, I like the blog and appreciate all that you share. Keep it up! What you see is what you get. Joined Aug Status: Member 7 Posts. Excellent article, thank you for sharing your experience. 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 …. I am concerned too of tweaking my MACD but the thought that whoever made it knows best passes my mind. Thank you Rayner. The article was truly inspirational!
Alternatively navigate using sitemap. Hi ray, is it possible for a trend following trader to survive if he only trade in forex? Very high quality stragy. Hey Rayner, I appreciate your honesty in sharing your journey of where you was to where you are today. All moving averages are exponential. Post 7 Quote Jul 22, pm Jul 22, pm. Anyway I had the harmonic phase just this month and I concluded that all is crap. Where are the trades? Shooting Star Candle Strategy. Green arrows signal Long trades and Orange arrows indicate Exits. Ishares core russell etf best stock chart app all the questions on my mind… Thanks a lot…. They very rarely occur on a chart leaving me with about trades per a month, which is obviously not .
You are doing very well. Being naive and ambitious I did more fundamental research and bought more companies, with margin. Tomi — Watch for the next report later this week for info on where you can follow this at MyFxbook. Please enable Javascript to use our menu! So inspirational. Thank you very much in advance. If I am just starting out in FX, what would your recommended minimum capital be? I hope to meet you someday. I will continue to hang around, hoping for some crumbs of knowledge from your table. Just email support tradingwithrayner. No bias. Yet the feel is different with the live account. To be honest my journey is hectic, am still new to the system but I have realised that the market is no joke. Here's what you will get:. Making some progress but the bad and ugly continues to surface. Thanks again. I just wish someday,i would meet you in person.
You know if you put in hours a week and do the heavy lifting up front, you can enjoy the rewards for years to come. Deep inside i think i should work on things i can understand and let go of complex topics. 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. My word of encouragement to the new traders…there will be a positive turning point. November 29, at pm. Hi Rayner, I have been following your website slowly, silently and patiently. Just finished reading this article and i must say what you have shared is very very useful for new traders like me. Truly appreciate the short and sweet response. I lack execution skills. Three years now and am still making losses. Can I really mention how many account I have blown? To be honest my journey is hectic, am still new to the system but I have realised that the market is no joke. Once again thank you. Post 15 Quote Dec 19, pm Dec 19, pm. Here's a glimpse of what you'll get: Weekly Trade Alerts No. It all begins with asking the right questions which clearly you already know what they are. I have just discovered your site and have a good feel I am in the correct direction. What is Price Action Trading? Quoting dkrock.
Just name it, I probably would have tried it. This scalping system uses the MACD on different settings. I think you have an amazing gift for teaching and I am really very grateful for your videos. Sure, you can piece the puzzle together from trading books, blogs, videos, podcasts, forums. I am just in a state of shock to be honest, invested in two Binary option companies and both brokers really took everything I had, worst of all they kept making me invest more at this stage I would really like to speak with others who have shared similar experiences they must be a way to catch these miscreants, please do reach. The trades will outnumber and outpace losing trades. Excellent article, thank you for sharing your experience. Hi,I m Herick. See Indicator Panel for directions on how to set up an indicator. Thank you Rayner. Thanks for sharing. But not long later, I faced this irritating issue… Can i trade in robinhood after f-1 visa expires etrade cant see dates Fundamentals are bullish but the market is in a downtrend. By continuing to browse this site, you give consent for cookies to be used. I hope this post could shed some light on it. But, top 5 intraday stocks today live demo of option trading lose the opportunity to build the lifestyle and independence that most people can only dream of. March 7, at pm.
I say your conclusion is very solid. Which Option is Right for You? I did not even know I was trading 1 standard lot for a 2k account size. Hi Tim, Thanks for sharing your experience. I still make stupid mistakes. Do not attempt to trade high-momentum trends with MACD crossovers of the signal line. March 20, at pm. Thanks again. Ravi Krishnan says:. Now you're probably wondering It has really encouraged me. The one thing that you will realize learning from Rayner is his honesty and sincerity in helping his students. Wait for a candle that breaks above or below the bands, as a buy or sell trade trigger confirmed by the MACD. Trending Market First check whether price is trending. And without the right trading decisions, I found myself losing consistently. Then I read something about following a strategy for 25 trades or even for 50 trades, without the thought of winning or loosing. Its good I found you so that I can learn the winning and not have to go through very hard times.
I becamme successfull even more i master my emotions. Example of a bat pattern…. This means if the market changes so do your trading strategy! I realized my wrong way of trading and now learning from you. I use the MACD extensively but mostly for momentum. I always watching and reading youre articles. Do you mind share how stock buybacks work free simulated trading platform me more through my email? But, if you want to short-cut your learning curve and become a consistently profitable trader in the fastest time possiblethen The Ultimate Price Action Trader is for you. Thanks for sharing this story, it is the needed tonic to boost my interest once. You maybe my new. I really appreciate your honesty. Thanks for sharing your story! Have a read at my trading guides on the right-hand side of the blog. However, we still need to wait for the MACD confirmation. Hi, This is a good read.
Hey there, Great post. Pick up a few gold nuggets and I especially love using the slope of impulsed move to assess the trend. Thanks for the strategy, Jack. Cant he just trade and earn money? They have a few variations of harmonic patterns, like Gartley, Bat, Crab. So Now the Bittrex metatrader bitcoin future prediction calculator is Hey Jim, Thank td ameritrade investment consultant review long futures short options strategies for sharing your story. Do you scale out of your trade just to protect your position? I totally relate to your article. Can you suggest.
I am new to trading though I have read alot on trading in a short time. Hello Rayner, Am just a replicate of your story I have tried all I know yet still blow my accounts. Appreciate your effort to share your experience with others. I say your conclusion is very solid. Quoting automated. But i found more in the FX market. Hi Gandi, Thank you for your kind words, am glad you enjoyed it! My timing always not perfect. Best regards Louid. Can you contact me to help me learn even better?
Do you mean indices, commodities and rates? They have a few variations of harmonic patterns, like Gartley, Bat, Crab. I feel that I am also similar to you in terms of trading psychology like 1 Can foreigners buy bitcoin in usa what cryptocurrency exchange should i use 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. This beats crunching numbers and financial statements. Just a suggestion if there is anything more interactive can be setup then I guess it will be very helpful for you and for us as well in terms of learning. No bias. I am taking your advice on cutting my losses short and letting my winners run. You cannot be good at any sport you try. You do that consistently and you will probably profit. Hi Simon, I know the feeling is horrible. Hi Ken, Thanks for sharing. I have been trading for 4 years. Divergence will almost always occur right after a sharp price movement higher or lower. Hey Rayner, Thanks for sharing this article. I say your conclusion is very solid. Hi Rayner, It is a great article. I wont forget you for. Without any results make me feel like I am not suitable for trading. Your reason for wanting to give back and not charge people is admirable and sometimes rare in this day and age.
Thanks for sharing this story, it is the needed tonic to boost my interest once more. It can be frustrating and discouraging at times but I refuse to give up because I am stubborn like you. I have to be strong and patient. It's always best to wait for the price to pull back to moving averages before making a trade. MACD and Stochastic: The Double Cross Strategy While one indicator is helpful for predicting price and making smart trading decisions, often you can combine different indicators for more usable data. Continue sharing your great work with many of us. Thank you for the honesty in your journey. Yup, Swing trading is a viable approach to trading the markets. It got me in such a mood that I missed all the rally after the march lows. Wow you truly are an inspiration Rayner! And without the right trading decisions, I found myself losing consistently. For beginners who have totally 0 clue on even where to start learning trading, can you please suggest where we should begin with? Right now, I have been following your videos on YouTube closely and saving up in the hope that I will be able to replicate your success story.
Do you mean indices, commodities and rates? I am concerned with the 1 minute, 5 minute, 15 minute charts. After reading your articles still I get fear when I enter to trade. You provide excellent trading lessons, but most of all you are are a great person! I would tweak the system a little, but that is just me! Trend following has a set of fundamental principles and after which, different traders have different ways of entering a trade, exiting and managing a trade. What will you say about, your trade or will pg&e stock go up high dividend paying small cap stocks conviction is abosulutely correct but time is wrong due to which, trade turns into loss but later u find you were right. The UPAT will definitely be a course that will transform your trading results if you follow what's being taught. For biggest accuracy I use them in trades fundamentally inclined with the security I'm trading. Even in short timeframe there is trend move right? I have losing streaks of 10 in a row. Trending Market First check whether price is trending. I have just started investing in the stock market for 3 months.
Teo, what are the best books to read on trend following cos am having a hard time being a profitable trader. Thank you Rayner.. Check out my market analysis and you will have a good idea of how i trade the markets. Post 16 Quote Mar 26, pm Mar 26, pm. Hi Gandi, Thank you for your kind words, am glad you enjoyed it! I believe this post here can help you become a more consistently profitable trader. I see your story resonating in me, I have actually came in contact with the idea of FX since and I so believed in it that its my sure way to financial independence. I was lucky cause being 14 years old it was forbidden for me to trade. Recommended time frames for the strategy are MD1 charts. Am very new in forex business. With this kind of your blog. But let me ask you… Does it make sense? Still in the midst of earning back through simple price action as well as trend following, which i hope to learn more from your continued dedication to this blog.
Once you've learned it, you'll be a versatile trader who can profit in any market conditions. Hi Rayner thanks for sharing all this. This means all the risk is on ME, and not you. I need any help and guidance you could offer me,. Here's what other traders are saying What will you say about, your trade or trade conviction is abosulutely correct but time is wrong due to which, trade turns into loss but later u find you were right. Also the greetings. Hi all! Thanks so much for sharing your trading experience with me it gives me hope that I will one day cross over from losing to winning. More so than knowledge, I feel that tenacity and discipline and experience are really mandatory to sustained success in trading. Do you still have a training course that i could take? It can be frustrating and discouraging at times but I refuse to give up because I am stubborn like you. Dear Rayner, Thank you for posting your article. The fastest way to get consistency is to journal your trades, review, and improve on it. Hey hey buddy!
Can i seek your advice on the mt4 platform from IG? Stop-loss: The Stop-loss is placed above or below the entry candle aggressive stop loss or above or below the support or resistance conservative stop loss. I used it all like you, I think I was looking for which indicators had more colors than profitable ones. What Macd settings do you use 8 replies. I also started reading books because of some things you said in your blogs and am seeing the importance of reading books. The MACD can be used cryptocurrency trading brokerage accounts korean crypto exchange fake trade volume intraday trading with default settings 12,26,9. Exits however on moving averages alone gives away a lot of profit. But I always refer them to Rayner because he knows his stuff and I highly respect the work he does. March 20, at pm. I really wanted to say that cause I am bored of the holy grail discussions. Same thing. Feel free to ask questions here, or if you want email is fine .
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 How to buy uber stock early does kering stock pay dividends can accept being wrong most of the time 3 I am patient and discipline. Thanks much TEO. Equivalent MACD settings between higher and lower timeframes? And… you still can be a consistently profitable trader — if you follow price. June 8, at am. On the demo account of high low i make 20k daily and im about to put some real coin in and have a dig. The trades will outnumber and outpace losing trades. Thanks for sharing, Andrew. The problem with oscillators is that they oscillate — when you want them to and when you don't want them to. Great trading with rayner forum macd day trading settings and why hear that successful traders also have to go through period of suffering and learning. I have researched OptionLeague, and BinaryMate but they are not regulated which concerns me as I read about endless BO broker scammers. But trust me if you fight on you will see light at the end of the tunnel. Here Are Your Answers I trade with indicators and I would like to know if there is any where to go to invest in the stock market intraday trading tips for today moneycontrol to tamper with macd. Trend following? What Macd settings do you use 8 replies. Overall I am really looking forward to follow you on this journey and Most of all congrats on doubling your money in first day its amazing I must say. Being naive and ambitious I did more fundamental research and bought more companies, with margin. Easy money is ahead of me, all I need to do is click my mouse. Thanks Rayner.
MT WebTrader Trade in your browser. So, what did I do? What is Price Action Trading? The goal? Tom says:. What I have learned from your weekly videos and your free books revived my confidence. Points A and B mark the downtrend continuation. March 5, at pm. This is not a matter of if, but when. Based on my experience and over hours of screen time, I can easily related with your story. Thank you for your kind words, am glad you enjoyed it! Now I decided to continue after read your cheerful article. I am speechless. If you don't like that number you can make some changes to your trading strategy and backtest it for another entries to see if it goes any better. To be honest my journey is hectic, am still new to the system but I have realised that the market is no joke. Best regards Louid. I have this urge to capture the maximum of any trend and hence unable to decide which timeframe to go for 2. The MACD is a lagging indicator that lags behind the price, and can provide traders with a later signal, but on the other hand, the MACD signal is accurate in normal market conditions, as it filters out potential fakeouts. I am also a trend follower now after being a so-called fundamentalists who went though multiple failures, losing more than 3k in a month.
I talk about how i analyze the markets, enter and exit. I have a couple of questions. I found Rayner while looking ades swing trade usd to xrp etoro help to overcome fear at higher levels, a natural roadblock in trading psychology as everyone eventually finds. So as to make money in forex market consistently what should I do now? Settings for MACD 4 replies. Ravi Krishnan says:. Will be keenly watching. Scalping usually would generate a much higher frequency of trades thus their edge should play out in a much short time frame compared to a trend follower. I have found over the years it will whipsaw you in and out of the market. Yup, you read me right. Very good article, Im trading with a small balance now but with mixed success. Try to be financial free in trading mt4 ichimoku alert indicator data mining in stock market ppt the result against me. I see that you now settled on trendfollowing. So are you suggesting until and unless there is not a clear breakage we should not trade? Post 4 Quote Oct 27, am Oct 27, am. Well done Rayner, you made it and the best of luck to you and your family. They forget all the times it worked wonderfully. This is a good read. The journey can be rocky but the reward at the end of the tunnel makes it worth it. Three years now and am still making losses.
Just a suggestion if there is anything more interactive can be setup then I guess it will be very helpful for you and for us as well in terms of learning. Ive been trading for two years by now and ever since I started trading I never made any profit I keep blowing my account. I appreciate the time you took to read the story. I have found over the years it will whipsaw you in and out of the market. You can look at the volatility of the markets, the size of candles and much more to give you a feel into the strength and weakness of a market. So here is the deal, if you want to use an indicator, or the flip of the coin either will work. I was recruited by some trading school in Toronto 3 years ago who showed me price action, macd, ema, harmonics, blah blah… For them to pretty much just turn their back on me. Hey Reyner, I started following you this year and so far i have learnt alot than i paid for from many mentors. Pick up a few gold nuggets and I especially love using the slope of impulsed move to assess the trend. Maybe because you helped me and other fellow traders too much. March 14, at am. Your story is similar to mine just the difference being that I have been loosing money on overall basis since 2 years. I just started trading, using StochRSI. Session expired Please log in again. I have followed your blog for a few months now, and I really understand the importance of stop loss. You make more profits in the long run that no systems, robots, or algorithms can match. Thank you so much Rayner for sharing your story. I say your conclusion is very solid. Personally, I have never used ATR to trail my stops, so no experience there will check it out though.
Thus, cutting losses short is mandatory to survive in this business. For short trades, exit when the MACD goes above the 0, or with a predetermined profit target the next Pivot point support. All I can say is Automatically calculate your position size, how much time will you save? I had good days and bad days. Scalping usually would generate a much higher frequency of trades thus their edge should play out in a much short time frame compared to a trend follower. Thank you Rayner ….. Like you I learned something useful from everything and every one. Give up? So thank you for shining a light for new traders to learn from, truly appreciate it. Winners never quit and quitters never win. Start on demo or a small live account. Each lesson is less than 10 minutes so you can absorb the materials quickly without wasting hours in front of a lecture slide. Even in short timeframe there is trend move right? Anyway, your site is coming along nicely, great job! I take this as a challenge and one day I will give my testimony thanks to your encouragement! Hi Rayner, Enjoy your blog as it really reflects what i have been doing over the past few years. Enjoy your blog as it really reflects what i have been doing over the past few years. And if you're adventurous and serious about learning , then check out his premium training program. How silly I was.
Here's how it works I have recently starting my trading journey and am yet to find a strategy that consistently produces a net profit for me. Help you risk the same amount on every trade, how much more consistent will your results be? I like Colors and Patterns says:. Thanks Rayner, very inspirational. Thank master for your helpfull information. So, to find the right entry level is difficult. This was so inspiring… Thank You! Hi Rahul, Glad to hear. This scalping system thinkorswim get out practice mode multicharts master strategy the MACD on different settings. There are NO recurring charges to access these updates. Here Are Your Answers I had once felt wanna gave up. God bless quantconnect backtest doesnt finish boring candle indicator rayner. The Fundamentals are bearish but the market is in an uptrend. So, go ahead If you put this decision off for too long, you could miss out on the premium training sessions and resources. If the MACD indicator is flat or stays close to the zero line, the market is ranging and signals are unreliable.
Facebook Twitter Youtube Instagram. Post 18 Quote Mar 27, am Mar 27, am. When the MACD comes down towards the Zero line, and turns back up just above the Zero line, it is normally a trend continuation. Entry and trading with ichimoku clouds manesh patel pdf renko optimizer based on moving averages. Quoting dkrock. Thank you Regards. Equivalent MACD settings between higher and lower timeframes? What an inspirational write up. No bias. I employ a combination of Buffetology and swing trading. Hi Stephen, Thank you for reaching. And much more! But what if you followed price?
Keys to the kingdom baby. We just have to see it as part of the process, and move on without getting too emotional about it. A bearish continuation pattern marks an upside trend continuation. I would suggest to scale down to micro lots if need be. Post 20 Quote Mar 29, pm Mar 29, pm. Sorry Rayner, My tablet corrected your name automatically. Many will quit before they become successful trader. Intraday breakout trading is mostly performed on M30 and H1 charts. Available on Incredible Charts free software. So inspirational. I am speechless. This will equip you with proper trading knowledge. IsItCoffeeYet says:. In my year of trading i have never used an indicator fortunately and am not about to start. You can watch the previous sessions and learn from your fellow members… their mistakes, their journey, and their thought process — at no extra charge.