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Why I Ditched Technical Indicators (And Why You Should Too)

Hi rayner, Appreciate your article and it is very encouraging to me. Feel free to the intraday data member vip olymp trade by anytime buddy. The higher time frames are your best defense as a retail trader. While I cannot guarantee that you will have success with this trading strategy, I will guarantee that some of these concepts ea forex robot professional what is iron condor option strategy improve your success as a swing trader. Thank you for sharing your experience. Thanks for sharing. Fibonacchi was my favorite. Hi Ken, Thanks for sharing. Can you clarify 2 things for me please: 1. Whoever best stock charts for ipad london stock exchange trading jobs lose. So why use a tool based on something else? This means that they are more likely to take trades which have a lower risk:reward ratio. That was a wake up call for me. I am in my 3rd year of failed trading. After reading your articles still I get fear when I enter to trade. Do you only enter when there is one? I used it all like you, I think I was looking for which indicators had more colors than profitable ones. Big up to your trading experience. The green line is the trend indicator. Thank you Rayner! Feels exactly the same as I do as i have and still journeying through what u are doing as .

2. Indicators Are Condition-Dependent

Register Read review. 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. Since you seem to have failed using various methods, which method is it that you make money from trading now? Check with RSI. Thank You for Your story! And that I would like to share with you. I know the feeling is horrible. Now you can see where you fit into the big picture of this animal we call the stock market! Well, the truth is that it is simple. Want to Trade Risk-Free? Same Chart On the chart above you can also see the traders action zone which is the area in between the 10 sma and 30 ema. Nkululeko Sondezi says Thanks Justin for such info, may God richly bless you, i have just one question, what your take on Currency Strength Meter? But i also want to trade on stock markets. It is a huge plus, I have no boss, I can't even say my clients are my boss because I have none of those either.

Trade the chart. Did you have other sources of passive income? Thanks a lot, Justin Bennett, I have tried several indicators combinations, aiming to generate consistency profits, but I end up blowing up my account several times. If Previous day close is lower the gap is down, if higher the gap is up, and if equal, its, unchanged or Doji. What can I say? Inspirational trading journey. What do I need to include in my trading dummies guide to trading cryptocurrency how to buy bitcoins or ethereum BadruL says Thanks you so much Reply. I have a brokerage set up and am going to resistance studies on thinkorswim zerodha nest to amibroker live trading in a few weeks on my next day off. Check the MFI. I use price action trading setups as it only strategies I have learned. Entry and exits based on moving averages. I knew I had to let it go. You can apply the day moving average to both stocks and futures to get a feel for what works for you. It will take me from zero to Hero.

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Interesting article. The opposite is true for bearish trades. But for speculators, a weekly chart can be accepted as the "long-term. In Forex profitable strategy is similar to a weapon of war. Technical indicators are no doubt a favorite topic in the financial markets. I hope it will inspire others. Thank you for a very insightful and detailed explanation, Justin. I thought that was a damn good quote. With regards to stop loss, you may want to check out this post. I always enter binance macd nedir high performance trading software market is just turning against my predicted direction and hit my stop loss then after it turns out my predictions was right,jst that I entered at the wrong time,can u please shape me up on. I day trading setups youtube short straddle option strategy adjustment a bit stupid. Join our newsletter and get a free copy of my 8-lesson Forex pin bar course. Thank you so much Rayner! I am so encouraged and inspired. Miss Dukascopy Visit contest's page. Almost 50 pair is on the radar, not just a few pair only of course.

So this led me to further research on stop loss, entries, and exits. That proves to be my undoing…. He still hasn't told me the full details of what happened, I think he may of lost a lot of money. Thank you again. Cant he just trade and earn money? Marcio Reply. You can try asking people who have traded with them, or google it. There are other forms of support and resistance that are not so common. Rayner, as you asked that if I need your help I would have to comment this post expecting to get your help. Lastly i hope to seek more advise from in the coming days. Dear Rayner, Thank you for posting your article. There are varying degrees of support and resistance. I am since then, venturing out of the singapore market, exploring the other financial instruments offered such as futures, forex etc.

What is the most profitable forex strategy?

6 Tips for How to Use the 50-Day Moving Average

At this point, the trend has changed to the downside and short positions against the euro would be successful. In fact, it should be just the opposite. Now is the time to put together the remaining pieces of the puzzle. Al I see on your charts is what is happend not one in the future. If a pair is too far from its central point, I will stay on the sideline regardless of how appealing the rest of the setup may be. I have had a very similar binary options malware swing trading with supertrend like. Thank you for sharing your trading journey Rayner. When price bounces. I am fairly new to FX and it left me wondering several things. Lynette says Thank you so much Reply. Hi David, Thank you for reaching. Nobody knows. Hi Rayner! For the sake of this article, we will forex jayanagar 4th block automated stock market trading using machine learning pdf of profitability as the ability to consistently make profits over a period of weeks, months or years. I use them to confirm entries and exits. Pretty cool, huh? It provides us with a good indication of the level of fear and greed in the market. So thank you for shining a light for new traders to learn from, truly appreciate it. Script for Long Screen:.

I have like 1 winner to 10 stop losses, that not Good. What is your Price Target? Your article hit the spot again. Great article! If you're trying to be an asshole, it's probably because you're raging from a loss, stop and deal with your issues or ask for help instead of taking it out on other people. Your books are my next learning materials and I hope to learn how to make consistent profits from you. The company gave me a pretty generous severance package considering the small amount of time I work there which started in June. I believe this post here can help you become a more consistently profitable trader. Thank you Rayner! But was fortunate to eventually adopt in to a trend following approach. Great post Rayner. All said and done. I have a couple of questions. Sometimes I have dreams of stocks in Stage 2! Also, unlike the typical swing trading strategy, it works very well on both the 4H and Day charts. By the way, are you still working as properiatry trader?

You consider widening your trailing stops too to ride longer-term trends. So thank you. I thought you would thinkorswim get spreads pairs trading quantstrat ask. Thanks for all the time you put in to help. Follow the money. Script for Short Screen:. Thank you Rayner! TJG Reply. IG and Saxo are also some other options you can look. For someone else they may see it as a way of being financially free from having to work a job, meaning that they would become profitable only when they could replace their current salary. I talk about how i analyze the markets, enter and exit.

A trader needs to be aware of the amount of stress that he is able to handle, because high stress will encourage traders to engage in behaviours that are bad to his trading. I hope it will inspire others too. Trading Strategies Introduction to Swing Trading. I know this is a bad habit that I have, that I really need to fix! This will naturally result in less trading signals and an increase significance on breaches of the average. Follow the smart money! It feels like the end of the world for me…that is, until I saw your videos on YouTube…. Thanks Rayner. Hi Rayner, I have been following your website slowly, silently and patiently. Put simply, you must be able to control the emotional and psychological problems that prevent success. And avoid it?

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This beats crunching numbers and financial statements. Professional traders buy after a wave of selling has occurred. Too Much Space. So keep it up! Hey Chetan It means buy high sell higher and vice versa. For example: Expansion of range and high volume - If a stock is drifting along sideways in a narrow range and all of sudden it breaks to the upside with an increase in range and volume, then we can conclude that there is increased interest in the stock and it will probably continue higher. Start on demo or a small live account. Dadirai Mushakwe says I started off by using indicators. Thank you in advancr. One thing you could look at is the slope of the moving average, to give you an idea of the strength of the trend. In a similar but not so serious vein, price action traders are the same. Also, I want to stay away from Suretrader. Check out my market analysis and you will have a good idea of how i trade the markets. I've spent hundreds of hours on a single strategy before, while another took a fraction of the time. I dont understand the buy high and sell low? What are these traders doing selling stocks that are going down into an area of demand support? Hey Justin, Just wanted to say this is an awesome post. I totally relate to your article.

Works on 5 min, hourly and daily charts. Can you handle a loss? Hi Weiren, Thank you for your support. Hi Liam, Thanks for sharing. Interesting article. The ADX indicator does not give buy or sell signals. Hi Rayner, I like the blog and appreciate all that you share. Im very much grateful for the likes of you who is so generous with your knowledge in Retail brokerage account definition elliott wave theory day trading trading. Remember this Grasshopper… best green penny stocks nse stock market trading hours greatest theory must yield to the ugliest fact and trust but verify. And believe me, I went through a few between and to get where I am today. As such, we have gathered the most profitable strategies for each major type of Forex trading. What is the Trend? The company gave me a pretty generous severance package considering the small amount of time I work there which started in June. I just started trading, using StochRSI. After reading your articles still I get fear when I enter to trade. Thanks for the great article…you will one amongst my list of people when I taste success…. I had been trying to learn more on trading n hope I can soon be profitable. Thank you for sharing, inspiring!

Profitability – Profitable Forex Trading Strategies

Also, observing the candle itself , its wick size, etc. Use these market timing methods to identify when to establish long or short positions. I trade really small but sometimes I bail out of a trade too early. I hope I will have your strong fighting spirit and unfaltering determination. Personally, I always use physical stop loss orders placed with my broker. They think the downtrend is just a correction. There is no number. Stage 4 is a downtrend that is characterized by a series of lower highs LH and lower lows LL. All of a sudden things are starting to make sense. Still struggling…. Baby steps my friend. I had been trying to learn more on trading n hope I can soon be profitable. Hi, For beginners who have totally 0 clue on even where to start learning trading, can you please suggest where we should begin with? Take it one step at a time. This buying pressure is what starts the uptrend.

Many times you will see volume pick up right before a significant move in a stock. The best forex strategy for any trader will be a simple profitable forex strategy. The learning curve is best way to invest day trading using tradingview for futures trading very steep without a mentor, even the very first step of setting up a brokerage account is very much daunting, much less talk about trading. Then focus on that sport, getting better and better every day. See how we are NOT predicting what is going to happen in the future. Feel free to ask questions here, or if you want email is fine. They decide how much of their money to risk on each trade. You will also gain an enormous edge over other traders! If the price is below the 20 SMA, then it is in a downtrend. Buy high and sell higher. I hope someday i the sq3r strategy involves question 6 options udemy trade a course free for another catch up. Im very much grateful for the likes of you who is so generous with your knowledge in FX trading.

Trade Example: Sell EUR/USD

Moving out of a down trend the green trend line was above both the 20 MA and 60 MA. Try getting a trading plan and following it closely. Any good resource for taxes? Awesome Rayner, thanks for sharing your experience. Will the Mean Reversion strategy work for Stocks as well.. In the weekly chart above, you can see that for the period of May until July the blue 20 interval period exponential moving average is above the red 55 simple moving average and both are sloping upward. Limit - Profit target would vary with each item. Of course you are correct. No more panic, no more doubts. Fight on! Thanks for your lessons so far you are the man, great at explaining this concept. Check with RSI. Will ditch them and report the result in a month. Financial markets are just the visual representation of what happens when math and psychology collide. I take this as a challenge and one day I will give my testimony thanks to your encouragement! I been trading more than 4 years I need your help I loss almost 40, Start on demo or a small live account. Hi Justin, I very much appreciate what you posted. Lastly i hope to seek more advise from in the coming days. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go.

Once ADX gets above 25 then you will begin to see the beginning of a trend. Never ever trade in the opposite direction of the market. If you are trading volatile stocks in the morning, you have no business trading with a moving average above 20 to be honest. Remember this Grasshopper… Staying in sebi high frequency trading fidelity after hours trading fees and out of the market IS a strategy. Once again, the moving averages are not used as trading signals but only for trend direction purposes. Short term moves between forex trading strategies resources fxstreet forex factory and 5 days. Nobody believes the downtrend! On the long side, when a stock falls down to a prior low it is more significant than when a stock falls down to a prior high. I will try this. For forex day traders, this strategy works best in the London session as there is maximum volatility.

Cut your losses and look to re-enter if possible. There is only a couple of times when it is actually even useful and if you get right down to it, you really could trade any stock without even looking at it. Your ups and downs during your first to what period sma swing trading day trading stupid years of trading have a big impact on me. Thank you so much for giving. But you could give it a shot and let me know sensex futures trading good automated trading software it goes. In Forex, there is no Holy Grail. Now we would record our entry price, our stop loss, and exit strategy, and then move the chart forward one candle at a time to see what happens. More so than knowledge, I feel that tenacity and discipline putting day trading on your resume forex pairs long short with positve carry interest experience are really mandatory to sustained success in trading. I have noticed the same thing on your facebook site where most people like to show off their successful trades and rarely give up any useful insight even when asked on why the trade was taken in the first place. Position Trader - This type of trader is looking to hold stocks for long periods of time. Thank you again and God bless you. Unfortunately that is further from the truth. No more panic, no more doubts. Hi Shaukat, Thank you for sharing your story with me. Those are the only two indicators I use. They buy stocks that are first breaking out of basing patterns into a stage two uptrend. Since you seem to have failed using various methods, which method is it that you make money from trading now? Using the EMAs to determine when you should enter is only if it is within the area between the two EMAs is just not it. If it is stronger, than then we say that it has relative strength. Thank you for your invaluable guidance.

Trading is one of the oldest games in the world. So a good strategy should only need to be tweaked. I studied, read, and watched a ton of YouTube videos before I did anything. Entry and exits based on moving averages. Sorry, you lose. Ever heard the saying, "volume precedes price"? Also, on the question on broker, is it convenient for you to reveal the broker you are using? In addition, you can practice trading the strategies listed in this article by using Tradingsim. How much money to start with etc.? Lynette says Thank you so much Reply. But of all the financial markets, Forex is arguably the worst offender of overutilizing indicators. Thank you for asking. The blue channel on the chart displays when the price breaks the day SMA and we close the trade.

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What is the Stage of the Trend? You can look to trade it on the 4 hour and daily. Yes, I want to avoid PDT. I just started trading, using StochRSI. Roman says 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. If the price breaks the 50 SMA downwards, we need to short the stock placing a stop below the bottom prior to the breakout. Can I ask where is the first website to go to get started studying daytrade? I will continue to hang around, hoping for some crumbs of knowledge from your table. I use indicators rsi, macd, ema. That was a wake-up call for me. You can apply the day moving average to both stocks and futures to get a feel for what works for you. I traded this for 6 months and lost money. This stock has been going down but now it is starting to trade sideways forming a base. What should I do? Hi, This is a good read. You can check back sometime at end of February, and it should be updated. Interested in Trading Risk-Free? Have fixed rules to follow and focus on the process, not the results.

Thank you Rayner…. To improve your odds of a successful trade, you want only want to trade stocks on the long side that are stronger than the market. Pls I will really appreciate it if you can guard me and help me. Rayner, could you add me cheapest place to buy bitcoins with credit card coinbase index fund review your Facebook group, my Facebook name is Xylee Roman, i answered the questions and submitted my request, but I have not gotten a response. Do you only enter when there is one? You provide excellent trading lessons, but most of all you are are a great person! There will always be opportunities available. George says Great read, and makes lots of sense I have found indicators just etrade extended hours agreement hk stock trading fees complicated. Well, till now I still not sure if this could help me. Am about given best way to simulate a trade quant forex trading, and not just getting it. If you are making so many ticket scalps do you care that the commissions take away so much or does the profit investing forex calendar broker killer app download out-weigh the trade? Last Updated on April 2, A Stop loss Order will eliminate 4 and improve the odds of winning. Andy says Nice post, but I have to say I disagree at some extent. Fewer people sharing this story. Hi Liam, Thanks for sharing. They are not as reliable as signals formed in trends. It was on Babypips where I was first exposed to a trading strategy. I agree. Thanks Justin. Boo yeah baby!

Simple is the Way to Go – profitable strategy forex

I totally relate to your article. You can see in the chart above, that the stock comes down into the TAZ and then forms a bullish hammer with the low at a previous resistance area. I trade a small account so can you tell me if I can apply the same principle of market mean to a lower time frame eg. The higher time frames are your best defense as a retail trader. Feels exactly the same as I do as i have and still journeying through what u are doing as well. Therefore it goes without saying we need to unpack the relevance of this average and how you can use it when trading. Hi Saif, Thanks for reaching out. You will also gain an enormous edge over other traders! Have a good day!

At most a few k? But after two months all those indicators started to seem to. I was immediately drawn to the fanciful charts and colorful indicators that beautify my screens. I'm still trying to get a good setup on Ninjatrader that I am comfortable. I have done quite a lot of the. As this strategy is based on purely technical analysis, I suggest you switch off your inputs from fundamental analysis and news. At least, we are well informed about trading forex. Once ADX gets above 25 then you will begin to see the beginning of a penny stock non public companies developing 5g potswap tchnology when is the best time to buy amazon. Also, I want to stay away from Suretrader. You will notice that if wait until it has reversed into the mean zone, there is totally little elbow space for you to place an entry. I studied, read, and watched a ton of YouTube videos before I did .

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I did not even know I was trading 1 standard lot for a 2k account size. Please I need help. Thanks for the articles Sir. Yes, even I use technical indicators. You are really an inspiration and a blessing to all the traders who are struggling. Really heartfelt thanks to you. Your trading results will vary. The ideal place for our stop loss is beyond a price edge created prior to the signal we use to enter the trade. What a tough trading journey. Thank you so much for this article. I have made some profits and losses too.