Turtle trading system forex factory

Turtle trading system forex factory

Posted: magnolia Date of post: 13.06.2017

A trading community dedicated to helping traders succeed. You won't get any hype or fluff. But only the good stuff. January 5, By Rayner Comments. Not giving up just yet and with the markets making a bull run, I knew I had to get back into the game.

Being naive and ambitious I did more fundamental research and bought more companies, with margin. At this point, I was feeling like a champion, with a knack for picking stocks. Even my broker was commenting that everything I touched turn to gold. The Euro Debt crisis had hit the markets. One moment I was feeling like Rock Balboa, the next I was Luke Skywalker when he realized Darth Vadar was his father.

Eventually, I bailed out of all my positions when the price went further against me. A few months later after recovering from this mental trauma, I started reflecting once more. So this led me to further research on stop loss, entries, and exits. I was immediately drawn to the fanciful charts and colorful indicators that beautify my screens.

This beats crunching numbers and financial statements. Easy money is ahead of me, all I need to do is click my mouse. Or so I thought…. It was on Babypips where I was first exposed to a trading strategy. I was looking for anything interesting and chance upon a thread teaching new traders like me how to trade. My first trading strategy was using Bollinger bands to buy low and sell high, and take profit at the opposite end of the bands. On hindsight, it looked something like this.

I traded this for 6 months and lost money. Reason being there are so many trading gurus out there teaching this method and they all have a huge following. How silly I was. They have a few variations of harmonic patterns, like Gartley, Bat, Crab etc. But I was in this business to make money and not draw beautiful patterns. Example of a bat pattern. From indicators to raw price action to harmonic patterns. Just name it, I probably would have tried it. At this point, most traders would have thrown in the towel.

I graduated with first class honors but failed at trading. When I graduated from university I knew there was only one career path for me, proprietary trading. That was a wake-up call for me. I knew I had to let it go. Shortly after I was accepted into their proprietary trading firm, my journey to professional trading began. I first started out scalping the futures market and doing arbitrage across inter-related markets. I had to do something about it before the fire in me dies out….

And that I would like to share with you. This is solely my opinion and I could very well be wrong. This has to be the most popular trading approach among retail traders due to its fantastic internet marketing. 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.

What can I say? However, one of the problems I encountered was the subjectivity of drawing these patterns which constantly makes me doubt myself. Initially, my first impression of Trend Following was simply trading with the trend. But as I read more books and studied research papersI realized it is much more than that. It felt darn good when I saw my account back into the green and growing after what seems like forever.

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More than 30 times I thought I will hit a home run only to be stopped out. And that is why I succeed. You can download it here for FREE. January 5, at 8: Thank you for sharing your trading experience. None of the textbooks in Singapore will teach this, and I wish someone told me this when I was young. Sharing your personal experience is a very surreal process in imparting knowledge and wisdom to others.

January 5, at 9: I have seen many times that the losses turn to profits after some length of waiting, while I have also seen my capital gone into the drain at one night. I have followed your blog for a few months now, and I really understand the importance of stop loss. Guess I need some time now to cool down and spend more time with my family and close friends before I dare to step into the market again…. I hope all goes well for you, let me know if you have any questions about trading i will do my best to help.

Thanks for sharing such an inspirational story for all passionate traders like us. As i read through your story. I cant help to feel that your story echoed my trading journey and i hope that i will be one trading profitable like you in the near future. I confess that i do face doubtful periods during my trading journey i started 3. Without any results make me feel like I am not suitable for trading. But i believe if you persevere enough, remain a discipline approach to trading, and find a successful trader to model, you can do it too!

January 5, at I know the feeling is horrible. But trust me if you fight on you will see light at the end of the tunnel. January 6, at Thank you for this post Rayner. You really gave me a wake up call. Started trading only recently but the feeling of constant losing really isnt enjoyable at all.

January 6, at 8: January 6, at 1: Check out my market analysis and you will have a good idea of how i trade the markets. January 6, at 4: I like this article because it is written neutrally. I becamme successfull even more i master my emotions. At the end, my Key to success, was moneymanagent, and a well balanced mindset. My motivation to trade was in the beginning, the hope to geting financial independed.

But i found more in the FX market. Finaly i learned a lot about my self so far. Only because of that was it worth. January 6, at 9: Yes i do agree that mindset, money management all comes into play if i were to trade properly.

January 6, at 7: What can i say, Rayner? I am struggling to be a profitable trader, your article gives me encouragement that there is hope! I realized i became a gambler than a trader. Here are some challenges I have faced and not overcome. Almost impossible to manage emotion by not looking at the profit and losses every now and then. Should i give up? But i still want to become professional trader as i do not want to give up my 7 years of experience. I can totally relate to what you are going through right now.

The despair, the thought of wasting countless of hours only to continue losing. I would suggest to scale down to micro lots if need be.

Trading is a marathon, not a sprint. Focus on getting the process right and you can increase your size later on. You know it, so consider trading the higher timeframes instead. Do check out my series of videos. I talk about how i analyze the markets, enter and exit. Well the last thing i want you to is lose a marriage because of trading. How about trading a micro account to reduce your psychological pressure instead?

You are right that I got emotional due to large trading size. But i do understand what you trying to say on trading on micro lots which i might just try. And yeap, will find sometime and go through your video and drop you any note or question should i have any. Hey your story is very similar to mine, from the time you started trading.

Persevered with a few accounts been blown out, both demos and live ones. But in the last six months been trend trading mainly because of your posts etc. Thank you for sharing your story with me. January 6, at 3: Do you ever have the feeling of doubt when you enter a trade and it just eats into ur soul until it is over? Survive the small losses which are the cost of doing business, the big home runs will eventually come. January 6, at 5: January 6, at 6: Sure you can check out a range of books here.

I continued reading voraciously. Simultaneously, i went for a paid course, set up a cfd account with a certain singapore brokerage where the commission killed me even before the one big profitable trade could come during the bearish months of and I am since then, venturing out of the singapore market, exploring the other financial instruments offered such as futures, forex etc.

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. I have only recently went back to looking at forex charts after revisiting your blog, the last time being many months ago after stumbling upon your post in hwz. More so than knowledge, I feel that tenacity and discipline and experience are really mandatory to sustained success in trading.

The learning curve is also 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. Hoping to learn more from you on your blog.

Your selfless imparting of wisdom is really commendable, unlike many so-called experts out there. Really heartfelt thanks to you. It is my dream to have a trading career after graduating from university ever since venturing into the stock market, and this inspirational post has further reaffirmed that dream.

I understand what you are going through and i must say it is commendable to have that fighting spirit in you! There will be tough times, you have to brave it through. But no, it takes more than that.

For beginners who have totally 0 clue on even where to start learning trading, can you please suggest where we should begin with? You can find it here. January 7, at 4: Thanks to you i am a little bit closer. January 7, at 8: January 8, at 6: Dear Rayner, Thank you for posting your article. My story is same as you but for the last part. Struggling sinceI have seen ups and downs and have paid heavily for tuition.

It was not until end of last November I treadled upon several trend trading sites. In last month I am seeing a positive change. Based on my experience and over hours of screen time, I can easily related with your story. Thank you for putting all this. January 28, at January 27, at 3: I like the blog and appreciate all that you share. In the article above you mention trying various methods and failing repeatedly but then joined a prop firm.

Can you tell me how that works? I thought a prop firm only hired proven profitable traders, but you got hired and then traded a Trend Following style. If you have already discussed this elsewhere please refer me to it. They are opened to fresh graduates as well. I hope this post could shed some light on it.

February 8, at 6: The spike in December was actually due to the Usdjpy positions I have carried over the few months earlier. February 8, at The article was truly inspirational! I am in my 3rd year of failed trading. I believe that my own emotion is the biggest enemy in trading. Hopefully, I could overcome it and trade confidently like you i. Keep up your weekly sharing! Thank you for your kind words, am glad you enjoyed it! February 10, at I had started live forex trading after a year of trial in demo account and i believe I ready for the real profit.

I had once felt wanna gave up. Now I decided to continue after read your cheerful article. Once again thank you.

By the way, are you still working as properiatry trader? Do you mind share with me more through my email? Yes i am still working as prop trader. Feel free to ask questions here, or if you want email is fine too. R Vijay Prakash says. February 21, at 4: 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….

Thanks for the great article…you will one amongst my list of people when I taste success…. February 21, at March 1, at 1: Do you only enter when there is one? What if the market is trendless? How do you identify a change in trend? Do you feel the same way about target price? Or you prefer to let the trade run and shift your stoploss with it? March 1, at 9: You can check this post here on how i tell when a trend may be ending.

I trail my stops till the market takes me out of my position. March 1, at March 2, at 1: Some pairs are more volatile than others, and would require a higher number of pips.

I use ATR instead to trail my stop loss. March 2, at 3: Personally, I have never used ATR to trail my stops, so no experience there will check it out though. My SL is usually fixed below a significant low or above a high during retracement. What would you say is too tight a SL? Assume hourly or 4-hourly time frame. Alternatively, how far away is the average SL on a least volatile pair you trade?

How long did you take before you could say your system is profitable? March 2, at 6: I would highly encourage you to read through all my blog posts and watch about 15 videos back.

It would give you a good idea on how i trade. With regards to stop loss, you may want to check out this post here.

March 2, at Will read your posts and watch your videos before bombarding you with any further questions. March 3, at 9: March 5, at 3: I stumbled across your blog and I wanna say thank you for your posts!

I am looking forward to learning more from you. March 7, at 2: March 7, at 3: April 7, at 5: That was a wake up call for me.

You could count on the fingers from one hand the traders with long track-records and zero down years Stanley Druckenmiller and Paul Tudor Jones come to mind. I see that you now settled on trendfollowing. This is not a strategy that guarantees zero negative years no strategy can do that.

April 7, at 1: But i believe in that context he was talking referring shorter term trading, scalping to be exact. 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. Because chances are it is a draw down in the grand scheme of things. August 13, at 2: Great to hear that successful traders also have to go through period of suffering and learning.

I how much money does sports analyst make still at the suffering stage, hopefully one day can transit to be a successful trader like you. August 14, at 9: August 23, at 9: August 23, at I believe this post here can help you become a more consistently profitable enforex valencia facebook. September 21, at 6: This is awesome article.

I feel a bit stupid. I hope someday i can catch up. I use mean reversion with oscillator and chart patters such a double bottom, flag or head and shoulders. September 21, at Only then would you have any idea if your method as positive expectancy. October 2, at 4: I have been trading for 4 years now. I had good days and bad days. I totally relate to your article. I had the steep learning curve you had mentioned but after 4 years there is a BUT.

I still make stupid mistakes. I am still waiting for the turning point that happened to you. October forex exchange in bangalore airport, at 5: October 8, at 1: Turtle trading system forex factory I ask if fx risk hedging at eads strategy is suitable for people like me who dont have alot of starting capital?

At most a few k? October 8, at ameritrade options trading tools Trading is a skill that needs time to develop possibly a few years before becoming consistent. October 24, at 1: Your story is more common than seems. I think many of us had lived those same situations. Thanks to people like you, that shares all of your experience. October 24, at December 20, at Thank you for the honesty in your journey.

I also would love to be a mentor to those who are struggling one day myself. I have yet to trade live, only demo, and I really am quite bad after 9 months. Making some progress but the bad and ugly continues to surface. Need more good for my turn around. I have just discovered your site and have a good feel I am in the correct direction. May our brains continue in a positive fashion…thanks again.

December 21, at 8: December 31, at 3: Awesome Rayner, thanks for sharing your experience. To put things in a slightly different light, I think that you almost HAVE macro hedge-fund trading strategies go through a series of trading systems to get to the one that works for you.

So it might actually be beneficial for people to fail as quickly as possible so they can figure it out sooner. We just have to see it as part of the process, and move on without getting too emotional about it. December 31, at 5: Yes its a learning process where a trader tries different approach, and finally BAM, he finds one that makes sense, and stick with it.

January 9, at 1: Hi Rayner, I have been following your website slowly, silently and patiently. Thank you for every thing 525 in free binary options bonus teach us here. You are doing very well. January 9, at January 9, at 4: This post here will explain more https: January 13, at 4: Can i seek your advice on the mt4 platform from IG?

January 14, at 3: January 15, at 2: January 15, at 6: You can try asking people who have traded with them, or google it. June 22, at Is it that trend trading works provided you trade across diverse markets and products? I have not gone through a lot of your articles yet, but you mentioned trading CFDs as well. Do you mean indices, commodities and rates? June 23, at 8: I trade across forex and futures product. CFDs can be substituted for the futures product if a trader has a smaller account.

January 12, at I read your book and I remember you stating about following mentor without a proven track record. I was wonder if you can provide the link to your myfxbook. You can check my performance here. January 13, at 7: Do you have an update that shows Nov and Dec returns, full year trading return percentate?

Or what was the ROI for for you? January 13, at 8: I update it every months. You can check back sometime at end of February, and it should be updated.

January 29, at 9: January 29, at 1: February 14, at Enjoy your blog as it really reflects what i have been doing over the past few years. I am also a trend follower now after being a so-called should buy antisoma shares who went though multiple failures, losing more than 3k in a month.

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…. Some of my favourite book on trend following are: Trend following — micheal covel The way of the turtle The complete guide on turtle trading Trading in the zone Come in to my trading room And a few others.

Personally i use multi-time frame, RSI and MACD to identify a trend and to confirm the momentum. 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 ini think it can last 6 more months before the trend side swing and reverse.

So is better to get it married stock broker film and get out early.

turtle trading system forex factory

Look forward to ur next posts. February 15, at 2: 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. February ways to make money with chickens, at 9: February 23, at February 22, at 2: Thank You for Your story!

One Day I will write My own and help others, when I get profitabel and good. I study Price Action and I think it suits My personality and full time job. Patience is something I am working on, I might be wrong but I certainly will try on demo account I hope. Anyway You opened My eyes to Trend Following and it is really one of the best I have read about. This suits me aswell as full time worker, I can leave the computer for many hours and as we know, the trend is our best friend. I will try this too.

I wanted to leave all indicators, I have used many of them and seen the market turn long time before. But the way You use them sounds very readonsble. I could also think about using the ADX to confirm the largest companies by market cap forbes of the trend.

I certsnly want to learn more. You give me hope! June 26, at 4: Hi Raynnar Came across all ur blogs and articles and debates. Owesome knowledge and experience u have shared. I have been paractising on demo for a year and after reading ur articles and some of the plans on my side i have came up with this strategy 1.

To follow trend 2. Take profit and stop loss on high volatlity news. Please advise me if these steps are good and reliable Regards, Raja.

June 26, at 3: February 22, at 1: February 25, at 9: February 26, at 7: March 1, at 2: Fear if loss is holding me back from becoming a successful trader, because i lost money in trading. March 1, at 5: You can consider starting small first and work on your trading process.

CHONG RIK KIE says. March 20, at 7: March 20, at 9: Ming Jong Tey says. March 24, at 3: Thanks for sharing your story! Just finished reading your guide to price action trading and I have to say it was a fantastic guide! Pick up a few gold nuggets and I especially love using the slope of impulsed move to assess the trend.

March 24, at 9: March 27, at 3: I did not know about position sizing and risk mgt. I did not even know I was trading 1 standard lot for a 2k account size. My mindset was being program to train that way and was doom for failure! By the way I have a question: You said you are a trend following trader. Do you scale out of your trade just to protect your position?

March 27, at 7: Thank you for sharing your experience. You can check out this post here on trailing stops. March 31, at March 31, at 5: April 2, at 7: I fully relate to your experience and I have realised that, although there is so much on the web for new traders who are trying to find their niche and style of trading, there is also a huge problem with most of those sites. They only show the winning trades after the fact and everything looks dandy and easy even a school kid could be a trader.

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.

Also, rarely you find anybody posting trades at the time when they where taken with a reason.

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. You will be able to make your own mind on what makes sense in the discussion and what does not.

But best of all, you will then see the result and can review the trade until you have done it often enough to pick up patterns and the better way of trading. Thanks for all the time you put in to help others. April 3, at 1: April 3, at 2: Wow you truly are an inspiration Rayner! I was at my wits end like so many. And then I found you!!! This blog made be realise that I am not alone in this situation and best part, that there is an answer and hope!

I take this as a challenge and one day I will give my testimony thanks to your encouragement! April 3, at 4: Hi Rayner Lately I have been reading about Murrey Maths and followed it for a while I wonder if You ever used them. No trades when the price is off these extreme. Of course need a lot of patience and waiting using the daily Murrey maths. They seems to work decently well. What do You think? Then as You say discipline and all the rest is really the trick to be a successful trade.

All the best Aldo. April 4, at Your honest and genuine reflections on trading is priceless. April 5, at 3: April 24, at Thank you Rayner …. Your article hit the spot again.

Thank you for sharing your knowledge and experience. April 24, at 9: May 9, at Just finished reading this article and i must say what you have shared is very very useful for new traders like me. So, for new traders like me who have no idea of these topics, will discretionary trading and trend following system still give that edge? 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. May 9, at 9: Michael John Cruz says. May 11, at 9: I think failure to failure without losing of enthusiasm is the key to successful forex trading.

Many will quit before they become successful trader. May 12, at 7: June 2, at 4: I have been doing a similar thing trading pin bars and engulfing bars from support and resistance on 4hr and daily charts but getting no results. They very rarely occur on a chart leaving me with about trades per a month, which is obviously not enough.

Do you have any advice? June 2, at 8: You can look to trade it on the 4 hour and daily. They should provide enough setups on a monthly basis. June 8, at 2: Thank you so much for this article. Trading systems or styles are like sports. You cannot be good at any sport you try. Everybody can hit a ball. But you will not be Messi. Then focus on that sport, getting better and better every day.

June 9, at June 9, at 7: What you have written was exactly what I have gone through, Rayner…I am into my 7 years of trading, benelli supernova replacement stock on the losing end over the first 5 years even blowing up my accounts several times.

June 11, at 9: Hi Rayner, Just finished reading this article and I must say what you have shared is very very useful. I just started trading, us dollar and singapore dollar exchange rate StochRSI. The problem I face is how to find best stock to trade. I started going to BarChart to look for stocks with 52 weeks highs and with high trading volume. Well, till now I still not sure if this could help me.

The stock that I bought is trending up slowly. June 13, at 1: Thus, you want to focus on setups that make the most sense to you. Not just stocks breaking out of 52weeks high. One thing you could look at is the slope of the moving average, to give you an idea of the strength of the trend.

June 12, at 1: Thanks a lot for this Rayner. July 5, at 6: July 5, at 8: July 8, at 7: Im newbie in forex, just 1 month try fibo, price exchange rates history rand to dollar, supply demand.

Can give you advise to me. Even in short timeframe there is trend move right? July 9, at This will equip you with proper trading knowledge. July 9, at 7: July 10, at 2: July 25, at 5: I started following you this year and so far i have learnt alot than i paid for from many mentors. I guess i was running after people who didnt really care much about making me a trader but just taking my swiss forex apk download through their classes.

I blew all my accounts and currently budgeting and armed with many desciplines i learnt from you. Thank you very much man. July 25, at August 14, at 6: I can find myself within it: Sometimes I double or triple my account in no time and then lose it all.

August 15, at 1: August 28, at forex den para kazanmak I am fairly new to FX and it left me wondering several things. Since you seem to have failed using various methods, which method is it that you make money from trading now?

September 12, at 9: 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. 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. I found Rayner while looking for help to overcome macd indicator binary options xo at higher levels, a natural roadblock in trading psychology as everyone eventually finds out.

September 12, at 8: September 18, at Excellent article, thank you for sharing your experience. I often look at a trader,s psychology as a child going through their development stage. Where at each stage the trader matures and develops better insight into their attitudes to trading. September 19, at 5: October 5, at 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. October 6, at 2: October 30, at 4: By the way — very inspirational article. October 30, at November 6, at 9: November 7, at 2: November 9, at 5: I just made back all my loss in these 5 past year. However, I lost it all again last week about k USD.

November 9, at 8: Trend following is an approach with many small losses but, one winner is all it needs to pay off your losers. Thus, cutting losses short is mandatory to survive in this business. November 10, at 1: So, to find the right entry level is difficult. My timing always not perfect. Then I tried to average loss. I have to change my thought on this. November 15, at 9: February 12, at 2: February 13, at February 18, at February 22, at 3: February 22, at 5: February 22, at Just like you, Rayner, I tried the whole 9 yards.

I also found that longer timeframes worked better for me for stocks and ETFs weekly or monthly vs daily. I also found that I need to limit myself to trading no more than 8 different stocks simultaneously, or it is too much work to monitor everything.

Much less stress that way, for me, and only needing to check end of week prices when the weekly bars have formed.

March 4, at 8: I want to feel confident and have a strategy to recover my losses with good risk management Im passionate and would like to learn from you, the trend folllowing strategy. March 6, at 5: Have a read at my trading guides on the right-hand side of the blog. I believe those will help you immensely. March 25, at 7: I used it all like you, I think I was looking for which indicators had more colors than profitable ones.

Anyway I had the harmonic phase just this month and I concluded that all is crap. Take care and tks for the post. March 25, at 9: March 29, at 1: March 29, at 7: April 1, at 7: I have been following you sine 1 month your trading satragies are so good.

I am currently trading on forex market. But i also want to trade on stock markets. Can yo plz tell me which is the best stock broker. Can you plz tell me which is the best brokers for stocks for beginners. April 27, at 9: April 28, at April 30, at 2: Well done n keep going.

I had been trying to learn more on trading n hope I can soon be profitable. Thanks you for sharing your personal experience n imparting good knowledge in your trading to others … Cheers!!

April 30, at 9: April 30, at 3: Afternoon Rayner, This is Kgothatso all the way from South Africa i just read your journey as a trader very inspirational and it gives me hope to keep going, i have been introduced to you a month or so back by a fellow trader and am glad he did you are Real Rayner. In my year of trading i have never used an indicator fortunately and am not about to start. I saw ur previous video were u analysed Gbpnzd and Gbpusd making use of clean charts and continuation patterns bull flags this made me feel at ease finding a professional trader that incorporates these patterns in his analysis cause i do to but get some criticisms for using them saying that they dont work ….

As i take ur advise to surround myself with real traders!! April 30, at Thanks for your honest and motivational story. At least, we are well informed about trading forex. If you say we can do it, I totally agree with. You are a good teacher. Quite like what is been sold to us out there. I have spent a lot of money learning forex, but have not been able to make profit.

What I have learned from your weekly videos and your free books revived my confidence. I greatly thank you. You brought me back to actually learn how to trade forex. Please what time of the day is best to scan through charts to pick up setups.

April 30, at 8: Thanks for sharing your amazing experience and how you reached to this stage by series of trial and error. You rightly said, everyone initial thought was could enter Forex and easily make quick money trading both sides of the market. May 14, at 7: May 15, at 1: May 16, at 2: 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 ….

May 16, at June 3, at 7: I am about to begin my trading journey in a few days, honestly I am in the process of deciding on a strategy, but my problem is the more I think on strategy, I am into analysis paralysis mode, as every strategy has pro n cons, do you feel I should begin first, and then finalise a strategy…?

Want to make it big…. June 5, at 4: Take it one step at a time. June 9, at 4: This is just ecstatic, considering many educators charge a fortune with no guarantee of success but you selflessly offer your trading history, mistakes and turn around.

Many people, myself included can relate. Your email address will not be published. The Price Action Trading Strategy Guide. The Complete Guide to Trend Following. The Trend Trading Strategy Guide. The Support and Resistance Trading Strategy Guide. The Pinbar Trading Strategy Guide.

The Moving Average Indicator Strategy Guide. The Complete Guide to Becoming a Consistently Profitable Trader. The Complete Guide to Finding High Probability Trading Setups. The Definitive Guide to Trading Pullbacks and Breakouts. The Complete Guide to Risk Management and Position Sizing. TradingwithRayner A trading community dedicated to helping traders succeed.

Start Here Blog Analysis University Ask AskRayner Contact. Get The Ultimate Guide to Price Action Trading FREE. A powerful trading strategy that lets you capture momentum and ride trends How to tell when a BIG MOVE is about to happen by spotting this simple pattern How to identify hidden strength and weakness in the markets, so you can "PREDICT" market turning points.

Fill up the form below and download your FREE guide. Give it to me! January 5, By Rayner Comments My Story: After reading BuffettologyI was hooked. The secret to successful investing! Armed with my new found knowledge, I was ready to pounce the markets.

What a chicken I was. Now… …I had nothing to show for but a stench of bitterness. I am a fool. Those phrases kept playing in my head over the next few weeks. If you Google that long enough, forex trading websites would start appearing on your monitor. Why would I want to invest in a stock for years when I can buy and sell currencies in minutes! Bollinger Band My first trading strategy was using Bollinger bands to buy low and sell high, and take profit at the opposite end of the bands.

On hindsight, it looked something like this I thought this was the Holy Grail! Every chart that was posted made money. But it was only after I traded it myself did I realize that there was more than meets the eye. This then led me to trade raw price itself, the price action world. What should I do? The biggest problem I faced with price action trading was waiting. Harmonic Patterns What can I say?

There is no such thing as failure, only feedback. Here are some of the traits I learned about myself: The returns you get when you have an edge and a good risk management It felt darn good when I saw my account back into the green and growing after what seems like forever. To me, it is not the end but the beginning of a life-long career in trading. Yes, the journey is tough, the obstacles are huge and the heat is on.

So, what is your story? You Should Connect With Me Here 13, Members. Comments KM says January 5, at 8: I am still holding on to Sembcorp shares bought at 4. Thank you for your kind words Kent! Lastly i hope to seek more advise from in the coming days. Hi Weiren, Thank you for your support. Hi Rayner, Thank you for your prompt reply. I will definitely seek some advise to you. Hi Simon, I know the feeling is horrible.

If i can do it, so can you!

My Story: How I Lost 50% of My Capital Before Turning Into a Profitable Trader | TradingwithRayner

That way you can always strive to improve for the better. Hey Rayner great story! Feels exactly the same as I do as i have and still journeying through what u are doing as well. At the end of the story what is your working strategy now?

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I am most interested and i suspect this will help get our of the constant losses for us all. Hi Gary, Thank you. I am a trend follower and basically i only trade markets that are trending. But you could give it a shot and let me know how it goes. That takes alot of courage to fight back despite being a small account. Thank you for sharing your experience here.

Once again thank you for your kind words, much appreciated. Hi Hj, Thank you sooo much. Hi Alvin, Thank you, yes there is hope. If i can do it, anyone can! That includes you my friend. Hi Zac, I can totally relate to what you are going through right now.

It all begins with asking the right questions which clearly you already know what they are. Now is the time to put together the remaining pieces of the puzzle. It worked for me and i hope it could for you as well. I hope you give it a shot and keep me posted on how it goes. So keep it up! Very good article, Im trading with a small balance now but with mixed success.

Hi Yuxuan, Yes i have a feeling of doubt throughout these years, whether i can make it or not. May be a year of great returns to you.

Hi Yun, I understand what you are going through and i must say it is commendable to have that fighting spirit in you! Yes discipline and the hunger to succeed are key ingredients to make it in this business. Best of luck in your studies and trading! Hi, For beginners who have totally 0 clue on even where to start learning trading, can you please suggest where we should begin with? Hi Bao Sheng, I would suggest taking up the free course at babypips school.

Great to you see here as well my friend. So good on you! Feel free to pop by anytime buddy. Hi Shaukat, Thank you for sharing your story with me. You got it Eric! I thought that was a damn good quote. Hi Rayner, I like the blog and appreciate all that you share. But was fortunate to eventually adopt in to a trend following approach. Hi Rayner, The article was truly inspirational! Thank you for your effort! Hi Gandi, Thank you for your kind words, am glad you enjoyed it!

Hi rayner, Appreciate your article and it is very encouraging to me. Hi Louis, I am glad it is encouraging you and thank you for your kind words! Do fight on and let me know how you progress, would love to hear from you.

Hey there, Great post. I have a couple of questions. Thanks a lot man; looking to learn more here. Truly appreciate the short and sweet response. I have some further questions about your replies: Thanks for you time. I have losing streaks of 10 in a row before. If I am just starting out in FX, what would your recommended minimum capital be? Sorry for the wealth of questions, really eager to learn a lot here.

Hi Robert, I would highly encourage you to read through all my blog posts and watch about 15 videos back. It took me about 4 years to be profitable. Hopefully it inspires others to look at trend following. Hey weich, Thanks for stopping by.

I was just starting to gravitate toward price action. Is price action all bad? Hey Dale, A misconception about trading is that it can bring you fortune in a short period of time. Unfortunately that is further from the truth. In trading you need money to make money. And this is what I mean by you need money to make money.

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Regarding price action, first you need to define what is price action? Hi nobuo, Thanks for sharing. Your focus should be on following your trading plan flawlessly. Hello, I have been trading for 4 years now.

Hi Max, Thanks for reaching out. Hello Rayner, May I ask if your strategy is suitable for people like me who dont have alot of starting capital?

Looking forward to hear from you. Hi Jason, Yes you can start off with a low capital amount. Hello Tim, Thank you for reaching out.

It takes time to become a consistently profitable trader, but hey, its worth it. Anyway, your site is coming along nicely, great job! Hi Hugh, Thanks for reaching out. Hello Nikki, Thanks for reaching out.

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What i know now only IG, Onanda and CMC is locally based. Any advise on the brokers will be helpful. Hi Rayner, This is so encouraging as I have been struggling to be consistently profitable trading FX.

Also, on the question on broker, is it convenient for you to reveal the broker you are using? Thank you Wee Kiat. Hi Wee Kiat, Yes. Hi Izzo, You can check my performance here. Thank you for reply. Hi Izzo, I update it every months. Thanks for sharing your own Trading Experience…. I really wish you All the Best. Hello Kewin, Thank you for reaching out. I hope to hear more from you in the near future.

Hi Rayner, Enjoy your blog as it really reflects what i have been doing over the past few years. 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… Some of my favourite book on trend following are: Hi Kayson, Thank you for sharing your experience.

Hi Stephen, Thank you for reaching out. I appreciate the time you took to read the story.

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Hi Raja, Everything looks fine to me except your risk management. Hi Patrick, Its important to get a good solid foundation into trading before you attempt trading live. These 2 posts here will help https: I say your conclusion is very solid. I think to be best friend is Rayner and trends as concluded. Hello Sun, Thank you for your kind words, I appreciate it. Hi Kishor, The fear of loss is perfectly normal. Winners never quit and quitters never win.

Thanks for being inspirational. Hey Rayner, Thanks for sharing your story! Glad to know you found it useful.

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