Forex Tradingwithrayner

[chickenchopandrice]

think he got stopped loss since most his trades are trend following

 

[Perisher]

Yesterday was super volatile, going from negative to big positive.

 

[tradingwithrayner]

Hi Rayner,
What is your take of yesterday drastic movement.
TIA

Personally most of my long usd positions got stopped out.

Longer term view i'm still bullish on the dollar.

Rayner

 

[blurinvestor]

Personally most of my long usd positions got stopped out.

Longer term view i'm still bullish on the dollar.

Rayner

It looks like a classic cross pair tear. Did you take note of USD/JPY on that same time frame?
All the best.

 

[i'am in love]

Hi seniors, newbie here seeking some advise. Just want to find out what platforms are you guys using for your transactions? Local or overseas platforms? Is FXCM a reliable platform? TIA

 

[tradingwithrayner]

It looks like a classic cross pair tear. Did you take note of USD/JPY on that same time frame?
All the best.

Hi investor,

Sorry but what is a classic cross pair tear?

Usdjpy still below the multi year highs, a break above would be nice.

Rayner

 

[tradingwithrayner]

I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!

Rayner

 

[Kissmequick]

Hi Rayner

I enjoy following your outlook, views and simple trading strategy. Thanks for taking time and effort to put up these videos for those who are keen on trading using TA.

Happy trading and all the best to positive consistency returns

Regards
Kissmequick

 

[tradingwithrayner]

Hi Rayner

I enjoy following your outlook, views and simple trading strategy. Thanks for taking time and effort to put up these videos for those who are keen on trading using TA.

Happy trading and all the best to positive consistency returns

Regards
Kissmequick

Hi Kissme,

That's a nice nick by the way! You're most welcome and i appreciate your feedback. Cheers!

Rayner

 

[Kissmequick]

Hi Kissme,

That's a nice nick by the way! You're most welcome and i appreciate your feedback. Cheers!

Rayner

I just shorted EUR at 1.1000, SL 1.1300 TP 1.0600.

Staying with the major trend and been watching the 1.1000 recent hourly tops. If we fail to get past 1.1031 high, I reckon we can see a lower EUR in the coming days/ week. The bearish monthly candle may still be intact.

I am also a trend follower but would wait to enter on bounces n pullbacks after observing monthly,
weekly, daily and 1 hour charts.

Hope you don't mind me sharing my views here.

Cheers!

CUT LOSS at 1.1041 (26 Mar at 4.37 PM)

 

[tradingwithrayner]

I just shorted EUR at 1.1000, SL 1.1300 TP 1.0600.

Staying with the major trend and been watching the 1.1000 recent hourly tops. If we fail to get past 1.1031 high, I reckon we can see a lower EUR in the coming days/ week. The bearish monthly candle may still be intact.

I am also a trend follower but would wait to enter on bounces n pullbacks after observing monthly,
weekly, daily and 1 hour charts.

Hope you don't mind me sharing my views here.

Cheers!

Oh please not at all, i appreciate your sharing.

I think the eurusd trend is still down over the longer term.

The daily chart is respecting 20 & 50 ema and has bounced off repeatedly.

So will be interesting to see if it still holds..

Rayner

 

[Shalomp]

CUT LOSS at 1.1041 (26 Mar at 4.37 PM)

Hi Kissmequick,

thanks for sharing so new birds like me can learn. mind if i ask why u decided to cut loss at 1.1041? did u cut manually or u got stopped out?

have a good weekend!

 

[Kissmequick]

Hi Kissmequick,

thanks for sharing so new birds like me can learn. mind if i ask why u decided to cut loss at 1.1041? did u cut manually or u got stopped out?

have a good weekend!

Hi Shalomp

Manually cut out and not recommended . My ''assumption" was it appears to me that the EUR was attempting a higher high on the Hourly chart (after breaking 1.1031) thus justifying a new hourly uptrend line; and I could perhaps sell again at a higher bounce. This is a grave mistake on my part and I paid for it, but that's part of forex trading as a business.

Following that, after watching the failure at 1.1000 -1.1031, I took 2 short EUR positions at 1.0980 (break of purple trend line) and at 1.0924 (break of 100 SMA on the hourly) and will manage these positions over the candles for the coming NEW WEEK and NEW MONTH. My SL is at 1.1252 (-300 pips) and TP is open for monitoring.

(I am just a mini contract trader, just to keep me engaged and for kopi $)

Trades executed based on the above hourly chart with 100 SMA, 200 SMA and current trendlines.

Please bear in mind that the trading strategies which I just pointed out are entirely my own. I would not recommend it to anyone because we have different risk profiles and tolerance.

I have tremendous respect for Rayner's updates and commitments on this thread and I would prefer not to add additional distractions and postings to what he has already done here.Thanks for your understanding and to Rayner

Thank you and all the best to you out there on your trading journey.

Cheers

Kissmequick

 

[tradingwithrayner]

Hi Shalomp

Manually cut out and not recommended . My ''assumption" was it appears to me that the EUR was attempting a higher high on the Hourly chart (after breaking 1.1031) thus justifying a new hourly uptrend line; and I could perhaps sell again at a higher bounce. This is a grave mistake on my part and I paid for it, but that's part of forex trading as a business.

Following that, after watching the failure at 1.1000 -1.1031, I took 2 short EUR positions at 1.0980 (break of purple trend line) and at 1.0924 (break of 100 SMA on the hourly) and will manage these positions over the candles for the coming NEW WEEK and NEW MONTH. My SL is at 1.1252 (-300 pips) and TP is open for monitoring.

(I am just a mini contract trader, just to keep me engaged and for kopi $)

Trades executed based on the above hourly chart with 100 SMA, 200 SMA and current trendlines.

Please bear in mind that the trading strategies which I just pointed out are entirely my own. I would not recommend it to anyone because we have different risk profiles and tolerance.

I have tremendous respect for Rayner's updates and commitments on this thread and I would prefer not to add additional distractions and postings to what he has already done here.Thanks for your understanding and to Rayner

Thank you and all the best to you out there on your trading journey.

Cheers

Kissmequick

Hi Kissme,

Thank you for your kind words, much appreciated!

But i'm perfectly fine with traders sharing their analysis, especially so if it could help other traders out there.

So don't worry about it. After all what works for me may not work for everyone.

Cheers!

Rayner

 

[hoho85]

Very helpful videos. Thanks Rayner for sharing. Being a new trader in forex, please correct me if i am wrong, i would like to ask based on ur videos, the timeframe u look at normally goes across days and weeks. Can it be applied to intraday trading style? Do u do intra day tradings where u can share ur insights and tips for that? Hope its not too much to ask. Thanks in advance!

 

[tradingwithrayner]

Very helpful videos. Thanks Rayner for sharing. Being a new trader in forex, please correct me if i am wrong, i would like to ask based on ur videos, the timeframe u look at normally goes across days and weeks. Can it be applied to intraday trading style? Do u do intra day tradings where u can share ur insights and tips for that? Hope its not too much to ask. Thanks in advance!

Hi hoho,

You are most welcome.

I used to trade intra day but i've stopped doing it altogether. And the reason is because it doesn't really suit my personality.

The principles are the same and it can be applied to intra day as well, but with with increased transaction cost and frequency of trades.

Rayner

 

[tradingwithrayner]

This week I share with you what are the different ways you can enter a trending markets, and you can decide which suits you best.

I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!

Rayner

 

[Shalomp]

Hi hoho,

You are most welcome.

I used to trade intra day but i've stopped doing it altogether. And the reason is because it doesn't really suit my personality.

The principles are the same and it can be applied to intra day as well, but with with increased transaction cost and frequency of trades.

Rayner

Hi Rayner,

is it fair to say that a trader who shifts from a longer term to a shorter term perspective e.g from swing trading to intraday trading, his stop loss targets and profit targets will lower as well?

 

[tradingwithrayner]

Hi Rayner,

is it fair to say that a trader who shifts from a longer term to a shorter term perspective e.g from swing trading to intraday trading, his stop loss targets and profit targets will lower as well?

You are right in way Shalomp

For day traders they would probably be trading on the lower time frames, like 5 or 15mins charts.

And they would determine their stop loss on that time frame as well. And if they were to be flat for the day, they will close all positions within the same day.

So profit target wise would be smaller. However since they have a small stop loss too, their risk to reward can still be favorable.

Rayner

 

[tradingwithrayner]

How to Get a Job In Proprietary Trading?

Proprietary trading is when a bank, firm or other any financial institution trades on its own account rather than on behalf of a customer. The instruments traded can be anything from options, futures, currencies, derivatives etc.

Proprietary trading involves risking the firm’s capital, thus any profits or losses are borne entirely by the firm. [continue reading]

As always, comments are welcomed and encouraged. Cheers!

Rayner