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Trading Strategy: How to Trade the Double Top Chart Pattern Like a PRO

696 ratings | 22818 views
The Double Top is one of the most popular chart patterns but… Most traders get it wrong! Let me ask you… Have you traded the Double Top pattern only to realize you’re short at the lows and the market continues to trade higher? Well, that’s because not all Double Tops are created equal. If you treat them the same, then you’ll find yourself losing consistently over again. But here’s the good news: I’ve created a new trading video that will teach you how to trade Double Top the correct way. You’ll learn: •The biggest MISTAKE traders make when trading Double Top and how to avoid it •How to short at the absolute highs of a Double Top — with low risk •When is the BEST time to short a breakdown and why •A little-known technique to identify high probability Double Top trading setups (I’ve not seen anyone talking about it before) Now… Even if you don’t trade chart patterns, I suggest you watch this video because there’s a lot of practical trading techniques that you can apply immediately. So go watch this video right now. If you want more actionable trading tips and strategies, go to https://www.tradingwithrayner.com Thanks for watching! FOLLOW ME AT: Facebook: https://www.facebook.com/groups/forextradingwithrayner Twitter: http://www.twitter.com/rayner_teo My YouTube channel: http://bit.ly/2EFg5VN
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Text Comments (36)
Odair Fernandes (2 days ago)
The truth is: by seeing a chart, nobody knows what is gonna happen next.
orapronobis (2 months ago)
Thong An (5 months ago)
Agree. I often trade double top on downtrend with resistance. Thanks for sharing!
Rayner Teo (5 months ago)
You're welcome, Thong An!
Yourboy E (5 months ago)
Loved the video. Great job.
Rayner Teo (5 months ago)
Awesome to hear that, Yourboy E!
Andre Gunawan (7 months ago)
two pointed nipple.. damn haha
Rayner Teo (7 months ago)
Cheers Andre Gunawan!
surenderatomer (8 months ago)
You are the best,
Rayner Teo (8 months ago)
Cheers surenderatomer!
brahmanzarek (10 months ago)
two pointed nipples :D
Arefin Sultan (11 months ago)
Simply Nice! Would you please instruct about divergence trading with reliable divergence indicators....
Michael Doherty (1 year ago)
Hi Rayner, in your example of a double top in a downtrend, what is to say it's not a double bottom?
KHESI FX (1 year ago)
If you may plz elaborate further on why should we put SL above high if a build up occurs in or near a support when trading double tops .... I just need to understand buildup
Troy Wills (1 year ago)
I don't know who are the 5 people that gave this a thumbs down, but I do know they are the people that will be giving the rest of us their money.
symantoable (1 year ago)
Loved your videos, Very practical, Thanks
Brandon Low (1 year ago)
Hi Rayner, how can we search for double top pattern stock? Any recommendation
Troy Wills (1 year ago)
FINVIZ.com has a Screener tool. Click on the Technical tab, and you can filter by pattern type. Double top is in the list.
SRINIVAS (1 year ago)
hey rayner teo, your strategies are beautifull man, i've subscribed your channel. keep it up and thanks for sharing your knowledge.
dippu franny (1 year ago)
hello sir. .. we want to see your wining rate over 100 trade and your avg risk reward ratio . we want to see your trading journal if you keep than
Giorgio Oleggini (3 months ago)
I believe at this point, The first rule is to define a profit target and a stop loss level. Many traders make the mistake of only identifying a target and forget about their stop loss. Don’t make that mistake. In order to calculate your risk as explained in the next step strategy, you must have a stop loss level defined with blended model strategy. This is the only time you have a completely neutral bias, because It then becomes far too easy to place your exit points at levels that benefit your trade. learn a complete trading method that can help you make money for the rest of your life.
dippu franny (1 year ago)
yes sir i will definitely do once i reach 100 trade traget
dippu franny (1 year ago)
Rayner Teo ... sorry sir .. i am student i am learning right now. sorry if i made u angry
Kawaljit Virdi (1 year ago)
can u pls tell me the points of entry
im cheeoh (1 year ago)
great & clean approach
Wei Jun Ng (1 year ago)
Another great video Rayner! Just want to thank you for all your sharing, it has exposed me to the world of trading in a conducive and practical way. I certainly do hope your community continues to expand , and that many more people learn from yourself, to approach trading (& investment) in a more pragmatic manner, and to stay consistently profitable. As a sg uni student (you know how expensive everything is) , I can't thank you enough for all the knowledge I have gotten from you, and your community, without having to pay a cent. Can't wait for the Trader's Blueprint to arrive already haha
Wei Jun Ng (1 year ago)
It has! Thank you :)
George Jr Manlosa (1 year ago)
Thanks for all your free inputs Rayner. For a newbie trader like me your videos is a great jump start for me. To inspire you to continue creating contents like this I had subscribe to your channel and will continually share your contents on Investagrams. @WolfOfCebu
Jay Twix (1 year ago)
Certified mastertrader rayner keep it up
Philippe Chazée (1 year ago)
Excellent Rayner! Merci beaucoup de partager ton savoir! What you are sharing is so usefull ! I cannot understand people ( 2 only) able to tell is not so excellent! Great Rayner!
Jet (1 year ago)
My thoughts exactly Rayner, whatever the "reversal" pattern, always trade with the trend. Countless head and shoulders on the EUR/USD but the trend still prevailed. Although the "Build-up" right before break-out is pretty great :)
Planning (1 year ago)
You can increase your odds by using MACD divergence as well
Michael Chaidemenos (1 year ago)
Cool stuff mate! Thnx
Senzo Mseleku (1 year ago)
Thanks Rayner can I have your WhatsApp number
Great video Rayner! I have a FREE Indicator for exactly this trading style: http://www.perfecttrendsystem.com/double-top-bottom-indicator
Rahul (1 year ago)
Nice info bro Thnx

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