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.
•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)
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!
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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.
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
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.
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 :)
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Leverage is available at Kraken up to 5x for several cryptocurrency pairs, including bitcoin. The fees are depending on the volume of the margin account.
Bitcoin can be traded on GDAX up to 5x leverage. The margin trading option must be manually turned on the account in order to make sure the users understands and reads the associated risks.
Margin trading is basically borrowing funds to purchase an asset, this allows you to buy more bitcoins that you would normally be able to do normally in the hope of making bigger profits on the price movements.
Advantages of Margin Trading.
The biggest benefit of margin trading is that you can take advantage of the additional funds when the market moves in the direction you expected. The overall profit of the positions once the bitcoins are soled and the loan is repaid is significantly higher compared to an ordinary trade execution.
Disadvantages of Margin Trading.
The disadvantage of margin trading is by nature the amount of risk a margin account can hold. The higher amount of leverage you take the bigger amount of money you can loose in case the market moves in an unfavorable way. Due to the margin call, the margin account must be funded countinuesly that involves significant amount of liquidity. It is only advisable to trade on marking if you have enough experience already on the market. To mitigate the associated risk, many trading platforms only offers limited amount of leverage trading opportunites.