It’s been a hectic last couple of weeks from the preparation of our webinar to the enrollment in The Trend Following Mentorship Program.
But I’m glad we made it through!
Now back to trading…
This market that we’ve been talking about has a breakout in the market. So, I want to share how why I took this trade and how I’m looking to manage it.
Then… you’ll also learn:
- How to set a “correct” trading stop loss
- How to manage a trade from start to finish
- Why I’m never 100% sure of my trades which has led to my long-term survival
I’ve packed a lot of “nuggets” in this week’s market analysis on a breakout in the market, so go watch it below:
Breakout in the Market, How Far Will it Go?
I hope you’ve enjoyed this week’s market analysis on a breakout in the market.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
Do you want to learn a new trading strategy that allows you to profit in bull and bear markets?
In the Ultimate Guide to Trend Following, I will teach you this powerful trading strategy step by step, along with charts and examples.
You can download it here for FREE.
Nice video and what great in videoy is risk management u talked about…
Thank you, Jitesh.
Don’t hesitate to let me know if there’s anything, I’ll be glad to help.
Good day , I m still very new here, nice to hear from you .very much appreciative of your video.
If I can refer to the copper setup that you took on the daily TF.
The weekly TF is showing a clear downtrend with confirmation from both the two EMAS 20 & 50& price is at the swing high of the downtrend.
However in the daily TF , price actually had forms a short term trend that is uptrend with the 20&50 EMAS cross up &confirmation of higher high & higher Lowe . Momentum at the daily TF seems to be strong & when price hit the 200EMA , price consolidates & produce 3 trending up bars before the you took the short on the bear pin (false break of the 200EMA).
My question is when doing trend trade like this , how do we gel in the weekly TF trend & the daily TF trend, so as not to have a counter trend setup at the daily in such a case.
Sometimes the daily and weekly will be aligned and that will be even better.
Sometimes it doesn’t, and it will be your call if you still want to take the trade.
I’m comfortable with it as it meets my trading setup.
Thanks you Rayner .
You’re welcome, James.
Hi Rayne, thanks for the video. Learned much from it. I google around that not many broker have soy bean to trade. Any broker to suggest if u dont mind. I am pretty new to forex, thanks
Feel free to email me about brokers.
Thanks for the video sharing.
Can I know when to use 10EMA as trailing stop and when to use 20EMA as trailing stop?
What is the differences between these two trailing stop?
When price goes parabolic I’d prefer to be tighter in my trail stops, as it could retrace violently. That’s when 10 EMA would be useful.
Thank you once again for the simple yet detailed analysis on the charts!!
really appreciate your works!
You’re welcome, really glad to hear you find it useful 🙂
Thank you Rayner! 🙂
Don’t mention it, Shlomi.