Discover Professional Price Action Strategies That Work So You Can Profit In Bull & Bear Markets—Without Indicators, News, Or Opinions

Your Trading Plan: This is the most important trading tool 

Last Updated: May 17, 2022

By Rayner Teo

When we talk about Trading plans, this is one of my favorite quotes from Peter Brandt…

What my positions are and why I put them on are FAR less vital than how I manage them. My edge comes from trade exit, not trade entry.

So… what does it mean?

It means you can have two traders taking the same setup.

And one made money… while the other lost.


Well, there are a few reasons:

  • You’re micro-managing your trades
  • You have the fear of losing
  • You’re trading without a trading plan

The good news is… you can fix this by following your trading plan.

You’re probably wondering:

Rayner, how do I develop a trading plan?

Don’t worry. I’m going to teach you step by step in today’s video.


This market could possibly break out of its all-time high (while being ignored by the media).

So, go watch this week’s analysis right now:

Your Trading Plan: This is the most important trading tool

I hope you’ve enjoyed this week’s market analysis.

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.


There are no reviews yet. Be the first one to write one.

  • OMG!!!! Now that today I started sticking to Trend trading, I found myself doing exactly what you wrote: micro managing because of Fear of loosing 🙂

    Your teaching today could not have been more timely (at least for me)! I realized what I was doing and have rectified my ways.

    Will report on my progress soon.

  • Great video as usual. It made me think about my exits & micro managing the trades, is something i need to fix when entering the trade to avoid making decisions based on fear..
    Just took the bund trade since daily closed above resistance, lets see how it goes¡
    Please keep up the good work¡

  • Gr8 to see you again. I m sorry my English is not very good couldn’t understand name of market other than silver in which you are looling for breakout.

  • Awesome video Rayner! This pattern has shown up across JPY pairs this week and looks to have trapped some bulls into longs as prices have broken the lows today for most pairs and continued lower, just as mentioned in the video, great stuff!

  • Hi Rayner, i have 2 questions,

    1. they always say “you must test your strategy before using it”, does it mean to test the “condition of setup” as mentioned in your 7 steps?

    2. If the condition is based on the close price of a bar, is there anyway to enter limit or stop order in advance? Cos the trade is ofter triggered by a spike instead of a close price.

    With deepest appreciation! Learned a lot from your video!

      • For Q2, what i mean is, for example, the entry rule is when H4 price close above MA20, does that mean i have to come back to check the price at the end of 4 hours? If i enter a buy stop order to queue up in advance, it is likely to be filled when price spikes, am i right?

  • Hi Rayner,

    Really looking forward to your next video – next week will be a very volatile week. Any tips to prepare for trading in such environments?


  • {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}