7 Forex Trading Tips and Tricks (Become a Better Trader Overnight)
what is happening my friend so in this video I want to share with you seven of my best trading tips sure that will improve your trading results to keep watching ok then the first forex trading tip that I have for you is the number one type your treats near the structure of the market then let me share with you how not to do it right then first and foremost right often the marketers will look for a certain chat then let's say for example, rate 1 here is your stop loss the green is your entry point and blue is your tick called profit level so traders would see this chat and they say oh man's price is you know descending lower and lower let me know hop about what before me I know I miss the move so they go long in the green area right half of their stop loss at the red level, which is a distance from the highs and then, they aim at the closest down swing right which is a very common thing that you know the marketers would do but when you look at this a risk of rewarding the right prospect you can see there you are in fact risking this much you are risking much to make this very right, I would say risking a dollar to make like 40 cents right to really sure if you want to improve your risk of rewarding you want to trade close to the structure of the market which is the example I want to share with you this here is a lot better because if you look at it right now your stop loss level is at the same level as your profit level of the tick is at the same level here as well and the only difference is now that you are entering into a Very favorable trading venue you are entering into a market structure in this case, close to the right resistance you will not necessarily shorten right because you can want to wait for a standard reversal of candlestick as a shooting star a low engulfing pattern before you kosher then maybe the price can rise higher and then kissed down and close lower, from here you can see that not from a risk to reward point of view let's say you know it shuts down you come in somewhere here your stop loss is still at this level okay, let me just remove some line track, let's see what happens now is that you know it's not going to use a sell limit order you let the price rise and then go down and close the smaller somewhere you then your entry now be somewhere here and your stop loss is now here now that's your risk and your reward is now from your entry point to your target profit so now you can see that you're risking a dollar to maybe make a fifty dollar or even two bucks okay your risk to rec ompensa has been improved just because you are trading near market structures so that is what I mean by number one right you want to trade close to market structure to improve your risk to reward in your tree well so that is the first tip I have for you the second tip is this is that you want trade breaks with accumulate then what is built right let me explain to those of you who have been following me for a while now you are already a pro in this so a build it simply means writing a tight consolidation where the range of the candles gets smaller and smaller so you can see that here this blue box this is what we call a buildup on here this here is a sign of force cause if you think about it right price and resistance would generally have pressure on the right sellers looking for short resistance like for example in the previous example right I said no comerc iante may want to consider reducing a resistance in its market structure now what happens is if after knowing ten candles 1520 candles the price is still hovering in resistance which tells you well this tells you that the selling pressure is unable to push lower price that is because there are merchants are willing to buy and this higher prices is so the price can go down so this is a sign of strength because you know the price is still hovering a resistance certain buyers are willing to buy these higher prices willing to buy in front of resistance because they have the expectation that the price will break okay so this is a sign of strength whenever you see the price make forming a
accumulation well over here just before the leak this is a sign of strength in a market is likely to break another further variation of that right is what we call higher loss in resistance this is a sign of strength also notice that you see higher lows lowest highs lowest lows higher in resistance The concept is a bit similar to build but this time around is saying that buyers are willing to buy at higher prices that is why you see the higher basses resistance right then this is also another sign of right force and this is the tip for you the fourth tip that I want to share with you is what I call the first indentation so many times right the price that can end and if you break right you may have missed the right move if you did not get the break up, but do not worry because more often than not the right price will give you the chance to get back in r to catch the trend so in this case you can use the first pullback technique that I am about to share with you so you can see that here the price you did go out well then those of you who lost the move do not worry because more here the market offered you're an opportunity to get the long right by forming a bit of aa bull flag standard so what you can do is treat the first pullback the price does not break above this high swing you can look to stay very long, possibly your stop loss you know only at a distance from this low maybe somewhere here right a damper away from this low swing so this is what I mean with the first indent so do not worry, you know if you lose the Sure getaway rates there is always opportunity I want to say that there is a good chance that you can have opportunity to climb bought and catch the train well so this is the fourth tip for you the prime iro rewind the fifth thing i want to share with you is to set your stop loss immediately from the market structure because often what the traders do is say that we say the market is at a good interval they go long right price reaches the higher they go a lot more here where they put a stop loss they put a stop loss just below this level of support and that happens well the market could just as well not to lower lower trigger your stop the loss of ending continue more so it's okay so you do not want to put your stop-loss just below support or just above resistance is like asking the market you know comes my stop loss then I take my money it's free just fill your truth you do not want it so what you want to do is set your stop loss some distance from the market structure so how do you make it very simple you can see here in this example, the market here is someone in a range all the right marketers can see that you know it is in a certain price support area tested once twice three times well then you know four times well so that we can see that now this candle is over here this low has practically taken it down here here is lows here this loss and this loss here so this candle has practically cleared all the stop-loss right the stop-loss cluster below this area, so that's why I say you know you want to set your stop loss some distance from the market structure as you do this is very simple you Firstly you can only use the eyeball just look at the chat and see okay let's just give a certain distance from you I know from here to here I'll set my stop-loss somewhere right here is what you can do alternatively, you can use an indicator like the true true range that instead measures the volatility of the market r toss this indicator you are going to give you a certain X value call so what you choose is the right x value you can click what is this down to the right and then minus X so if the value is the price of market support level is one hundred dollars and let's say that X is ten dollars right you put your support at ninety dollars pretty simple, so that's how you really protect yourself from standing still hunted okay so that's the fifth tip I want share with you set your stops away from the market structure the sixth tip I want to share with you is a right entry technique to profit from the traders who break and then B will trap here is how it works so that's what I call it of Falls break the setup so you can see here resistance market area broke of resistance on this candle you can imagine this really at a point in time this candle was looking bullish at go so okay sorry, let me just redraw this search bullish something so the market has not closed yet
any middle way right troll a sure day the sellers to control push the lowest price and finally straighten closed so closed so that's why you got that candle here this can here's pretty much it can not here at one point instead I was really very optimistic my buyers are in the control stack merchants on the trail let's keep going going to the moon and then suddenly revert and closed lower here so you can see that the psychology of the markets now what happened is that the fugue traders who are long and now crawl because they buy the leak in a market makes reefer of 180 degrees so they are now stuck and if you think this same where did the trail traders put their stop loss The chances are that they might be this low here or even here for those of those who are really very conservative So what you can expect is that if the right market the price should conti nuar minor will hit this stop the others these sell stop orders which is the stop-loss orders of the escape traders and you would induce more sales pressure then that is why you can expect the market to continue lower is not guaranteed right , but it is a good chance that you will continue neither after that a false standard brick price so we can use this our fake break as well as an input trigger for you We know get you bought trends you know how long your poo bags and stuff like that is very useful and tree technique to use and this is a psychology behind the setup of fake bricks and the last tip I want to share with you is this even use limit order for a better reason to reward your strokes then let me share with you an example so you can see more here all right this is a euro yen chart for our time, as I know why it's okay here, then this is a very typical setup that marketers would treat prices in a certain support area coming through a support area now this step you test once and twice you may well ruin your your level of support that will be quite obvious and then this high-flap reversal is so high right it's suddenly just what you know massive reversal and close near this treble here now if you follow the techniques I'll share with you you want to set your stop- loss just below the level of support right you want to set some way cap so let's say you put it somewhere here now if this is going to be your stop loss, let's call it L and this is going to be yours entry, you can see that your risk your potential risk in this tree is very large well, you can see that this is the distance of your stop the loss of very very large right and if you do not want to change it and I can understand that because you know if you have a higher stop loss you have to reduce your size of the position so you know you still have to have a good risk management right you might not want to take one to take the trade because the stop loss is very big so what you can do is use a limit order to have a stop loss of title and to the right you can increase your position size on this stroke so that an example is let me just change that color let's say you decides to use a limb in order and you put him say a limit order somewhere here as you know a Fibonacci level as maybe justic of this low swing to swing high and you identify the 50% level mark only that's where you go enter the treatment your new entry is now here let's see is just one of the techniques you use now you what you will notice that your stop-loss right this distance of what has been reduced now is this is the dist your stop-loss ratio is okay and a risk to reward point of view you improved right instead of you knowing close to high is what you can do is use a limit order to get a better price level, so you know improve your risk of rewarding in the tree now the downside to this approach is that sometimes the market may not reach the level you are looking at mine especially if you set it at a very low level there is a down
probability that it really comes to that level and you can not get full and you may lose the move so this is kind of like a balance between where you think the market could go right and then have a better risk for reward in the right and beautiful trade as you know trying to get better overall return on it right so if you ask me well where you usually set a limit order an approximate guideline is this is right if you want to put it close to the market structure where the previous market structure is so in this case so you can see that here this was the previous market structure in this area of support there is a good chance the market could test again you can set it up at this level okay so this to be honest is obviously , choose right cherry so sometimes what you will see is that this level of support may not be so low that it may be somewhere here let's say in some place here ok so i would pretty much put a buy limit order at this support level okay, let's imagine now is this black line do you know how to climb higher to somewhere on this level right i would put a buy limit order at this support level or just before right and see if I can feel it and get a better price in comparison to buy near the top okay so this is another tip right to you skinny in order to improve your risk of rewarding your traits ok then just a quick recapitulation number right you want to get your treats near the market structure because you know in general you get a better risk to reward the right number one is because a stop loss is title and we never stop-loss title you can increase its size position and still risk the same 1% of a capital right compared to having a larger stop-loss right you have to decrease your position size to arr bait that same 1% of your capital number two you want to deal with leaks with cumulative number three lower lows in resistance is a string number sign for the for the first kicker right offers you the chance to catch the trend so many sometimes if the market does break try sometimes it may not retest back the previous resistance than support, for example, what you are looking for is a continuation trend trend as maybe you know a pattern of high right flag pattern to create a leak is to catch a boat and catch the trend this is the first boob at number five you want to set your stop loss immediately from the structure of the market because as I have said earlier you said your stop loss just below the low it will get triggered very easily to give you some buffer you know you can set it 180 are below the right lows for your fake stop-loss bricktini is a chance for you to really profit from the separation traders treatment right then if the price breaks up as the sea resistance any reverse and closed lower you know the traders who else leaks and now travel and you can actually take advantage of that by going shooting against yes your Treat Direction Right and Finally Right you can use limit orders to improve your risk of rewarding in your trade well So with that said, if you liked this this video well and you want to know more I suggest you put in my site here trading with Rainer calmly right here I share practically correct trading strategies and techniques to help you profit in the financial markets right markets and roll down little I recommend download these two coaching guides one is called the latest trend tracking guide well share with you how you can actually write massive trends in financial markets eiros and the other is more a price action trading as better time your entries and your outputs ok then going to my website download these two books right click on this blue button and I'll send it to your email address for free right and that's right if you have enjoyed this video right leave a thumbs up button yes sure sign up for my channel and If any questions for me, let me know below and I will do my best to help well this is what I'm going to talk about you soon
what is happening my friend so in this video I want to share with you seven of my best trading tips sure that will improve your trading results to keep watching ok then the first forex trading tip that I have for you is the number one type your treats near the structure of the market then let me share with you how not to do it right then first and foremost right often the marketers will look for a certain chat then let's say for example, rate 1 here is your stop loss the green is your entry point and blue is your tick called profit level so traders would see this chat and they say oh man's price is you know descending lower and lower let me know hop about what before me I know I miss the move so they go long in the green area right half of their stop loss at the red level, which is a distance from the highs and then, they aim at the closest down swing right which is a very common thing that you know the marketers would do but when you look at this a risk of rewarding the right prospect you can see there you are in fact risking this much you are risking much to make this very right, I would say risking a dollar to make like 40 cents right to really sure if you want to improve your risk of rewarding you want to trade close to the structure of the market which is the example I want to share with you this here is a lot better because if you look at it right now your stop loss level is at the same level as your profit level of the tick is at the same level here as well and the only difference is now that you are entering into a Very favorable trading venue you are entering into a market structure in this case, close to the right resistance you will not necessarily shorten right because you can want to wait for a standard reversal of candlestick as a shooting star a low engulfing pattern before you kosher then maybe the price can rise higher and then kissed down and close lower, from here you can see that not from a risk to reward point of view let's say you know it shuts down you come in somewhere here your stop loss is still at this level okay, let me just remove some line track, let's see what happens now is that you know it's not going to use a sell limit order you let the price rise and then go down and close the smaller somewhere you then your entry now be somewhere here and your stop loss is now here now that's your risk and your reward is now from your entry point to your target profit so now you can see that you're risking a dollar to maybe make a fifty dollar or even two bucks okay your risk to rec ompensa has been improved just because you are trading near market structures so that is what I mean by number one right you want to trade close to market structure to improve your risk to reward in your tree well so that is the first tip I have for you the second tip is this is that you want trade breaks with accumulate then what is built right let me explain to those of you who have been following me for a while now you are already a pro in this so a build it simply means writing a tight consolidation where the range of the candles gets smaller and smaller so you can see that here this blue box this is what we call a buildup on here this here is a sign of force cause if you think about it right price and resistance would generally have pressure on the right sellers looking for short resistance like for example in the previous example right I said no comerc iante may want to consider reducing a resistance in its market structure now what happens is if after knowing ten candles 1520 candles the price is still hovering in resistance which tells you well this tells you that the selling pressure is unable to push lower price that is because there are merchants are willing to buy and this higher prices is so the price can go down so this is a sign of strength because you know the price is still hovering a resistance certain buyers are willing to buy these higher prices willing to buy in front of resistance because they have the expectation that the price will break okay so this is a sign of strength whenever you see the price make forming a
accumulation well over here just before the leak this is a sign of strength in a market is likely to break another further variation of that right is what we call higher loss in resistance this is a sign of strength also notice that you see higher lows lowest highs lowest lows higher in resistance The concept is a bit similar to build but this time around is saying that buyers are willing to buy at higher prices that is why you see the higher basses resistance right then this is also another sign of right force and this is the tip for you the fourth tip that I want to share with you is what I call the first indentation so many times right the price that can end and if you break right you may have missed the right move if you did not get the break up, but do not worry because more often than not the right price will give you the chance to get back in r to catch the trend so in this case you can use the first pullback technique that I am about to share with you so you can see that here the price you did go out well then those of you who lost the move do not worry because more here the market offered you're an opportunity to get the long right by forming a bit of aa bull flag standard so what you can do is treat the first pullback the price does not break above this high swing you can look to stay very long, possibly your stop loss you know only at a distance from this low maybe somewhere here right a damper away from this low swing so this is what I mean with the first indent so do not worry, you know if you lose the Sure getaway rates there is always opportunity I want to say that there is a good chance that you can have opportunity to climb bought and catch the train well so this is the fourth tip for you the prime iro rewind the fifth thing i want to share with you is to set your stop loss immediately from the market structure because often what the traders do is say that we say the market is at a good interval they go long right price reaches the higher they go a lot more here where they put a stop loss they put a stop loss just below this level of support and that happens well the market could just as well not to lower lower trigger your stop the loss of ending continue more so it's okay so you do not want to put your stop-loss just below support or just above resistance is like asking the market you know comes my stop loss then I take my money it's free just fill your truth you do not want it so what you want to do is set your stop loss some distance from the market structure so how do you make it very simple you can see here in this example, the market here is someone in a range all the right marketers can see that you know it is in a certain price support area tested once twice three times well then you know four times well so that we can see that now this candle is over here this low has practically taken it down here here is lows here this loss and this loss here so this candle has practically cleared all the stop-loss right the stop-loss cluster below this area, so that's why I say you know you want to set your stop loss some distance from the market structure as you do this is very simple you Firstly you can only use the eyeball just look at the chat and see okay let's just give a certain distance from you I know from here to here I'll set my stop-loss somewhere right here is what you can do alternatively, you can use an indicator like the true true range that instead measures the volatility of the market r toss this indicator you are going to give you a certain X value call so what you choose is the right x value you can click what is this down to the right and then minus X so if the value is the price of market support level is one hundred dollars and let's say that X is ten dollars right you put your support at ninety dollars pretty simple, so that's how you really protect yourself from standing still hunted okay so that's the fifth tip I want share with you set your stops away from the market structure the sixth tip I want to share with you is a right entry technique to profit from the traders who break and then B will trap here is how it works so that's what I call it of Falls break the setup so you can see here resistance market area broke of resistance on this candle you can imagine this really at a point in time this candle was looking bullish at go so okay sorry, let me just redraw this search bullish something so the market has not closed yet
any middle way right troll a sure day the sellers to control push the lowest price and finally straighten closed so closed so that's why you got that candle here this can here's pretty much it can not here at one point instead I was really very optimistic my buyers are in the control stack merchants on the trail let's keep going going to the moon and then suddenly revert and closed lower here so you can see that the psychology of the markets now what happened is that the fugue traders who are long and now crawl because they buy the leak in a market makes reefer of 180 degrees so they are now stuck and if you think this same where did the trail traders put their stop loss The chances are that they might be this low here or even here for those of those who are really very conservative So what you can expect is that if the right market the price should conti nuar minor will hit this stop the others these sell stop orders which is the stop-loss orders of the escape traders and you would induce more sales pressure then that is why you can expect the market to continue lower is not guaranteed right , but it is a good chance that you will continue neither after that a false standard brick price so we can use this our fake break as well as an input trigger for you We know get you bought trends you know how long your poo bags and stuff like that is very useful and tree technique to use and this is a psychology behind the setup of fake bricks and the last tip I want to share with you is this even use limit order for a better reason to reward your strokes then let me share with you an example so you can see more here all right this is a euro yen chart for our time, as I know why it's okay here, then this is a very typical setup that marketers would treat prices in a certain support area coming through a support area now this step you test once and twice you may well ruin your your level of support that will be quite obvious and then this high-flap reversal is so high right it's suddenly just what you know massive reversal and close near this treble here now if you follow the techniques I'll share with you you want to set your stop- loss just below the level of support right you want to set some way cap so let's say you put it somewhere here now if this is going to be your stop loss, let's call it L and this is going to be yours entry, you can see that your risk your potential risk in this tree is very large well, you can see that this is the distance of your stop the loss of very very large right and if you do not want to change it and I can understand that because you know if you have a higher stop loss you have to reduce your size of the position so you know you still have to have a good risk management right you might not want to take one to take the trade because the stop loss is very big so what you can do is use a limit order to have a stop loss of title and to the right you can increase your position size on this stroke so that an example is let me just change that color let's say you decides to use a limb in order and you put him say a limit order somewhere here as you know a Fibonacci level as maybe justic of this low swing to swing high and you identify the 50% level mark only that's where you go enter the treatment your new entry is now here let's see is just one of the techniques you use now you what you will notice that your stop-loss right this distance of what has been reduced now is this is the dist your stop-loss ratio is okay and a risk to reward point of view you improved right instead of you knowing close to high is what you can do is use a limit order to get a better price level, so you know improve your risk of rewarding in the tree now the downside to this approach is that sometimes the market may not reach the level you are looking at mine especially if you set it at a very low level there is a down
probability that it really comes to that level and you can not get full and you may lose the move so this is kind of like a balance between where you think the market could go right and then have a better risk for reward in the right and beautiful trade as you know trying to get better overall return on it right so if you ask me well where you usually set a limit order an approximate guideline is this is right if you want to put it close to the market structure where the previous market structure is so in this case so you can see that here this was the previous market structure in this area of support there is a good chance the market could test again you can set it up at this level okay so this to be honest is obviously , choose right cherry so sometimes what you will see is that this level of support may not be so low that it may be somewhere here let's say in some place here ok so i would pretty much put a buy limit order at this support level okay, let's imagine now is this black line do you know how to climb higher to somewhere on this level right i would put a buy limit order at this support level or just before right and see if I can feel it and get a better price in comparison to buy near the top okay so this is another tip right to you skinny in order to improve your risk of rewarding your traits ok then just a quick recapitulation number right you want to get your treats near the market structure because you know in general you get a better risk to reward the right number one is because a stop loss is title and we never stop-loss title you can increase its size position and still risk the same 1% of a capital right compared to having a larger stop-loss right you have to decrease your position size to arr bait that same 1% of your capital number two you want to deal with leaks with cumulative number three lower lows in resistance is a string number sign for the for the first kicker right offers you the chance to catch the trend so many sometimes if the market does break try sometimes it may not retest back the previous resistance than support, for example, what you are looking for is a continuation trend trend as maybe you know a pattern of high right flag pattern to create a leak is to catch a boat and catch the trend this is the first boob at number five you want to set your stop loss immediately from the structure of the market because as I have said earlier you said your stop loss just below the low it will get triggered very easily to give you some buffer you know you can set it 180 are below the right lows for your fake stop-loss bricktini is a chance for you to really profit from the separation traders treatment right then if the price breaks up as the sea resistance any reverse and closed lower you know the traders who else leaks and now travel and you can actually take advantage of that by going shooting against yes your Treat Direction Right and Finally Right you can use limit orders to improve your risk of rewarding in your trade well So with that said, if you liked this this video well and you want to know more I suggest you put in my site here trading with Rainer calmly right here I share practically correct trading strategies and techniques to help you profit in the financial markets right markets and roll down little I recommend download these two coaching guides one is called the latest trend tracking guide well share with you how you can actually write massive trends in financial markets eiros and the other is more a price action trading as better time your entries and your outputs ok then going to my website download these two books right click on this blue button and I'll send it to your email address for free right and that's right if you have enjoyed this video right leave a thumbs up button yes sure sign up for my channel and If any questions for me, let me know below and I will do my best to help well this is what I'm going to talk about you soon
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