[How to use trading indicators like a pro]

A mistake almost all new traders make is to add many indicators onto their charts, regardless of whether the indicators have a purpose, or not.

But as you know, having more indicators doesn’t mean a thing. Instead, they only add “noise” to your trading and make things more confusing.

So, the rule is this:

Every trading indicator on your chart must have a purpose.

For example…

If you want to identify the trend, then you can consider the Moving Average.

If you want to time your entry, you can consider Stochastic or RSI.

If you want to trail your stop loss, you can consider Chandelier Exit or Moving Average.

So, if there’s an indicator on your chart and you can’t find a purpose for it, exterminate it.

Are You About To Quit Trading

Learn More 👉 https://www.tradingwithrayner.com/are-you-about-to-quit-trading/

Share ✌️ t.me/tradingwithrayner

No one can consistently predict the markets, call tops and bottoms.

So just follow price. Ride winners. Cut losers.

You'll be much further ahead than trying to outsmart the market.

How To Draw Supply And Demand Zones (The Essential Guide)

Learn More 👉 https://www.tradingwithrayner.com/supply-and-demand-zones/

Share ✌️ t.me/tradingwithrayner

[How to use trading indicators like a pro]

You don’t want to have multiple indicators from the same category because they are correlated and doesn’t provide any new information.

That’s like trying to get your wife pregnant in one month by “firing” incessantly. It doesn’t work.

And it’s the same for trading.

So, the rule of thumb is this:

Have only one indicator for each purpose.

I’ll explain…

If you want to trail your stop loss, you can use either the Moving Average or Chandelier Exit — but not both.

Or if you want to time your entry, you can use either the RSI indicator or Stochastic, but not two together because they have the same purpose.

Does it make sense?

Do you want to read candlestick patterns like a professional trader?

Then download a FREE copy of The Monster Guide to Candlestick Patterns.

You'll discover how to "predict" market turning points and better time your entries & exits—even if you have no trading experience.

Click the link below and grab your copy, it’s free!

https://www.tradingwithrayner.com/candlestick-pdf-guide/

If you manage your risk, your profits will take care of itself.

If you don't, your parents will take care of you.

How To Grow A Small Trading Account

Learn More 👉 https://www.tradingwithrayner.com/how-to-grow-small-trading-account/

Share ✌️ t.me/tradingwithrayner

[The longer it ranges the harder it trends]

If you notice the price has been ranging for a long time, you’re not alone.

Traders all around the world will be seeing the same charts as you.

Some will be queuing to short the resistance, and some will be trading the breakout.

If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon.

That’s why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.

A Beginner’s Guide To Ichimoku Cloud Strategy

Learn More 👉 https://www.tradingwithrayner.com/ichimoku-cloud-strategy/

Share ✌️ t.me/tradingwithrayner

How To Tell When A Trend Will Reverse

Learn More 👉 https://www.tradingwithrayner.com/how-to-tell-when-a-trend-will-reverse/

Share ✌️ t.me/tradingwithrayner

In trading, you're not paid by the hour but, by doing the correct things over and over again. Don't forget that!

How To Tell When Support Will Break

Learn More 👉 https://www.tradingwithrayner.com/how-to-tell-when-support-will-break/

Share ✌️ t.me/tradingwithrayner

[When it comes to trading indicators, less is more]

Here’s the thing:

Having more indicators on your chart does not increase your chances of a winning trade but only gives you analysis paralysis and not taking the trade.

You’d probably get better results if you only had a handful of indicators on your chart!

That’s why we want to have an indicator that can single-handedly:

–Determine your entries
–Determine how you’ll take profits
–Determine your stop loss

Having fewer indicators keeps your charts clean and helps you make faster decisions which will make your trading process much more efficient.

The Ultimate Guide To Supertrend Indicator

Learn More 👉 https://www.tradingwithrayner.com/supertrend-indicator/

Share ✌️ t.me/tradingwithrayner

Many traders make the mistake of trying to find the best trading strategy.

In reality, it's about knowing yourself so you can find the best strategy to suit you.

The NO BS Guide To ROC Indicator

Learn More 👉 https://www.tradingwithrayner.com/roc-indicator/

Share ✌️ t.me/tradingwithrayner

[You don’t need to monitor your trades the whole day]

You might have heard the saying...

"You need to monitor your trades all the time to be a successful trader."

Nope.

Instead, you need a trading routine that works. One that doesn’t require you to stare at the charts all day.

So here’s a template you can use…

Example 1: You have a full-time job

–Weekends = Identify potential trading setups for the week
–Before work = Identify setups that are triggered and place your orders
–Lunch time = Check your portfolio and see if your trades are executed
–After work = Journal and review your trades

Now, what if you are a day trader?

Example 2: You are a day trader

–Before market hours = Identify potential trading setups for the day
–Market hours = Set alerts when the price comes to your level and trade it according to your plan
–After market hours = Journal and review your trades

Now…

Regardless of the type of trader you are, you must devote time to planning.

Because if you fail to plan, then you plan to fail.

Discover Professional Price Action Trading Strategies To Profit In Bull And Bear Markets

Learn More 👉 https://priceactiontradingsecrets.com/

There comes a point in trading where too much information hurts.

You must put what you know into practice, a plan, something concrete you can test, verify, and validate.

If you're not getting the results you want, take a step back and work with what you have—not add more.