[The secret to using multiple timeframes like a pro trader]
I’ll be honest.
I didn’t figure it out on my own.
Instead, I learned it from Adam Grimes and Alexander Elder.
So here’s the “secret”….
When you trade with multiple timeframes, your higher timeframe should be between a factor of 4 to 6 of your entry timeframe.
Confused?
No worries, I’ll explain…
Let’s say for example your trading timeframe is the 1-hour timeframe.
So, which should you reference as your higher timeframe?
1. Take 1-hour multiply by 4, you get a 4-hour timeframe
2. Then, take 1-hour multiply by 6, you get a 6-hour timeframe
This means your higher timeframe can be between 4 and 6-hour
Does it make sense?
Here’s another example:
Let’s say your trading timeframe is the 5-mins timeframe.
Which should you reference as your higher timeframe?
1. Take the 5-mins multiply by 4, you get 20-mins
2. Then, take 5-mins multiply by 6, you get 30-mins
This means your higher timeframe can be between 20 and 30mins
I’ll be honest.
I didn’t figure it out on my own.
Instead, I learned it from Adam Grimes and Alexander Elder.
So here’s the “secret”….
When you trade with multiple timeframes, your higher timeframe should be between a factor of 4 to 6 of your entry timeframe.
Confused?
No worries, I’ll explain…
Let’s say for example your trading timeframe is the 1-hour timeframe.
So, which should you reference as your higher timeframe?
1. Take 1-hour multiply by 4, you get a 4-hour timeframe
2. Then, take 1-hour multiply by 6, you get a 6-hour timeframe
This means your higher timeframe can be between 4 and 6-hour
Does it make sense?
Here’s another example:
Let’s say your trading timeframe is the 5-mins timeframe.
Which should you reference as your higher timeframe?
1. Take the 5-mins multiply by 4, you get 20-mins
2. Then, take 5-mins multiply by 6, you get 30-mins
This means your higher timeframe can be between 20 and 30mins
Intraday Trading: 4 Things You Must Know If You Want To Succeed
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Stop forcing trades when there’s nothing.
Instead, pick a level to trade where you’ll lose small when wrong—and earn big when right.
You pay less commissions, make less mistakes, and have less stress.
Instead, pick a level to trade where you’ll lose small when wrong—and earn big when right.
You pay less commissions, make less mistakes, and have less stress.
Market Wizards: 4 Things I’ve Learned That Improved My Trading Results
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[To be a pro trader, you must think independently]
One of the reasons why most traders fail is because they ask questions like these…
—Is exponential or simple moving average better?
—Should I buy Tesla stock right now or wait for a pullback?
—What is the best RSI setting?
You’re probably wondering:
“What’s wrong with it?”
Well, it’s a sign you cannot think independently. It shows you want to be spoon-fed so you can skip the “work” and go straight to profits.
Unfortunately, it doesn’t work that way.
Why?
Because in trading, there’s no such thing as “best”.
What’s “best” for me might not be right for you because of our different goals, timeframe, personality, etc.
So…
If you want to succeed in trading (or in business), you must have the ability to think independently.
So instead of asking “what” or “when” questions, learn to ask…
Why.
This means you want to ask questions like:
—Why did he apply this trading strategy only to the stock markets and not FX?
—Why did he use a 200-day moving average as a trend filter?
—Why did he use a 40% trailing stop loss?
Do you see the difference?
One of the reasons why most traders fail is because they ask questions like these…
—Is exponential or simple moving average better?
—Should I buy Tesla stock right now or wait for a pullback?
—What is the best RSI setting?
You’re probably wondering:
“What’s wrong with it?”
Well, it’s a sign you cannot think independently. It shows you want to be spoon-fed so you can skip the “work” and go straight to profits.
Unfortunately, it doesn’t work that way.
Why?
Because in trading, there’s no such thing as “best”.
What’s “best” for me might not be right for you because of our different goals, timeframe, personality, etc.
So…
If you want to succeed in trading (or in business), you must have the ability to think independently.
So instead of asking “what” or “when” questions, learn to ask…
Why.
This means you want to ask questions like:
—Why did he apply this trading strategy only to the stock markets and not FX?
—Why did he use a 200-day moving average as a trend filter?
—Why did he use a 40% trailing stop loss?
Do you see the difference?
Do you want to read the price action of the markets like a professional trader?
Then download a FREE copy of The Ultimate Guide to Price Action Trading.
You’ll learn how to better time your entries, “predict” marketing turning points, identify explosive breakout trades about to happen, and much more…
Click the link below and grab your copy, it’s free!
https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
Then download a FREE copy of The Ultimate Guide to Price Action Trading.
You’ll learn how to better time your entries, “predict” marketing turning points, identify explosive breakout trades about to happen, and much more…
Click the link below and grab your copy, it’s free!
https://www.tradingwithrayner.com/ultimate-guide-price-action-trading/
I tried chart patterns and failed.
I tried trading indicators and failed.
I tried harmonic patterns and failed.
I tried candlestick patterns and failed.
Eventually, I realized it was not the tools—but me.
And everything clicked.
I tried trading indicators and failed.
I tried harmonic patterns and failed.
I tried candlestick patterns and failed.
Eventually, I realized it was not the tools—but me.
And everything clicked.
Trading in the zone: 8 Powerful lessons I’ve learned from Mark Douglas
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[STARTING IN 12 HOURS]
Do you trade the US stock market?
Then join me at my free upcoming event called, Stock Trading Secrets.
Claim your free ticket here: https://www.tradingwithrayner.com/sts/
In this 2-hour webinar, you'll discover...
1. How to beat the markets and earn an extra 10%, 20%, or even 40% a year—without analyzing candlestick charts, reading financial reports, or studying technical analysis
2. How to grow your account to 7-figures and beyond even if you have a small starting capital
3. How to generate consistent profits during a bull market, bear market, or even a recession
4. A simple trading system to profit from the stock market—even if you have tried everything else and failed
So if you trade the US stock market or have plans to do so, then this event is for you.
Claim your free ticket here... https://www.tradingwithrayner.com/sts/
Do you trade the US stock market?
Then join me at my free upcoming event called, Stock Trading Secrets.
Claim your free ticket here: https://www.tradingwithrayner.com/sts/
In this 2-hour webinar, you'll discover...
1. How to beat the markets and earn an extra 10%, 20%, or even 40% a year—without analyzing candlestick charts, reading financial reports, or studying technical analysis
2. How to grow your account to 7-figures and beyond even if you have a small starting capital
3. How to generate consistent profits during a bull market, bear market, or even a recession
4. A simple trading system to profit from the stock market—even if you have tried everything else and failed
So if you trade the US stock market or have plans to do so, then this event is for you.
Claim your free ticket here... https://www.tradingwithrayner.com/sts/
[To be a pro trader, you must be willing to get your hands dirty]
Now:
Just because you came up with a hypothesis to your question, doesn’t mean it’s correct.
That’s why as a professional trader, it’s your job to validate your trading ideas (or hypothesis).
You’ve got to get your hands dirty and do the work like backtesting, forward testing, etc.
For example, you might wonder:
“Is a 10-week breakout better than a 50-week breakout in terms of returns relative to risk?”
Well, to find out you can do a backtest across a universe of stocks using these two parameters, and see which offers a better result.
To make your life easier, here are some tools you can use for backtesting…
Amibroker – A backtesting platform
Norgate Data – Data feed
Upwork – A marketplace to find programmers
Still, most of you won’t do it because it’s easier to solicit an opinion than to actually do the work.
The problem is, you’ll never know if it’s true, or not—that’s why you must be willing to get your hands dirty and do the work!
Now:
Just because you came up with a hypothesis to your question, doesn’t mean it’s correct.
That’s why as a professional trader, it’s your job to validate your trading ideas (or hypothesis).
You’ve got to get your hands dirty and do the work like backtesting, forward testing, etc.
For example, you might wonder:
“Is a 10-week breakout better than a 50-week breakout in terms of returns relative to risk?”
Well, to find out you can do a backtest across a universe of stocks using these two parameters, and see which offers a better result.
To make your life easier, here are some tools you can use for backtesting…
Amibroker – A backtesting platform
Norgate Data – Data feed
Upwork – A marketplace to find programmers
Still, most of you won’t do it because it’s easier to solicit an opinion than to actually do the work.
The problem is, you’ll never know if it’s true, or not—that’s why you must be willing to get your hands dirty and do the work!
Donchian Channel Strategies That Work
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How To Achieve Your Trading Goals
Learn More 👉 https://www.tradingwithrayner.com/trading-in-the-zone/
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“Losing trades is like diarrhoea. It's a pain in the ass but eventually, you have to let it go." – Unknown
Pump and Dump Strategy (The Essential Guide)
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[Be realistic and know that you won’t make money every day]
Here’s the thing:
A trading strategy seeks to exploit certain market conditions in order to profit from it.
(For example, Trend Following makes money when many markets are trending together.)
But as you know, the markets are always changing. One moment it could be trending, the next, it could be ranging.
In other words, you’ll make money when market conditions are favourable to you.
When it isn’t, your trading strategy will lose money—which explains why you won’t make money every day (as market conditions change).
Here’s the thing:
A trading strategy seeks to exploit certain market conditions in order to profit from it.
(For example, Trend Following makes money when many markets are trending together.)
But as you know, the markets are always changing. One moment it could be trending, the next, it could be ranging.
In other words, you’ll make money when market conditions are favourable to you.
When it isn’t, your trading strategy will lose money—which explains why you won’t make money every day (as market conditions change).
How to Read Price Action (For Dummies)
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If you take care of your downside, your profits will take care of itself.
Best Trading Books (for Beginners to Advanced Traders)
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[How to grow a small trading account (that nobody tells you)]
It’s easy to grow a small trading account.
Want to take $500 and double it within 2 days?
Want to make 50% a week?
It’s easy because all you need to do is risk a huge % of your account on each trade, and if the trade goes your way, BOOM—target achieved.
But here’s the thing…
Just because it’s easy doesn’t mean it’s feasible.
Sure, you can double your account in a few days. But, it’s also a matter of time before you give everything back to the markets, and more.
The solution?
Instead of looking for shortcuts, let time and money be on your side.
This means you’ll regularly add funds to your account and compound your returns.
It’s easy to grow a small trading account.
Want to take $500 and double it within 2 days?
Want to make 50% a week?
It’s easy because all you need to do is risk a huge % of your account on each trade, and if the trade goes your way, BOOM—target achieved.
But here’s the thing…
Just because it’s easy doesn’t mean it’s feasible.
Sure, you can double your account in a few days. But, it’s also a matter of time before you give everything back to the markets, and more.
The solution?
Instead of looking for shortcuts, let time and money be on your side.
This means you’ll regularly add funds to your account and compound your returns.
Do you want to learn how to systematically beat the markets?
Then get your copy of The Essential Guide to Systems Trading (For Non-Programmers).
You’ll discover systematic trading strategies that work so you can beat the markets consistently even if don’t know a single line of code.
Learn More 👉 https://www.tradingwithrayner.com/essential-guide-to-systems-trading/
Then get your copy of The Essential Guide to Systems Trading (For Non-Programmers).
You’ll discover systematic trading strategies that work so you can beat the markets consistently even if don’t know a single line of code.
Learn More 👉 https://www.tradingwithrayner.com/essential-guide-to-systems-trading/