Trading Strategy: How to Trade the Double Top Chart Pattern Like a PRO
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- Опубликовано: 9 июн 2024
- The Double Top is one of the most popular chart patterns but…
Most traders get it wrong!
Let me ask you…
Have you traded the Double Top pattern only to realize you’re short at the lows and the market continues to trade higher?
Well, that’s because not all Double Tops are created equal.
If you treat them the same, then you’ll find yourself losing consistently over again.
But here’s the good news:
I’ve created a new trading video that will teach you how to trade Double Top the correct way.
You’ll learn:
•The biggest MISTAKE traders make when trading Double Top and how to avoid it
•How to short at the absolute highs of a Double Top - with low risk
•When is the BEST time to short a breakdown and why
•A little-known technique to identify high probability Double Top trading setups (I’ve not seen anyone talking about it before)
Now…
Even if you don’t trade chart patterns, I suggest you watch this video because there’s a lot of practical trading techniques that you can apply immediately.
So go watch this video right now.
If you want more actionable trading tips and strategies, go to www.tradingwithrayner.com
Thanks for watching!
FOLLOW ME AT:
Facebook: / forextradingwithrayner
Twitter: / rayner_teo
My RUclips channel: bit.ly/2EFg5VN
I don't know who are the 5 people that gave this a thumbs down, but I do know they are the people that will be giving the rest of us their money.
i love how u make it simple to understand and apply...keep it up my guy
very clear and good explaination, Thank you!
Loved your videos, Very practical, Thanks
EXCELLENT INFORMATION AND ANALYSIS KEEP UP THE GOOD WORK
Another great video Rayner!
Just want to thank you for all your sharing, it has exposed me to the world of trading in a conducive and practical way. I certainly do hope your community continues to expand , and that many more people learn from yourself, to approach trading (& investment) in a more pragmatic manner, and to stay consistently profitable.
As a sg uni student (you know how expensive everything is) , I can't thank you enough for all the knowledge I have gotten from you, and your community, without having to pay a cent.
Can't wait for the Trader's Blueprint to arrive already haha
It has! Thank you :)
hey rayner teo, your strategies are beautifull man, i've subscribed your channel. keep it up and thanks for sharing your knowledge.
Very helpful 👍 and easily understood
Very good learnings as always thanks Brother.. ❤🙏
Awesome content. Thank you sir 👍
your the teacher in technical analisys great to learn from your videos
Sifu, thank you fore your teachings. I have learned a lot...
great & clean approach
very informative brother
thanks a lot
Your content is always helpful. God bless yaa
Yes my friend u teaching me the right way
Nice info bro Thnx
Very nice thank you
This is everything I was looking to confirm…trading double top and bottom with the trend
Excellent...tutorial...
Certified mastertrader rayner keep it up
Loved the video. Great job.
Awesome to hear that, Yourboy E!
Thank you
thank you sir
Great vid man! ;)
Hi Rayner, in your example of a double top in a downtrend, what is to say it's not a double bottom?
Thanks bro
💚Thanks man
Thank you bro
Cool stuff mate! Thnx
Thanks Rayner can I have your WhatsApp number
@Rayner Teo, i got confused when you said that we should trade double top inthe downtrend, i got a question to ask there. As i was taught about the double top pattern it must have one previous leg two tops and a neck in which after the break out retest then the leg we are trading must be equal or close to equal the previous leg. My question is, how do i find the previous leg in a strong downtred for a double top and if it has no leg then how can i call it double top pattern, please assist me
“Two pointed nipple” 😂 I love how simple his explanation is. Thank you and God bless you my friend
🙄🙄😂😂🤣😜
Sir Please put a video on double bottom pattern
👍👍👍❤️❤️❤️. Many thanks Rayner.
The way u explained is just awesome...but how to trade double top with the trend u mentioned, since double top itself is an origin of trend reversal ...kindly answer !!!
Agree. I often trade double top on downtrend with resistance. Thanks for sharing!
You're welcome, Thong An!
TY
Superb
when trading this pattern should we only do it at an area of resistance/support??
Hi Rayner when the double top or bottom is forming if the candle stick breaks below the first swing breaks back in can one trade still trade price pattern that's the question 💙
You are the best,
Cheers surenderatomer!
When we say double top should there a higher high before the reversal?
You can increase your odds by using MACD divergence as well
Excellent Rayner! Merci beaucoup de partager ton savoir! What you are sharing is so usefull ! I cannot understand people ( 2 only) able to tell is not so excellent! Great Rayner!
You are a god ....
I wanted to ask , for that double top on a downtrend market, how about that price refuse to go down and it goes up, just a double top but for a uptrend ? Wich one makes more sense ?
Sir, what is the target price of double top pattern
Omggg I gained profit just by watching this!!! Thank you ! I understood it but I really didn’t know when to enter and what my mistake was. So after watching this video I tried it and I got some profit 😭😭😭🙏🏾 Thank you so much Mr Rayner ❤️😍 x
Do you think theres a 4 hour double top on the Dow downtrend right now? Dow at 20,500
Also could you do a video on double bottoms please? Or does it work out the same way ? Xxx
It's the opposite of that strategy
Hi Rayner, how can we search for double top pattern stock? Any recommendation
FINVIZ.com has a Screener tool. Click on the Technical tab, and you can filter by pattern type. Double top is in the list.
can u pls tell me the points of entry
hey dude, are you still making new vids? i got a question for you my friend! lol :)
do you know why is it that the more a stock trades sides ways during lunch time, the more probab it becomes that it might break out?
My thoughts exactly Rayner, whatever the "reversal" pattern, always trade with the trend.
Countless head and shoulders on the EUR/USD but the trend still prevailed. Although the "Build-up" right before break-out is pretty great :)
hope to see you again here in the Philippines and sign my book of trading mentors by philip teo.
Isn’t that double top you drew for the downtrend also a double bottom which typically means price will increase? That’s what I see and why textbook says double tops are only in an uptrend
How is this compare to double bottom?? They look the same to me if you trade in a downward trend.
is there a specific time frame for trading DT or a preferable time frame?
They suck all over. I suspect the lower time frames are slightly better than the longer time frames though.
Please I need that book
What's the difference between double top and M
I'm fully statisfied with gave a like to you
Wow
Shorting Double top in a down trend is smart
🙏
Did this just happen with copper?
Tryed for
silver members
Not working G-pay..... India
Guide me
Rayner is the boss
❤❤
doesnt it become double bottom pattern in downtrend.....
hello sir. .. we want to see your wining rate over 100 trade and your avg risk reward ratio . we want to see your trading journal if you keep than
Rayner Teo ... sorry sir .. i am student i am learning right now. sorry if i made u angry
yes sir i will definitely do once i reach 100 trade traget
I believe at this point, The first rule is to define a profit target and a stop loss level. Many traders make the mistake of only identifying a target and forget about their stop loss.
Don’t make that mistake. In order to calculate your risk as explained in the next step strategy, you must have a stop loss level defined with blended model strategy. This is the only time you have a completely neutral bias, because It then becomes far too easy to place your exit points at levels that benefit your trade. learn a complete trading method that can help you make money for the rest of your life.
Hey hey ... whats up? Ma frieeendd
please explain with no of chart
Thanks for all your free inputs Rayner. For a newbie trader like me your videos is a great jump start for me. To inspire you to continue creating contents like this I had subscribe to your channel and will continually share your contents on Investagrams.
@WolfOfCebu
When I see double top I keep thinking a breakout new high
Thalaiva❤💯
8:59. That is not a valid double Top pattern. Double top is a reversal pattern, we CANT use it to trade continuation
Are u Singaporean?
Your channel have good quality info more than a book of forex i buy before,thanks
why we should wait for this much
I see most of these double tops videos are 5 years old. I wonder why (or I know why). For 3 years I have tested these on 4H forex pairs. I did 53 forward tests and labeled them with trading with the 200 EMA, against the 200 EMA or the 200 EMA was flat. It barely made around 0 $. I modified the criteria. If I see anything resembling a lot of momentum or a trend, they are not traded. I wanted to see a deep middle part before the second top, and I wanted to have the second top higher than the first with a rejection wick. Still nothing. 10 losses in a row.
Conclusion: Double tops do not work! Spare yourself a lot of time and leave it! Or just trade against them. Double top = long. Double bottom = short.
He has the world record for saying the word "right"
right
TQQQ anybody?
The truth is: by seeing a chart, nobody knows what is gonna happen next.