Do you like my free RUclips videos? Then you will love the Tradecademy! My course summarizes 16+ years of trading experience in a few hours. And you receive support from your mentor (me!) 7 days a week in our private chatroom: ► tradeciety.com/academy/ Thank you for your support and happy trading! The best book for technical analysis? My book is an Amazon bestseller with 5* reviews: www.tradeciety.com/book/
I had read your book many months ago. And started watching your videos two days back :) You are a solid man, straight to the point, no nonsense approach.
I watched 4 stop loss videos and your explanation was the most logical. Other people would say to use 2 to 1 ratio or 3 to 1 ratio, but it makes more sense to pay the stop loss based on a technical basis.
Exactly, you can't just do a blind 2:1 or 3:1 just because you want to. Actually sometimes a good trade can be a 2:1 risk, but still a good trade. The worse the risk/reward ratio it is, the more likely you are to win the trade. Seems like people forget that.
Great lesson regarding stop loss placement behind two or more natural barrier. I am current designing a point-based grading system approach to my setups. Not only will this pinpoint the high-quality setups, but I will adjust my position-size to reduce risk and maximize gains. This method you taught will incorporate very well into the grading method. Again, thank you so much for the stellar lessons! Cheers from Dallas, Texas!!
Count 5 candles back. If you're buying on a bullish market and subtract 3 pips from the lowest point then add your stop loss there then re-adjust as it keeps rising. On a bearish market. Count 4-5 candles then look at the highest possible point then add your stop loss there as the market keep going down. The key is to always readjust your stop loss and take profit and be aware of any retracements
Thank you, Rofl! Great video I didn't have a problem with the audio. Btw, I hope the webinars could have better audio sound as it's pretty quite sometimes. Thank you!
Trading sins😂😂😂 we are all guilty of em' If one may count the trading sins I've committed😨 I'd be winning a Ticket to Trading Hell.I think the *Risk a certain percentage of your account per trade* concept is the one which leads to traders using a fixed stop loss.This is the most informative stop loss lesson I've ever came across.Thank you guys👑
Avoid fake out and swiping traders out from trade is important to wait for possible pull back which happened in your 2 examples.. and then you can put more tight aggressive SL which I recommned
Rolf, the popular saying "cutting losses quickly", means to respect your own Stop and not necessarily closing the position before the original Stop is hit, right? (Even tho this sometimes work well). Cheers!
Hey Rolf, do you use inverted colours sometimes to provoque some kind of psycology trick in the brain? We are always between buying and selling and sometimes we "want" price to go our way. So would this color change trigger some more neutral approach to price action?
Do you like my free RUclips videos? Then you will love the Tradecademy! My course summarizes 16+ years of trading experience in a few hours.
And you receive support from your mentor (me!) 7 days a week in our private chatroom:
► tradeciety.com/academy/
Thank you for your support and happy trading!
The best book for technical analysis? My book is an Amazon bestseller with 5* reviews: www.tradeciety.com/book/
Book name
I had read your book many months ago. And started watching your videos two days back :)
You are a solid man, straight to the point, no nonsense approach.
I watched 4 stop loss videos and your explanation was the most logical. Other people would say to use 2 to 1 ratio or 3 to 1 ratio, but it makes more sense to pay the stop loss based on a technical basis.
Exactly, you can't just do a blind 2:1 or 3:1 just because you want to. Actually sometimes a good trade can be a 2:1 risk, but still a good trade. The worse the risk/reward ratio it is, the more likely you are to win the trade. Seems like people forget that.
This is by far the best video on setting a stop loss! I wish I would have seen it before I started trading. Thank you!
Great lesson regarding stop loss placement behind two or more natural barrier. I am current designing a point-based grading system approach to my setups. Not only will this pinpoint the high-quality setups, but I will adjust my position-size to reduce risk and maximize gains. This method you taught will incorporate very well into the grading method. Again, thank you so much for the stellar lessons! Cheers from Dallas, Texas!!
Count 5 candles back. If you're buying on a bullish market and subtract 3 pips from the lowest point then add your stop loss there then re-adjust as it keeps rising. On a bearish market. Count 4-5 candles then look at the highest possible point then add your stop loss there as the market keep going down.
The key is to always readjust your stop loss and take profit and be aware of any retracements
Thank you, makes much sense on placing stop.
Very well explained Rolf. Thank you.
Yes.. Cut loss at the point that prove we have "wrongly" entered the market. Thank you Rolf.
Your videos have changed how i trade. Thank you very much
The best stop loss lesson in the world - great video ... Thank you very much
Great video, thank you Rolf.
this video showed me how to set my stop loss. thank you.
Thank you, Rofl! Great video I didn't have a problem with the audio. Btw, I hope the webinars could have better audio sound as it's pretty quite sometimes. Thank you!
Thank you for the information...
From tamilnadu,india
I learned a lot from your videos. Thanks.. 🥰🥰🥰🥰
great video as usual.Thank you :)
great vid much love from jamaica
Great video.Thank you so much.
Thanks brother for wonderful information .....love from India
Thank you great video! Can you rell me which indicator you use for the daily central pivot point in TV please? There are many and im uncertain.
Thanks for the video instruction. Ckear and helpful.. I was wondering your thoughts on using ATR for stop loss? Thanks for your response and insights.
Trading sins😂😂😂 we are all guilty of em' If one may count the trading sins I've committed😨 I'd be winning a Ticket to Trading Hell.I think the *Risk a certain percentage of your account per trade* concept is the one which leads to traders using a fixed stop loss.This is the most informative stop loss lesson I've ever came across.Thank you guys👑
Trank you Rolf, hugs from Brazil.
Thanks Roberto :)
You are my idol. I am beginner. I am learning. I can't buy your course but i can learn a lot grom these videos
Thanks so much. How do you know which moving average to use? ie whether 20, 50 or 200 EMA?
Thank you so much Man
Hey man! I got your book today 👍🏻👍🏻
So on a downtrend you use the long position and on an uptrend a short? Red is the stop loss zone? Thanks
Does this apply to synthetic indices aswell?
Again thank you 😊
I think my pig whistles. You explained very well. Säänk you very matsch :D
Thanks
shouldnt we also use chart context to determine profit target? why we use chart context only for stop loss?
Love from heart brother
Hi,
Can you make a technical analysis on Etherum Classic?
Thank you so much.
Avoid fake out and swiping traders out from trade is important to wait for possible pull back which happened in your 2 examples.. and then you can put more tight aggressive SL which I recommned
I am watching your video from india 🇮🇳
As much as it pains me to say, you are sooo right. I have always used "dollar amount" to set me loss, it really doesnt work
Great that you realized it. Many traders will never get there
Rolf, the popular saying "cutting losses quickly", means to respect your own Stop and not necessarily closing the position before the original Stop is hit, right? (Even tho this sometimes work well). Cheers!
Yes, it could mean both :)
So where do you place the stop loss?
Hey Rolf, do you use inverted colours sometimes to provoque some kind of psycology trick in the brain? We are always between buying and selling and sometimes we "want" price to go our way. So would this color change trigger some more neutral approach to price action?
By the way, great content, as always. Thank you!
Thank you
Welcome!
What time frames is the best and which ones do you trade?
I trade all timeframes between 1H and Daily
@@Tradeciety okay, thank you
When should you move your stop to break even
I never do it
Please make a video on how to take profits
Great
Nice
great
Rolf, Thanks a lot , plz write down this concept in the form of Article , i will wait it.
Do you have any specific questions?
Not using a stop loss is like going to war without being armed.
gold
🍺🍺🍺🍺🍺🍺🍺🍺🍺