I'll be hosting a live webinar where you'll discover how you can beat the markets and earn an extra 10%, 20%, or even 40% a year-without studying chart patterns or analyzing financial reports. Claim your free ticket here: www.tradingwithrayner.com/sts/
@@rodgerbroadwater5012 he is using 1 day chart. That's why he is saying "market open". I guess you could use it on any period but it the candle sticks that matter.
I just got into trading with a small account. This is the first channel where I feel that he speaks the 'truth'. Feels down to earth and tells you what you can expect which is NOT being rich by next week.
I just discovered your channel and am seriously impressed with the quality of these videos! By far your videos are clear, concise, and direct, unlike other channels. I'm looking forward to learning a lot from your channel.
Yes for sure and he doesnt water stuff down or play cheesy music while taking egotistical videos of blinging a rolex and a ferrari rented for the day to impress people. Self centered scammers like that are so annoying. Raynor is a breath of fresh air amidst all the scammers im used to seeing. You da man!
Hahahaa in the first days of discovering his channel, I did not understand him, I even unsubscribed his channel, but guess what? Now I have subscribed on it again and I ubderstand every content he shares
Man you’re helping me a lot great video, very well explained. In the most critical and important thing is I like the fact that every time you talk about some thing and explain something you give a visual example of what you’re talking about.
I use the RSI and bollinger band to ensure where I can sell or buy stocks as bollinger band strategy is also another super easy to do method. When you spice up the bollinger band with RSI alongside alligator, you'll have a pretty good knowledge of where the graph will lead you
That's an interesting little predictive criteria. He says "There aren't always a lot of trading opportunities", and I agree ... conditions have to be in a "sweet spot" to make a trade on this. But that's good for beginners, as they need to be picking their punches very carefully and doing a lot of observation.
Back Tested SP500 on a 5 minute timeframe and was able to get good results scalping this using pullback on RSI when it went back to the 40 level. Only did this on long orders. Results were about 88% as well but good risk and money management required. Will test other indices as well.
This strategy also works on bitcoin and crypto. I have coded in Tradingview and Python, you can check on my channel. It is really with high winning rate.
Not a single TH-camr explains these strategy so straightforward and clear this is really helpful for newbies like me and someone who needs to see clear examples of what a trading strategy should look like. Thank you.
Hi Rayner, I was just wondering if it'd be possible to trade this strategy on a lower time frame? And since the signals are so few one can work with several similar strategies with high win rate and low frequency. What d'you think?
Hi Rayner, I've been following for sometime now and I've really learned a lot from your videos and books. I was wondering if you organize trading programs for individuals who wish to immerse themselves in intensive, live learning that has an instructor? I struggle to master courage to apply your principles and I think that a one-on-one instruction will help to shorten my learning curve. I'd be glad to connect via email too
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.follow up name.
Stup up idiot It is easy to copy paste this comment that everyone has read. You are the person who pastes a comment about hard work yet here you are copy/paying a cliche comment.
Sir Rayner, good job. Very informative, and you are a honest straight forward guru. Youre just one of the few good people. Thank you Just want to ask what platform did you use now in tradinh? Thanks.
Your videos are helpful. I've been trying to trade for almost 4years but up to now I don't know where to go and find a reasonable mentor but now here you're Sir. Thanks once again
Great content !! Thanks for sharing such a great strategy and for explaining in simple terms how it works. We need more traders and contributors like you ! I will look at the rest of the content in your channel, it looks fantastic.
I have one with a 100% hit rate so far. Buy S&P, no stop, wait 30 years. EDIT: I made this comment before even watching the video. Of course I am being facetious. For every trade there is a risk/reward/probability payoff otherwise no-one would take the opposite side of the trade.
Got to be careful with trading daily open on daily time frame. Those long tails show a long move in the opposite direction which means a lot of sitting in the red with no guarantee of it coming back. You'd be far better to wait until it goes in the right direction after the initial open rather than just expecting it to.
What are your RSI 10 settings? I got automatic setting at undersold 20 and oversold 80. On Wiki they write about 40/80 bullish and 20/60 bearish? Thanks.
Which specific financial instruments is this supposed to work with? What date ranges were tested? Was slippage factored in? I tested this for the SP500 ETF 'IVV' without slippage from Oct 2009 to current and the win % is 64.10%. With slippage, it is ~60%. I also tested over individual SP500 stocks over the same date range and the win% is ~60%. That is, your system does not appear to perform anywhere near the win rate you mention.
I've recently started trading and using your channel as education, your content is super solid! After your MACD video I really did see the stock market in a different perspective! Keep up the good work!
@@serahfreeman1647 try to avoid mistakes okay this is not the right time to invest, crytocurrency is high in the market now. You're free to have a chat with my trading mentor on TELEGRAM @Joeblwrites
@@kelvinlingard713 I'm also a student in Mr joeblwrites online trading class. Success is possible with mr joeblwrites but it needs to be built on a firm foundation of knowledge grounded in real experience.
Just to clarify... this trading strategy only works with SPY? Or, can it be applied to individual stocks as well? I just looked at the recent 5-day trading range for SPY and the RSI 10 dropped below 30 on Nov 10 but then went back above 40 before close that day. How much money can a person realistically make using this strategy if/when the window between entry and exit is so short? If this strategy can be applied to individual stocks does it make more sense to target those with high IV?
Rayner, which date was your trade shown in your video? I search SPX and SPY but neither one has RSI below 30 in 8/2020! Is it daily timeframe in your video?
This is a good strategy but the S&P 500 rarely goes below 30 RSI on the daily chart. Last time this happened was November 2020. So unless this strategy worked on other stocks, it's not really tangible
I backtested the Strategy from 2010/1/1 until now. Total performance : 74% (4.5% yearly). win-rate : 72% with average win : 0.87% average loss : -1.18%. Max DD : 14% Sharpe Ratio : 0.525 The strategy is horrible compared to just buy and holding (271%)
*_I am from singapore man , Glad you are not scamming people like all those ads we get before your video loads. Hope to meet you for a drink and chill_* :)
Is there an alarm that tells you when criteria are meet for this strategy? At 6:40 you have the historical data of each time criteria are met.. just wondering if there is a way to be notified.. either for a selected etf out for all etfs
Rayner, how do you set your stop with this strategy? Also does it only work on ETF’s on the daily or can it be used on equities on, say, 10min timeframe? Any extra nuggets of information to complete the picture would be great. Anybody who’s traded for even just months knows that the whole point of trading is all about learning to maximize wins and minimize losses, so we need exit strategies for when things don’t go as planned please?
There is no stop loss. Do not trade like this. Sooner or later you will be trapped in a trade that loses more money than you would have thought possible.
Will you please explain with a few examples : What strategy one should adopt if on the day of entry [ i.e.10P RSI below 30 on previous day ] price opens gap up as your buying will be @ higher level [ & closes down quite a bit lower ]
Not sure why the exit is set to RSI >40 when the probability of reaching an RSI >60 whilst in profit, is still fairly high and exits reach higher profit levels due to the upward skew bias of the market
Hi Rayner, thanks for the video, does this work with forex too, also, which time frame is it best? And how about stops where do you place them with this strategy ?
Evey pair has different things it respects, no timeframe is best. Lower is more choppy and less reliable. The higher the Tf the more reliable signals indicators and price action. Place your stop below large price actions, s/r levels, previous lows or highs or fib levels. Go and backtest a strategy on every pair or market you want to trade to know if it works
It would help if you so showed us examples of when the pattern fails. We could compare and see if we’re actually doing this right or if we missed something. Also, 36 trades are too small a sample pool to have a solid grasp as to the actual success rate. Any chance of doing a few more and update to see how it goes? Thank you very much for the videos and information. Truly appreciated :)
Quick question, why do you exit when RSI is above 40 rather than exiting when RSI is above 40 AND the first downward trend has started so you can ride the bull for longer?
I backtested this, and your test seems to be slightly wrong. It missed an entry on 1996-07-12 and 1996-7-19 exit. That said, this strategy is still very profitable with SPY on the daily chart. Appreciate the knowledge as always.
Hey Rayner.. Good strategy. One comment though: You didn't touch on how to set up SL in case the pullback deepened. Will it be 1-3 ATR below the previous day's low? Or somewhere below the 200MA? Or others? Appreciate your comment. Thanks.
I asked him that question and he said that it is actually not so important, because that isn’t a meaningful difference between SMA and EMA. But he used the 200 and 50 EMA.
Hey Rayner , Can this system apply to 1)individual stock and 2) do shorts trading in order to get more trading opportunities? Like this simple system and thanks for sharing. Appreciate if you can share more proven back test systems to help person with less time and not full times Traders. And please tel us the winning % as above video.
Hi Rayner, great strategy. What I noticed, however, is that even if the closing RSI is below 30 and the price is above the 200 EMA, one should check if there is a huge descending trend (several red daily candles in a row). In this case, my advice is to avoid to open a position...
yes, and if you followed the rules you come out with a minimal loss. on my backtest, i lost less than 2.5% of my account. Very minimal loss considering if you held.
also, you must have done the strategy wrong because on 2/20/20, the RSI showed that SPY was way overbought. It was not in the range to buy yet until 2/26/20. 2/25/20 showed that SPY was under bought which gives you confirmation to buy the next day.
Love your valuable contents👍...thanks so much🙏. Just a small suggestion, please remove your mic from the center of the frame, it will make it much nicer to watch. 😁😁
Hey Raynar, are you sure this works? I'm looking at SPY on the daily on 2/24/20 and when it crosses below 30, it moved down quite a bit before popping back up.
I'm a little confused. Do we check if the S&P is above 200ma if we are trading other stocks or does this rules just apply to the stock you are trading?
Suggest Rayner make a video to give deeper teaching of this tactic since so many of us interested. At the same time to clear most doubts of the comments below ...Tks !
Set up a scan to find stocks that are crossing ABOVE the 30 RSI - also make sure the average daily volume is above 250,000! I've been using this strategy for several years and it works great. Sometimes you have to wait several days but one of the keys is to make sure it's crossing ABOVE the 30 RSI. A stock can remain oversold (below 30 RSI) for a long period of time, which can cause you to lose money. Once I enter the trade I start using the bollinger bands and hold until the price approaches the upper band.
What moving 200 day average, do you use the sma,,ema, weighted? Also, where is the stop loss? What happens if the market just keeps going lower after you enter?
its important to understand that trading is about winning and losing and there is always risk involved. in some cases, you could more than your initial investment on a trade if not done properly . There are no easy strategies which are going to make you rich over night, as trading is not a 'get rich quick scheme' however through trial and error over time experts like Mr wilson have sprung unto the scene with suitable styles and strategies that have proven to work over and over again. Mr wilson understands the risk of trading enabling him to reduce losses to next to nothing . if you need help trading either cause you cant or can not make consistent profits i would recommend you contact Mr wilson for help, 1 9 1 7 5 63 8 3 3 8 , text him on WhatsApp
Is it daily? It appears it's showing a few months, you can see June-August on the chart. RSI changes significantly if we change time period. Which is is Rayner.?
Hey reynor , I use this strategy on regular basis got some good returns. can you please provide SL if its starts falling more one of my stock I stucked at -10%.
All of these rules are the basic any trader should know. But, if you're a swing trader or buy-hold investor, in my experience, waiting for RSI to dip below 30 (and for shorter period), you might as well never buy the stock... especially if it's on bullish run and you're trying to catch up. I don't recall ever bought any stock at bottom. But because I don't day trade, I ride along the graph and eventually prices are higher.
If i have trading strategy that wins 90% of the time but when i lose i lose 90% of my investment how much do i need to win in those 90% positive outcomes to break even? If it is a long term winning strategy how do i size my trades to avoid volatility wipe out? How long if i lose does it take me to get money back? Those are the questions that must be answered. You can back test these strategies (video maker must have got his # from somewhere) but one more question; what happens when everyone uses this strategy? Will it be easier or harder to have predicted outcomes?
I tested this in a few places including s&p with the exact parameters. I found many times the price continued to dip a lot lower with the RSI staying below 30. Sometimes for days. People with small accounts could easily get stopped out and lose a lot money following this. Even without being stopped out sometimes it takes 10-14 days to start going back up.
#1: Nobody should be trading futures on a small account, it's suicide. #2: You should use the concepts presented in this video to trade individual stocks and you'll increase your frequency of trades and overall returns (as explained at the end of the video).
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I'll be hosting a live webinar where you'll discover how you can beat the markets and earn an extra 10%, 20%, or even 40% a year-without studying chart patterns or analyzing financial reports.
Claim your free ticket here: www.tradingwithrayner.com/sts/
can you do the inverse of this as well?
@@rodgerbroadwater5012 he is using 1 day chart. That's why he is saying "market open".
I guess you could use it on any period but it the candle sticks that matter.
How can it only be 36 trades in 14 years ? That's low. You can do 6 /7 trades a month.
Also what time frame do you use for this ?
Definitely will join! Thanks for the free ticket... 👍
I want a book plz
I just got into trading with a small account. This is the first channel where I feel that he speaks the 'truth'. Feels down to earth and tells you what you can expect which is NOT being rich by next week.
Please update your results❤️❤️❤️
hey bro I’m trading options with only $100 😝
I have a $48 NIO call rn and i went in blind so I’m hoping it goes high 🤞🏻
and hows ur trading now lmao
@@LukeRosee He got fucked with that stock.
Do you have more videos about RSI?
I just discovered your channel and am seriously impressed with the quality of these videos! By far your videos are clear, concise, and direct, unlike other channels. I'm looking forward to learning a lot from your channel.
Agree
Yes for sure and he doesnt water stuff down or play cheesy music while taking egotistical videos of blinging a rolex and a ferrari rented for the day to impress people. Self centered scammers like that are so annoying. Raynor is a breath of fresh air amidst all the scammers im used to seeing. You da man!
I want to trade so bad but I don’t even know where to start.
@@DA-db9bi same her I wonder how when I'd be good
@@janelouis1905 I think I know someone that you can teach you very good
took me over a year to understand you, now I do with your wisdom, keeping it simple
any chance you can explain this to me? I'm lost still trying to understand it
Hahahaa in the first days of discovering his channel, I did not understand him, I even unsubscribed his channel, but guess what? Now I have subscribed on it again and I ubderstand every content he shares
Man you’re helping me a lot great video, very well explained. In the most critical and important thing is I like the fact that every time you talk about some thing and explain something you give a visual example of what you’re talking about.
I use the RSI and bollinger band to ensure where I can sell or buy stocks as bollinger band strategy is also another super easy to do method. When you spice up the bollinger band with RSI alongside alligator, you'll have a pretty good knowledge of where the graph will lead you
i think both are not enough for an entry or exit, someone they can give u false signals if used alone without any other confirmation
That's an interesting little predictive criteria. He says "There aren't always a lot of trading opportunities", and I agree ... conditions have to be in a "sweet spot" to make a trade on this. But that's good for beginners, as they need to be picking their punches very carefully and doing a lot of observation.
your honestly better than any school teacher ive ever had. youre actually teaching us a life skill thank you and i appreciate you
That is so amazing . Keep researching and experimenting because you are helping me and many traders around the world . Thank you so much .
Back Tested SP500 on a 5 minute timeframe and was able to get good results scalping this using pullback on RSI when it went back to the 40 level. Only did this on long orders. Results were about 88% as well but good risk and money management required. Will test other indices as well.
How're you getting on?
@Alecia penta 😆😅....
What is sp500 please
do I wait till the next days open or could I trade mid day?
This strategy also works on bitcoin and crypto. I have coded in Tradingview and Python, you can check on my channel. It is really with high winning rate.
Not a single TH-camr explains these strategy so straightforward and clear this is really helpful for newbies like me and someone who needs to see clear examples of what a trading strategy should look like. Thank you.
coz it's easily available on Larry Connor's book and it has a lot of flaws too
Check out trading rush channels
ong
on mah mama
pushing P my brudda
Hi Rayner, I was just wondering if it'd be possible to trade this strategy on a lower time frame?
And since the signals are so few one can work with several similar strategies with high win rate and low frequency.
What d'you think?
Still the best coach/mentor for me. Big up Rayner.
Hi Rayner, I've been following for sometime now and I've really learned a lot from your videos and books. I was wondering if you organize trading programs for individuals who wish to immerse themselves in intensive, live learning that has an instructor? I struggle to master courage to apply your principles and I think that a one-on-one instruction will help to shorten my learning curve. I'd be glad to connect via email too
Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.follow up name.
Stup up idiot
It is easy to copy paste this comment that everyone has read.
You are the person who pastes a comment about hard work yet here you are copy/paying a cliche comment.
Love you
Love you man
Thanks you too!!
@@makemeasandwitch1231 you shut up it’s easy to tell this is a bot
Sir Rayner, good job. Very informative, and you are a honest straight forward guru. Youre just one of the few good people. Thank you
Just want to ask what platform did you use now in tradinh? Thanks.
I'm smashing the like button everytime I hear "HEY HEY WHATS UP MY FRIENDS "...
Frens *
@@williamrogers4538 fren*🤣
Bro i love his opening
So ultimately you hit it and like it, hit it again And unlike it.... and keep doing this... so what'd you end up at? A like or non-like?
I love his intro. Hey hey what’s up my friends ❤️❤️
I have never followed any other channel the way I follow your tutorials. God bless you mate :)
Is this strategy specifically for S&P500?
@@sohrabkhan6889 2:12
Your videos are helpful. I've been trying to trade for almost 4years but up to now I don't know where to go and find a reasonable mentor but now here you're Sir. Thanks once again
4yrs and still looking for a mentor? (A newbie question since i just got started at trading)
Great content !! Thanks for sharing such a great strategy and for explaining in simple terms how it works. We need more traders and contributors like you ! I will look at the rest of the content in your channel, it looks fantastic.
;;;;;
I have one with a 100% hit rate so far. Buy S&P, no stop, wait 30 years.
EDIT: I made this comment before even watching the video. Of course I am being facetious. For every trade there is a risk/reward/probability payoff otherwise no-one would take the opposite side of the trade.
All in 😎👍🤣
Edward Jenner , I am 75.
Buy bitcoins at 1 cent
@@mawavoy better start drinking your V8 juice!
@@GD15555 how do I buy
And I looked back into spx, and on august 2019, the rsi never pulled back to 30. correct me if im wrong? i also put the length to 10 on tos
So that would be a losing trade..
Got to be careful with trading daily open on daily time frame. Those long tails show a long move in the opposite direction which means a lot of sitting in the red with no guarantee of it coming back. You'd be far better to wait until it goes in the right direction after the initial open rather than just expecting it to.
What are your RSI 10 settings? I got automatic setting at undersold 20 and oversold 80. On Wiki they write about 40/80 bullish and 20/60 bearish? Thanks.
Which specific financial instruments is this supposed to work with? What date ranges were tested? Was slippage factored in?
I tested this for the SP500 ETF 'IVV' without slippage from Oct 2009 to current and the win % is 64.10%. With slippage, it is ~60%. I also tested over individual SP500 stocks over the same date range and the win% is ~60%. That is, your system does not appear to perform anywhere near the win rate you mention.
Tell me the time frame that works perfectly for this strategy so that I can practice first
I've recently started trading and using your channel as education, your content is super solid! After your MACD video I really did see the stock market in a different perspective! Keep up the good work!
Your video has been helping me, it is advisable to buy bitcoin now
@@serahfreeman1647 try to avoid mistakes okay this is not the right time to invest, crytocurrency is high in the market now. You're free to have a chat with my trading mentor on TELEGRAM @Joeblwrites
@@kelvinlingard713 I will be glad if i have your contact, for easy communication.
@@kelvinlingard713 I'm also a student in Mr joeblwrites online trading class. Success is possible with mr joeblwrites but it needs to be built on a firm foundation of knowledge grounded in real experience.
Interesting👍
Just to clarify... this trading strategy only works with SPY? Or, can it be applied to individual stocks as well? I just looked at the recent 5-day trading range for SPY and the RSI 10 dropped below 30 on Nov 10 but then went back above 40 before close that day. How much money can a person realistically make using this strategy if/when the window between entry and exit is so short? If this strategy can be applied to individual stocks does it make more sense to target those with high IV?
Very good my friend! For sure your shared insights have been helping us a lot 😃
I looove youraccent and the way you explain, its so simple for me to understand as a beginner. Please keep going ❤️
Hi
What’s the exit criteria for stop loss? How do you do MM?
Thank you so much for the strategy, today i made 100% return in options using your startergy. Thanks a ton
Rayner, which date was your trade shown in your video? I search SPX and SPY but neither one has RSI below 30 in 8/2020! Is it daily timeframe in your video?
Your intro always makes my day 😅 "hey heeyy!!" I love it man
@@5daycrypto240 wait something doesn't seem right with this
What I want to know is does the indices follow each other like does the S&P the DOW or the Russel ?
raynar does this strategy work intraday ? say if you see 10 period RSI oversold on the hourly chart how might you tweak the entry and exit?
Hi Rayner. Thanks for this video. What date range do you recommend to use this for?
This is a good strategy but the S&P 500 rarely goes below 30 RSI on the daily chart. Last time this happened was November 2020. So unless this strategy worked on other stocks, it's not really tangible
Works like a charm in crypto! At least 3 opportunities per day, per coin
@@jinxz183 how’s it going now did you happen to track success rate ? Thanks
Really like this system - trading mechanically is the way to go as it filters out most of the noise
youd be suprrised to know that most of the noise is from trading algorithms. Some algorithms are literally built to create noise lol
@@ultimategamer7859 wdym by "noise" emotions?
@@futuretrunks3158 Noise as in distorting patterns of the select equities or whatever to stop rival funds algos from working.
What setup will you use to find pullback opportunities using TOS platform screener
Does this only apply for Indexes or can it be used for stocks as well?
I backtested the Strategy from 2010/1/1 until now.
Total performance : 74% (4.5% yearly).
win-rate : 72% with average win : 0.87%
average loss : -1.18%.
Max DD : 14%
Sharpe Ratio : 0.525
The strategy is horrible compared to just buy and holding (271%)
Take this concept and apply it to individual stocks as mentioned at the end of the video.
@@tradingwithrayner I'll do. Im currently learning algotrading so i just used this for learning :)
Your info is the best on TH-cam, keep it upp💪
*_I am from singapore man , Glad you are not scamming people like all those ads we get before your video loads. Hope to meet you for a drink and chill_* :)
Is there an alarm that tells you when criteria are meet for this strategy? At 6:40 you have the historical data of each time criteria are met.. just wondering if there is a way to be notified.. either for a selected etf out for all etfs
Rayner, how do you set your stop with this strategy? Also does it only work on ETF’s on the daily or can it be used on equities on, say, 10min timeframe? Any extra nuggets of information to complete the picture would be great. Anybody who’s traded for even just months knows that the whole point of trading is all about learning to maximize wins and minimize losses, so we need exit strategies for when things don’t go as planned please?
this strategy is horseshit
The 200 MA is a viable basis for support, just don't go in if the cutloss exceeds your risk potential
There is no stop loss. Do not trade like this. Sooner or later you will be trapped in a trade that loses more money than you would have thought possible.
What's the best way to get started with a trade cos I've been making my personal research for a while now
Does this strategy work on the lower timeframes like 1H / 30Min and etc?
Will you please explain with a few examples : What strategy one should adopt if on the day of entry [ i.e.10P RSI below 30 on previous day ] price opens gap up as your buying will be @ higher level [ & closes down quite a bit lower ]
Not sure why the exit is set to RSI >40 when the probability of reaching an RSI >60 whilst in profit, is still fairly high and exits reach higher profit levels due to the upward skew bias of the market
Sounds like looney tunes "bugs bunny" instead of saying whats up doc, its whats up my friends 😅
Hi Rayner, thanks for the video, does this work with forex too, also, which time frame is it best? And how about stops where do you place them with this strategy ?
Evey pair has different things it respects, no timeframe is best. Lower is more choppy and less reliable. The higher the Tf the more reliable signals indicators and price action. Place your stop below large price actions, s/r levels, previous lows or highs or fib levels. Go and backtest a strategy on every pair or market you want to trade to know if it works
Sorry for disturbing Rayner Teo , What do you mean by we should place the order in the next day open . What time?
It would help if you so showed us examples of when the pattern fails. We could compare and see if we’re actually doing this right or if we missed something. Also, 36 trades are too small a sample pool to have a solid grasp as to the actual success rate. Any chance of doing a few more and update to see how it goes?
Thank you very much for the videos and information. Truly appreciated :)
Yeh 14 years of data isn't good enough for some of us.
@@cocaine_wheel_gang lol
i once saw somone testing this strategy from him for 100 trades
he had an dissapointing result (can't remember the exact winrate) but around 60%
He conveniently skipped a few things, haha... One of them is the losses since October of 2021 and a whopping $9300 loss in one month in 2020...
@@aligonzales1480 60% is great!!
What's up my friend
I like what you are doing !!
Keep it up!!!❣️
What range should I be viewing the RSI from because the graph seems to change depending on the range used?
Hello Sir,
Thanks for sharing..
One little query,
What will be our SL and which time frame need to follow?
Hi Rayner, want to know a bit more about how to use RSI effectively.
Quick question, why do you exit when RSI is above 40 rather than exiting when RSI is above 40 AND the first downward trend has started so you can ride the bull for longer?
it's just an exit. risk to reward management. some people know how to enter. but they don't know when to exit. it's a general rule of thumb
are you buying a 10 DTE long call since you're only holding for 10 days or the RSI trigger point?
Hi Rayner, how can i create the view in Tradingview with RSI 10 close and the 200 day MA, is there a script available??
This video is worth watching! More of this, please!
frfr
I backtested this, and your test seems to be slightly wrong. It missed an entry on 1996-07-12 and 1996-7-19 exit. That said, this strategy is still very profitable with SPY on the daily chart. Appreciate the knowledge as always.
@Rayner Teo you must be some loser bro, to make a fake account😂😂
@@itsjcob4570 what? no
@@jenniferreid9576 if I rmember right it was a fake account saying go buy something lmao
@@itsjcob4570 lmao
Does the time frame matter? The RSI value changes with each time frame, do we use the daily?
Hey Rayner. Your trading channel is amazing. I’m new to the world of trading and your channel greatly helps.
I’m new to the field. I want ask you something. Now that we have automated trading these days, why do people still manually trade?
Hey Rayner.. Good strategy. One comment though: You didn't touch on how to set up SL in case the pullback deepened. Will it be 1-3 ATR below the previous day's low? Or somewhere below the 200MA? Or others? Appreciate your comment. Thanks.
Agreed. How did you size positions in the backtest?
Great question!
I was about to ask the same thing.
I was just thinking the same is there no sl? you simply close after 10 days or market reaches over 40%? or close if RSI reach a certain %?
Every successfull trader and his strategy has a stop-loss. Without this it is just a gambling.
Hey, thanks for the great content. Are you using the EMA or SMA?
I wanted to know the same thing. I'm assuming it's the SMA
I asked him that question and he said that it is actually not so important, because that isn’t a meaningful difference between SMA and EMA. But he used the 200 and 50 EMA.
SMA CK
Hey Rayner ,
Can this system apply to 1)individual stock and 2) do shorts trading in order to get more trading opportunities?
Like this simple system and thanks for sharing.
Appreciate if you can share more proven back test systems to help person with less time and not full times Traders. And please tel us the winning % as above video.
How do you check the RSI chart, what website or app are you using to show these statistics?
Hi Rayner, great strategy. What I noticed, however, is that even if the closing RSI is below 30 and the price is above the 200 EMA, one should check if there is a huge descending trend (several red daily candles in a row). In this case, my advice is to avoid to open a position...
Yeah im also notice this thing 👍🏻
Hey, hey! What's up my friends?😊😊😊
Love the intro 😊😊
I LIKE THIS VIDEO, MAN WHAT TIME FRAME ARE YOU USING IN THIS STRATEGY?
which moving avarage need to select simple or explonation moving
Hello, this strategy doesn't it works in any timeframe and also can you use it in forex trading too, like Gold or USD/EUR....
Rayner, I back tested this trading idea. On 2/20/20 SPY was above 200 MA and RSI went under 30. Market fell off the cliff after that day.
That's why it has a 88.89% winning rate.
yes, and if you followed the rules you come out with a minimal loss. on my backtest, i lost less than 2.5% of my account. Very minimal loss considering if you held.
also, you must have done the strategy wrong because on 2/20/20, the RSI showed that SPY was way overbought. It was not in the range to buy yet until 2/26/20. 2/25/20 showed that SPY was under bought which gives you confirmation to buy the next day.
Ryner Teo, can I apply this strategy to currency pairs or is this a stock market strategy only? Thank you for your reply.
Love your valuable contents👍...thanks so much🙏. Just a small suggestion, please remove your mic from the center of the frame, it will make it much nicer to watch. 😁😁
this is solid especially after the MACD video.
Hey Raynar, are you sure this works? I'm looking at SPY on the daily on 2/24/20 and when it crosses below 30, it moved down quite a bit before popping back up.
@@fahimmansoor902 maybe that’s part of the loser of 88.9%
Rayner**
I'm a little confused. Do we check if the S&P is above 200ma if we are trading other stocks or does this rules just apply to the stock you are trading?
Suggest Rayner make a video to give deeper teaching of this tactic since so many of us interested. At the same time to clear most doubts of the comments below ...Tks !
Loved the term i will talk to u soon..🤓
Set up a scan to find stocks that are crossing ABOVE the 30 RSI - also make sure the average daily volume is above 250,000! I've been using this strategy for several years and it works great. Sometimes you have to wait several days but one of the keys is to make sure it's crossing ABOVE the 30 RSI. A stock can remain oversold (below 30 RSI) for a long period of time, which can cause you to lose money. Once I enter the trade I start using the bollinger bands and hold until the price approaches the upper band.
What moving 200 day average, do you use the sma,,ema, weighted? Also, where is the stop loss? What happens if the market just keeps going lower after you enter?
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Could I use this strategy for Stock option contracts as well? If so what time frame would be the exit strategy?
its important to understand that trading is about winning and losing and there is always risk involved. in some cases, you could more than your initial investment on a trade if not done properly . There are no easy strategies which are going to make you rich over night, as trading is not a 'get rich quick scheme' however through trial and error over time experts like Mr wilson have sprung unto the scene with suitable styles and strategies that have proven to work over and over again. Mr wilson understands the risk of trading enabling him to reduce losses to next to nothing . if you need help trading either cause you cant or can not make consistent profits i would recommend you contact Mr wilson for help, 1 9 1 7 5 63 8 3 3 8 , text him on WhatsApp
I backtested on Nasdaq 100 index for the last years. Not many opportunities, but huge profit every time. Thanks for explaining.
Just 36 trades in 14 years?? It's better to deliver pizzas and earn relatively more money than depending on this strategy for 14 years!!
I think you should let us know what time frame your chat is before explanation
Daily
Daily
Is it daily? It appears it's showing a few months, you can see June-August on the chart. RSI changes significantly if we change time period. Which is is Rayner.?
Daily chart is clearly mentioned
Each candle representative 1 day on that chart
Thanks for all you do bro! I appreciate you
Do you apply a stop loss for this or will you be strict with the 10 days exit?
Awsome Man back tested on every single pair it's Non-beatable love it 🥰🥰😍😍😍
How about real Trade is it working?
Yes but it's hard to wait man😅
I waited a week to get to a trade it continued in loss for 4 days check USDCHF
Curious, over 14 years you had 36 trades. Does this mean that "we only found 36 trades eligiable for this strategy in 14 years"?
Oh look, the 'my Broker' scam... Andrei goes into excellent detail of how people like Boyd here operate.
th-cam.com/video/DO0ABhyXC38/w-d-xo.html
He use daily time FRAM
Hi Rayner, how often does this SPY trading strategy set up? Seems easy enough to implement.
Hey reynor , I use this strategy on regular basis got some good returns. can you please provide SL if its starts falling more one of my stock I stucked at -10%.
All of these rules are the basic any trader should know.
But, if you're a swing trader or buy-hold investor, in my experience, waiting for RSI to dip below 30 (and for shorter period), you might as well never buy the stock... especially if it's on bullish run and you're trying to catch up. I don't recall ever bought any stock at bottom. But because I don't day trade, I ride along the graph and eventually prices are higher.
200MA is too "lazy" pullback.
What do you actually buy here? and what is a S/L for this strategy?
Most probably two of the entries ended with stop out/blow out. Because spx went down to 40 after first entry.
Hey Reyner what would be the SL In this strategy??
If i have trading strategy that wins 90% of the time but when i lose i lose 90% of my investment how much do i need to win in those 90% positive outcomes to break even? If it is a long term winning strategy how do i size my trades to avoid volatility wipe out? How long if i lose does it take me to get money back? Those are the questions that must be answered. You can back test these strategies (video maker must have got his # from somewhere) but one more question; what happens when everyone uses this strategy? Will it be easier or harder to have predicted outcomes?
WHAT was your stop loss, i.e. when do you exit?
SL is for losers. Just be patient.
I tested this in a few places including s&p with the exact parameters. I found many times the price continued to dip a lot lower with the RSI staying below 30. Sometimes for days. People with small accounts could easily get stopped out and lose a lot money following this. Even without being stopped out sometimes it takes 10-14 days to start going back up.
#1: Nobody should be trading futures on a small account, it's suicide.
#2: You should use the concepts presented in this video to trade individual stocks and you'll increase your frequency of trades and overall returns (as explained at the end of the video).
@@tradingwithrayner what about mini e futures?
@@Andrew-bb6it Give some more info about Mr Andrew. How to get guided from him?
Can we apply to any other Market Stocks ? or any Forex Pairs ? or commodities ??
your reply will be highly appreciable