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Yes, Give it to me

Signs of accumulation in this market… 

 March 28, 2016

By  Rayner

I’m Baack!

So, I took a week-long break last week due to the birth of my baby daughter.

And I want to thank you all for your kind wishes and prayers. I truly appreciate it.

Now, back to the trading…

There’s this particular market that has fallen 50% over the last few years.

And what’s interesting is this…

It’s starting to show signs of accumulation. If price breaks out of it, we could see a BIG trend in the making (and you can bet I’ll be looking to long).

Next:

I want to answer this itching question a few of you have been asking me.

How do you trade when there’s two area of resistance nearby?

Do you trade the first area?

Or the second?

Well, my answer is very simple.

And I’ll explain it to you in this week’s market analysis below:

I hope you’ve enjoyed this week’s market analysis.

If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!

Do you want to learn a new trading strategy that allows you to profit in bull and bear markets?

In the Ultimate Guide to Trend Following, I will teach you this powerful trading strategy step by step, along with charts and examples.

You can download it here for FREE.

  • Hi Rayner,

    This question really confuse me most of the time, it always jumps in front of my eyes and makes it so hard to plan a trade…

    Thank you for reminding us the right action.

    Shlomi

  • Hi, may i ask.. for soy, what are your thoughts on shorting from the point where it fail to break the previous high and instead print out a bearish pattern. the overall trend seems down.

  • Hi Rayner,

    Congrats to your new born 🙂 Steady 🙂

    Been watching your videos and have been learning a lot from you.
    Thanks a lot!

    Eric

  • Hi Rayner,

    Have you ever tried using soft stops whereby you do not actually place the stop live but wait for a close at/below your stop and then execute it at the open the next day? Yes, has added risk but eliminates getting stop hunted. Any value here?

    • Hey Steve,

      I’ve seen some research into it whereby they conclude using a closing price helps with their overall profitability.

      However I choose to go with having an automatic stop loss in place as its better for my psychology.

      Rayner

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