I’ve got two things for you.
This is a key level you need to pay attention to the S&P.
If it breaks, it’s not going to be pretty for equity markets (and that’s when I’ll begin my shorting spree).
Go mark it down on your charts, it’s important.
I want to alert you to a trading setup which has the potential to breakout higher, real soon.
If you don’t want to miss it, then watch this week’s market analysis right now.
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!
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I really like your simplistic methodology for trading Rayner.
You’re welcome, David.
Don’t hesitate to let me know if there’s anything, I’ll be glad to help.
I appreciate the value of each week market analysis given by you. You may not covered much
this week but the actual value means a lot. I like the last part you shared about the noise come from the social media side. You are absolutely right, all we need to care is our own trading plan.
Thanks again for this is week words. Cheers!
Yes, following your trading plan is the most important thing a trader can do. Anything outside of it is just noise.
Nice video Rayner, really enjoyed your outlook on the pairs concerned but most of of all the best advice at the end of the video, that is so true, look forward to the next one, thanks
Thank you for your feedback. Yes, social media can be a bane at times and I hope that could help other traders who are “struggling” with this issue.
Thank you Rayner for the insights. May I ask what is that third moving average on your chart apart from the 20 and 50 EMAs?
Thanks in anticipation.
The black line is 200 EMA.
You’re so concerned for other traders.
I have this problem almost in every aspect in my life, specifically when I use internet and can get tone of information by little click.. but step by step I success to come over this addiction.
Little organized knowledge is stronger then tone of information you don’t know how to apply with it. (Napoleon Hill, it’s not the exact words he wrote in his book, I hope the idea is be understood).
Thank you Ray.
Glad to hear its slowly working out for you. And that is a powerful book that you’ve mentioned.
Lastly, I found it 🙂
Think and Grow Rich – Chapter 5: Specialized Knowledge
By Napoleon Hill
“As knowledge is acquired it must be organized and put into use, for a definite purpose, through practical plans. Knowledge has no value except that which can be
gained from its application toward some worthy end. This is one reason why college
degrees are not valued more highly. They represent nothing but miscellaneous
Great sharing! Thank you.
Rayner, I discovered your blog last week. I’m one of those traders that still is not a consistent winner but now I check your blog frequently and I try to polish my errors. Valuable stuff mate, thanks a lot! :).
I have a question about trading S&P500. Do you trade the index via an standar MT4 broker or you trade specific stocks? If you trade stocks what kind of broker and platform do you use/advice?
Thanks in advance 🙂
I don’t trade it on MT4.
For stocks, I believe thinkorswim is a decent platform. Feel free to check it out.