Today I am going to go over the weekly preview for the S&P 500 and the technical analysis I use based upon how I trade. This will be for the week of 3/17/2019. The past week and a half have been crazy because a bunch of new setups popped into my head to test out.
When the dust settled I updated the Lightning Trade to now become the Reverse Lightning Trade. The new trade set up the 38-127 trade is now live and active. I still can utilize my Bread-and-Butter trade but I am only looking for that at extreme overbought or oversold levels.
I go over in pretty good detail all of these trade setups in a Forex video I did last Friday: https://evancarthey.com/forex-technical-analysis-of-25-pairs-3-15-2019-live-trade-look-in/
Evolution of My Trading
The evolution of my trading is always evolving. Two years ago I had strictly been using my Bread-and-Butter setup but I wanted a continuation trade setup and a break-out. Finally, after months and even years of meditation and searching, I believe I have found them.
That is why meditation for your trading is so powerful. You can find virtually any trade setup you are looking to implement in your trading program. The best part is you do not have to rely on anyone else or pay them for it. It will eventually come to you.
You will own it and therefore you will trust it. Whenever you rely on someone else you never will fully trust their trade setups because you did not create them. That is why being a creator is the most powerful stance you can take. For over 10 years I tried relying on others for trading setups and tips. After spending tens of thousands of dollars on trading rooms, courses, books, etc. I was still a losing trader.
Why?
Because I was relying on someone else’s trade setups. To make matters worse almost everyone out there selling you something is a losing trader. If they made millions from trading why in the world would they sell you their secret sauce for $37 or even a couple of thousands of dollars? It makes no sense when you actually think about it. What makes sense to them is they know they are losing traders but they are great at selling hope so they do so in order to “earn” a living. That is why you will almost never see anyone selling a course or trading room provide verified trading results.
It just doesn’t happen because they are not profitable traders. If they were then they would easily show you the verified yearly statements of their profitability because that would sell course and trading room subscriptions like hot cakes. If I was selling subscriptions to my trading room or trading courses then I would show everyone my verified statements of my profitability. That’s all you would need but it is also why you almost never see it.
Okay, rant over.
Video: Weekly Preview of the S&P 500 Using My Technical Analysis for the Week of 3/17/2019
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