S&P 500
1309.35
+14.13 +1.09%
Dow Indu
12467.39
+98.01 +0.79%
Nasdaq
2815.17
+36.38 +1.31%
Crude Oil
92.39
+0.59 +0.64%
Gold
1588.61
-9.39 -0.59%
CRB Index
290.45
+0.02 +0.01%
US Dollar
81.155
-0.137 -0.18%
Strong

Candle Sticks, Gold and a Trader’s Journey

Consistent, successful trading requires a systematic approach that you are 100% confident in.  When talking to today’s guest blogger and INO TV author Gary Wagner of “Forex Gold Forecast” a few days ago about recent trades, it amazed me how confident he was in his own technical analysis. I thought it would make a good article for the Trader’s Blog so I had him write down a few thoughts on trading and how he has utilized his own system.

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Effective trading is a science, but it is also an art. Choosing the scientific models (technical indicators) you wish to combine to create your trading methodology requires a journey. A journey over time, through which by trial and error you will arrive at an approach that is successful. You need to assemble a toolbox of technical indicators like an artist assembles brushes. Just as each brush creates a different effect, each technical indicator reveals distinctive information about the market. Knowing which technical brushes to use and when to use them is essential. It will provide the trader with the tools needed to create an effective systematic approach. [Read more...]

Traders Toolbox: Momentum Revisited…

Trader's Toolbox

At MarketClub our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals — no matter which way the markets move — with objective and unbiased recommendations not available from brokers.

The Trader’s Toolbox posts are just another free resource from MarketClub.

MarketClub is known for our “Trade Triangle” technology. However, if you have used other technical analysis indicators previously, you can use a combination of the studies and other techniques in conjunction with the “Trade Triangles” to further confirm trends.

Momentum measures the change in a commodity’s price with time. M = Pc-Pn where M = momentum, Pc = current period’s price and Pn = price n periods ago.

The length of time used for the prior period is a matter of personal preference and time horizon of the trader. A narrow window of less than five periods back would be short-term in nature while six to nine periods would be considered intermediate; 10 or more would be a longer time perspective….”

Revisit the Trader’s Toolbox Post: “Momentum” here.

Is the employment situation improving in the US?

We also invite you to comment on our blog about the impact you think this will have on the market in the coming months.

Weekly Trade Triangle on Gold

Weekly “Trade Triangles” gave a sell short entry signal today at $1,098.24.80 basis spot gold. The MarketClub Trade Triangle technology is showing a -60 reading indicating a choppy market.

Short Term Trader? Join us on Friday

If you’re a trader who enjoys being active in the market without being a day trader, then Friday’s webinar is for you. Join us this Friday, March 26th at 4PM eastern time as Jeremy Lutz, MarketClub expert, and I go over MarketClub’s short-term trading strategy. Learn how to use our system for short-term trading: everything from which markets are best suited for this strategy, to scanning for trades, and when to exit and enter using our “Trade Triangle” technology.

Last week’s webinar filled to capacity so we encourage you to visit this link and reserve your seat early. By attending this or any MarketClub webinar you are also eligible for our completely free one-week trial. Just email service@ino.com or call our member service team today at 1-800-538-7424 or 410-867-2100 to get started and test this strategy yourself.

We look forward to seeing you there!

Best,

Susan Jackson
Director of MarketClub Education
INO.com & MarketClub

Saturday Success Story – Alan, Canada

At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.

Here’s great news from a member…

“I am a short-term trader and find MarketClub to be the best website for traders. The fast stochastics indicator has proven to be an invaluable tool when trading stocks. Everything about the website is so professional. Congratulations on an excellent website.” ~ Alan S., Canada

To send your own success story, please email blog@ino.com. We wish all of our members the best and we look forward to hearing your success story.

Gold Alert

Daily “Trade Triangles” flash exit signal today at $1,106.80 in basis spot gold.

Luck Of The Irish & The Indices

I wanted to make this video as the indices are getting a little St. Patrick’s Day luck. Like a great many traders; I am a great believer in getting all the luck I can get. Hopefully, the luck of the Irish will roll off on you and you remain lucky all year.

Today we’re going to be looking at the three major indices here in the U.S. The first one will be the Dow Jones, followed by S&P 500, and the NASDAQ. All three indices have had remarkable moves since their original buy signals that were generated in 2009.

In 2009 we had the following signals using our monthly Trade Triangle technology. If you have been following my videos for any length of time, you know that we use our monthly Trade Triangles for the major trend in the indices. Starting with the DOW, we had a signal that the trend has reversed to the upside on May 4, 2009 at 8315.07. The S&P 500 also gave a trend reversal signal on that day at 888.70. The NASDAQ was the last to join the party as it gave a buy signal on April 16 at 1665.63.

In this new video, I share with you some of the ideas I have on where we are in market terms in all three indices.

As always, our videos are free to watch and there are no registration requirements. I would really like to hear back from you in regards to your thoughts on this video. Watch this video.

Your comments are welcome.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

We Are Dancing for Joy!

Happy St. Patrick’s Day!

Thanks to your continued support, MarketClub is having its best quarter ever. To celebrate this event, I managed to convince Susan, Meg, Lindsay, and Melissa to join me in a dance and usher this milestone into the record books.

From the whole MarketClub team who couldn’t dance for you, “May the luck of the Irish be with you in 2010″

All the best,
Adam

Personalize funny videos and birthday eCards at JibJab!

Buffett’s “Dirty” Little Secret

Warren Buffett is always a hot topic and today I’ve asked Greg Roy, who has a unique opinion on Buffet’s strategies, to share what he calls “Buffett’s dirty little secret”. Whether you agree or disagree,  Greg will certainly leave you with something to think about. Whatever your stance, we encourage you to comment below and dig deeper into Greg’s reasoning with his latest report.

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They’re missing the point.

Nine out of ten “gurus” who tell you to “invest like Buffett” preach that you should “buy great companies at a discount.”

And yes, on the face, that’s “what Buffett does” – but completely overlooks the real secret to Buffett’s investing genius.

I’ll be the first to admit I’m no “Buffophile” – some of the blind adoration heaped on him in some quarters I find not only distasteful but propagates dangerous attitudes about investing and trading. But I do think he’s as close to a genius as any investor in recent history.

Because Buffett is playing a completely different game than everyone else.

[Read more...]

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