Monday May 21st, 11:36AM EDT
Expert Charts, Trading Tips and Technical Analysis from INO.com
It’s the biggest market in the world and is traded 24 hours a day, 6 days a week, and therefore one that is impossible to ignore. I’m speaking, of course, about the forex market.
The question is, is this the tail that’s wagging the dog? Meaning, is the forex market, mainly the euro, dictating the trend in American and European equity markets.
Today’s guest, Michele (Mish) Schneider has gotten such a phenomenal response from Trader’s Blog readers in the past, that we’ve decided to bring her back and share her take on High Frequency Trading, or HFT, plays. You can leave any questions or comments here on our blog, but be sure to visit Mish on her site, Market Gauge, as well.
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Not too long ago, the buzz around the street was all about High Frequency Trading Models and the possible legislation that would be enforced to try and quell them. What is High Frequency Trading (HFT)? According to an interview with Sal Arnuk Partner of Themis Trading LLC printed June 14th, 2010 in the High Frequency Trading Review—yes, there is such a publication—“I guess you can call HFT any strategy that involves high speed execution of thousands of orders per second, or in a short time period. I don’t even want to handicap it by calling it thousands as some people can do a million.” [Read more...]
There are times when markets reverse for no apparent reason and seem to defy any news that would support the direction of the trend. We call the this occasional event the “Fibonacci factor.” This occurs when markets reach certain retracement levels and often reverse direction from their previous trend.
In this new short video I outline this phenomenon on the S&P500 and will also be covering it when our new educational trading video debuts this Friday, which will be of course, “Fibonacci Friday”.
Enjoy today’s video and let us know what you think. As always there is no charge and no need to register.
All the best,
Adam Hewison
President INO.com
Co-founder of MarketClub
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 have been a member of MarketClub for the last 2-3 years and will continue to be as long as Adam and the guys keep it running. I am a short-tern momentum trader and use several tools in my toolbox, but since I have joined MarketClub, my favorite tool is MarketClub’s Smart Scan and Charts. I also love receiving daily e-mails and alerts (I set these up myself). I have not put in a trade without running the scans and reading my daily mail from Adam. His insight on the market, economy and business is very valuable. The training videos and whiteboard lessons are very informative and helpful. The charts are incredibly easy to use and contain all the info I need to know for my daily trade plan as well as longer term trading plans. The monthly triangles are very, very accurate. The daily triangles are pretty good as well and I use them a lot for the entry points. What more can I say? I am lucky to have found MarketClub. My life would never be the same without it. Thanks Adam and the team for sharing with us such great product.” ~ Alex R., British Columbia
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.
We published this trading rule on our blog almost 5 months ago, February 10 to be exact. You can look it up if you wish. With gold making all time highs on Friday, it seems like the perfect candidate for this rule. Just remember, there are no guarantees in trading.
I learned this rule over 3 decades ago in the markets from a low-key trader named Bill. Using his special trading technique, Bill made millions and millions of dollars from his office. The best part is that this technique is still working more than 30 years after it was taught to me and why I insist on sharing it with as many traders as possible.
[Read more...]
The gold market jumped early on in trading today (6/17) based on economic data that came out indicating that the future wasn’t quite as rosy as everyone first thought.
In today’s video on gold, we share with you the 4 instruments that we are looking at and share with you our projections for the spot gold market.
As always our videos are free to watch and there are no registration requirements. All we ask is that you comment on our blog and let us know what you think about the gold market.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Our guest today is Tom Strignano, a former Chief Bank Dealer with 25 years experience. He has also been featured on The Forex Signals. Follow Tom as he shows you a technique he developed back in the 1990′s incorporating Adam’s favorite Italian mathematician, Leonardo Fibonacci. 
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The Fibonacci Range Expansion Trading technique is one that I developed back in the early 1990s when I was moving away from lagging indicators like RSI, MACD, moving averages etc. I had no success using those indicators and came to the conclusion that either I didn’t understand them, or that they simply didn’t work. The only thing that I had any success with was trendline breaks, Fibonacci points, and standard pivots with the reading of pure price action. I was taught that in order to be successful in this business of trading, you need a few components.
According to my mentor and senior treasurer, Aldo Pizzoferrato, trading required BMG, or Brains, Money, and Guts. You need the brains to anticipate market momentum and to be a step ahead of the herd. You need capital to advance, and finally, you need the guts to believe in yourself and your systems. Therein lies the problem for most traders. Most traders operate on the simplest level. They have no real trading plan and view charts and price action using gut feel or really just guesswork. Aldo stressed upon me that the most effective approach was acting like a quarterback of a football team. I need to send the signals, by reading the market and finding weakness in the markets’ defenses. He would always say, “Don’t just receive the signals, send the market some feedback.” I had learned that trading is not a spectator sport. In other words, the most effective approach is in the development of systems that generate buy and sell signals. I had to move from “chart artist” to a true technician. [Read more...]
Unfortunately the President seemed to miss the point – capping BP’s huge gusher off the Gulf. Coincidentally, I read today that BP now stands for BIG PROBLEM and not British Petroleum.
Surfing around the web today I read comments like, “if we could put a man on the moon 40 years ago and 238,857 miles away, how is it that we can’t cap a well that’s 40 miles off the US coastline in deep water?” I, myself, am asking the same question.
I believe that the President missed the boat on this one. He has not focused the entire might of the United States on getting this problem fixed. As they say, he was a day late, and in this case, billions of dollars short.
Loading ...It seemed outrageous to me that we had local governments wanting to get to work on clean-up and conservation, but were having to wait for permits from the Army Corps of Engineers and other Federal agencies to start making decisions. The reality is, the Federal government is huge and has no idea what the left hand is doing in regards to the right-hand. [Read more...]
I recently had the good fortune to travel to France with my wife on holiday. We both wanted to go to Provence which is an area in France that is steeped in history and Roman antiquities.
Okay I admit, we did eat some great food and how could we not drink the wine. What’s that expression, “When in Rome … “? Also Provence is home to Châteauneuf du Pape, one of the worlds best known wine regions.
We traveled all over Provence taking in the sights, smells, and yes, our share of wine. It was during a visit to the small city of Arles that the immensity of the Roman Empire really struck me. It was there that I witnessed the awe of a true Roman amphitheater.
This brings me to the popular myth, “Morituri te salutant,” known as the gladiators salute. This was what was supposedly said before every gladiatorial contest in Rome and cities like Arles before the gladiators went into combat. Now I ask you, is that something that you would say before going into hand-to-hand combat with an uncertain outcome? I can think of a great many things I would be say, but “Morituri te salutant” would not be one of them. [Read more...]
Whether it is the spill in the Gulf, which continues unabated, or talk on Capitol Hill, the subject is crude oil.
Today we received a signal by way of our weekly “Trade Triangle” to get long crude oil. In this new brief video, we show you the exact levels to keep your eye on and also where a logical stop would go for this position. We have had a lot of questions on Fibonacci retracements lately and this video goes into detail about that phenomenon and how you can best use it
As always our videos are free to watch and there are no registration requirements. All we ask is that comment on this market via our blog and let us know what you think.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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