50 thoughts on “ALERT: Buy signal on Crude Oil 6/04/09

  1. Be careful importing data from other vendors. Market club has a rather unique way of displaying data for electronic markets which trade on Sunday. Market club considers Sunday a separate trading day which influences the daily triangles.

    tony

  2. Adam:

    I am keen on trading other markets (Indian stocks/Indices) not covered by market club. Is the market club trade triangle methodology available as a stand alone platform. I am willing to pay what you deem is the right price.

  3. i think thats a great idea to be able to import any data to market club and get signals. i would be also interested in the indian markets

  4. I HAVE FOUND USING YOUR TRIANGLE TECH VERY PROFITABLE. HOWEVER I AM CONFUSED ON HOW TO USE THE TRIANGLE SIGNALS WHEN THE DATA GIVING THE SIGNAL IS INCORRECT. LOOK AT THE DECEMBER SOY MEAL CONTRACT. YOU HAVE A GREEN TRIANGE GIVEN BASED ON A HIGH PRICE THAT WAS NEVER MADE IE A BAD TICK. SO DO WE OR DONT WE TAKE THESE TRADES? IF YOU DONT TAKE THE TRADE THEN HOW DO OU ENTER THE TRADE LATER?

    TONY

  5. Adam, I was interested in trading the Indian stock market Index & stocks.

    If Market Club can have an import button, say in metastock format, then any individual who wants to trade any stock/commodity/index for any counrty could export their data to market club & generate the trade signals.

    Thanks

  6. Anil,

    We will put that in the idea hopper.

    If we get enough interest in that functionality from other members we will seriously consider it.

    At the moment we are considering some new markets to cover. What markets are you interested in.

    Thanks,
    Adam

  7. Adam

    On a different note, if I am interested in markets that Market club does not cover, is it possible to have an import button for members, where you import the chart & then apply the trade triangle methodolgy in the near future. this will open up a whole new audience for market club.

  8. I was wondering how the triangle triggered @ .90260 on Mar 8th when the high for the day of March 8th was only .8993 but I think I see now that the weekly triangle is always shown on the first trading day of the week (when looking at a daily chart) that it triggered on, not necessarily the exact day it was triggered.

    1. MWM,

      Thank you for your feedback.

      One of the key elements in trading in my opinion is liquidity. We like to trade liquid contracts that have lots of interest and volume.

      When you trade markets that are thin and without much volume they are always expensive to trade. We use the same theory with stocks as we do with futures and that is to trade where the liquid markets are.

      All the best,
      Adam

  9. I notice that there is sometimes a descrepency when I hover over one of the triangles, for instance the EUR/GBP Mar 8th Weekly green triangle it displays .90260 but the bar that its on had a high of only .89930.

    Is this by design or a bug?

  10. Aurel,

    The short answer is no. What I can suggest is that you use the trend in our Trade Triangles to trade the intra-day markets in the direction of the trade triangles.

    You may want to use Welles Wilders Parabolic indicator when you trade intraday. I have found that to be a good one.

    All the best,

    Adam

  11. Hi Adom

    Can your trade triangle technology be used on a 5 min chart. if yes is it profitable to do so. Do you have any results of wuch trading.

  12. Adam:

    I am a new subscriber and I only do stocks, ETF's and Mutual funds. As per your June 4 Alert I bought 1000 USO at $37.62. Will you be sending us another Alert when to sell Oil, or should I depend on when the Weekly Trade Triangle becomes negative.

    Also, assuming USO goes up from here, is it a good idea to put a Stop Loss below the then current market price. If so, how many ATR's below.

    Thanks for your excellent service.

    Rajbir Kang

    1. Rajbir,

      Thank you for your feedback. I would recommend using the weekly triangle to exit the position.

      You may also want to use a tighter stop on a portion of you postion. That could be a daily Triangle for example.

      All the best,

      Adam

  13. Question:

    Have you ever considered incorporating volume indicators into the trade triangle technology (timing) signals? For instance, a significantly low volumne (based on your vast trading experience) associated with a buy signal could generate a yellow triangle or not one at all. This might inform an aggressive trader to buy with caution or a more conservative one to wait for confirmation. Either way, the trader would be able to make a more informed decision. Just a thought based on the above discussion.

    1. Dale,

      Thank you for your feedback. I like the idea and it is one that we have kicked around on this end.

      There is some challenges in the FOREX markets as there is no published volume figures.

      Overall I think the idea warrants further study.

      Thanks,
      Adam

    1. Ben,

      This approach is market tough and market proven. We will be publishing our results for Q2 right after the end of June. You will see how we did.

      All of our results that we show on this blog are for the same markets. We do not cherry pick.

      Thanks,

      Adam

  14. New to MarketClub, I definitely think one area of possible confusion is exactly how to use the trade triangles. We can watch the various videos where the differing use of the various triangles with the differing securities is explained, but questions remain.

    For example, if a weekly trade green triangle for a stock is given is it suggested that we wait for a daily trade triangle AFTER the weekly before we enter a trade?

    What if, as I have seen, a green weekly trade triangle is posted AFTER a green daily trade triangle? What does that mean?

    I really think it would help new users if the trade triangle video was expanded to be more all inclusive and posted as a 'sticky' video at the very top of the new user/help section.

    Thanks

    1. Gerry,

      The key to the Triangles for stocks is to key off the monthly triangle that sets the trend. If that is green only trade with the green weekly triangles that are in the direction of the major trend. When you have a red weekly triangle you exit a long position. You enter on the longside again only when you have a confirming green weekly triangle in the direction of a major uptrend.

      The daily triangles do not come into play in the equity markets.

      I hope this helps clarify how to use our Trade Triangle technology for the equity markets.

      Please contact our support staff if you need further assistance.

      All the best,

      Adam

  15. Chris,

    I think that's a good idea but the challenge we have here some folks who use MarketClub only trade using one contract. It is difficult to scale out of one contract as you can imagine. I'm all for creative ideas in terms of utilizing the markets as best we can in the future.

    Thank you very much for your feedback.

    All the best,
    Adam

  16. Adam,

    With respect to your previous comment about filtering the triangles have you ever looked into what the impact would be if a scaling out approach was used for the daily signals i.e. weekly is green, daily turns red, half position is removed. Final half removed if & when the weekly turns red.

    Might be an interesting result.

  17. Tom,

    I think the run-up in the S&P index has surprised many traders. It has gone up on light volume, but nonetheless it has gone up.

    I would strongly suggest that you exercise patience and wait for some type of pullback before entering this market. That could come today, next week or next month no one knows for sure.

    The next potential signal that we will have in this market will be a red triangle. That should appear on the weekly charts and it will indicate a take profits and stand aside mode.

    We appreciate your business at market club and wish you every success in the future.

    All the best,
    Adam

  18. I am a newer subscriber and I have a question. Is it unwise to chase the move up on the S&P if you missed the trade triangle by a week? Or should I just wait for another? Or will the next be only a red signaling a sell..
    Thanks!
    Tom

  19. Hi Folks, I'm confused about how to find the symbols to use for the dollar index, gold, oil and currencies. Can we use the ETF symblos with as much confidence? Thank you much. Regards, Bill

    1. Dear William,

      The Dollar Index and Gold are really easy to find. If you are looking at your home page there are a few symbol to the top right. You should see a list of 5 symbols; DOW, NASDAQ, S&P, GOLD and USD$. If you click on the name it will direct you to the information for each of those symbols. Also use the search function to narrow down results.

      Personally I find that the easiest way to find a list of currency symbols, or energy symbols is to use INO.com's page to find the list of symbols and then specifically search those symbols through MarketClub. I find this to be the easiest way to find things, but you can also use the search box.

      I would suggest bookmarking these two link for the currencies and energy symbols.

      http://quotes.ino.com/exchanges/?c=currencies
      http://quotes.ino.com/exchanges/?c=energy

      Also, I find the Trade Triangles to work well for ETFs. The only word of advice I will give is to not look at let's say the Monthly triangle unless there are at least 6 previous months of data. ETFs tend to pop up over night, but to make sure that the algorithm is working properly make sure there are at least 6 periods of data (i.e. month Triangle - 6 months, weekly Triangle - 6 weeks, etc.)

      If you are still having issues please don't hesitate to contact our support team.

      Best,

      Lindsay Thompson
      Director of New Business Development
      INO.com & MarketClub

  20. Hi Adam, which symbol did you get the Buy trade triangle? I can't seem to find it. Thanks. Andrew

  21. I am not sure if I am reading it correctly. I al looking at July 09 contract (CL.N09) and the last signal on Daily Trade Triangle in Up direction on 27 May. There are no other signals.

    1. My Wealth Mastery,

      Please see the electronic version CL.N09.E

      Best,

      Lindsay Thompson
      Director of New Business Development
      INO.com & MarketClub

  22. Adam,
    I have two questions.
    First, your Alerts are very beneficial , how come subscribers don't get them via email?
    Second, would it be too much to ask you to send those alerts to your subscribers on regular basis?

    Much Thanks.
    Jamil

    1. Dear Jamil,

      I'm glad you like Adam's alerts (I prefer to consider them warnings). When Adam posts those messages pertaining to specific Trade Triangles that are issues, that is because he is actively watching those markets.

      You can have the same alerts emailed to you by setting up your Alerts section. For example if you had Crude Oil (specifically the electronic contract CL.N09.E) in your portfolio and you had the alert set up for New Daily Trade Triangles, you would have received an email alert on 6/4 at the time that the market reached $69.05.

      Please see the Alert Help Section to read some tips for setting up your alerts: http://club.ino.com/trading/marketclub-help-section/alerts/

      Best,

      Lindsay Thompson
      Director of New Business Development
      INO.com & MarketClub

  23. Anthony,

    Thank you for your feedback.

    Currency trading: Weekly for trend. Daily for entry and exit.

    Interest Rates: Weekly for trend. Daily for entry and exit.

    Thanks,

    Adam

    1. Re: currencies weekly trend/daily entries. In video this week for Dollar Index you said trend monthly/entry weekly. Did you not?

  24. A QUESTION REGARDING THE TRADING OFSINGLE CURRENCIES SUCH AS THE YEN, BRITISH POUND ETC. DO YOU USE THE WEEKLY FOR TRAND AND THE DAILY FOR TIMING? HOW ABOUT THE 30 YEAR BOND AND THE 10 YEAR NOTE - IS IT WEEKLY FOR TRAED AND DAILY FOR TIMING?

    THANKS

    TONY

  25. Head-Fake yesterday....
    Got stopped out of my Oil position.

    I feel that the S&P500 needs to decide a trend up or down from here.
    Before I get a opportunity in oil.

    Adam,
    What indicators on the S&P do you watch to see further strength.
    What would be your next upside target 970?

    Thanks
    Chris

    1. Chrisb,

      Stopped out of oil yesterday. Stopped in on the long side today.

      The S&P500 continues to act well. We have not seen a reversal since we had a buy signal at 888.70 on May 1st. How high can this market go? I am relying on the Triangles on this one.

      Thanks,

      Adam

      1. I am confused. After the monthly buy signal on 5/1 hasn't there been a few daily red triangles. Would not these have alerted you to sell? Or do you hold because its a monthly?
        I am new so at what point would you ccommit new money (S&P)?

        1. Tom,

          Thank you for your feedback.

          Currency trading: Weekly for trend. Daily for entry and exit.

          Interest Rates: Weekly for trend. Daily for entry and exit.

          Crude Oil: Weekly for trend. Daily for entry and exit.

          On the S&P would recommend holding back until we see some further consolidation so that the risk is not as great. I believe your patience will be rewarded.

          Thanks,

          Adam

  26. Trade triangle technology signaled a buy after oil went up 100% from its bottom in 30s? Am I reading it right?

    Of course, oil can go much higher, but I would like to know whether trade triangle technology caught the 100% move from bottom.

    1. Laks,

      Our Trade Trade Triangle technology has traded oil from the long side for most of the year. We have done very well in this market. You can look at our record that we have documented for the past 18 months.

      http://club.ino.com/trading/2009/04/see-how-we-did-trading-corn-wheat-soybeans-crude-oil-gold-and-the-dollar-index-for-q1-of-this-year/

      While it would be nice to captue 100% of a move, it is not realistic to think one can do that. MarketClub’s Trade Triangle methodology is designed to capture the sweet spot of the move. If we can capture 60-70% of a move we are happy.

      All the best,

      Adam

  27. Crude oil needs to pull back in to its 200 day moving average,as the Energy Sector is slowly selling off. Remember that it has advanced rapidly and will fall rapidly. A good trader will exercise discipline like Adam stated in a video not to long ago.

    Good Trading

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