Author: The INO.com Team

6 Lessons To Conquer Any Market

Posted on by The INO.com Team

Hello traders and MarketClub members everywhere. Today, I would like to do something a little bit different and welcome all of our new members. We have had a tremendous influx in the last few months and we want to get you started on the right foot with these 6 lessons.

So on behalf of our company INO.com, the parent of MarketClub, welcome. We want you to get the very most out of MarketClub in the future. Our mission is to help coach, guide and share with you a successful pathway to profits. With that goal in mind, we have 6 lessons for you that will help you conquer any market.

The lessons are the real deal and they were learned the hard way in the trading pits of Chicago, many years ago when I was a floor trader. These are the universal truths of the marketplace and have not changed, nor will they change, as they reflect human nature and how we act as individuals. So let's get started, our first lesson has to do with drawing a simple, straight line.

LESSON 1: Trend Lines
In this lesson, I will show you the correct way to draw trend lines and how to use them successfully in any market.

Continue reading "6 Lessons To Conquer Any Market" →

How I See The Week Ahead

Posted on by The INO.com Team

Last Friday's 1.5% drop in the major indices certainly was a surprise to a lot of people, but was it predictable? The answer has to be yes and no, here's what I mean.

For some time now, the major indices have been moving sideways based on the Trade Triangle technology. What that means is that the monthly Trade Triangles are indicating that the long-term trend remains positive, while the weekly Trade Triangles are negative indicating the intermediate-term trend is down. That tells you there is a conflict between the Trade Triangles and that the market is in a broad trading range.

As with any trading range, you're going to see sharp upward and downward moves. So did Friday's move to the downside do anything to really change the general market? The answer has to be no because the general market is still contained within its broad trading range which I have illustrated on the chart below and in my recent videos.

Don't forget to watch today's video (that will be added later) as I will be giving you an up-to-date analysis of what is going on in the markets right now. Continue reading "How I See The Week Ahead" →

Three Currencies To Watch Versus The U.S. Dollar

Posted on by The INO.com Team

By: Cory Mitchell, CMT VantagePointTrading.com

In forex trading, trade with the trend. Trends last a long time and tend to go further than people expect. Those who bought the EURUSD above 1.39 less than a year ago can attest to that, with the pair having traded as low as 1.0462 in March.

The U.S. Dollar (USD) isn't just strong against the Euro; it's strong against nearly all currencies, major and minor. For trades lasing longer than a few weeks, trading on USD strength--in alignment with the trend--is still the main play.

The USDCAD, NZDUSD and USDCHF are in a slightly different position though. Trading in the direction of USD strength is still a possibility, yet it's wise to have a few pairs to trade if the USD reverses. If the USD reverses, or even sees a deeper pullback, it is likely to be showcased in these pairs first. In fact, it has already begun.

USDCAD

The USDCAD hasn't given up much ground this year (relative to many other pairs), as it channeled between resistance just below 1.2840 and support just above 1.2350. Continue reading "Three Currencies To Watch Versus The U.S. Dollar" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the June contract are trading below their 20 day but barely over their 100 day moving average continuing its sideways pattern settling last Friday in New York at $1,204 an ounce while currently trading at the identical price unchanged for the trading week as the chart structure is starting to improve on a daily basis as prices have gone nowhere in recent weeks. The U.S dollar was down over 200 points for the trading week helping support the precious metals but the real breakout does not occur until prices break above $1,225 or on the downside around $1,180 as I do think a breakout is in the cards. The S&P 500 is down 25 points this Friday afternoon which generally sends money back into the precious metals, however in the old days gold would have reacted much more bullish than today’s trading action which has to be concerning if you are bullish as this market remains weak with no trend in sight so avoid as I want to look at other markets that are beginning to trend as choppy markets are extremely difficult to trade successfully. Continue reading "Weekly Futures Recap With Mike Seery" →

Fill In The Caption - Mario Draghi & Angela Merkel

Posted on by The INO.com Team

What do you think would be the "perfect caption" for this photograph of Mario Draghi and Angela Merkel?

Here's my caption:
"But Mario, why won't you dance with me!!"

Leave a comment with your caption. Enter as many captions as you wish and have fun!

For a good chuckle, be sure to read some of the captions from previous Fill In The Caption pictures.