Trading Setups – The 1 2 3 Divergence

Today we've asked Tony Edwards to share his favorite trade entry setups with our readers. Tony Edwards has been an active independent trader for nearly 20 years. He trades an extremely wide range of instruments with a special focus on YM, ES, 6E, CL and GC. He offers traders daily, unique support and resistance levels ("TraderSmarts Numbers") as well as Live Trade Alerts via www.tradersmarts.net.

How do you determine when to enter a trade? For system traders entry is not arbitrary. If the specified parameters are present the system executes. For discretionary traders we choose every single entry that we take. It is up to us to physically pull the trigger. Over time all discretionary traders develop a few “go to” setups. These are the setups that have proven time and time again to be effective and profitable.

One of my favorite trade entry setups is what I call the 1 2 3 Divergence. Continue reading "Trading Setups – The 1 2 3 Divergence"

My Favorite Super Bowl Commercial

When i watched this commercial just after half time, Yes, the game is still on, I instantly knew that it was my favorite commercial of Super Bowl 46. Very inspirational, great writing and of course the very believable Clint Eastwood.

Let me know What do you think?

http://youtu.be/_PE5V4Uzobc

Which Super Bowl Commercial was your favorite?

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NASDAQ closes at its best levels in over a decade … should you trust this move?

NASDAQ closes at its best levels in over a decade … should you trust this move?

Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 2/03/12.
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Big moves in the equity markets
Gold get slapped down
Crude Oil goes nowhere
and the world moves on

Always remember,

DON'T FIGHT THE MARKET … MOVE WITH THE MARKET

Now, let's go to Continue reading "NASDAQ closes at its best levels in over a decade … should you trust this move?"

It's Friday...Do you know how to find winning trades today?

Hello fellow traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 3rd of February.

How do you find winning trades on Friday?

Use "The 52-week new highs on Friday rule"! Here are the three rules you need to trade:

Rule # 1: When a market closes at or close to a new 52-week high on a Friday, buy and go home long for the weekend.
Rule # 2: Exit the long position on the opening the following Tuesday.
Rule # 3: If the market opens sharply lower on Monday, exit the position immediately.

"The 52-week new highs on Friday rule" works extremely well in futures and in the Forex markets. This rule can be reversed for "The 52-week new lows on Friday rule" if you are so inclined to trade the short side of the market. MarketClub members can easily find new 52 week highs using our SmartScan tool. Continue reading "It's Friday...Do you know how to find winning trades today?"

Unemployment rate falls to 8.3%

The unemployment rate fell for the fifth straight month after a surge of January hiring. Is this a promising shift in the outlook for job growth?

Is This Unemployment Rate Decline For Real?

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We would love to hear your thoughts on this topic, please leave us a comment.

Every Success,

The MarketClub team