Elliot Wave, Fibonacci and, Candlesticks: Part 2

Today's guest is Gary Wagner of The Forex Gold Forecast who shared shared part one of his unique triple-play of forex gold analysis in a blog post titled, "A New Technical Triad and Gold". In part 2 of his strategy, Gary explores what is now happening in the gold market and what we might expect before fall.

We hope you enjoys today's post and leave your comments for Gary below.

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Where Might Gold Head This Summer

Trading the gold market might look easy when you consider that it has gone up $282 dollars in one year. However anyone involved in gold trading whether it be through Comex, Forex or Eft’s will tell you different.  This is part 2 of a blog which began on May 13, 2010 (you can find that post here).  In part one we spoke about the relevance of using Elliot wave, Fibonacci retracement and candlestick patterns as 3 tools well suited for market analysis and forecasting gold prices. This part two will continue where we left off. On May 13th we were nearing the top of wave 3 in Forex gold. Since that time we have completed that wave, seeing gold trade to a new historical high of first 1248, then after a correction (wave 4) to a new all time high in wave 5 of 1265.

Continue reading "Elliot Wave, Fibonacci and, Candlesticks: Part 2"

Buy and Hold Is Dead: Tools for Surviving a Traders Market

The last time Mark Young posted on the Trader's Blog, he shared his views on a contrarian way of looking at the popular MACD indicator. Today, however, he is writing about something many of us have probably never heard of, "sentiment trading".

Mark has been an active investor in equity and options markets since 1983, and has been publishing his unique research and trading services since 1992. We hope you enjoy a look at this unique strategy he has developed and leave a comment for him here on the blog. We also encourage you to visit his site, WallStreetSentiment.com.
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For much of the past 25 years until recently, with some notable exceptions, "Buy and Hold" has been a challenging benchmark to exceed. While many active investors have "beaten the benchmark"  during that period, many investors were or would have been better served by simply taking a passive approach and allowing the market to provide them with historically impressive returns.

I hold, however, that those days are gone, and gone for the foreseeable future. The demographic factors that helped to drive the outsized gains of the 80's, 90's, and 00's are now working against even garnering mediocre long-term gains. To make matters worse, it is looking like the tax policies of the future are likely to become much less favorable to investing, capital formation, and economic growth. Continue reading "Buy and Hold Is Dead: Tools for Surviving a Traders Market"

Learn to scan for trades using MarketClub

Tomorrow MarketClub experts Jeremy and Susan will be covering MarketClub's scanning features during our, "How to Use MarketClub's Scanning Tools" webinar. From being able to scan for new "Trade Triangles" to using our Smart Scan to find new 52-week highs and take advantage of Adam's "52-week highs on Friday rule", you'll gain a new perspective on using these tools.

This webinar is open to everyone, so whether you're already a member and want to get more out of the service, or thinking of joining, register today to take advantage of this free MarketClub training opportunity.

Register for MarketClub's Scanning Webinar - July 1st at 4pm EDT / 8pm GMT

If you can't make it to the live presentation, don't worry, the recording will be posted on our Bonuses and Videos page.

We hope to see you there!

The MarketClub Team

Here we go again?

It's summer and typically the only "double-dip" most of us would like to be thinking about has to do with ice cream. Unfortunately, whispers of a "double-dip recession" have grown to a shout after warnings voiced at the G20 Summit in Toronto, Canada.

Some economists say the writing is on the wall, citing signs like last week's dismal housing report and a drop in commodity prices, while others are saying that these claims are unfounded and a second recession, unlikely.

Vote below and tell us what you think in our comments section.

A lesson in Fibonacci trading

We have had a number of requests to do a video on Fibonacci retracements and how they can be used in trading.

I put together this five minute lesson on Fibonacci trading and how I use this important tool to determine turning points in the market. Like all tools, it has its flaws and should be used with other complementary tools like our "Trade Triangle" technology.

I hope you enjoy this brief lesson and it helps you understand how to use this important tool.

As always our videos are free to watch and there are no registration requirements. I hope you have the time to comment on our blog and tell us if this video helped you understand this important trading tool or how you're already using it.

All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub