------------------------Click here for a sneak preview
Red Daily Gold Trade Triangle
Short-term traders enter a short position on a RED Daily “Trade Triangle” @ $1,369.27 today
Intermediate-term traders remain on the sidelines
Long-term traders hold long positions
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Poll: Is crude heading higher once again?
Earlier this week I posted about the crude market and the best indicators (in addition to our "Trade Triangles") for conquering this sideways, but slowly rising, market. Could crude oil eventually head toward or beyond the highs seen in 2008?
Loading ...As always instead of just giving my views on the markets, I like to hear our Trader's Blog readers' opinions as well. So after you vote, tell me what you think in our comments section.
Want to hear more about what the "Trade Triangles" and other technical indicators have to say about the energy sector? Click here to enroll in MarketClub's Energy Webinar on Thursday, January 20th at 4pm EST/8pm GMT.
A new market, but the same indicator we've been using all week to conquer it
You only have to watch my earlier videos to see that it has performed very well this week in gold as well as the crude. In today’s short video I want to share an ETF that is setting up nicely and should be giving us a buy signal using the same strategy that we used in the earlier gold and crude oil videos.
This ETF which closely follows the Swiss Franc (symbol FXF) is one you may want to take a look at. As you may be aware, the Swiss Franc is independent of the euro zone and is a separate currency that is backed by the Swiss government.
Continue reading "A new market, but the same indicator we've been using all week to conquer it"
Classic video, every day knowledge
We have posted this video a couple times on the Trader's Blog and the reason we keep posting it periodically is because of the positive response we get each time.
We invite you to have a look at this extremely educational video that may be dated, but provides timeless trading knowledge.
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Many investors attempt to incorporate candlestick charting into their trading plans, however few know why this tool has become so popular. Continue reading "Classic video, every day knowledge"
