Using Chart Patterns to Become a Better Trader

Posted on by The INO.com Team

Reading chart patterns is one of the cornerstones of technical trading. Expert technical traders can take one look at a chart and give you a complete analysis based on the formations that they see.

Today, courtesy of TraderPlanet, we're sharing some of the basic chart patterns and their meanings so that you can implement them into your trading strategy.

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Basic Chart Patterns: Reversals

Like their name implies, these patterns suggest that one trend is ending and the market is ready to begin another trend in the opposite direction or, perhaps more likely, move sideways for a while. As with continuation patterns, a trendline is the basic pattern to watch. If prices break through a trendline and then follow through in the same direction, this is the best evidence of a trend reversal. Keep in mind that all chart patterns apply to all trading time frames – daily, weekly, monthly, yearly, hourly or even minute-by-minute bar charts.

Double tops - This phenomenon occurs when prices reach a fresh high, back off from that high, re-test the high and back off again. The longer the time between the “twin peaks” of the highs, the more powerful the chart signal is likely to be. Variations of this pattern that look somewhat similar are called “M” tops or 1-2-3 swing tops, but the second high is usually lower than the first high for these patterns. In all of these cases, the key points are the highs, which mark a barrier that becomes strong resistance, and the interim low. If prices drop below that low, the top is confirmed, and it is signal to sell. Continue reading "Using Chart Patterns to Become a Better Trader" →

Will the euro bailout work?

Posted on by The INO.com Team

Early Monday morning, European officials approved an enormous rescue package aimed at stabilizing its debt crisis, but is this a fix that will last, or only a temporary band-aid on a much larger problem? Vote below and leave your thoughts in our comments section.

How to take money and emotion out of the gold market

Posted on by The INO.com Team

Perhaps no other market in the world elicits such emotion and passion than the world's gold market. One only has to mention gold, and theories just come out of the woodwork in regards to conspiracy, market manipulation, and a host of other less than savory subjects.

So what's a trader to do?

Continue reading "How to take money and emotion out of the gold market" →

The Future of U.S. Offshore Oil Drilling

Posted on by The INO.com Team

As a successful investor in the energy and technology sectors for over 35 years, today's guest blog poster,  David Fessler of Investment U, knows a bit about the one of our favorite markets - crude oil. We've all heard about the recent oil rig explosion and subsequent oil slick plaguing the Gulf of Mexico, but we invite you to read below as David points out of some facts you may not know, as well as the oil companies you may want to add you your portfolio in the near future.

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Can you hear that scurrying sound?

It's the sound of expensive shoes scampering across the floor of BP's (NYSE: BP) legal department, as hoards of lawyers try to minimize the financial damage to the firm from the Gulf of Mexico oil spill.

Lawsuits against BP and the other companies responsible are arriving by the dozen. And environmentalists are predicting carnage for marine life in the Gulf.

Many onlookers, blitzed with TV images of wildlife choking and dying in thick sludge and Southerners fearful of losing their livelihoods, would probably subscribe to the "take 'big oil' to the cleaners" viewpoint.

And as shares of the companies involved get hammered on the market, few have much sympathy for them.

Let's take a look at the facts as we know them... the ramifications for the parties concerned... and draw some less emotional conclusions about where we go from here with regard to the future of offshore oil drilling... Continue reading "The Future of U.S. Offshore Oil Drilling" →

Saturday Success Story - Marty, England

Posted on by lindsay

At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.

Here's great news from a member...

"If you want to make money, get MarketClub; it’s as simple as that. All you need to know is that it works like a treat, plus Adam is amazing with his knowledge and his videos. It’s like the Nike ad says, ‘just do it." ~ Marty B., England

To send your own success story, please email

bl**@in*.com











. We wish all of our members the best and we look forward to hearing your success story.