Traders Toolbox: Candlestick Formations Revisited...

Trader's Toolbox

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 -- with objective and unbiased recommendations not available from brokers.

The Trader's Toolbox posts are just another free resource from MarketClub.

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"Japanese candlesticks, which have been enjoying the spotlight in recent years, are difficult to explain in oneCandlestick Chart broad brush. Candlesticks draw on the same open-high-low-close data as do bars. Here the length of the bar, or “candle,” is determined by the high and low, but the area between the open and close is considered the most important.This area, the “body” of the candle, is filled with blue (or white for most charting programs) for closes higher than open, and is filled with red (or black from most charting programs) for down days. The wicks above and below constitute the “shadow” of the candle, or high or low.

No pattern is 100% correct, but these formations are often time incorporated into many mechanical systems and can provide as great information source for the naked eye...."

Revisit the Trader's Toolbox Post: "Candlestick Formations" here.

The MarketClub Minute - Lesson 1

Our passion at MarketClub is to educate traders and in this spirit, Adam invites you to take just one minute out of your day for the first of his 8 part MarketClub Minute series. These 8 tips that have made him a better trader and can only help improve your trading as well.

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Every Success,
Adam and The MarketClub Team

Day Trading E-mini Index Futures - 9 Key Trading Concepts

Today I'd like everyone to welcome back Marc Nicolas from Tradingemini.com. Marc would like tip his hand a bit regarding his methods for trading the E-mini and how he tries to avoid being the 90% of traders that lose money! Please feel free to comment below with any questions or insight for Marc, and be sure and check out his site Tradingemini.com for a free webinar.

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Trading is inherently risky, but by following nine fundamental money management rules, you keep your capital safe while building your trading experience.

Our 9 rules to keep you in the 10% winning club vs. 90% of traders who lose money:

1. Look for high volume markets with a thin spread - Orders are filled quickly and it has high volatility so there are opportunities for 2 to 4 good trades during the day. The E-mini S&P500 Index Future is a good example of this type of market (Each point is worth $50, split into 4 ticks of $12.50 and there are 4 contracts a year, traded on the Chicago Mercantile Exchange).

Continue reading "Day Trading E-mini Index Futures - 9 Key Trading Concepts"

Saturday Success Story - Robert, California

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...

"First, let me say how great your staff is. Very cordial, informative and friendly for sure.

Direct to trading: Years ago I made a bundle in the tech boom, yet, gave it back to the market simply by not selling. Since that time I've studied, gone to many seminars, opened real and demo accounts, purchased IBD, Vector Vest, Optionetics, Investools and numerous others programs. They're all good in their own right.

However, one program stands out, i.e., INO's MarketClub. Its the first program I open to review a stock or fx pair and the last one I close. I have personally recommended it to all my trader friends and have succeeded in having more than few actually sign up. I love the simplistic view, function and analysis. Whether I am looking for an entry point in a trade or a point of reference to exit a trade I first take all the signals off, make my own decision, then confirm with the very timely and useful weekly/daily green, red arrows.

It's important to cut to the chase. Noise is noise, who needs it? The new format is proof that no one is sleeping on the job at MarketClub headquarters. I like the scans, alerts, portfolio manager, drop down charting assists. Fundamentals, technicals are a marriage in trading. No one knows it all and no one program does it all, yet, I have said this often; "If I were on an island with a 10K account, satellite laptop, and could only have one trading software, it would have to be MarketClub." I've said that to the few hundred people I have personally spoke to regarding the amazing value and worth of the windows into trading MarketClub allows.

So many times I'll call to ask a question then begin asking the person if they trade and begin offering advice. Why I do this I don't know. Guess I believe I've something sincere to share because of my experiences in the market both positive and negative. I've learned a lot. Yet, one thing is for sure, you may whine, you may cry, yet, your not getting my MarketClub from me, no way, no how. It's Great.

I especially like Adam’s whiteboard videos. I've watched every one and store them, emailing them out to my trading group here in San Diego. Because of me, many here know about MarketClub. All I can say is that I think Adam Hewison is a great trader who is sincerely "giving back" by creating and offering this very complete piece of trading software.

One last sharing: I am beginning to make money again, buying AND selling. Yea!

Please continue on with the good work. Can't imagine how you could possibly improve upon the current version, yet I am sure you will. Once again, thank you Adam and staff.
I could write more, yet, enough is enough." ~ Robert B., California

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.

A Market 'Tell' That Works: Breadth and Depth (With a Twist)

Today, James from FreeTradePicks.com has put together a compelling article about how you can use volume to improve your trades. After you read it, he invites you to register for the FreeTradePicks.com newsletter to receive all of his updates.

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For those of you who think the market does not drop hints about its next direction, don't be so sure. While the major indices do not send explicit telegrams as to their intent, some subtle clues can be gleaned if you just know where to look. We have found that careful study of breadth and depth is quite effective at spotting looming trend reversals.

Continue reading "A Market 'Tell' That Works: Breadth and Depth (With a Twist)"