Preparing for 2010 Demands Reviewing 2009

Today's invited guest blogger is "Forex" Joe Atkins the Chief Strategist of OU Forex Trading.  Joe is mainly focusing on forex in this article, but the principals can be applied to all markets. Please check out the article today. Feel free to comment below, and see a preview of the Forex project Joe's been working on for the past three months.

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Our self-esteem, or self-worth, is often based on our failures and successes in life. I challenge each of you to generate an honest appraisal of yourself before making a commitment to take back full responsibility of your financial affairs.

Some people have faced a few key failures in life and have never recovered, while it seems that people with high self-esteem take pride in how they have faced adversity and lived through adversity.

How did you fare in 2008 both financially and personally?

How have you faced adversity in 2009 both financially and personally?

Continue reading "Preparing for 2010 Demands Reviewing 2009"

Gold Update: New Video

After hitting our first upside target of $1,110 two days ago, gold prices backed off but still managed to close at their best levels today for a new record high close in New York basis the spot gold.

The question now is, what's going to happen to gold after it hit our first target level?

Continue reading "Gold Update: New Video"

Quick Note From A New Member

We received a message from a new member yesterday and I thought I would pass it along to Trader's Blog visitors. We love hearing stories like this...

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"I think MarketClub is a wonderful tool, and I'm looking forward to learning how to use it to help me make better trading decisions than I would otherwise make if I didn't have the benefit of MarketClub's analysis.

In fact, it's already made me money (or, rather, saved me from losing money)!  Let me explain.  Like I said, I'm a very new customer of yours, having only had the product since last week Thursday.  I entered my entire Portfolio and studied the resulting Charts with Trade Triangles and Scores that evening. I didn't like what I saw when it came to MELA. So Friday morning I sold my 420 shares of MELA at $9.61. Today, Monday, MELA is now at $8.36. That's a difference of $1.25 which, when multiplied by my 420 shares = $525.00! So, having avoided that loss, it's like getting over a full year of MarketClub service for free! Imagine how happy I am to have made the decision to subscribe to MarketClub!"

Mike M.
Detroit, Michigan

Traders Toolbox: Forward to Gann Theory 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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"To TRULY be a success at almost any profession takes commitment — the type of commitment which comes from the heart, not the mind. Most successful people I know have a dedication towards their chosen path which was forged through hunger. Hunger for knowledge, hunger for power, hunger for wealth, and, in many instances, the hunger associated with survival. It’s hard to be “rich” if you haven’t been “poor”; “happy” if you haven’t been “sad”; or “satisfied” if you haven’t been “hungry”.I believe Gann’s biggest secret consisted of hard work and common sense. Hard work follows a true commitment and a desire to learn. Common sense is sharpened by the process of learning from experience. In my opinion, THERE IS NO SUBSTITUTE FOR HARD WORK AND AN OPEN MIND.

In trading commodities, a critically important..."

Revisit the Trader's Toolbox Post: "Forward to Gann Theory" here.

New High on the DOW ... Now What?

The Dow jumped to new highs for the year, extending its gains from the lows seen in March.

What does this mean for the future?

The Dow is now within 100 points of being into thin air as it has retraced close to 50% of its down move. The NASDAQ has already done this, and the S&P 500 has come very close to achieving this goal. Clearly the trend continues to be positive for the Dow with today's new highs. The other two indices, while closing very well and on an upbeat note, must clear their previous highs to start another push to the upside. It remains to be seen whether or not that will take place.

Continue reading "New High on the DOW ... Now What?"