The dollar had a strong day yesterday, but did it hold true for today's position? What is the next target zone for crude oil? These are just a few questions I address in today's market update. Also, don't be afraid of our "Parabolic Studies" tool. It can help you better understand the trend lines.
Don't miss today's precursors for tomorrow's trades!
Click here to view MarketClub’s full Livestream library
Every success,
Adam
Do you smell something burning? It must be the metal markets because they're on fire!!! Need a hot ETF for your portfolio? We've got that too. See what you missed from today's market update. Be sure to join me LIVE, every weekday at 1PM ET for current, actionable data for your trades.
Click here to view MarketClub’s full Livestream library
Every success,
Adam
Today's big event...Metals and Oil come back with a vengeance! Where will the dollar go? Crude oil, inflation, formations, oh my! I'm sorry you missed this exciting update, but no worries. It is still available for you to see. Also, see what our Trade Triangles showed us regarding stocks, silver, and gold.
Catch what you missed and join me tonight at 7 PM (ET) for MarketClub TV!
Click here to view MarketClub’s full Livestream library
Every success,
Adam
Over the past few weeks I’ve shown you video examples of how you can use three powerful, yet straightforward indicators – the Donchian Channel, Williams %R, and MarketClub’s Trade Triangles – in combination to quickly find and grab some not-too-shabby profits in sideways markets.
Today I’d like to take a closer look at one of them – the Donchian Channel – and how misusing it could sink your trading portfolio.
If you’re new to trading, today’s post is a must read.
Continue reading "The Danger of Donchian Channels – Never Swim Alone"
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.
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