Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,382.62 today and remain neutral for now. This short-term trade produced a profit of just over $17 dollars an ounce.
Intermediate and long-term traders hold long positions.
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We have been trading the ETF FXE for some time now in MarketClub's Perfect "R" Portfolio and today we exited our long position at $136.64, which produced a profit of $8.14 a share.
This market has performed very well for us and we have only had two major trend changes for the year so far. The FXE is an ETF that mimics the Euro versus the US Dollar, so there's always plenty movement which equals opportunity in the market. That is one of the principal reasons why we chose to include this ETF in the Perfect "R" Portfolio. Continue reading "Another nice profit in this ETF"
October has been a busy month for gold. First, it hit a record high on October 18th at 1386.72 and gave all of our gold bugs reason to say I told you so. Then, earlier this week gold took a small dive prompting an exit signal via the "Trade Triangles" for short-term traders. Here at MarketClub, we've been hearing talk of a gold bubble, but what do you think?
Loading ...We invite you to tell us what you think about this market that has everyone talking.
Every success,
The MarketClub Team
Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there's no one else left to buy.
Another tip-off was on Fox Business News and also on CNBC indicating that gold was going to hit $1400 almost immediately. Well after Tuesday, we know what was to happen to the price of gold. If gold were so strong, should it really have gone down almost $70 in 4 days?
Continue reading "The #1 Reason Why Gold Collapsed (New Video)"
Short Term Traders exit long position on a Daily Red Trade Triangle @ 1,356.22. Intermediate and Long Term traders remain in a long position
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