We alerted you on Monday’s blog … did you buy gold?
Gold is once again front and center as yesterday’s inflation worries from the Federal Reserve pushed gold up dramatically.
Readers of this blog will know that we issued a buy signal on gold at $905 basis the spot market on 5/19/08. Since that time, gold has moved up dramatically to its best levels in several weeks. We expect that this trend will continue as our “Trade Triangle” is still pointing in the positive direction.
Can we see a pullback in gold? Yes it is possible, but the trend is clearly set to go higher.
After a losing trade, SEE THIS POST, it is sometimes very difficult for a trader to pull the trigger on a new signal. This is precisely the time to trade after a bad signal. The odds are in your favor. Our last losing trade in gold is being more than made up for with our last “Trade Triangle” buy signal on gold. To make money in the market you must be consistent and disciplined; two of the golden rules of trading. Every success in life and in trading, 
Adam Hewison Co-founder of MarketClub.com Be Our Guest We welcome syndication of our content in your blog or on your trading website. Please feel free to use our content with attribution - more details here to syndicate our content
10 trades and $32,000 later … Crude Oil continues to deliver
10 trades and $32,000 later … Crude Oil continues to deliver
The price of crude oil (NYMEX_CL) continues to move higher aided by speculative and hedge fund demand. However, this market has exhibited no signs of a blow-off which are typical of commodity market behavior when a top is reached.
We have continued to trade crude oil based on our “Trade Triangle” technology and have been extremely happy with the results. In this short video, I’m going to show all of the past and present signals and the success rate we achieved using MarketClub’s technology
Since the beginning of the year, we have traded crude oil ten times.Out of those ten trades we have seen eight winners, one loser and one scratch trade. A scratch trade is when you get in and out at the same price.
The trade signals are based on using our “Trade Triangle” technology for crude oil. The ten trades produced gains of $32,250 for each contract traded. This represents a return of 331% (so far this year) based on the latest margins of $9,788 supplied by NYMEX for a single contract.
How high can crude oil go?
Pick a number, any number and that’s how high crude oil can go. Right now world demand, and not just US demand, is driving crude oil prices. The U.S. represents only 5% of the world’s population, but the U.S. utilizes 25% of all crude oil supplies everyday. With India and China coming on strong with their own respective economies, there is going to be intense competition to acquire crude oil at any price. Demand coupled with a sharp decline in U.S.Dollar value (last 6 years) are all contributing to higher prices.
The greatest challenge to traders and investors is not the current price of crude, but it is emotion. Emotion will play a big part in the crude oil market in the coming months and years. To be successful trading in crude oil, traders need to eliminate all emotions. The only way I know how to do this successfully is by utilizing a simple market proven strategy like the “Trade Triangle” technology.
Enjoy the video, and if you have any questions please don’t hesitate to contact us. We have a willing support staff to help members, and if you have questions about joining MarketClub they can also help you with that as well.
Thanks for taking the time to watch the video,
Co-Founder, MarketClub.com
Be Our Guest
We welcome syndication of our content in your blog or on your trading website. Please feel free to use our content with attribution - more details here to syndicate our content
New Educational Trading Seminars
Tuesday, May 20th, 2008
FR: Adam Hewison, President INO.com
RE: New Educational Trading Seminars
Dear Trader,
Here’s your chance to tap into the world’s most comprehensive “brain trust” of market experts right from the comfort of your own home and watch your trading results skyrocket!
INO TV is the first collection of its kind ever made available to the public. This extensive library of trading seminars features 154 expert wealth builders on 547 streaming video and audio seminars. Each seminar is a step-by-step trading course that will show you how to generate a consistent approach in every market, using tested and proven techniques to create massive amounts of wealth.
INO TV is the only way for you to experience an actual trading seminar without the hassle of traveling far away from home, and without spending thousands of dollars for seminar and travel costs. You’ll learn from more trading experts at a far lower cost than you ever would have thought possible. In fact, it’s even better because with an INO TV seminar you can hit pause, rewind, and replay as often as you like!
Bringing the experts to your door is as easy as 1-2-3: The information contained in our seminars is a compilation of the exact strategies and skill sets that some of the world’s most brilliant money masters have used over the course of their trading careers. They’ve tested their techniques, made the obvious and not-so-obvious mistakes, refined and perfected their approaches to create their own personal fortunes. Instead of losing money by making your own costly mistakes, you can leverage the learning curves of the experts. It’s like having your own private council of coaches give you all the shortcuts to success!
Here’s Just A Small Glimpse Of What Our Experts Can Show You:
- How to spot and take advantage of moves that you can forecast years in advance.
- How to spot options trades that have a 95% chance of success.
- How to use professional money management techniques to lock in profits and cut losses to the core.
- How to experience in one year what it is like to make one million dollars. (One of our experts did just that and he will show you how he achieved that milestone and what it took to do it.)
The INO TV seminar series is the most comprehensive repository of trading information available anywhere today, and because we own all the copyrights, you’ll have a difficult or impossible time finding these materials anywhere else.
INO TV is for you if:
- You believe that the correct knowledge is essential to building your own personal fortune
- You want to find a trading approach that works with your personality instead of against it
- You’re interested in a more systematic, reliable, and stress-free approach to trading
- You want to profit from the same proven strategies that have made other traders wealthy.
- You want to make learning as efficient and as cost-effective as possible.
I urge you to take just a few minutes right now to learn more about INO TV. You’ll get a sneak peek at some of the experts who are featured in our seminar collection. Most of all, you’ll learn how INO TV can help you to bring in more trading profits, more quickly and more consistently than ever before.
Here’s to your best trading year ever,
Adam Hewison President, INO.com
Buy signal in gold today
Brief post: Buy signal in gold today at $905 basis spot. Market is trading at this level right now.
Adam Hewison
Gold follow up … was it a good or bad trade?
Hello,
I am not sure if you watched my earlier video on gold, but I wanted to put together a quick follow-up video in light of what has taken place in the last 24 hours.
A few days ago we released a new video on gold. It showed that we had a sell signal using our “Trade Triangle” technology. I thought it would be interesting to follow-up on this video as this signal did not work out as we expected it to.
Now many of you may think this was a bad trade. I happen to think it was a good trade and here’s why…
One of the keys to being a successful trader is to be disciplined and follow your trading plan, or in our case follow the “Trade Triangle” technology. While our last signal resulted in a loss, our previous “Trade Triangle” signals resulted in a very large profit.
I want to share with you a trade that did not work out and show you how you should react when in a negative trade.
It is a very short video, but I think it will teach you a valuable lesson about trading and how the markets really work.
Every success in life and in trading.
Co-founder MarketClub.com
The secret to finding winning trades …
I am often asked how I find winning trades in the market. I can easily answer that question in one word: MarketClub. Just like the thousands of other MarketClub members, I use our “Trade Triangle” technology every day to spot stocks, futures, precious metals and foreign exchange markets that are ready to move.
In this new video, I’m going to show you exactly how to find potential winning trades using our “Trade Triangle” technology.
Click on chart to watch video
This short video will get to the point quickly. That’s what I most like about MarketClub, it’s fast, and our “Trade Triangle” technology is definitely a winner with investors. The website shows me quickly and easily what markets are ready to move with only a few clicks of a mouse.
Take the time, watch the video, and if you have any questions you can call us or find more information and videos at MarketClub.com. Enjoy the video and give us your feedback when you have a chance.
Enjoy,
Adam Hewison
Co-founder MarketClub.com
Wheat plummets and we were there.
Click chart above to watch my new 2.40 minute video
Here’s a great article on wheat that AP put out yesterday:
Wheat hits 5-month low on good crop expectations
By STEVENSON JACOBS
AP Business Writer
(AP:NEW YORK) Wheat prices plunged to a five-month low Wednesday as investors bet that U.S. crop yields will meet demand and ease price increases for flour, bread, pasta and other foods.
Other commodities traded mostly lower in a broad sell-off, with crude oil retreating and precious metals also falling.
The United States is expected to produce 2.4 billion bushels of wheat this year, up 16 percent from 2007, according to U.S. Department of Agriculture statistics released last week.
"There’s just nothing out there to support wheat. All the crop yield estimates are bearish so that’s pressuring prices," said Elaine Kub, analyst with DTN in Omaha, Neb.
Wheat for July delivery fell 23.75 cents to $7.72 a bushel on the Chicago Board of Trade, after earlier falling to $7.65, it’s lowest level since December.
Wheat has shot up some 50 percent in the last year but is well off its all-time highs reached in March, when priced topped $12.70 a bushel.
A rally on Wall Street also pressured agriculture prices as investors shed commodities in favor of stocks, analysts said. The Dow Jones industrial average rose more than 100 after a better-than-expected consumer prices report helped ease inflation concerns.
Other agriculture futures traded mostly lower Wednesday. Corn futures for July delivery lost 6.25 cents to settle at $6.01 a bushel on the CBOT, while July rice futures fell 74 cents to $21.50 per 100 pounds. July soybeans, meanwhile, gained 5.5 cents to $13.85 a bushel.
In energy futures, crude oil fell after an Energy Department report offered a mixed view of U.S. petroleum reserves.
Light, sweet crude for June delivery fell $1.17 to $124.63 a barrel on the New York Mercantile Exchange after the EIA report said crude inventories rose by 200,000 barrels last week, less than the expected 2.5 million barrel increase analysts surveyed by research firm Platts had expected.
Other energy futures also traded lower Wednesday. June gasoline futures dropped 1.8 cents to $3.182 a gallon on the Nymex, while June heating oil futures slipped 5.59 cents to $3.643 a gallon.
In precious metals, gold futures extended their losses after the dollar ticked higher against the euro, diminishing the appeal of precious metals as an inflation hedge.
Gold for June delivery lost $3.50 to $866.10 an ounce on the Nymex after earlier falling as low as $860.
Other precious metals also traded lower. July silver dropped 18.3 cents to $16.645 an ounce, while July copper shed 4.45 cents to $3.687 an ounce.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Sell Signal in Gold
(Click image to watch video)
After trading a high of $1,030, gold hit an air pocket as all the hedge
funds bolted for the exit door at the same time. This mass exodus pushed
gold dramatically lower and close to the $900 level in just a few days.
Is the next stop $800?
Enjoy the video.
Adam Hewison
Co-Founder MarketClub.com
Be Our Guest
We welcome syndication of our content in your blog or on your trading website. Please feel free to use our content with attribution - more details here to syndicate our content
Trade Volatility not Affordability
By: Matt Zimberg
Today we’re going to discuss the use of stop-losses.
As much as most traders dislike placing stops, they’re part of the building blocks of a successful trading plan, and it does get one used to the fact that there will be situations where you are right in terms of direction yet nevertheless, you can get stopped out in the short term because of high market volatility.
That brings me to the second point. Many traders place stop-losses based on affordability instead of market volatility on the contract.
For example, take the 100oz gold futures contract. From the all time highs, we’ve had corrections of more than $100 ($10,000). So placing stops like $10 (1,000) is not exactly in your best interest. Even if you are a highly capitalized trader, it would be a bit hard to trade ranges like that. What to do?
1) Don’t trade it. If you can’t afford certain market volatility and daily trading ranges, seek those markets where volatility is lower and within your risk tolerance.
2) If you are keen on trading a certain market, you can wait until the volatility has dropped, namely the daily and weekly trading ranges are smaller.
Lastly, I have a certain market belief which is a bit biased, but this is something that I truly believe in. If after placing a trade, the market becomes favorable quickly, you should adjust the stops losses closer to the current price.
If the market’s moving slowly, the stop loss should be kept further away from the current price.
Slower moving markets could signal a fundamental change as opposed to fast moving markets that just signal a highly speculative activity.
I hope this will help you in your trading.
Best,
Matt Zimberg
President
STOP LOSS ORDERS MAY NOT LIMIT YOUR LOSSES TO THE AMOUNT INTENDED. CERTAIN MARKET CONDITIONS MAY GET DIFFICULT OR IMPOSSIBLE TO EXECUTE SUCH ORDERS. YOU SHOULD BE AWARE THAT THERE IS A RISK OF LOSS IN FUTURES TRADING. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
This weekend, I read several great articles on energy …
This past weekend, I had the good fortune to fly up to Maine to attend my father-in-laws wedding. Several days earlier my wife had taken our car and elected to drive the ten hours to open up our Maine house for the season. Because of time restraints, I had no choice but to drive to BWI and take a flight.
It’s what happened when I was inside the airport that I want to share with you today.
After I checked in for my flight at BWI Airport in Baltimore, I did what most travelers do. I wandered into the book and magazine store to pick up some light reading material for my flight.
What caught my eye was the bright lime green color along with this headline…
“If we don’t confront our energy crisis we’re screwed”
Now I think you’ll agree that it is pretty provocative headline and it definitely pulled me in. So I decided to pick up the magazine and thumb through some of the articles. I was so taken by the numbers and the depth of the articles that it decided to purchase the magazine.
On the plane ride up to Maine I began to read the articles and realized just how much work and research had gone into each and every article. I found I was devouring the articles and before I knew it I was landing in Portland, Maine.
Now our company is not affiliated in any way with this magazine, nor are we profiting from any advertising from the magazine or affiliate finders fees. I JUST THINK YOU SHOULD BUY THIS PARTICULAR COPY to get a real sense of what is happening, and what has happened in the world of oil, politics and dictators.
This particular issue really opened my eyes to many of the opportunities and disasters that we will all face in the future.
Enjoy,
Co-Founder MarketClub.com