In observance of Memorial Day…
In observance of Memorial Day, the US markets as well as our offices will be closed. The staff here at INO.com and MarketClub want to thank the men and women of the U.S. armed forces who have died serving our nation.
We hope everyone enjoys this day of remembrance and we will see you bright and early tomorrow.
1 more day to ‘Like’ MarketClub & win an iPad!
If you haven’t join us on Facebook for MarketClub updates, discussions, and the chance to win a brand new Apple iPad, time is running out! Our sweepstakes ends tomorrow, so head over to MarketClub’s Facebook page by clicking the image above and registering on the ‘Sweepstakes’ tab.
One lucky fan will be announced as the MarketClub Fan iPad Sweepstakes on Wednesday – and it could be you!
Saturday Success Story – Sham, India
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…
“I am a new member having joined after the new charts came online. The information available is fantastic and easy to use, the learning curve is short and the customer service is commendable, informative and to the point.
The videos (the tutorials and the blog) are amongst the best I have come across.
I would recommend this site as suitable to both novice and professionals as it has something for everyone and is good value for money. Adam’s trading videos gives the impression he is talking to each one individually.
Great job and well done, Adam.” ~ Sham B., India
To send your own success story, please email blog@ino.com. We wish all of our members the best and we look forward to hearing your success story.
Trending And Trading Markets – Finding The Best Indicators For Each
Today’s guest is Karen Stanlake of RangeTraders.com. Karen is going to tell us about the difference between trading and trending markets and some tools she uses in each market condition.
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Markets will either trend or trade. That is, they either move up, down, or go sideways. A common mistake is applying the wrong indicator to the wrong market condition. That would be like wearing a winter coat on a July afternoon in Phoenix!
There are some strategies that do use both types of indicators simultaneously, usually on multiple time frames. That’s beyond the scope of this article, but here are some ideas to help ensure your charts are properly attired for the market you’ve chosen to analyze. Read more
We are back in the gold market
After exiting all long positions at 1217.72 on 5/18, we reinstated long gold positions seven days later on 5/25 at 1196.57.
As many of you know who watch my videos, we use our weekly “Trade Triangles” for trend direction and our daily “Trade Triangles” for timing entry and exit points. It was those daily “Trade Triangles” that flashed a buy signal on 5/25.
Given the chaotic state of the world and all the cross currents that are running in the banking system, we would not be surprised to see gold once again climb up and challenge the $1,250 level. All of our “Trade Triangles” are green and 100% to the upside. This indicates that a strong trend is once again in place for the gold market. Read more
The return of the Greek drachma … it’s coming
The reality is, the world is in a whole mess of debt and it’s all coming due at the same time.
Make no mistake about it, the situation in Europe is dire. The problems with Greece are well known. The problems in Spain are growing, and the problems in Ireland and Portugal are about to rear their ugly heads.
I’m not going to rhapsodize about the problems in Europe, they are well known and are manifesting themselves in the price action of the world markets, however, in this short video on the euro I want to show you how monthly charts and our “Trade Triangles” tell the story and show the trend very clearly. I also show you a simple method that you can use in your everyday trading to estimate how far a move can go. Read more
One year later, reality sets in
It’s been just a little over a year since we had our first major buy signal for the S&P 500 at 888.70 on 5/4/09. Since that time, the S&P 500 has climbed approximately 61.8% from the lows that were seen in early March of ’09 and the highs that were seen in October of ’07.
We take our “Trade Triangle” technology very seriously and this signal today (5/25) at 1044.50 is our first major sell signal since 7/1/08 at 1,272.00 and should not be ignored.
There are a whole host of problems that are coming due around the world that will have negative consequences for the equity markets. The problems in Greece and Europe are well known and are likely to continue for the balance of the year. This is going to have a negative impact on markets in general. Read more
4 Steps to Mental Toughness for Short Term Traders
As all MarketClub members know, psychology is a major factor in both investing and short term trading. Chris Dunn, from the Emini Academy, is a major proponent of developing the proper mental mindset of a professional trader, and this week he’s contributing a helpful post on four steps you can take to have a strong trading mindset.
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In my opinion, day trading is top on the list of mentally stimulating professions. It requires a mental toughness unparalleled by any other business. For example, the influx of emotions and sensations felt by someone in a short-term trade can bring on fear stronger than that of certain death, or a euphoric sensation as if you just inherited a windfall of profits.
To become a professional trader with the ability to thrive in all market conditions, one must develop understanding and control over their personal psychological strengths and weaknesses. In this article, we will talk about 4 steps that can help you develop a strong trading psychology and confidence to become a top-level day trader.
Step 1 – Build a Strong Foundation Read more
Market Alerts!
Gold – FOREX_XAUUSDO Enter long position on a Daily Green “Trade Triangle” @ 1,196.57
Attn “Perfect Portfolio” followers: SPY - Enter short position on Monthly RED “Trade Triangle @ 104.58
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