Short-term traders back long gold
GOLD ALERT: Daily “Trade Triangle” signaled an enter long gold position today at $1,241.85. Spot gold is currently trading at $1,246.35. Intermediate and long-term traders remain long gold.
Short-term traders should be out of gold …
GOLD ALERT: We were stopped out of gold yesterday (8/30) at $1,233.35. Spot gold is currently trading at $1,235.20.
Saturday Success Story – James, Wisconsin
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 have subscribed to several advisory services, with mixed success over the last 2-3 years. I have been so impressed with the Trade Triangles that I now only make a trade if the Trade Triangles agree with the advisory service recommendation. My success rate has greatly improved.” ~James O., Wisconsin
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.
Why weekly charts work
Many traders get so involved with the market on a daily or even an intraday basis, that they somehow lose out on the bigger picture. Weekly charts are enormously helpful in giving clues to the future direction of the market.
In today’s video we examine one of the biggest markets in the world, the S&P 500, using a weekly chart. The video runs about two minutes in
length and I think you will find it both educational and informative.
As always our videos are free to watch and there are no registration
requirements.
Enjoy the video and be sure to comment on our blog.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
The Currency Exchange Trap In Trading Global Markets
Dean Whittingham created A Traders Universe – Trading System Development in 2005 as a resource site for traders of all levels, with education, courses, brokers, tips, free videos, newsletters, trading systems, simulations and a free 7 step process for building a profitable stock, futures or forex trading system. Read how Dean illustrates how the change in currency exchange rates effect the overall performance of any overseas trade on your financial statement.
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Picture this: you live outside the US, let’s say Australia, you think the price of Oil is going to appreciate over the next month or two. Your options are to buy the commodity through the futures markets, buy a CFD, or buy an ‘oil’ based ETF. Either way, you will be buying an oil based asset and in which currency? The US dollar.
What happens? Well the price of Oil appreciates, and low and behold, so too does your purchase (whichever that may be), in fact it appreciates 20% over two months. Nice! Then something strikes you. You look at your financial statement only to be reminded that your sale price has been converted back to Australian dollars; naturally, this is where you live and so too does your broker. Read more
Back in the swing of things, or not?
It’s nearly September and that means that kids are going back to school, summer vacations are coming to an end, and fall is right around the corner. Typically fall brings many investors back to the markets, but lately the markets have been hectic and unforgiving with nothing but bad news raining down from all corners of the economy. Does that mean some of us will be sitting on the sidelines a little longer, or perhaps altogether?
Loading ...We’re interested to hear what you have to say about your stance in the markets for the remainder of 2010, so please leave us a comment below.
Best,
The MarketClub Team
Gold Alert!
Buy Gold (FOREX_XAUUSDO) Long Position on a Daily Trade Triangle @ 1,232.39
Place Your Gold Stops Here …
GOLD ALERT: We are moving our gold stops up to $1,222.10 today basis spot gold. Spot gold is currently trading at $1,224.60. This will lock in a $12 profit on the earlier alert we showed you on this blog.
Classic Trading Videos
Over the years, the trades you take will change, but the fundamentals you need to trade will always stay the same. With this in mind, we’ve dug into our vault and pulled out some of the best, most worthwhile Classic Trading Videos we could find.
These trading classics are only available for a limited time, so we suggest that you sign-up today before we take them offline for good.
Reducing Risk In Options featuring Larry McMillan
Larry McMillan explains just how easy it is to trade options. In this fascinating trading seminar, Larry shares his a short-term trading system and philosophy on options. Larry is a best-selling finance author and an expert on options trading.
Simply visit the link above and tell us where to send the link and password to watch this educational trading seminar.
Every success,
The MarketClub Team
Saturday Success Story – Barry, Texas
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…
The next thing I like a lot is the customer service. Whenever I have a question about something, the staff is always attentive and most helpful in getting my questions answered or problem solved.” ~ Barry M., Texas
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.
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