Mad Money vs Trade Triangles ... which is better for you?

Posted on by The INO.com Team

Every once in a while, I like to flip the TV channels and watch Jim Cramer on CNBC. It's not that I think that Jim Cramer is a spectacular trader, I just think he is a talented and amusing guy. The last time I tuned on the tube, CNBC's Jim Cramer was naming his top five picks to get you through these recessionary times.

So with pencil in hand, I quickly scribbled down his top five stock picks on a piece of paper and shoved it into my pocket. I actually forgot about Mr. Cramer's picks until today when I found this crumpled piece of paper with my handwriting on it. This paper listed the five stocks that Mr. Cramer picked on the close of business on January 8.

Read more here and stay on the blog:

So here are Mr Cramer's top 5 picks and where they closed on 1/08/09:

Adam Hewison

President, INO.com
Co-creator, MarketClub

3 thoughts on “Mad Money vs Trade Triangles ... which is better for you?”

  1. Hey ADam,

    One question, when do you use the monthly for the trend and the weekly for the entrance, and when do you ise the weekly for the trend and the dailys for the entrance, can you clarify that.

    Thanks

    1. Victor,

      Below is out suggested technique. Please don't hesitate to contact us if you have any further questions @

      su*****@in*.com











      .

      Equities

      http://broadcast.ino.com/lessons/methodequities/ - click to see video

      Monthly Triangles determine trend and possible entry points.

      Weekly Triangles determine timing : exits, entries and re-entries.

      The last triangle issued on the monthly chart should always be used to identify the overall trend. You can also use the monthly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the weekly triangles for possibly exit and reentry points, or entry points if your monthly is in a steady trend.

      Key Rule: always trade with the trend. Make sure your weekly and monthly triangles correspond in direction.

      *If you are a shorter term trader, it is possible to use the weekly triangles to determine overall trend and possible entry point and the daily chart to determine individual timing points. Please be aware of the short term whipsaws, and lack of overall trend strength.

      Futures & Forex

      http://broadcast.ino.com/lessons/methodfutures/ - click to see video

      Weekly Triangles determine trend and possible entry points.

      Daily Triangles determine timing : exits, entries and re-entries.

      The last triangle issued on the weekly chart should always be used to identify the overall trend. You can also use the weekly triangle as a potential entry point if you can get into the market within the last 3 trading days of the signal. Then you are to look at the daily triangles for possibly exit and reentry points, or entry points if your weekly is in a steady trend.

      Key Rule: always trade with the trend. Make sure your weekly and daily triangles correspond in direction.

      Best,

      Lindsay Thompson
      Director of New Business Development
      INO.com & MarketClub

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