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
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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hi, don't know if you got my question since it hasn't been posted.
wanted to know if your short on SPY was still in effect? if so, at what point do you get stopped out? the trade hasn't gone well for me so far.
Steve
Hi Steve,
Yes, we are still short the SPY. The monthly "Trade Triangle" indicates a strong downtrend in the long-term. While this ETF has shown a little strength with our daily "Trade Triangle" both of the longer-term indicators are holding the down-trend pattern.
Best,
Susan Jackson
Director of MarketClub Education
INO.com and MarketClub
Susan -
Hi. I am brand new to market club and I have learned how to take trade signals by waiting for a monthly trade triangle and then waiting for a weekly.
How to decide what to do in a case like the SPY where you had a monthly green in effect since May '09 .. then you had a weekly red pop on 5/4 then different daily signals pop up. Then, finally a monthly red on on 5/25.
I understand that people may have their own routine .. but what are the guidelines in the basic system. Technically, should we be waiting for a weekly red on SPY to keep within that monthly-weekly system?
Hi Thomas,
I apologize for the delay. I've been out of the office for a few days, but I'd be happy to try and clear up any confusion with the "Trade Triangles".
Depending on what you are trading, MarketClub has recommended strategies which tell you which "Triangles" to follow. You can see the complete guide here:
http://club.ino.com/trading/marketclub-help-section/flash-charts/trade-triangles/how-do-i-interpret-the-trade-triangles-when-would-i-enterexit/
The SPY, for example, is an ETF (exchange traded fund). ETF's are traded using our long to intermediate term strategy using the Monthly "Trade Triangles" for trend and initial entry points and the Weekly "Trade Triangles" are used for exits and re-entries.
SPY is also in MarketClub's hypothetical "Perfect Portfolio" which tracks four ETFs (SPY, GLD, USO, & FXE) and is traded using an ultra long-term strategy which only takes the Monthly "Trade Triangles" into consideration.
I hope this helps, but if not, feel free to call our member services team at 1-800-538-7424 or email
su*****@in*.com
.
Best,
Susan Jackson
Director of MarketClub Education
INO.com and MarketClub
sold the spy jun 110's for an 11% gain,,,,, in cash and holding,,,,
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YeOldGoldNugget has gone long on Gold at $1177!
But at 1196...still a pretty decent entry.
Good luck all.
Hello Sir,
I Cant Understand What Is Meant By
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
Kindly Breif Me Urgently .. Am Waiting...
Thank You.
Hi Mehrooz,
The forex gold spot alert is indicating that MarketClub's "Trade Triangle" technology has signaled a buy for gold via a green daily "Trade Triangle" on the chart.
As for the "Perfect Portfolio" SPY alert, this was signaling that a monthly red "Trade Triangle" was triggered on the ETF, SPY which signals a long term short in this market. You can learn more about the "Perfect Portfolio" here:
http://club.ino.com/trading/index.php?s=perfect+portfolio
Best,
Susan Jackson
Director of MarketClub Education
INO.com and MarketClub
Justin
I believe the call IS to be short, not long, SPY.
Cheers
Why are we getting a recommendation to go long gold on a daily buy signal? I thought we were to act on monthly and weekly signals.
Currently the monthly, weekly and daily trade triangles point up.
Gold and Oil use the Weekly for Trend, Daily for Timing (single commodity ETFs)
SPY & UUP use Monthly for Trend & Weekly for Timing (basket EFTs)
buy
NO READ WHAT ADAM SAID ! NO NEW GOLD HIGHS THIS YEAR ! PLEASE LISTEN TO ADAM HE IS NEVER WRONG ! THIS IS A FALSE MARKET ALERT ! REFER TO THE POST ON ADAM SAID !
PLEASE PLEASE REFER TO THE COMMENT TO GAJENDRA UNDER THE HEADING " THE MARKET BULLS WILL THROW IN THE TOWEL AT THESE LEVELS " MAY 25 2010 2010-05-24 17:06:10 AND I QUOTE " Tomorrow will be high or day after,Gold will start second leg of downward journey...... ARE YOU SURE THE MARKET ALERT IS CORRECT ? LONG ON GOLD WHEN GAJENDRA SAYS IT IS GOING DOWN SOON ? GAJENDRA ONLY SMOKES THE BEST HOMEGROWN GANJA AROUND ! HE KNOWS WHAT HE IS TALKING ABOUT ! LOU... YEAH THE ONE WHO DISPUTED ADAM WHEN HE SAID GOLD WOULD NOT MAKE A NEW HIGH THIS YEAR AND I SAID IT WOULD DUE TO CONDITIONS GOING ON IN THE WORLD TODAY ! HAAHAHAHAHAHAH
ARE YOU SURE ? !!!! GAJENDRA SAID GOLD IS GOING DOWN SOON ! I HOPE YOURE SURE OR IT COULD BE GAJENDRA HAS BEEN SMOKING TOO MUCH HOME GROWN GANJA !
WAIT NO NO NO YOU SAID GOLD WOULD NOT MAKE A NEW HIGH THIS YEAR ! WHAT THE HELL IS GOING ON ! HEYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
my 24.96% gain says i'm right so far,,,
good luck,,,,
ô¿ô™
sold the spy, jun 105's for a 62.4% gain,,,,, re-entered spy just before lunch with the jun 110 calls,,,,,
ô¿ô™
Thanks very much Susan for the heads-up.
With the Monthly & Weekly Trade Triangles Red, I've now got the ''Green Light''
to short the SPY.
However, over time, I've learned that we normally get a bounce once the
Monthly Triangle gets a hit for the Red,
so I'm expecting a bounce to a New 3-Day high,
at which time, I will take my 1/2 short position.
If it moves higher, I will take the next 1/2 position.
If she comes back down, I will take my second 1/2 position at the
second hit of the 104.58
and wait for profits.
spy has more to the downside...should be shorting NOT long!
Dow futures: 8600-9000
sp500 futrues: 920-950
well that's what the alert says
I concur with Justin's remarks - the markets are headed lower in the near term! Get short or get in cash cause it won't be pretty...
TRY S AND P 500 AT 780-700 PTS,IN ACCORDANCE WITH FED RESERVE MANDATES
RECOVERY from March 2009 was purely temperrory finomina, that was ever great fulishness to find it as a turn around at global level. BEAR FACE IS STILL AHED........AHED AND AHED........
it does make a market,,,,, went long the spy with jun 105's, near the open,,,,
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