Short-term traders enter a long position on a Green Daily "Trade Triangle" @ $1,347.88 today. Intermediate and long-term traders remain in a long position.
23 thoughts on “Gold Alert!”
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Short-term traders enter a long position on a Green Daily "Trade Triangle" @ $1,347.88 today. Intermediate and long-term traders remain in a long position.
Comments are closed.
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Hey there. You’ve got some very cool blog here, great article. I learned so much from this article. Thank you for the information that I got because they are really helpful. I love the blog and hope to read more of these from the author! Nice job! Keep it up! I'm looking forward for the Gold. God Bless:-)
Thanks Jeremy
I'll see if any of the others have better stats any suggestions on what to try (I've previously looked at hammer and hang man)
Kind regards
Jasen
Jeremy
I’m new to the site and have been watching some of the very helpful video’s (great stuff thanks). I have a basic understanding of technical analysis and coming from a scientific computing background understand statistics. When I analyse the gold price and calculate the probability that a negative engulfing line will precede a price drop I find no statistically significant relationship. Using the next bar as a confirmation doesn’t help the stats either. I appreciate that candles aren’t going to be a strong indicator but is there any other candle techniques that make them worth looking at? Are they better used on intra day or daily candles? Is there a way to filter out bad candles by size? What am I missing here? Would be very interested in your or anyone’s ideas, I can provide all sorts of stats if you are interested.
Jasen,
I would recommend reading Adam's "17 Money Making Candlestick Formations" PDF Please see the link below.
http://bonus.ino.com/downloads/17Candlestick.pdf
Cheers,
Jeremy
Jeremy Lutz
Head of technical Support
MarketClub and INO.com
ALERT!
We've had a red arrow for quite awhile... since early this AM Oct 27. I suspect this one will prove to be a good call.
Sorry to ask this in this place.
Some one knows the ticker in market club for the VIX?
Thanks Jeremy
i appreciate your responce
Harrys
I have found Indicators to be just a good guideline but ultimately one need to still weary of the weather changing. Just remember that you don't fully rely on the Weather Forecast. It might be a Sunny Day after all.
i do not understand the forth and back, have a lok at today`s chart and indicators, they show the clear direction, down-side short-term at least. What mid-term will be, we`ll see next days
I want to understand this gold business.
Where do I start from.
Thanks, Victor
In!
I don't always trade with your triangle alerts, but must give you considerable praise for your consistency in issuing the alerts.
Thanks, Spencer
Does this go for GLD as well and is this a good entry point to add to my position?
Thanks Jeremy!
Michael,
This alert applies to short term trader's in Gold, usually the Futures market. GLD is traded using our long term strategy which we have been long in since 8/12/10 @ 118.42. You can follow our trades in GLD and our Perfect Portfolio with our Portfolio Tracker on MarketClub.
http://club.ino.com/members/
Best,
Jeremy
Will this ever go to $1297 level or below?
The #1 Reason Why Gold Collapsed
http://broadcast.ino.com/education/goldengulf/
hi again
right now the chart analysis score shows +70 in XAUUSDO.
given that we are in uptrend and also taking todays daily trade triangle in consideration
how would you play the trade according to MarketClubs short term strategy?
Spefically i asking..... are you entering long right now or do you wait for a score of +75 and higher?
thanks in advance
Harrys
Harry,
Short term we will not wait for that score to get above +75 as we are ignoring the the overall long term trend. As long as the weekly and daily Triangles are in agreement we get in long even at +70.
Best,
Jeremy
Hello Jeremy,
Im a new member to Market Club and I have been learning how to use the triangle trading technology via the tutorial videos you offer... What funds or stocks are being traded for short term positions in gold?
Joe,
Short term traders are usually trading the spot and Futures markets. If trading Stocks I would suggest trying our long term strategy.
Best,
Jeremy
What index for the daily triangle was this shown on? I did not see any daily green triangle show up on any of the various gold charts I just scanned.
D.
David,
We show this entry Triangle on our Spot Gold chart. See the link below.
http://club.ino.com/members/charts/?s=FOREX_XAUUSDO
Cheers,
Jeremy
Hi Jeremy
i see the DAILY GREEN TRIANGLE in the XAUUSDO chart and says long @ 1347.88 instead of yours @ $1,339.78 today.
why is this hapening?
Harry,
Thanks for the proofreading! I have made the correction to the price in the alert.
Thanks again
Cheers,
Jeremy