Gold Alert!

Posted on by The INO.com Team

Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,382.62 today and remain neutral  for now.  This short-term trade produced a profit of  just over $17 dollars an ounce.

Intermediate and long-term traders hold  long positions.

If you are not yet a member of MarketClub see what you are missing with our  30 Day Risk Free trial and receive 3 valuable bonuses just for giving us a try.

49 thoughts on “Gold Alert!”

  1. My three positions SMF, LAM and Fr in Canadian stock Exchange hit their stop today. I will stay on the side line until the situation gets better.

  2. Hey, I am anal when it comes to analyzing....and I compared Marketclub to a several other services including % return of the stocks and mutual funds I was tracking. One service just told you when the trend turned (doesn't help when I want to analyze) and didn't cover mutual funds and my stocks, another just gave stock picks and little analysis (not my stocks), and another gave way too much data (it has a vector in its name!!) and I didn't have the time to spend on it AND it didn't track all my stocks/funds....Anyway, I backtested a couple of these vs. Marketclub and found that not only did Marketclub beat them consistently, but there was more of a personal involvement of the developers and training material. I agree that the trade triangles do not always work, this is why I also use other technical indicators along the way and, ADAM, I wished that the Alerts could also include those technical indicators as I often do use them along with triangles to gauge the trends!

    1. Jim,

      Thank you for your feedback.

      One of our key missions at MarketCub is to keep things as simple as possible, so members and ourselves can really get to the real meat and potatoes of trading and investing.

      Thank you for saying the kind words about MarketClub and our Trade Triangle technology. We would put our service against any service in the world and feel confident that it would outperform 99.9% of all services out there. It is like you said the one service with vector in it's name is probably a good service but from what I've seen it is way to complicated for most traders and investors. Presenting complicated information in a simple format is not easy to do and we are constantly looking at ways to simplify financila information. Much like Apple we try to present information in the simplest most intuitive way.

      All the best,
      Adam

      PS please looking for some big improvements coming to MarketClub in the very near future. I think you'll really love these improvements.

  3. i am brand new to the site just started this week made a little money on my own but the ride was not fun.....whom can i contact to talk about lower price stocks ....pls everyone forgive my lack of knowledge i am a nubee to trading and need someone to give me a few good tips on what i think i can and cant afford. i just put $10,000.00 in my ameritrade acct,,made some money whenlvlt dropped to 27 cent a share and by the end of day nit was back up at 1.12-1.14 I AM GREEN TO THIS just looking for a little or alot of help thanks guys i enjoyed reading comments and felt comf on this site but it is large and some of terms confusing,,,, one last thing i retired at 40 y/o when i sold my construction company a year ago ,,, i have chose this site to help make much much more thanks JMB

    1. Mike,

      Welcome to MarketClub.

      What I would strongly recommend is to continue reading and learning from his blog. I would also recommend taking a 30 day risk-free trial to the MarketClub service. Here you'll find some very easy and powerful tools to use to help you make money in the markets in either low-priced stocks or high-priced stocks.

      Here is the link you need, I am also also including for you 3 bonuses that are yours to keep even if you decide that MarketClub is not for you.

      https://secure.ino.com/products/marketclub/

      All the best,
      Adam

  4. @danielle

    Lay off, will you? Where do you get 1.23% from?

    If you haven't studied the videos on Market Club and don't know anything about it, why make a stupid comment based on nothing?

  5. Hi Adam,

    I have question to you regarding S&P500 video you posted earlier.
    When we look on the Monthly candle chart we see that last huge move down was closed lower previous swing,I mean monthly candle on Feb.27.2009 closed @ 735.09 which is lower previous swing where Monthly candle Sep.2002 closed @ 827.31. So the action we have now is a pull back up which may drop about the same distance as was previous move up, which is understandable on your videos.

    So my question is the following, whether S&P/TSX Composite index (Interi (^GSPTSE) will react the same as S&P500 and drop down??? because US and Canada had similar moves in history.

    Please describe.

    Looking forward,

    Iho

    1. iho,

      I'm going to try to get out a video on the S&P 500 sometime this week. Thank you for your feedback at all the best.

      Adam

  7. Thanks Adam
    If you are truly up 100% per year, for the past 3 years, then instead of just inviting me to become a member put your results up and I would be much more interested in becoming a member. What is the beta or volatility of your portfolios? What is the biggest monthly loss in each year? What happens when we look beyond 3 years? These are some of the basic questions I would have.

    A point on implementation: How much time do your triangle alerts give us to buy and sell -- do we get 24 hours?

    And is there disclosure -- i.e. are you or others at ino.com doing these trades before 24 hours are up after an alert?
    Thanks,

    Sid

  8. Sure your trending tool works with Gold...almost any tool would work when the trends are so strong. Even if you use a simple 50 day moving average -- that works too! When there is such a huge tide everything is lifted. So if you are honest you should post the results of following your triangles for the last say 10 years. By year. And how it compares to the S&P 500 or another reference in those years.

    1. SId,

      Thank you for your feedback.

      We just don't take every trade triangle signal. We filter these signals to take advantage of the trends and possible reversals that inevitably happen in the market.

      To answer your question in regards to publishing our results. We do publish the results with three portfolios that are totally transparent to our members. Each portfolio has done very well, with the top portfolio showing returns of over 100% per year for the past 3 years.

      Sid I also noticed that you're not a member of MarketClub. I invite you to take a 30 day risk free trial to our service. I will even include three special bonuses that are yours to keep even if you do not subscribe to our service. Having thousands of members who use MarketClub everyday in over 88 countries we must be doing something right.

      I believe that when you try out MarketClub for yourself you will have a greater understanding of our service and exactly what to do.

      Here is the link that you need: https://secure.ino.com/products/marketclub/

      All the best,
      Adam

  9. Your triangles and program are interesting, but there has been a bit of whiplash in your gold notices for short term traders recently. And the short term trade profit from following the notices was only $17 (not $34), and the best decision (in hindsight) was to have stayed in the entire time.
    Nov. 3 Alert: Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,348.80 today.
    Nov. 4 Alert: Short-term traders enter a long position on a Green Daily “Trade Triangle” @ $1,365.36 today.
    Nov. 12 Alert: Short-term traders exit long position on a RED Daily “Trade Triangle” @ $1,382.62 today and remain neutral for now. This short-term trade produced a profit of just over $34 dollars an ounce.
    That's only $17 from the Nov.4 notice.
    It seems to me that in general, the short term game is nearly impossible to play with all its crazy gyrations, like with the mass jump up of stocks on November 4, holding up and continuing up for a few days, then falling back to where it all began. It seems a lot better to get in and out on the longer moves.

    1. Brian,

      Mea culpa.

      Thank you, the mistake was mine and mine alone. The post went up around 4 AM in the morning and I must admit I was a little jet lagged and under the weather since returning from China earlier in the week .

      If you look at the daily trade triangles, there are two trade triangles very close together and when I am moused over to get the price, i got the earlier price which was wrong. This is what caused the error and equated to a $34 profit and not the latest daily green trade triangle which equates as you correctly pointed out to a $17 profit. Boy do I feel bad.

      It is not often we make mistakes at our company but we are only human and as your aware we are not perfect. However when we do make a mistake we certainly do not try to cover it up in anyway. We have an excellent support team here at market club and it was my error and not that of any of my staff. I am happy to report that I'm feeling much better having gotten rid of my cold and I am finally on US time and sleeping through the night. Hallelujah.

      As you pointed out in the alert longer-term traders remain positive on gold. This may change if we see further softness, and to the gold market in the next several days.

      Brian, thanks again for pointing out what was a totally innocent error.

      All the best,

      Adam

  10. I am glad the markets are moving! Otherwise you cant make money. You win some and you lose some. Thats trading. Get over it allready, or quit!

  11. You still don't have real-time pricing on equities. This is why I no longer subscribe to the service. I know you have them for the futures and fx market but not the equities...

    1. Justin,

      Thank you for your feedback.

      Here is what I have for you, we are working very diligently and he should have real-time equity prices up for you. This process is quite a bit more complicated than anyone might imagine. We are dedicated to getting this right so our members can enjoy the very best service on the web.

      We expect to be launching our new portfolio service any day now and that's is a precursor of real time equity prices.

      I am pretty sure you like the market club service and left because we did not have real-time equity prices. We expect to have the addition of real-time prices of equities very soon.

      All the best to you,
      Adam

  12. Adam, frankly I'm somewhat in bruce's camp - and I did join! Here's the problem: you can't take the triangles at face value. You rate gold at +100 when it is just starting to turn down. Going by the triangles, I would have bought in just when the market started to drop like a stone. The triangles are nothing but history...basically a momentum system of trading. And, in that scenario, you have no idea (based on triangles) when the stock, index, or market for that matter is going to turn.

    Here's my sad experience. I had bought a number of call options on GLD because I felt that Gold was about to head north. Right after that I signed up for Market Club and took a look at your triangles and Gold was a -100. That shook my inners a bit so I sold those options the next morning...obviously for a loss. The next five days gold skyrocketed. So, thanks a lot Market Club you cost me several thousand dollars.

    Now, the reason I joined Market Club was because of the excellent video analysis that I was seeing as a non-member. Once I joined, those e-mail alerts with the excellent videos stopped. So I've been penalized for joining. Now that I'm paying for membership, it's like, well fellow now your on your own.

    Frankly, I feel like I've been a victim of bait and switch. Now, I have to be honest, I do realize that there is a lot of information on your web site that -frankly, I have not taken a lot of time to research. However, what you have to understand is that as a non-member, I had the best stuff stuck right in front of my nose.

    Please don't take this the wrong way. I think there is great value in the information provided by Market Club. After all,I did pay my second quarter membership fee. But do you see my point?

    Sincerely,

    Rick G.

    1. Rick,

      Thank you for your feedback.

      I think it's very important to understand how our trade triangle technology works, so let's start with that.

      The trade triangles are trend following tools. They are not oscillators, the difference between an oscillator and a trend following tool is a trend following tool is always going to show you that the trend is up at the very top and the trend is down at the very bottom.

      An oscillator will show you that the trend is perhaps losing momentum and at a top and caution should be taken. There are good and bad parts to both of these techniques.

      However, and this is the key element in my mind, more money is made capturing the big trends as opposed to trying to capture the tops and bottoms of the market.

      Let me address your options trade in GLD. The ETF known as GLD is a derivative of the gold market. This ETF is meant to track quite closely the gold market and in some ways it does. When you state that are GLD was -100 that certainly was not the case in the actual gold market and that is why it is important to understand what you are trading.

      Also, we have never held ourselves out to be options experts in any way nor do we recommend options positions. Our trade triangles only show the trends in the actual equities, futures, precious metals and foreign exchange markets.

      What I would like to do before I answer some of your other questions is to show you exactly how our trade triangle technology works and how you get the most out. I'll put this at the very end of my reply to you as I want to answer some of your more immediate questions.

      I was somewhat disappointed and surprised to hear you say that when you joined MarketClub you felt that you were on your own. One of the services we have at MarketClub is a full time free support staff that you can reach by telephone 1-800-538-7424 or by e-mail at

      su*****@IN*.com











      . Our goal, in fact our number one goal is to see you become successful using tools that we know work well given a reasonable amount of time.

      We also include for all our members three successful portfolios that have made money in some of the most difficult economic times in the last century. These portfolios are available with stops, entry points and everything you need to be successful.

      When you say you've been a victim of bait and switch you really answer the question yourself in the sense that you haven't really looked into everything we have to offer, nor have you really learned how the trade triangles really work. I would like you to take the time and look at the rules I'm posting right now for using the trade triangles in stocks, ETF's, futures and Forex trading.

      Oh, one last thing before you read the rules we have tons and tons of video content online that is only available to members. You'll find that on your homepage of MarketClub in the bottom right-hand corner.

      How "Trade Triangles" work in stocks.
      The major "Trade Triangle" to watch in trading stocks is the monthly "Trade Triangle" as this triangle determines the trend. We use the weekly "Trade Triangles" for timing purposes. Let me give you an example, if the last monthly "Trade Triangle" is green this indicates that the major trend is up for that stock. You would then use the initial monthly "Trade Triangle" as an entry point and use the weekly red "Trade Triangle" as a stop out point. You would only reenter a long position if and when a green "Trade Triangle" kicked in. You would then use a weekly red "Trade Triangle" as a stop out point. Providing that a monthly green "Trade Triangle" is in place the trend is positive for the stock. The reverse is true if a red monthly "Trade Triangle" shows that the trend is down. You would then use the weekly "Trade Triangle" for entering and exiting the market.

      How "Trade Triangles" work in ETFs (PerFect "R" Portfolio)
      The major "Trade Triangle" to watch in trading the 4 ETFs in MarketClub's Perfect "R" Portfolio is the monthly "Trade Triangle" as this triangle determines the trend and your position. You would use the monthly GREEN "Trade Triangle" as an entry point and use the monthly RED "Trade Triangle" as an exit point. You would only reenter a long position if and when a GREEN monthly "Trade Triangle" kicked in. This portfolio is suitable for 401K and IRA retirement accounts therefore it is not allowed to short ETFs.

      How "Trade Triangles" work in ETFs (Global Strategy Portfolio)
      The major "Trade Triangle" to watch in trading this portfolio is the monthly "Trade Triangle" as this triangle determines the trend and initial positions. We use the weekly "Trade Triangles" for timing purposes. Let me give you an example, if the last monthly "Trade Triangle" is GREEN this indicates that the major trend is up for that ETF. You would then use the initial GREEN monthly "Trade Triangle" as an entry point and use the weekly RED "Trade Triangle" as an exit point. You would only reenter a long position if and when a GREEN weekly "Trade Triangle" kicked in. You would then use a weekly RED "Trade Triangle" as an exit point. Providing that a monthly GREEN "Trade Triangle" is in place the trend is positive for the ETF. The reverse is true if a RED monthly "Trade Triangle" shows that the trend is down. You would then use the weekly RED "Trade Triangle" for entering short positions and the GREEN weekly Trade Triangle exiting the market.

      How to use trade triangles in futures and Forex.
      In the futures and Forex markets we use the weekly "Trade Triangles" for trend and the daily "Trade Triangles" for timing. Let me give you an example of how that works. If a green weekly "Trade Triangle" is in place it indicates that the trend is positive for that market. Initial entry point would be on the weekly green "Trade Triangle" and then you would use a red daily "Trade Triangle" as a stop. For example if the trend was up on the weekly you would exit a position on a red daily triangle. This is not to go short but only to exit the position and wait for the trend to reestablish itself on the upside. In the event the trend that does not reestablish itself and reverses with a weekly red "Trade Triangle" you would go short on the weekly "Trade Triangle" and use the daily "Trade Triangle"for money management and reentry points.

      This is a much longer post than I normally do, but I feel it's important that you understand just how important it is to MarketClub that you become successful using our tools.

      All the best and remember if you have any questions please don't hesitate to contact our support staff.

      We are here to help.

      Adam

  13. There are several folks on this thread who are attacking the trade triangle trading strategy, and I would venture to say that these are the same folks who are not disciplined enough to come up with their own trading plan, nor keep a trading journal. They're upset, because the markets continue to move and they continue to lose money.

    Trade Triangles do work. In fact, any system that you use over and over and refine over time, with discipline, will work.

    However, there is no system in the world that makes winning trades 100% of the time, or even 75% of the time. Your system has to create larger winners, and cut losers quickly. Trade Triangles clearly function this way, as evidenced by the portfolios based on them. The portfolios are profitable, which means the system works. PERIOD.

  14. I exited my long position in Gold 2 days ago also and made a profit. But I think this may be just a correction back to the upward trend and I will be waiting for signs to go long again. I reckon about $1355 would be pretty much back to the trend so Gold holding above this support or a bounce off that level is my call. Even a dip below that 50 day MA is possible before the trend resumes. However traders anticipate and react so we shouldn't be upset by volatility. Volatility is an opportunity. Has the USD hit resistance? QE2 is only just starting. The CRB has come back huge to trend and there could be some Long entries for resource stocks down the track. I wouldn't trade Short yet; not just on one Friday's drop. Remember to enjoy!

  15. It would be a big help to people if we were alerted to a new green triangle for XYZ stock in my portfolio when it happened via email, not at 7pm when I usually get them. It makes the service more actionable and would give this service an edge. This is the only soft spot with MC and I really wish we could resolve it.

    Steve

    1. Steven,

      Thank you for your feedback.

      We are working on grade or services and hopefully the new upgrades will include an improved your e-mail alerts.

      All the best,
      Adam

  16. I have been using the Market Club Forex signals on a practice account and they seem to work decentlty. I might add that those that believe in the "perfect System" are wasting their time. But if you have time to waste keep looking.

  17. I also thought the alerts were intraday, and I asked Jeremy about them and this is the email I get from him. Getting a sell alert after the market closes is not a big help.

    Steven,

    Yes, they will be delivered after the market closes depending on when they are triggered.

    Best,
    Jeremy

    1. Steven,

      Our Trade Triangles are triggered and placed intraday within our charting. As for timing of the email alerts, if an alert/Trade Triangle is triggered as this Gold alert was this morning your will see this arrive in your inbox fairly early in the day. As the day wears on they will arrive later. As you have noticed some will arrive after the market close for the day.

      As a MarketClub member you have access to our World Cup Portfolio page within MarketClub that will give your stops way ahead of time. If you have questions about finding this page please email me at

      su*****@in*.com











      Cheers,
      Jeremy

      Jeremy Lutz
      Head of Technical Support
      MarketClub and INO.com

  18. For market club members, do you tell them where the triangles will reverse, so they can use that info to help decide where they should put their stop-loss orders?

    1. John,

      MarketClub members have access to these stops before they occur. Please contact our technical support staff at

      su*****@IN*.com











       or give us a call at 1-800-538-7424 and speak to Jeremy in tech support. He will be happy to send you the special web address and the information you're asking for. This service is only for MarketClub members.

      All the best,
      Adam

    1. John,

      Thank you for your feedback.

      You're basically looking at two different markets. One has and 85 reading and the other has a 100% reading, that is just the way things work out with the markets. NG was making new highs and GLD was pulling back, that's the difference.

      All the best,
      Adam

  20. Yes, Adam is right. These trade triangles technology work. I've recently joint the market club and confirm that this technique work. So there is no such thing like yellow or blue,... or is a joke. Bruce, please try it and you will see for yourself.

    Regards
    Jean Claude

  21. Thanks again MC. You guy always call the moves. GLD and SLV I have made me alot of cash, the triangles do work very well. No guessing, no emotions, just trading. The only I would like to see inter day alerts. The "after close" alerts are the only drawback to this service. My allowing us to have multiple portfolios would be helpful also.

    Steven

    1. Steven,

      Thank you for your feedback.

      The alerts actually are intraday and not end of day in MarketClub. Also you may have a big surprise this weekend as we debut our new portfolio manager which allows you to have multiple portfolios.

      Once again thank you for your feedback.

      Adam

  22. I was notified about gold alert after gold price was already significantly lower. Do you provide protective stops for short term trades?

    1. Hanna,

      Thank you for your feedback.

      The alert came at around 3 AM Eastern Standard Time today for gold. The daily red trade triangle was posted on the chart at that time. Subsequently the market actually rallied back up to $1,395 level basis the spot market. This gave everyone an opportunity to exit positions. Stops are normally fall into three categories. 1. A dollar stop. 2. A percentage stop. 3. A chart point stop.

      Different investors/traders have different approaches to how they manage the stops in their trading. Normally stops would fall into one of the three just mentioned in the upper paragraph.

      You can learn more here: http://club.ino.com/trading/2008/11/traders-toolbox-money-management-part-3-of-4/

      All the best and thank you for choosing MarketClub.

      Adam

  23. Why are you not posting the past 3 losses, bolding them as you did here with the profit.

    Screaming when profit comes while hiding losses?

    1. HC,

      Thank you for your feedback.

      Yes we have losses and yes we have profits. It is how you approach the markets and the end results that count. A systematic approach to the markets like MarketClub uses makes money overall that's the name of the game.

      I invite you to take a 30 day risk-free trial to MarketClub. What that means is you have zero risk. After you take the trial and you still want to be critical of our program that's certainly your right. Here the link you need for your risk free trial. https://secure.ino.com/products/marketclub/

      All the best,
      Adam

  24. Why didn't your previous few posts when you exited gold at loss, not bold your losses. There were at least 3 losses to 1 win.

    Sorry but your way of advertising is like others, highlighting when you win and ignoring losses.

    1. Contrarian,

      Thank you for your feedback.

      I see that you are not yet a MarketClub member.

      Yes we have losses and yes we have profits. It is how you approach the markets and the end results that count. A systematic approach to the markets like MarketClub uses makes money overall that's the name of the game.

      I invite you to take a 30 day risk-free trial to MarketClub. What that means is you have zero risk. After you take the trial and you still want to be critical of our program that's certainly your right. Here the link you need for your risk free trial. https://secure.ino.com/products/marketclub/

      All the best,
      Adam

  25. Adam,

    Slightly off topic but what portfolio size do you recommend to join market club and also the perfect R portfolio?

    thanks,

    Kelvin

    1. Kelvin,

      Thank you for your feedback.

      You could actually trade the Perfect Portfolio "R" with any amount of money. It's all about dividing your money up in percentages. In the case of the Perfect Portfolio "R" you are trading is just 4's markets. So here's what you would do, divide your money into four parts and put each part into one of the 4 markets we track. You'll find it amazingly simple to do and very effective over the long term.

      All the best,

      Adam

  26. @bruce

    What else do you want? purple, burnt sienna and aquamarine? What planet are you on, or are you just high? Why be flippant about something you evidently know nothing about?

  28. I agree with you Adam though I am still not a member of market club for the moment,people who think that Trade Triangles don't
    work is because They are NOT Disciplined.I am just about to overcome that. Thank you Adam!

  29. i am 100 % gold but exited 100 % 2 days ago on rumors of a possible dollar bounce - any ideas where we are headed now ? im still expecting 15 to 1600 $ an ounce by christmas so well pleased with this drop or hopefully corection - is it a correction ? any ideas anyone ?

  30. will Robinson, Danger Danger! Do you have anything other than Red and Green, perhaps Yellow or Blue?
    What a joke!
    I am LMAO!

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