Adam and Jeremy are back with for another episode of MarketClub TV @ 1pm tomorrow.
We are looking for questions about the markets, specific stocks or anything else that you would like them to talk about?
Please leave a comment or email us at
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Could you briefly go over how to anticipate exactly where weekly and monthly triangles are going to occur. This would enable us to set up orders in advance to enter or exit a position. Thanks for your time. Am loving market club. Keep up the good work!
Dean
You always show us how great the triangles work. Just so potential subscribers can fairly judge your system, why don't you show some examples of where the triangles didn't work.
Did your question get answered on tonight's MC TV? Thanks in advance for your reply.
I am interested in determining what the results would have been over the last 5 years if one had traded the Perfect ETF portfolio, both long and short. Can you review how you would determine this? I know that your portfolio is only for retirement accounts and does not short, so your results do not include shorts, but I am still interested for non retirement accounts. Thanks for any direction you are willing to provide on this subject.
How do i determine wich stocks are trending faster than others with marketclub? There is some +100 wich moves +0.10% per day and anothers that move +2%
With your system is there a way to find the best stocks to write call ? Ty, Paul
Although MarketClub does not suggest a specific methodology when trading options, many options trader have told us that they use the Chart Analysis score to determine trend and strength. The score of +100 to -100 will give an indication of possible direction movement and the short-term, intermediate-term and long term trends that support that direction.
They have also said that they use the weekly and daily “Trade Triangles” for the underlying symbol. These triangles represent the intermediate and short-term trend directions. By confirming that both of these triangles are pointing in the same direction, it put the odds in your favor that the trend will continue in that same direction. However speed and strength should be further analyzed by using another technical analysis indicator.
You can learn more about trading options by visiting the options section in Trade School. Although these seminars will not show you have to trade options with MarketClub, they will give you other strategies that you may want to incorporate into your own trading plan.
We also have a member strategy Webinar that we did with a member about how she uses MarketClub to trade Options. Please use the link below.
http://club.ino.com/trading/marketclub-member-strategy-webinar-manisha/
Best,
Jeremy
How determine in Market Club the best timing for a short term trade.
For short term trading use the strategy below. Although it's not our suggested method for the Trade Triangles for Equities it can be effective.
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 possible exit and re-entry 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.
*If you are a shorter term trader, it is possible to use the weekly triangles to determine overall trend and possible entry points and the daily chart to determine individual timing points. Please be aware of the short term whipsaws, and lack of overall trend strength.
As a short-term trader, you want to pay particular attention to the second Triangle (New 3 Day High/Low). This is the one second from the top that will generate a positive or negative short-term signal for you. If the Triangle is GREEN, you should then confirm the signals viability status with the fourth Triangle (New 3 Week High/Low). The odds are in your favor that the trend will continue if both the Daily and Weekly light are both corresponding in color. If both Triangles are GREEN, then a positive movement is likely. However, if the Daily and Weekly Triangles are RED, then a negative movement is likely. If the Triangles differ in color then you should consider keeping a sidelines position.
How It Works
The Daily triangle is created whenever a market moves over the previous three day high and remains above the previous three day low. The reverse is true when the low of the previous three days is broken to the downside, it creates a RED Triangle. This is an automatic stop-out of a long position if the Weekly Triangle (4th signal from top) is GREEN. If the Weekly Triangle is RED, it signals a short sale is in order. If you are not familiar with short positions please consult your broker, or learn more from the experts in our INO TV online seminar service.
5 Successful Short-Term Trading Rules
1) The odds are in your favor when you trade with the major trend.
2) Always trade using stops. Never cancel a stop.
3) Plan your trade and trade your plan.
4) Never try to pick tops or bottoms, the market may surprise you.
5) Go with the flow. Don't fight the markets.
Best,
Jeremy
Whats happening with silver. You don't seem to cover this anymore.
comment on cde arun thank you