Today we looking at trends and how important they are in trading.
In particular, we're going to be looking at the DOW (DJI) and how it has continued to trend since June of '08.
I have watched with amusement, as several "GURUs" have been trying to pick a bottom in this index. As I have stated many time before, it's not over till it's over and trying to pick bottoms is not a smart thing to do.
The negative trend for the DOW is intact and remains in place. In this new video, I will share with you a simple trick that will help you to avoid the temptation of trying to pick a bottom. In fact, I will show you step-by-step why the DOW is still in a negative trend.
The video is free of charge and there is no need to register to watch this short educational trading video.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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Pretty element of content. I simply stumbled upon your site and in accession capital to assert that I acquire actually loved account your blog posts. Anyway I’ll be subscribing in your feeds or even I achievement you get right of entry to persistently rapidly.
Rich,
Thank you for your feedback. You are discussing an ETF which is a stock and for stock trading we use the monthly triangles for trend, and the weekly triangles for timing. Using this approach you would have done very well in SLV.
If you're having trouble understanding the filtering concept please give our customer support team a call at 1-800-538-7424. They will be only too happy to assist you.
All the best,
Adam
Dear Adam:
In Sept.2008 SLV,during the first 3 weeks trended up.
This was a signal to buy SLV on Monday of the fourth
week. But by Friday of the fourth week the trend
reversed and the price was well below Monday's price when
SLV was bought.
Was this the time to take a loss?
Looking at a number of different charts I noticed that
trends only lasted for three weeks.Buying the following
week would result in a loss.
Dear Adam,
Thank you very much for your opinion. I'm two weeks with Marketclub I made 2 trades following you and I made 2 mistakes which took me into very bad situation after nice profits from the beginning of the year. It's my mistake as I have to more think about signals you are giving, it is not bad, it's my mistake. In this market you must take any profit you have. This is different type of work for me.
The position itself is big and loss will be also big in situation when we are at the bottom for many years, all is uside down, nobody needs oil ... time to buy and I should sell with such a big loose. All is experience, this one is very expensive.
Thank you very much for your feedback,
Lumir
Hi Adam
Thanks for the great video.
I am new member trading fx and found triangles to be accurate. However some time I get daily triangle during any part of the day ? not sure when the daily candles for fx closes. Also should I only consider if triangle has score of +/-100 ?
Appreciate your comments.
Syed,
Thank you for your feedback. The triangles are dynamic and they can appear at any time during the day. If you are trading in the FX market the signals are real time.
I would not worry too much about being +100 or -100 as the very top or bottom of the market will always give that reading. I would pay more attention to filtering the triangles.
If you're not familiar with filtering the triangles give our helpdesk and support staff a call at 800-538-7424. They will be only too happy to help you in any way they can.
All the best,
Adam
In the above situation, is it any wiser to re-enter the
trade?
This happened to me twice before. If one re-entered the trade with a gut feeling and proceeded till it hit the bottem to recover paper loss! OR would it be better to trade down? Of course, this reqires additional capital. Which would be more true, Adam?
Bill N.
Bill,
I don't believe in averaging down in a bad trade or bad situation. This only compounds the problem.
I don't totally understand all of your question Bill, but I do believe in taking the signals and filtering out the triangles for trading. I strongly recommend you take time to watch the videos we have created for members of MarketClub. Doing this will give you a better understanding and more confidence in our approach.
Thank you for your comment.
Adam
Lumir,
Thank you for sharing your trading experience with us. It is very hard for me to advise you as to what to do with your position. I know that we had a red triangle indicating that the trend was down. I do not believe we ever had a green triangle indicating that the trend had reversed to the upside.
The only advice I feel comfortable giving you is a gut check. If you feel uncomfortable or nervous about a position get out of the market and take the loss. While it may be difficult to swallow in the short-term in the long term you'll be much better off. You can always get in this market again.
The key as always is to be diversified and disciplined and to follow the signals. Sometimes this can be very hard to do.
All the best,
Adam
Dear Adam,
situation changed little, I'm still hanging in, but USO and some other oil shares are out of downtrend channel, does it mean some turnaround in oil?
One comment to blog, I tried to correct my post, but any correction is here like a new comment...??
Have a great day,
Lumir
Lumir,
I basically shared my thoughts with you in a previous post on this position.
Take a look at today's posting on stops I think you may find it useful in your present predicament.
All the best to you.
Atom
Dear Adam,
great video, unfortunately I'm long in Brent Crude since 46 level /it is my mistake, there was green trinagel on crude/ I purchased it in believe the tren is changed. Seeing the videou I feel I must get out. Do you expect retrieve in oil for a while or should I sell it with big loose.
Thank you very much for advice,
Lumir