We are going to be doing something a little bit different today as we analyze the forex markets. Examining the forex markets is nothing new, but we have never gone through 13 pairs of cross rates on the fly. I also show you a quick and effective way to analyze the dollar index at the same time.
In my new video I look at all the major cross rates in a way to quickly tell if you should be in or out of the market.
I am basing my forex observations on our "Trade Triangle" technology and will gladly show you how we apply them to any currency cross rate. It is a quick and easy lesson that will show you exactly what I look for when I'm going to go into a market.
The video is free to watch and there is no need to register. I would love to get your feedback about this video on our blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Hi Adam and team,
I was talking to another trader who mentioned about Logarithmic Price Scale. I then had a look at a few charts and using Logarithmic scale makes a big difference specially when you are looking at trend lines, S&R levels, etc. I was wondering if MarketClub charts are Arithmetic Scale or Logarithmic scale? More importantly, is it possible to be able to select the scale? As an example, NetDania has the option to select Logarithmic scale for their charts.
regards,
Thank you for your feedback.
At MarketClub we use arithmetic scale. I'm a pretty simple guy when it comes to charting and I like everything to be on a scale that I can understand.
To answer your second question, at the moment you can not select the scale for the charts. That may be an option in the future.
All the best,
Adam
Hi Adam,
Thanks for the continuing education in the markets. I have been paper trading the currency futures; euro fx, swiss franc, dollar index and british pound with the weekly triangles for trend and daily for the entries. I have only tested for the last 9 months, but with really good results. Have you traded or tested these markets over the long term? and if so what are the have the results?
Regards
Mark Collins
Mark,
Glad to hear that the results you have seen over the last 9 months have looked good. We haven't produced the results for multiples years for the fx markets, but since the Trade Triangles are not removed from the chart after they have been issues, you can definitely look back to test since we started charting each pair.
Love to hear what you find based on either the MarketClub suggested technique or you own unique methodology.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
Hi Adam
Indeed great job. Only thing missing is the STOP LOSSES. Kindly try to provide STOP LOSSES too. By doing this, you are really doing fantastic job. Wishing you all the succeess which will help the traders community too into great succeess.
Pal,
Adam has gone on vacation for a few days, but we have received your suggestion regarding stops and I will gladly pass this along. We try to leave the method of stops open as traders are in different financial situation which may affect their risk tolerance. I will though pass it along and see what we can do.
Here's a couple blog posts that Adam has done on stops if you want to take a look...
http://club.ino.com:80/trading/2009/06/how-to-use-money-management-stops-effectively/?helpjeremy
http://club.ino.com:80/trading/2009/02/how-to-effectively-use-stops-to-lock-in-profits-new-video/?helpjeremy
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
Thanks for the lesson on reviewing forex in a short period of time.It was useful in reinforcing the proper use of the triangles.I appreciate your interest in getting us up and running.
Cheers!
Hi Adam,
Your video on analysis of forex cross rates is technically excellent and additionally, says a great deal about the quality of all of your INO products.
Like Clive Dennis above, I too would appreciate a comment or two on where you would place your stops.
Many thanks Adam.
Regards,
Nigel Smith from New Zealand
Always enjoy your vids Adam. I used MC for a few years now and have found it very useful and profitable.
Using the triangle charts is great for what has happened already. What would be amazing is to have MarketClub show where the next triangle signal will be. Currently I need to look at the table on the weekly/daily time frames, find the high/lows appropriate to that time frame, copy them into a spreadsheet, place orders... Lots of clicking, copying and pasting.
If MarketClub could somehow show those "upcoming" triangles it would save a lot of effort on the traders part.
Thanks,
Andy
Hi Adam
Thanks for the video lesson and trade triangle explantaion on forex trading. Could you please do the same for the equity markets.
Thanks
Norm
Norm,
Thank you for your feedback. I will do my best.
Adam
I think your videos are EXCELLENT! I really appreciate them. You teach the technicals so well you make it very easy to understand. I look forward to seeing more videos. THANKS! You are a GREAT teacher.
This is a good video even if it only confirms my understanding. However, it would be better if you took it one step further and anaylised an individual chart that you were going to trade and demonstrated your exact position including your thought process on stops etc.
Greetings,
This is a very interesting topic; but unfortunately there is a problem with the screencast.
I have tried to view this video more than 5 times and the result is the same each time.
The video plays normally for 1.01 minutes; then stops.
No amount of refreshing;or logging back in, can get it to go past that point.
I hope you will be able to rectify this matter.
Regards,
Roger
Roger,
I haven't heard of others having an issue with this specific video, but I will look into it. Try to also click and drag the button past the point on the video timeline where it is getting stuck. I hope that helps, but if it doesn't give our support team a call.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub