A lot of folks are calling in and e-mailing our company in regards to the gold market, so I thought I would create a new video showing you where we stand..
This short video shows two important elements that are in play right now and how they could determine the next big trend in gold.
The video is free to watch and there are no registration requirements. I hope you enjoy the video and make a comment on the blog about how you feel about this market.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
George,
If I said that we are short the dollar it was a misprint of course we are long the dollar as you correctly stated based on our monthly Green trade triangle. I hope this clears up any confusion.
You can short the dollar against almost any currency in the world. The most popular ones are always the Euro, Yen,British pound, Swiss franc and some of the other dollars such as Australian, New Zealand, and the Canadian dollar. You can do this at an exchange like the CME or through a currency broker many of which advertise on INO.com.
Thank you very much for the positive comments you have to say about market, we appreciate them.
All the best,
Adam
ADAM,
Thank you so much for your feedback. You said that "Right now we are short the US dollar, based on MarketClub’s trade triangle technology."
When I look at marketclub DX index, it shows GREEN MONTHLY TRIANGLE on Jan. 20. Now when I look at USDEUR, it also show GREEN MONTHLY TRIANGLE on Jan. 19. In my understanding of trade triangle technology, I should long for dollar. How can it come up with shorting dollar? Please help me read marketclub trade triangle, I guess I may read something wrong here. I want to be in the same page with you in terms of reading marketclub trade triangle information.
Second, would you share some information what is the best way to short dollar? I can see that long EURUSD; but it may not best way to do so because both USD AND EUR can become very weak. If we short dollar, then we need to understand dollar will be weak relative to what, because currency is all relative each other.
I see marketclub help services is far better than other club I have experienced. When I have a question, I can get response from you from blog or I can call your help desk. The fact is most small investors do not have formal training for inestment/financial market, and do have chance to work with professional investors side by side. With massive information available today, small guys have to figure out which trading/investing technique is best for them; this ofen come with cost of time and money. I found marketclub can help me gain understanding of technical aspect of Mr. Market. This is very important in this choppy market.
Thank you so much.
George
Vit,
Thank you for your feedback. I've said this before that I'm not an expert on options, however we do have a number of MarketClub members that effectively use trade triangles to trade options.
I still think that the monthly and weekly triangles can help you in your option trading but that's something you would have to decide for yourself.
Every success,
Adam
Hi Adam thanks for the great work . I always read market club to get a second opinion of the market direction . I mostly trade options , selling vertical spreads 2 3 weeks before exp. How can I incorporate your triangle system for options trading. Like you sad that system is more accurate on the monthly base so it make it not so effective to trade shorter term options.
Thanks.
Vit
ADAM,
Thank you so much for your educational vedios. I just joined your trade triange for a month or so. I found it is very useful, I especially like the educational aspects. At this point, I am 90% cashed out, the market is a cloudy piture. My view is the market is still dollar trade. When dollar is strong, market will be likely weak; when dollar is weak, market will be likely bounce/inflated.
I read lot. I saw there are two possible senarios:
1. Dollar will go multi-year strong run/7 years from now. Euro zone economy will go multi-year low growth run, Eur will go multi-year low run. It seems eur zone debt/structural problems validate this view.
2. US is in deep debt as well. Dollar is just short-term bounce for max a few months. Long term trend for dollar is poiting down for about two years. It tells us gold/stock market will go higher late this year.
It seems US national debt problems validate this view as well. US bond market will be in some kind trouble if this senario is true.
3. Both Euro and US dollar will become very weak because they have similar debt problems. Then gold/asia stock will go higher.
In your videos, you have talked about fundamentals, technical, and perception. Based on the above economic fundamantals, would you share your views of long term dollar trend?
I am interested in learning currency trading. you have mentioned currency trading is leverage/margin trading. I am afraid that I will got margin calls, and owe lots of money to dealer. Would you share your experience with us?
Thank you so much.
George
George,
Thank you for your feedback.
Right now we are short the US dollar, based on MarketClub's trade triangle technology. To be honest with you, I try not to read too much as it quite frankly can be confusing.
What I have found that works for me is approaching the market with a game plan on a technical level. I'm a strong believer that the market knows everything, and the last price is the sum total of the collective wisdom of the world. I like to go with the flow.
I hope this addresses your question.
Every success and all the best.
Adam
Marvin,
Thank you for your feedback.
The red monthly triangle is a very important triangle for crude oil. I would go with the old adage in trading "when in doubt stay out".
We have been looking for cycle low in this market, however there may be a longer-term cyclical force that will overpower this short-term cycle. With the trend down based on trade triangle technology I would say the line of least resistance is on the short side.
That being said you should always use money management stops own any position.
I hope this answers your question.
All the best,
Adam
Adam,
Your two videos on oil are somewhat confusing. In the oil cycle video you suggested that we have about 2 to 3 weeks and it should start going up. Now in the last video you are talking about the recent red monthly as a sign it may go down. Since we are two weeks from the oil cycle video, I'm somewhat confused. What should I do at this point?
Marvin
Any indicator is just a message to the trader to pay attention, especially if it's longer term like a monthly. If a monthly indicator flashes it means a certain resistance level has been broken and there is a very high probablity that it will bounce -- sometimes 3, 4, or 5 times before establishing a firm trend in the direction of the triangle. If you are leveraged, these bounces will kill you. I know some forex guys who go 400 times leverage...just a 0.25% bounce will wipe out their trade.
It's very easy to see when a trend takes shape after the triangle flashes. Just bring up the yearly chart, take two steps back, and it will usually be obvious. There's no need to guess or gamble looking for an extra 5%. Remember the addage: Bulls make money, Bears make money, Pigs get slaughtered. Cheers!
MH,
Thank you for your feedback.
The short answer is yes, there is a potential negative divergence on the monthly charts.
All the best,
Adam
I'm interested in investing in gold or gold mine stocks.
Can you recomend any gold mine or development stocks located in the americas, US, Peru, Boliva? That show growth potential?
J. Evans
Jacquelyn,
Thank you for your feedback.
I cannot recommend any particular stocks as is not what we do at MarketClub. I can however recommend that you use on trade triangle technology that will discover gold stocks that are moving either on the upside or downside.
There's been a lot of advertising on TV and cable about how gold has come up so much in the last 10 years. While this is true what they fail to say is that they are taking gold at the lowest point during that time frame. Most of the ads miss the fact that at one time gold did not move for close to 20 years. I believe these are markets that you trade as opposed to just holding onto gold mining stocks.
If you would like to take a 30 day risk free trial to the market for click on this link.
https://secure.ino.com/products/marketclub/
All the best,
Adam
Thank you for the update, but I have a question please on the monthly chart isn't there negative divergences with RSI
Hi Adam,
I have been with you for a while, and like following the trade triangles.
My question is. I am a short term trader, but would like to go long
term following the triangles,but what I noticed, please look at example.
The opening price on Feb 9th on the eur/usd was 13662. and the closing price was 13783.thats 121 pips down if you were selling,
now that would be ok in the long run, because on the daily chart it would still ,be going down with the trend, and the next day, it continued down.
The point I am making is that if i had a €10 spread that would be €1,210
down for the day,would you just take that and continue,knowing the triangles, are telling you to keep on selling, until the next triangle comes in.
I am based in Ireland so I am in euro's can you help please.
Regards Arthur Cansdale
Arthur,
Thank you for your feedback.
There are times when the trade triangles will give a signal and it may not appear that it's going to work out in the short-term. In the long term the monthly trade triangles are extremely accurate. That is not to say every monthly trade triangle is a winning signal.
If you decide to follow the triangles, or trade with the triangles you need to be very, very disciplined and take the signals when they arrive. By diversifying into several different markets it will actually lower your risk and put less pressure on you in the long run.
I hope this answers your question.
All the best,
Adam
I read your answer saying your trade triangles are extremely accurate. I trade forex, could you give me some indication of how accurate, could you help me improve on my current return of between 7% & 11% per week.
many thanks dave.
David,
If you are making 350 to 500% per annum I would have to say don't chage a thing you are doing.
Every success,
Adam