The "90 Second Trading" SeriesTrading videos that teach you how to trade the right way
I created "90 Second Trading" as a quick and easy way for you to understand how you can benefit from my many years of real world trading.
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 STOCKS |
 FUTURES |
 FOREX |
 GOLD |
 CRUDE OIL |
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If you enjoyed this series of trading videos, be sure to check out our next video series titled, "TRADERS WHITEBOARD" In this educational series, we cover the key elements of trading that are based on the core principals of every successful trader.
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Thank you for a fine explanation video of Market Club Technique for equities. It is very informative. My question:
I found out that the Triangle method is excellent during trading markets (up or down), but during sideways, it lacks some precision.
How would you use the triangles during a trading range market? Do you use a support-resistance mechanism of some sort?
Much thanks, Adam, for your reply!
Peter
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Peter,
I absolutely agree with you that the "Trade Triangle" method is excellent during trending periods. I would offer two tips when using the "Trade Triangles" in sideways markets. 1) You could avoid them. You can use our Chart Analysis score and avoid the -60 to +60 range. This would eliminate markets that have contraindicating trends on intra-day, short term, intermediate term and long term time periods. 2) You could use another Technical Analysis study in conjunction with the "Trade Triangles" With MarketClub charting applet, you have access to about 17 other studies which you can plot in addition to our proprietary study. Therefore you can confirm or deny the "Trade Triangles" by using a back-up strategy. Those would be my suggestions. If you have any questions please let me know.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
If I am trading stock options, do I use the weekly as the trend, and the daily for timing?
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MarketClub does not suggest a specific methodology when trading options. However, 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.
I hope this helps.
Let me know if you have any other questions.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
Excellent
from the aapl video, you use monthly chart for trend, and weekly chart for timing, but from other chart (crude oil if i m not mistaken), you use weekly chart for trend and daily chart for timing, with the triangle method.
which one is correct?
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Hi Snip,
They are both correct. Please see out suggested methods for the "Trade Triangles" below recorded by yours truly. Please let me know if you have any questions. The objectives for your trader plan should ultimately help you decide the exact way to use the "Trade Triangles.'
Equities
http://broadcast.ino.com/lessons/methodequities/ - click to see video
Monthly Triangles determine trend and possible entry points.
Weekly Triangles determine timing : exits, entries and re-entries.
The last triangle issued on the monthly chart should always be used to identify the overall trend. You can also use the monthly 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 weekly triangles for possibly exit and reentry points, or entry points if your monthly is in a steady trend.
Key Rule: always trade with the trend. Make sure your weekly and monthly 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 point and the daily chart to determine individual timing points. Please be aware of the short term whipsaws, and lack of overall trend strength.
Futures & Forex
http://broadcast.ino.com/lessons/methodfutures/ - click to see video
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 possibly exit and reentry 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.
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Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub