Tag: forex

Chart to Watch - GBPUSD

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of the GBPUSD Forex Pair (GBPUSD).

Today let's take a look at the GBPUSD, which is possibly setting up a good opportunity to go long.

The GBPUSD is probably making a Head and Shoulders bottom and if it breaks out above the Neckline that would be a very bullish sign that this pair is heading higher.

With Forex MarketClub uses the weekly Trade Triangle for trend direction and MarketClub uses the daily Trade Triangle for timing, so if the GBPUSD puts in a green daily Trade Triangle, we could consider going long.

The MACD is rising and if the GBPUSD continues higher, the MACD will move through the zero line. Continue reading "Chart to Watch - GBPUSD" →

Today's Video Newsletter: Is Carl Icahn using our Trade Triangle technology?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 8th of March.

MR. ICAHN, THANKS FOR YOUR VALIDATION
It seems that every time our Trade Triangles signal a move in the market, Mr. Icahn follows suit a little bit later. Coincidence? Perhaps. If you look at some of Mr. Icahn's recent announcements, you may get to see a pattern. A couple of days ago we talked about TransOcean, the next day Mr. Icahn fires off a letter to TransOcean about its poor capital allocation and capital structure. We signaled back in December that we received a bullish Trade Triangle signal in Netflix, next month in January we see Mr. Icahn taking a position. The same thing also happened in Yahoo, which begs the question... is Mr. Icahn using our Trade Triangle technology or something similar? Continue reading "Today's Video Newsletter: Is Carl Icahn using our Trade Triangle technology?" →

Today's Video Newsletter: 3 New Stocks Join the Bull Parade

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 7th of March.

With the FED pouring $4.25 billion into the system every trading day, it's no wonder that stocks are moving higher. When this artificial demand and false sense of security stops, what will happen to the markets? No one can tell for sure, but we cannot keep pumping money into this market forever. Yesterday, Federal Reserve Bank of Philadelphia President, Charles Plosser, said “We should begin to taper our asset purchases with an aim of ending them before year-end" and he believes that the central bank should slow the pace of its bond purchases because the potential costs from more stimulus outweigh the benefits.

When the FED turns off the money spigot, watch out!! That's when we get to see if the real economy has any clothes on. Until then, happy days are here again and the bull bandwagon is moving higher courtesy of the FED. Continue reading "Today's Video Newsletter: 3 New Stocks Join the Bull Parade" →

Today's Video Newsletter: SEQUESTRATION - Much ado about nothing and 3 stocks to exit right now!!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 1st of March.

In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.

STOCK TO WATCH TODAY-DISH NETWORK (DISH)
Dish and broadcasters like CBS have been battling in court for months now, and it is all over the legality of the Hopper, a digital video recorder that allows users to automatically skip all prime-time network ads on television shows. OUCH!!! Continue reading "Today's Video Newsletter: SEQUESTRATION - Much ado about nothing and 3 stocks to exit right now!!" →

Adam Hewison interviews Jim Martens, Senior Currency Strategist for Elliott Wave International

Posted on by The INO.com Team

Adam had a chance to sit down with Jim Martens from Elliot Wave International (EWI). He shared some of his trading experiences and had some great insight on the currency markets.

Jim Martens is Elliott Wave International’s Senior Currency Strategist and editor of Currency Specialty Service. He got his start working with metals traders on the Commodity Exchange Center in New York and quickly earned a reputation for insightful market calls. Jim first joined Robert Prechter’s team at EWI in September 1993, covering a diverse list of markets from commodities to financials. He left EWI in 2001 to join Nexus Capital Limited, a Soros-affiliated Hedge Fund based in Hamilton, Bermuda, as their Technical Market Strategist. Jim rejoined EWI in the summer of 2004 and soon headed up the currency team. He is an experienced Elliott Wave instructor and presents at various trading seminars and tutorials around the world. Continue reading "Adam Hewison interviews Jim Martens, Senior Currency Strategist for Elliott Wave International" →