It's the biggest market in the world and is traded 24 hours a day, 6 days a week, and therefore one that is impossible to ignore. I'm speaking, of course, about the forex market.
The question is, is this the tail that's wagging the dog? Meaning, is the forex market, mainly the euro, dictating the trend in American and European equity markets.
We published this trading rule on our blog almost 5 months ago, February 10 to be exact. You can look it up if you wish. With gold making all time highs on Friday, it seems like the perfect candidate for this rule. Just remember, there are no guarantees in trading.
I learned this rule over 3 decades ago in the markets from a low-key trader named Bill. Using his special trading technique, Bill made millions and millions of dollars from his office. The best part is that this technique is still working more than 30 years after it was taught to me and why I insist on sharing it with as many traders as possible.
Continue reading "It could be a perfect weekend for this particular trading rule"
The gold market jumped early on in trading today (6/17) based on economic data that came out indicating that the future wasn't quite as rosy as everyone first thought.
In today's video on gold, we share with you the 4 instruments that we are looking at and share with you our projections for the spot gold market.
As always our videos are free to watch and there are no registration requirements. All we ask is that you comment on our blog and let us know what you think about the gold market.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Whether it is the spill in the Gulf, which continues unabated, or talk on Capitol Hill, the subject is crude oil.
Today we received a signal by way of our weekly "Trade Triangle" to get long crude oil. In this new brief video, we show you the exact levels to keep your eye on and also where a logical stop would go for this position. We have had a lot of questions on Fibonacci retracements lately and this video goes into detail about that phenomenon and how you can best use it
As always our videos are free to watch and there are no registration requirements. All we ask is that comment on this market via our blog and let us know what you think.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
After exiting all long positions at 1217.72 on 5/18, we reinstated long gold positions seven days later on 5/25 at 1196.57.
As many of you know who watch my videos, we use our weekly "Trade Triangles" for trend direction and our daily "Trade Triangles" for timing entry and exit points. It was those daily "Trade Triangles" that flashed a buy signal on 5/25.
Given the chaotic state of the world and all the cross currents that are running in the banking system, we would not be surprised to see gold once again climb up and challenge the $1,250 level. All of our "Trade Triangles" are green and 100% to the upside. This indicates that a strong trend is once again in place for the gold market. Continue reading "We are back in the gold market"
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