If you are a short-term trader, here is how you may want to use MarketClub's Chart Analysis Score, Smart Scan and Trade Triangle technology...
When you are in MarketClub, either the orange colored Chart Analysis Score button, or the link that says Chart Analyze will take you to the score for the particular market that you choose. Both the button and the link are never far away from the small thumbnail sized chart.
Trade Triangle Method
As a short-term trader, you want to pay particular attention to the second Triangle (New 3 Day High/Low). This is the one second from the top that will generate a positive or negative short-term signal for you. If the Triangle is GREEN, you should then confirm the signals viability status with the fourth Triangle (New 3 Week High/Low). The odds are in your favor that the trend will continue if both the Daily and Weekly light are both corresponding in color. If both Triangles are GREEN, then a positive movement is likely. However, if the Daily and Weekly Triangles are RED, then a negative movement is likely. If the Triangles differ in color then you should consider keeping a sidelines position.
How It Works
The Daily triangle is created whenever a market moves over the previous three day high and remains above the previous three day low. The reverse is true when the low of the previous three days is broken to the downside, it creates a RED Triangle. This is an automatic stop-out of a long position if the Weekly Triangle (4th signal from top) is GREEN. If the Weekly Triangle is RED, it signals a short sale is in order. If you are not familiar with short positions please consult your broker, or learn more from the experts in our INO TV online seminar service.
5 Successful Short-Term Trading Rules
1) The odds are in your favor when you trade with the major trend.
2) Always trade using stops. Never cancel a stop.
3) Plan your trade and trade your plan.
4) Never try to pick tops or bottoms, the market may surprise you.
5) Go with the flow. Don't fight the markets.
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