I wanted to update everyone on the current Trade Triangle and GOLD situation...if you have any questions please feel free to comment below, call our support line 1800-538-7424, or email us
su*****@in*.com
!
Have a great weekend everyone!
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hello hello people how are you doing.....
get ready to enter the gold spot on the short side .... the correction is finish now....
my indicator just told me .
11h12 eastern time ....
iam waiting for your feed back
GOD BLESS YOU ALL
Hi A.H.S, I am also interested in some help "anticipating" (I don't want to say Predict) the Gold market. Please mail me direct if you wish with the next ENTRY POINT suggestion on Gold, since I believe it's due to correct some more.
Thanks,
HUGO
hello everybody
hello Yama
i dont know what wrong with you but if you had a bad trading day with the gold LOL .....and you need to relax your nerve iam cool with it .....this message wasnt meant for you anyway ....that was for open minded people....i dont know if that was your case...
if you didnt understand the message read it again and again and we will talk about it in some weeks .....
You make no sense when you talking about
“ what the point to go through all the trouble of creating something perfect when perfection can be accomplish with smart and conclusive trading. Place your stops and limits and make accordingly gains and small losses"
of course every trader want a perfect program who tell them to enter and exit a trade with minimum risk without staying hours on the computer .....and if it not your case and like to loose money ...iam happy for you then ....and ALL THE BEST
And if you know the market you wouldnt talk like this because the market follow his own pattern made by colossal firm and entity and if you take this in consideration on a program of course you can predict the market .... not assume it like you said ...
the people who are leading the market are big firms and banks they dont care about small invertors and speculator ,those people are leading countries... making and breaking gouvernement so they dont care about what is going on ,on the street . they direct the market how they want it,and by doing so they created a pattern and cycles in the market ... A FLASH NEW FOR YOU
...and it not people like you or me who can change anything about it ...they just let us play with a tiny pourcentage of the market ....
and for your information my indicator was telling me that the gold was going to drop since the month of july ....i didnt wanted to believe it ....but this happened ...maybe i will be wrong but for me the gold is going down.......down.....down.....
i dont know if you have seen my previous posts ...but iam telling this since more than 1 month .... since i though the first video about the gold from ADAM....
Any way..if i was to hard on you,my apology ...
and i give you a tip....
SELL GBPJPY
FIRST TARGET 70
EVEN FURTHER DOWN....
GOD BLESS YOU ALL
Why are you shouting... I believe everyone got a say in what technicals have to say and we say it to our counterparts.
I do not believe you can predict the market because you cannot calculate response from the street and investors alike.
You make no sense when you say CAN and YEN is going up and everything else os going down. Additionally you talk about it for a long period of time.
I am a programmer myself and I do believe you can add predictibility into your program by comparing and gathering complex analysis of the market data and use a sophisticated divergence of opening and closing prices then adding every known technicals do make deductions of how the data will behave. IN addition you can factore relatively every market indicators to make a prediction.... But why go through all the trouble of creating something perfect when perfection can be accomplish with smart and conclusive trading. Place your stops and limits and make accordingly gains and small losses.
Even with everything taken into consideration and using every technicals for you calculation the market can simply ignore it and go on its own path...
Using just a few technicals you can presume where the market is going and if falls out then you readjust your technicals accordingly. KNowing your support and resistance levels can help you make gains and small losses accordingly.
You might be able to predict but the author only is making assumptions not predications.
Yama
PEOPLE IAM IN THE MATRIX.....
hello people ..how are you all doing .......
i would like to know if you all have seen my posts from some days and weeks earlier ...and i was predicted the gold will fall.....and i got a good news for you all ...you can sit back and relax because the gold his not going to come up for some times .....i will post you the time when the gold will emerge from is depth .... i can tell you the same for the eurusd ...gbpusd and some other pairs.....if you need some more information....please contact me ....and i will help.....Because i created an indicators faster than the MACD and the TT...BUT THE PLUS WITH THE TRADE TRIANGLE IS ITS ADD AN CONFIRMATION FOR THE TRADES ...SO IF YOU WANT FORECAST FOR ANY PAIRS PLEASE LETS ME KNOW .......
TAKE CARE AND GOD BLESS YOU ALL
I am interested in your tools that indicate that gold is going down and the dollar is going up.
I have been long gold since 2001.
Thanks!!
Cheers,
Bob
hello BOB
how are you doing ....i posted about 3 post where i stated the gold will go down even before any red trade triangle had shown up....if you can please recherche them you will see iam not talking up my ass..... and i predicted the double top before it formed too...and so on.....
for my new tool i created i can not tell you to much about it because i want to make a software out of it and sale it to big companies i need to perfection it even more...what can i tell you its it predict the move before its happen and it faster than the MACD.... IF YOU WANT YOU CAN CHOOSE A PAIR IN FOREX MARKET AND I CAN TELL YOU THE NEXT MOVE AND YOU WILL SEE BY YOUR SELF .....I CAN TELL YOU THAT FOR NOW ...THE EURO ,POUND ,AUSSIE ,ARE DOWN FOR SOME TIMES ....AND THE CAD,,JPY WILL GO UP.....
THE GOLD IS DOWN TO...
IAM WAITING FOR YOUR REPLY
BEST WISHES
Hello Everyone,
Let's see if I can clear up some confusion about the email alerts within MarketClub.
I believe what's missing is the understanding of the relationship between the alerts, the Chart analysis Score, and the Trade Triangles on the charting.
By setting your alerts to once a day you are going to receive one of two alerts.
1. To alert you of a new Trade Triangle
2. To alert you of new highs/lows off of existing Trade Triangles that are tied into the Chart Analysis Scores.
The Trade Triangle system will not place two Trade Triangles of the same color on the chart at the same time. IE, if you have a green weekly Trade Triangle and a new signal point is reached it will not place another green Trade Triangle on the chart. It will send the alert for a "new high" and the date will be noted in the "Chart Analysis Score" as a new weekly high on xyz. This function keeps you aware of the current trend.
When a trend reversal happens the system will send an alert you of a new Trade Triangle being issued.
As for the time of delivery, we are currently working on speeding the alerts up. The system can experience a delay when we are sending thousands and thousands of alerts to our members. Rest assured that we are diligently working to make your experience with MarketClub and enjoyable one.
Thank you for your patience and I hope that this response provided some clarity to the Trade Triangle alerts.
Best,
Jeremy Lutz
Customer Service & Technical support
MarketClub.com & INO.com
My question is, I get an email alert for a triange but it does't show up on the chart.
For whoever's subscribed to this thread, please note that Brad has been good enough to post the video he promised here (kudos for that):
http://club.ino.com/trading/2009/09/as-requested-marketclub-alert-video/
Unfortunately, it still doesn't address the question of too many alerts and none actually telling you that there is a new triangle (ie, a change in trend, from red to green or vice versa).
I'd really like to hear over there from the others who posted here saying they had the same problem (A.H.S., Dan de Man, David, etc).
The alerts are simple to set up so it's not a question of our settings being.
Thanks,
Jab
Jab,
Thank you for providing the link to our other posting on this subject. Below is a copy of the my comments to Larry on this subject. I hope this helps everyone.
Best,
Jeremy
Let's see if I can clear up some confusion about the email alerts within MarketClub.
I believe what's missing is the understanding of the relationship between the alerts, the Chart analysis Score, and the Trade Triangles on the charting.
By setting your alerts to once a day you are going to receive one of two alerts.
1. To alert you of a new Trade Triangle
2. To alert you of new highs/lows off of existing Trade Triangles that are tied into the Chart Analysis Scores.
The Trade Triangle system will not place two Trade Triangles of the same color on the chart at the same time. IE, if you have a green weekly Trade Triangle and a new signal point is reached it will not place another green Trade Triangle on the chart. It will send the alert for a "new high" and the date will be noted in the "Chart Analysis Score" as a new weekly high on xyz. This function keeps you aware of the current trend.
When a trend reversal happens the system will send an alert you of a new Trade Triangle being issued.
As for the time of delivery, we are currently working on speeding the alerts up. The system can experience a delay when we are sending thousands and thousands of alerts to our members. Rest assured that we are diligently working to make your experience with MarketClub and enjoyable one.
Thank you for your patience and I hope that this response provided some clarity to the Trade Triangle alerts.
Best,
Jeremy Lutz
Customer Service & Technical support
MarketClub.com & INO.com
Well I think GOLD is not going up STOCKS are!
WE are in a new generation of a market.
Everything as you know will change before end of year.
DOLLAR is going UP for the holidays
OIL is going UP
GOLD - DOWN
STOCKS - UP
as of 6:00pm pac. time the $$$$$$ is coming off it's nut"z & the asian mkts.heading down , oil is going down a buck a barrel, and gold is turning down toooo!!! maybe it's a fool ya? well lets see if we get a red triangle today. the Contrarian
Gold high was 1033 in March 2008...next came 1022 or so in early 2009 ( date escapes me).
I am looking for gold to get just past 1022 and less than 1033 or maybe a spike above but a close below 1033.
All the buzz is gold and silver...it aint going to happen. " So it is written so it shall be done."
Gold is going to $800 by next year...2010.
The indices are going to be making there intermediary highs come early Oct/09, Oct 4, 5 or latest early 2nd week. ES is going to 1114.75, maybe a spike up to 1143 but a close below 1127. 1127 is the mushroom number. The Magic number....the UNCLE REMUS number.
So gold is moving up along with the indices...huh....so when ES and the rest start to fall and the dollar will rally till next year resistance at 85-88( US index, gold is going to drop.
Gold, silver, ES, YM, TF....going to drop and puzzle all the gurus...
Adam is good....but he does not know the future.
Some do and I'm getting there..but there are people who know...they just are not around for you to know THEM.
The Bible and Torah have it...so do the Mayans, Egyptians, ancient arabs....all true sources have it.
Pity....you can count true sources in both your hands now.
"Nothing is NEW under the SUN." That too for trading.
The Sun is a TRUE SOURCE....been AROUND FOR MILLIONS OF YEARS...Makes you think. Remember..."It aint illegal yet..to think."
Sun...best form of vit a and d...get a lot of it without sunscreen...don't bask it in...just perspire under it along with shade.....now your doctor ( the guru) not going to tell you this.
Good night America...ahh the Sun and the Moon (true sources)
Morfeus,
I'm hitting the digital den tomorrow to make a new video on the Alert feature of MarketClub. The video is for current and potential customers, and after viewing you will be able to utilize the email alerts just as THOUSANDS of other members are using the alerts...PROFITABLY!
Thanks for your patience and I can't wait to get you a new video tomorrow.
Cheers,
Brad
I am also bullish gold and silver. And I am quite intrigued by the Barrick Gold story. They desperately need gold to cover their hedging and now have the backing of the huge bank institutions to do so. This would seem at first glance to be hugely bullish. Since Barrick will have to compete with the likes of China and Russia (and increased investor demand) for that gold.
However, if you look at the COT report from last Friday you'll see that the institutional short position increased by a gigantic ~57,000 futures contracts. This indicates that the very powers that bought into Barrick shares are hell-bent on bringing the price of gold lower presumably to allow Barrick to dehedge on the "cheap".
I think by options expiration or just after, there could be a violent move one way or the other triggered by either the successful shorting by the Barrick backers or a gigantic short squeeze if they fail. I would stay away from Barrick shares as they could fall apart at the seams if they fail.
why did Barrick wait for gold to be at an all time hi to do this , they could of done it a while back when gold was down a $100 bucks and saved a lot of $$$$$$$$, if gold falls from here it is going to cost them, and it will , i loaded up on their oct. putz check that big black hangman they left friday.up$.18 cents on that great news, the contrarian
Barrick's Bd of Dir are some of the most highly influential people around. The big institutions are coming to it's rescue so it doesn't go the way of Lehman. The big institutions are acting as a proxy for gov't market intervention. They are trading with (I believe) critical insider info because they are working hand-in-hand with the Fed. Free Market? What a joke. Anyway, I am starting to see this as a gigantic head-fake because these guys just don't give away money. I'm starting to lean more storngly to the contrarian camp like you, Ed. This just doesn't smell right.
There was some talk by Jim Willie (goldenjackass.com) about China, Russia, and a few others who are gunning to break the Comex Gold warehouse (to help sink the dollar) and supposedly almost did it last May. Next target date (supposedly) is Sept options expiration--this coming Friday. Well, we'll see soon enough. If anybody has deep enough pockets to force a short squeeze, China can. On the other hand, why wouldn't China, et al, not allow the big boys to do their dirty work to hammer gold? Lower gold prices gives them a gigantic buying opportunity too. Seem like all the big boys around the globe win on a gold take-down. Losers would be us little pip-squeaks.
Thanks everyone for the comments and if you're having problems with the Alerts do not worry...I'm heading to the digital den Monday to make a quick and easy video that will show you exactly how to set up, edit, and read the alerts.
Sound like a good plan?
Enjoy the rest of the weekend everyone and please be ready Monday afternoon for a custom Alert video just for blog readers!
Cheers,
Brad
I have the same problem. A bunch of alerts but no new Trade Triangles. There is not but one way to set them up as far as I can see.
I'm not very happy with my alerts either Jab. Being a swing trader I have to check the charts half an hour before the close. I bought the triangle alert system to save time but it hasn't really done that for me.
Brad,
I am not a forex trader but if this were a stock I would not sell on the daily red triangle. I would wait for confirmation or until it hit my trailing stop/loss. In hindsight your chart shows that the pullback was just a blip and didn't hurt your long trade at all by ignoring it.
In fact by selling after the red triangle and re-entering ofter the daily green triangle you lost $10 on each position plus the broker fees.
Enjoy your analysis ...but..... you may want to have a look at the CFTC (COT) results for this week. I suspect a gold and equity market takedown is coming very soon. The commercials added a whopping 72.5 k gold short contracts (futures & options) and blew through their previous record net short position in gold by about 10% and now stand with a gold net short position of 290.2 k contracts. Someone with very, very, very deep pockets have been holding these losing positions...that probably only one or two entities could withstand. Concurrently, they added significantly to their shorts on the major currencies....and.....the S & P while adding to the $USD longs.....The last time that happened...July 15th, 2008.....and we went on a wild ride....
BTW....I've got targets on GLD down and the SPY down at the $87 and $82 level......Now, by posting this, I reaallllyy hope I jinxed the setup!!!......;>)
Now and then I put one of my trades on my site.
It is free for all to take a look, so no subscription whatsoever.
So far so good and some of the trades have made 50%. For me the aim is just to get between 10% and 20%.
I like silver and gold, oil and also trade platinum so if you want you can discuss trades with me.
I combine the trade triangles with a lot of reading and TA to get better trades and to stay out of dangerous trades.
To be honest I did not go long on gold, I just got long on platinum recently at the weekly green triangle and to profit from gold I bought gold and also silver mines.
Jan, my name is Hugo and I'm glad to meet you. I'm also new to marketclub. I would like to take you up on your offer to discuss Gold, Silver, and Oil which is What I'm interested too, and what I have been following close. My direct E-mail is: (edited, contact Brad for Hugo's email. ALSO please do not give out direct email addresses on the blog) please drop me a line; I have some questions that I'd like to run by you.
Best regards,
HUGO.
P.S. I'D LIKE TO SINCERELY THANK CHARLES AND BRAD FOR RESPONDING TO MY BLOG ABOUT THE LENGHT OF THE DAILY ANALYSIS; ALTHOUGH, I THINK I OPENED-UP A HORNET'S NEST WITH THIS QUESTION. I DO APPRECIATE ALL THE HONEST COMMENTS GUYS. THANKS AGAIN.
BRAD, I'LL BE GIVING YOU A CALL SOMETIME MONDAY TO SEE IF YOU CAN HELP ME SET-UP MY TRIANGLE ALERTS. FEEL FREE TO ALSO DROP ME A LINE AT MY ABOVE E-MAIL.
Thanks again ALL.
HUGO
Excellent. Thank you.
hello guys
i totally agree with JAB
this will be more easy if the alert will only send email when there is a change on the color of the triangle ,that mean a change on the trend ...i think we all need to stick together on this because this will be a win.....win situation for all of use....and for the new traders this will be a piece of cake to trade .....
....thinks about it....how easy this will be when you only receive alerts when the triangle change color to indicate you the trend change or a short rallies ......
the trade triangle is a great tools but you need to do your homework as well.
iam waiting for your reply and lets do something about it
god bless
and speak to u soon
Jab,
Maybe we need to get your alerts set up correctly on your end, as we have set in place the alert for new Trade Triangles. If you'd like you can call me and I'll walk you through the set up personally! I know it works as I get daily Trade Triangle emails which have led to some pretty good trades and some solid trend waves.
Call the office Monday between 9-5 eastern standard and ask for me. 1800-538-7424
Have a great weekend,
Brad
The low risk money has already been made. Waiting for a pullback would be a better set up. Patience pays off but if you want to give your profits back to the market knock your socks off.
BTW If you want to make any money you have to trade the doubles: DGP & DZZ
Trading GLD on the triangle is only 3.6% profit, hardly worth it. DGP would have doubled that.
I thought we were supposed to buy low and sell high! It's easy to get carried away on high prices, but isn't that hindsight a losers game?
Dick,
You are correct unless this is a "breakout" in which case it makes sense to buy now. In such a situation buy in with a half or qtr position and if it keeps going up go all in. Of course be ready to exit at your trailing stop loss.
I forgot to add that "buy low and sell high" is a moving target and is relative to any given point in time. Back in high school (before Nixon) I could buy gold at $40. Back then that was the high; today that is veeeery low.
Thanks everyone for their comments so far!
Hugo, whenever there is a new Trade Triangle issued for a symbol in your portfolio you will receive an email alert (if you have it set up in the Alerts) that will let you know exactly when a Triangle has issued a buy or sell. Always check the charts and the latest alerts for your updates.
Best,
Brad
"whenever there is a new Trade Triangle issued for a symbol in your portfolio you will receive an email alert"
Brad, this is incorrect and my big frustration with MarketClub's alerts.
When you set up an alert on the trade triangles, you don't get notified whenever there is a "new" triangle, which is what I'd like.
Instead, you get notified every time that investment hits a new high or low, so you get inundated with all kinds of junk emails.
Really the key piece of information with trade triangles is being alerted as soon as there is a new one, ie, a change in the trend.
But strangely nowhere in the trade triangle alert emails does it tell you whether it's a new or existing trade triangle.
Had a couple of exchanges with Jeremy at MarketClub, but after explaining the problem I never heard back from him.
I'm very disappointed with the triangle alert emails, as this could easily be fixed.
Jab
Since the futures Markets only close for 45 min. and then re-open. I would like to know HOW LONG IS THE DAILY ANALISYS FOR?. That is to say if it's 11am or 3pm Chicago time, and we are looking at one particular piece of information; will this information still be good at 6pm or 8pm when I'm trading?......or should I be looking for new information to support the new trading time? considering that other world markets are opening and closing too.
Thanks,
Hugo,
I am not an expert but my logic says that the analysis is a "history marker" it is good only at the point of time it was printed. If the underlying instrument is volatile you will need to check the website at your decision time for any changes.
hello people
the gold is not going up FOR NOW BUT .....
When you look at the 5 min chart you can see the first legs up follow by a correction,the second leg will follow and will have the same length as the first one.... you can see that on MACD too.
but to have a confirmation of a reversal on the gold....we need to have a reversal pattern ...and i see a beginning of a H.A.S formation ,DOUBLE TOP,or less likely an 3 TOP...... to see its more distingue drop down to a smaller time frames like 5 min and 30 min
THAT IT FOR ME
TAKE CARE GUYS AND GOOD BLESS....
STOP THINKING AND FOLLOW THE TRADE TRIANGLES
How can you turn a profit on the 6% spread between bid/ask on physical gold? I can see trade some paper, but not the physical stuff? Why I hold the majority of my gold portfolio in the physical, I like to trade the papers (GLD and DZZ) on the highs and lows.
I totally agree with Ed,
Voume has definitely preceeded price as you can see here, but there hasn't been any spike to speak of at the 1000 level. There just doesn't seem to be any interest here:
http://quotes.ino.com/chart/?s=FOREX_XAUUSDO&t=f
also there is a divergence in the MACD to keep an eye on
Weekly - there is no divergence (RSI, MACD, ULT, CCI, STS, MTM).
Daily - near-term will be a new high.
I think this is another fool ya this is 3rd time gold broke 1000, and todayb the dollar is down on it's nutz a year low and gold up a lousey 5-12 points,when the $ comes out from hiding, watch out could be sooner then later, no$$$$ bulls left. contrary??? you BET, GOLD PUTZZZ!!
I believe this time will be different. Folks that missed this rally with be buying gold on any dips. I am long. Estimate 1200 minimum by 12/5/09.
Cheers,
Bob
gold
your buy signal , how many time to trade a month ? I am looking
the trade 8 to 10 time a month, please tell me more