I have to start out by stating that "I love the forex markets."
But what's this?
Here we are going to hell in a handbasket in the US, yet everybody wants to own dollars.
Go figure.
I have to say that the dollar may be the lesser of all evils in the financial world. Here's what I mean by that statement: I heard that a Chinese businessman who lives in Hong Kong said that the stimulus plan would not work in China, simply because there is so much corruption.
I guess in the US we only have a few bad applies, while China it's almost like they have orchards full of bad apples.
But I digress...
Let's take a look at the US Dollar versus the Japanese Yen (USDJPY). A few weeks ago, I did a video outlining my predictions for this very cross.
Well, after being stopped out of our first position for a small loss, we had another signal based on our daily "Trade Triangle" technology, which issued another entry signal at a very good level. The level is clearly indicated on the chart and you'll see this level in my new video for this cross.
The video, as always, is free of charge and there's no need to register. This is an educational trading video to show you one of the most important technical chart formations and how to incorporate our "Trade Triangle" technology to come up with big winners.
For as long as I've been in the investment game (over 3 decades), this simple formation continues to show itself year after year.
Enjoy the video, and please feel free to make your comments known on our blog. Before I forget, here's the link to the first video we did on the USD/YEN cross a few weeks ago.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Fritz,
Thanks for your feedback.
Yes, MarketClub works beautifully on the OSX platform. That is the platform I use.
All the best,
Adam
Adam
I've listened to your favorable view of Apple technology.
I note that MC videos are all on windows. Does MC work with the OSX platform?
A Java app or the like?
Henson,
Thank you for your comments and your feedback. I guess in theory you could do exactly what you suggested. I am not a huge fan of the ETF markets. I much prefer to trade the futures markets as the correlation is 100%. I have found that the correlations with ETFs sometimes is sadly lacking
All the best,
Adam
thanks for the educational videos. They are wonderful. Just to check with you - the video on cci. Was it meant for us to watch half of it?
Tell me as a member, what are the markets do you cover to provide us the analysis. How wide a market spectrum do you cover? How often do you provide us the suggested trade - as and when the set up occurs or at the end of each day.
Do you use the various technical indicators to generate the set ups or do you use fundamental data as well?
thanks
janice
Janice,
Thank you for all of your questions. I hope I'm able to answer them on this forum. I'm not sure about the CCI video. I'll have to look into that sometime But I can't promise that is going anytime soon.
As a member of MarketClub you certainly have some great tools to work with. Our trade triangle technology is dynamic which means it shows up on the charts when it happens, and not at the end of the day or the next day.
MarketClub is primarily a technical service, we do not use fundamentals in our analysis. Having said that, we do have news feeds from three new services that we provide to members at no additional cost. These new fees providing fundamental data if you need it.
Another thing that members tell us that they enjoy about MarketClub is there is only one charge. You do not have to buy anything else when you become a member.
Every success, and thank you for your feedback.
Adam
Thanks Adam for the pointers on the Dollar/Yen. My question is this: since I cannot trade pairs as yet, could I in theory buy an ETF call on the Dollar and a ETF put on the Yen based upon the present direction of the pair?
Henson,
If you were referring to trading options on the Yen, here's a link to the NASDAQ World Currency Options Yen strikes:
http://www.nasdaq.com/asp/currency-options.asp?currency=^XDN
These options are quoted in terms of U.S. dollars per unit of the underlying currency. One contract controls 1,000,000 Yen. So if you were bearish on the Yen as Adam's video showed, you would buy puts and if you were bullish you'd buy calls. If you're more advanced you could also write call spreads for a bearish play.
There's also a double-short Yen ETF, YCS, and a double-long, YCL, if you'd rather go that route. I know Adam isn't wild about the ETF's but this would be a simpler alternative for those of us who aren't set up for futures.
This is amazing!!! I love your videos. Tell you the truth, I tried so many services and they all failed. Now I use your trade triangles religiously. The last trade I did was long the YG.J09.E. I made $$$ but I existed the position too soon!!!! I got scared and closed the position early. Adam, like you said we must have Discipline and follow the roles!!
Thanks
Ali
Can you explain the difference in the Trade Triangle formula for forex and is it triggered automatically based on the symbol entered?
By the way, thank for continuing the videos and other great information and of course links to more good resourses and offers. I finally joined Market Club, Jan 1 and I am using the triangles and other MC features routinely.
All the best, Stephen M.
We don't have many forex trading company in Malaysia. There's one called Plauski here. Will our money be safe and scure if we use them as our online dealer. We are req'd to bank in our money in an external account with a local Malaysia bank..
Anyone with bad or good trading forex experience using Plauski..?
Adam,
You truly are a gentleman, there aren't many of us left in the world !
Thank you so much for your videos, they are amazing and ALWAYS on the money!
Your USD/JPY video was a beauty, I jumped on it at 91.8c and have ridden it to 97c and STILL GOING.
It has paid for my Marketclub membership for the next 10 years....
Keep up the great work buddy.
Cheers
Scott